Western Copper and GOLD Provides Update ON Drill Campaign at Casino
TSX: WRN
NYSE American: WRN
NEWS RELEASE
July 15, 2019 Release 11-2019
WESTERN COPPER AND GOLD PROVIDES UPDATE ON DRILL CAMPAIGN AT CASINO
VANCOUVER, B.C. Western Copper and Gold Corporation (“Western” or the “Company”) (TSX: WRN;
NYSE American: WRN) is pleased to announce an update on the exploration program underway at the
Company's 100%-owned Casino project in Yukon, Canada.
Since the beginning of June, when Western commenced the exploration at its Casino site with 2 rigs from
Yukon based Kluane Drilling Ltd., over 6,000 meters of drilling have been completed in 34 holes (see
Figure 1). This represents over 50% of the planned meters of the $3.3 million drill campaign.
The goal of the drilling campaign is to convert inferred mineralization to indicated mineralization, which
would have a number of positive effects on the Casino project, including:
Increasing the overall tonnage of indicated mineralization, which in turn increases the amount of
material that potentially becomes reserves in future economic studies, thus increasing projected
mine life.
Potentially lowering the overall strip ratio, as in the January 25, 2013 Casino Project Feasibility
Study (the “Feasibility Study”), inferred mineralization located in the Casino pit was considered to
be waste.
Providing more accurate quantities of ore and waste, which will allow for more detailed
engineering of the tailings and mine waste facility outlined in the Best Available Tailings
Technology Study (see news release dated November 5, 2018).
Once the drilling is complete and all the assays received, the drill results will be incorporated in an
updated resource estimate.
Paul West-Sells, President and CEO, stated, “The program has been a success so far, with drilling on
schedule and spending within budget. I look forward to releasing the drill results and the updated
resource later this year.”
Technical information in this news release has been reviewed and approved by Jack McClintock, P.Eng,
and a ‘Qualified Person’ as defined under Canadian National Instrument 43.101.
ABOUT WESTERN COPPER AND GOLD CORPORATION
Western Copper and Gold Corporation is developing the Casino Project, Canada’s premier copper-gold
mine in the Yukon Territory and one of the most economic greenfield copper -gold mining projects in the
world. For more information, visit www.westerncopperandgold.com.
Figure 1: Proposed 2019 drilling plan showing progress as of July 14, 2019. Open pit outline from
Feasibility Study – 22 year pit.
On behalf of the board,
“Paul West-Sells”
Dr. Paul West-Sells
President and CEO
Western Copper and Gold Corporation
For more information, please contact:
Chris Donaldson
Director, Corporate Development
604.638.2520 or [email protected]
Cautionary Disclaimer Regarding Forward-Looking Statements and Information
This news release contains certain forward -looking statements concerning anticipated developments in
Western’s operations in future periods. Statements that are not historical fa ct are “forward -looking
statements” as that term is defined in the United States Private Securities Litigation Reform Act of 1995
and “forward looking information” as that term is defined in National Instrument 51-102 (“NI 51-102”) of the
Canadian Securiti es Administrators (collectively, “forward -looking statements”). Certain forward looking
information should also be considered future-oriented financial information (“FOFI”) as that term is defined
in NI 51 -102. The purpose of disclosing FOFI is to provide a general overview of management’s
expectations regarding the anticipated results of operations and capital expenditures and readers are
cautioned that FOFI may not be appropriate for other purposes. Forward-looking statements are frequently,
but not alway s, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”,
“potential”, “possible” and similar expressions, or statements that events, conditions or results “will”, “may”,
“could” or “should” occur or be achieved. These forward-looking statements may include, but are not limited
to, statements regarding perceived merit of properties; mineral reserve and resource estimates; capital
expenditures; feasibility study results (including projected economic returns, operating costs , and capital
costs in connection with the Casino Project); exploration results at the Company’s property; budgets;
permitting or other timelines; economic benefits from the mine and/or the access road; strategic plans;
market price of precious and base me tals; or other statements that are not statement of fact. The material
factors or assumptions used to develop forward-looking statements include prevailing and projected market
prices and foreign exchange rates, exploration estimates and results, continued availability of capital and
financing, construction and operations, the Company not experiencing unforeseen delays, unexpected
geological or other effects, equipment failures, permitting delays, and general economic, market or business
conditions and as more specifically disclosed throughout this document, and in the AIF and Form 40 -F.
Forward-looking statements are statements about the future and are inherently uncertain, and actual
results, performance or achievements of Western and its subsidiaries may differ materially from any future
results, performance or achievements expressed or implied by the forward -looking statements due to a
variety of risks, uncertainties and other factors. Such risks and other factors include, among others, risks
involved i n fluctuations in gold, copper and other commodity prices and currency exchange rates;
uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral
deposits; uncertainty of estimates of capital and operating co sts, recovery rates, production estimates and
estimated economic return; risks related to joint venture operations; risks related to cooperation of
government agencies and First Nations in the development of the property and the issuance of required
permits; risks related to the need to obtain additional financing to develop the property and uncertainty as
to the availability and terms of future financing; the possibility of delay in construction projects and
uncertainty of meeting anticipated program miles tones; uncertainty as to timely availability of permits and
other governmental approvals; and other risks and uncertainties disclosed in Western’s AIF and Form 40 -
F, and other information released by Western and filed with the applicable regulatory agencie s.
Western’s forward-looking statements are based on the beliefs, expectations and opinions of management
on the date the statements are made, and Western does not assume, and expressly disclaims, any intention
or obligation to update or revise any forwa rd-looking statements whether as a result of new information,
future events or otherwise, except as otherwise required by applicable securities legislation. For the reasons
set forth above, investors should not place undue reliance on forward-looking statements.