Western Intercepts 55.1 G/T GOLD over 2.97 Metres at Casino
TSX: WRN
NYSE American: WRN
NEWS RELEASE
September 24, 2019 Release 14-2019
WESTERN INTERCEPTS 55.1 g/t GOLD OVER 2.97 METRES AT CASINO
VANCOUVER, B.C. Western Copper and Gold Corporation (“Western” or the “Company”) (TSX: WRN;
NYSE American: WRN) announces that during its recently completed drill program at its wholly owned
Casino Project, Hole DH19-21 returned 55.1 grams per tonne (“g/t”) gold over 2.97 metres (“m”) at a
depth of 147.98 m. A re-assay of this sample returned 65.9 g/t confirming the high gold grade.
This high grade intercept is the third high grade intercept found to date in the deposit (see Figure 1).
Previously intersected high-gold intercepts include 1.85 m grading 73.60 g/t gold in Hole 94-300 located
580 m northwest of DH19-21 and 53.50 g/t gold over 2.5 m in Hole CAS-007 located 730 m northeast
(see Table 1). Each of these high-gold intercepts occurs in or near fault structures and is associated with
late phase alteration cross cutting the earlier porphyry related alteration. Additional, closer spaced drilling
is needed to determine the full extent of these gold enriched structures. Given the 100 metre drill hole
spacing in the Casino deposit, it is reasonable to expect that closer spaced drilling is likely to find
additional gold bearing structures.
“This third very high grade intercept from within the Casino deposit suggests potential for a number of
very high-grade gold structures within the Casino deposit and we look forward to drill testing these
structures to fully understand their extent and impact to the overall economics of the Casino Deposit.”
said Paul West-Sells, President & CEO.
Table 1: High grade intercepts sampled from the Casino Project.
Hole
Length
(m)
From
(m) To (m)
Width*
(m) Au (g/t) Ag (g/t) Cu (%) Mo (%)
DH19-21 249.94 147.98 150.95 2.97 55.10 1.8 0.07 0.000
(reassay) 147.98 150.95 2.97 65.90 1.7 0.07 0.000
94-300 152.40 69.16 71.01 1.85 73.60 10.8 0.01 0.035
(reassay) 69.16 71.01 1.85 99.96
Including 69.16 69.66 0.50 7.39 1.9 0.01 0.026
(resample) 69.66 70.16 0.50 0.16 2.3 0.01 0.038
70.16 70.66 0.50 921.00 9.0 0.01 0.038
70.66 71.01 0.35 738.00 12.0 0.01 0.089
and 71.01 72.00 0.99 108.50 2.5 0.01 0.026
CAS-007 486.17 343.55 346.00 2.45 53.50 1.5 0.04 0.001
*Note that reported widths are core length widths and not true widths.
Figure 1: Drill hole map showing holes with key gold intercepts and current and historical drilling.
John McClintock, P.Eng., is the qualified person responsible for the execution of the Casino Project
exploration program and the preparation of the technical information in this news release.
QA/QC including assurance of chain of custody has been implemented in accordance with industry best
practices. Split core samples are prepared and analyzed by ALS Chemex. Prepared samples are initially
run using a four acid digestion process and conventional multi-element ICP-AES analysis. Additional
assaying for total copper and molybdenum is run using a 4 acid digestion – AES or AAS method to a
0.001% detection limit. Gold assays are run using 30 gram sample fire assay with an AA finish to a 0.005
ppm detection limit, with samples greater than 10 ppm finished gravimetrically. The QA/QC procedure
involves regular submission of Certified Analytical Standards and property specific duplicates, with check
assaying for P19-21 performed by SGS Labs and for holes 94-300 and CAS-007 performed by Acme
Analytical Laboratories Ltd.
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.
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 fact are “forward -looking
statements” as that term is defined in the United Stat es 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”). Certain forwar d 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 resu lts 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 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 regar ding 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 result s 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. 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 Compa ny 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 expre ssed 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 exchang e rates;
uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral
deposits; uncertainty of estimates of capital and operating costs, 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 pro perty and uncertainty as
to the availability and terms of future financing; the possibility of delay in construction projects and
uncertainty of meeting anticipated program milestones; 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 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.