InvestmentPitch Media Video Discusses Western Exploration’s Start of its 2022 Diamond Drill Program at its Aura Gold-Silver Project in Nevada
Western Exploration (TSXV:WEX) (OTCQX:WEXPF) has initiated its 2022 diamond drill program at the Aura gold-silver project in Nevada. The company, which operates a 6,000-hectare site, benefits from a partnership with Agnico Eagle Mines, which has invested over US$14 million. The Phase 1 Drill Program aims to conduct large diameter core drilling to assess areas around the Doby George deposit, which has favorable metallurgical results. The project holds significant resources, with a report indicating over 652,000 gold equivalent ounces.
- Initiation of the 2022 diamond drill program at the Aura project.
- Partnership with Agnico Eagle Mines, which invested over US$14 million.
- Positive metallurgical results suggesting heap leach recoveries approaching 70%.
- Significant resources identified: 652,271 gold equivalent ounces (Indicated) and 665,357 ounces (Inferred).
- None.
VANCOUVER, British Columbia, July 27, 2022 (GLOBE NEWSWIRE) -- Today’s feature company is Western Exploration (TSXV:WEX) (OTCQX:WEXPF), a Nevada-focused precious metals exploration company, has started the 2022 diamond drill program at its Aura gold-silver project.
A Media Snippet accompanying this announcement is available by clicking on the image or link below:
For more information, please view the InvestmentPitch Media video which provides additional information about the company and today’s news, along with comments from Darcy Marud, Western Explorations, CEO. The video is available for viewing on “InvestmentPitch” and on “YouTube”. If these links are not enabled, please visit www.InvestmentPitch.com and enter “Western Exploration” in the search box.
Born out of a 25-year history of advancing exploration projects in Nevada as a private company, its principal asset is its
In 2017, Agnico Eagle Mines became a partner and has invested more than US
The Aura Project, accessible year-round by highway and county roads with access to water and electricity nearby, is located 32 kilometers north of the Jerritt Canyon mine, which has been in continual operation since 1981.
The Aura Project is unique in the junior mining space insofar as resources have been identified in three different deposits, Doby George, Gravel Creek and Wood Gulch. Doby George is one of the highest grade, undeveloped open pit heap leach resources in northeast Nevada. The company has development, and mining rights on 930 hectares of privately owned fee lands through a mineral lease agreement with a local landowner and may purchase those fee lands at any time for the development of Doby George.
The Doby George mineral deposit was initially discovered by Homestake Mining Company in the mid 1980s. Since that time, 827 drill holes have been completed, totaling 115,197 meters of drilling, including 74 drill holes, totaling 22,622 meters that were drilled by Western Exploration LLC between 1998 and 2017. Metallurgical test work completed on oxidized material by Homestake Mining Company, Independence Mining Company, and Atlas Precious Metals Inc., has indicated favorable metallurgy for standard cyanide heap leach processing. Results from the previous metallurgical testing completed on 52 bottle rolls and 23 column leach samples indicate that heap leach gold recoveries approaching seventy percent can be expected via a crush of 1 to 1.5 inches.
The Phase 1 Drill Program provides, among other things, for approximately 2,000 meters of large diameter core drilling in 10 to 12 drill holes at Doby George. The purpose of the Phase 1 Drill Program is to evaluate areas within, and adjacent to, the current resource boundary. The results of the Drill Program, including all metallurgical testing and other exploration activities completed at the Aura Project, will be used to determine the basis for completing Phase 2 of the exploration program, which is expected to focus on advancing the Doby George deposit towards the completion of a pre-feasibility study. The project is supported by Mineral Resource Technical Report dated October 2021 showing 652,271 gold equivalent ounces in the Indicated category and 665,357 gold equivalent ounces in the Inferred category.
The shares, which began trading on the TSX Venture Exchange on January 19th, following a RTO, are currently trading at
Disclaimer
The information in this Investmentpitch Media Ltd video is for the viewers information only. Western Exploration has paid a fee not exceeding
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