Western Copper and GOLD Updates Schedule of Environmental and Socio-Economic Effects Statement Submission Process FOR Casino
WESTERN COPPER AND GOLD UPDATES
SCHEDULE OF ENVIRONMENTAL AND
SOCIO-ECONOMIC EFFECTS STATEMENT
SUBMISSION PROCESS FOR CASINO
VANCOUVER, BC
,
Dec. 16, 2021
/CNW/ - Western Copper and Gold Corporation ("Western" or the
"Company") (TSX: CWRN) (NYSE American: WRN), through its wholly owned subsidiary Casino
Mining Corp. ("Casino"), is pleased to announce it has submitted to the Yukon Environmental and
Socio-economic Assessment Board ("YESAB") Executive Committee an updated schedule for
submission of an Environmental and Socio-economic Effects Statement ("ESE Statement") on its
Casino project ("Project").
In the schedule, Casino indicates it expects to submit the ESE Statement in the second quarter of
2023. The ESE Statement submission is an important next step in the Panel Review process. Since
2016, when the Casino project was referred to Panel Review by the YESAB's Executive Committee,
Casino has continued to advance the Project by engaging with potentially affected First Nations,
completing a variety of Traditional Knowledge and environmental studies, conducting a number of
drill campaigns, and finalizing a Preliminary Economic Assessment ("PEA") on the Project. The PEA
includes important refinements to many Project components, including the tailings and waste
management infrastructure, which incorporated improvements identified by the Best Available
Tailings Technology Study ("BATT Study") completed in 2018 with participation by First Nations,
YESAB and the Yukon Government as well as guidance from Casino's Independent Engineering
Review Panel.
Dr.
Paul West-Sells
, Western's CEO, stated, "Development of the ESE Statement is an important
and exciting step in the advancement of the Casino Project. Over the next 18 months, our team will
be expanding our engagement and consultation efforts with First Nations, regulatory agencies, and
stakeholders, and developing the ESE Statement in a way that reflects Yukoners' values."
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.
The Company is committed to working collaboratively with our First Nations and local communities to
progress the Casino project using internationally recognized responsible mining technologies and
practices.
For more information, visit
www.westerncopperandgold.com
.
On behalf of the board,
"Paul West-Sells"
Dr.
Paul West-Sells
President and CEO
Western Copper and Gold Corporation
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 fact 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 Securities Administrators (collectively, "forward-
looking statements"). Forward-looking statements are frequently, but not always, 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 metals; or other
statements that are not statement of fact. In making the forward-looking statements herein, the
Company has applied certain material assumptions including, but not limited to, the assumptions
that the circumstances surrounding the COVID-19 pandemic, although evolving, will stabilize or at
least not worsen; that the extent to which COVID-19 may impact the Company, including without
limitation disruptions to the mobility of Company personnel, increased labour and transportation
costs, and other related impacts, will not change in a materially adverse manner; that all regulatory
approvals required to complete the Company's planned exploration and development activities will
be received in a timely manner and on acceptable terms; that the Company is able to procure
personnel, equipment and supplies required for its exploration and development activities in
sufficient quantities and on a timely basis; and that general business conditions will not change in
a materially adverse manner.
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 in fluctuations in gold, copper and other commodity prices
and currency exchange rates; COVID-19 risks to employee health and safety and a slowdown or
temporary suspension of operations in geographic locations impacted by an outbreak;
uncertainties related to raising sufficient financing in a timely manner and on acceptable terms;
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 agencies.
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 forward-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.
SOURCE
Western Copper and Gold Corporation
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For further information:
Sandy Noyes, Director, Investor Relations, 604.638.2520,
CO: Western Copper and Gold Corporation
CNW 08:06e 16-DEC-21