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Western Copper and Gold Corp T.WRN

Alternate Symbol(s):  WRN

Western Copper and Gold Corporation is a Canada-based exploration stage company. The Company is engaged in developing the Casino Project. The Casino Project is a copper-gold mining project in Yukon, Canada. The Casino porphyry copper-gold-molybdenum deposit is located in west central Yukon, in the northwest trending Dawson Range mountains, approximately 300 kilometers (km) northwest of the territorial capital of Whitehorse. The Casino project is located on Crown land administered by the Yukon Government and is within the Selkirk First Nation traditional territory and the Tr’ondek Hwechin traditional territory lies to the north. The Casino Property lies within the Whitehorse Mining District and consists of approximately 1,136 full and partial Quartz Claims and 55 Placer Claims acquired in accordance with the Yukon Quartz Mining Act. The total area covered by Casino Quartz Claims is approximately 21,126.02 hectares (ha). The total area covered by Casino Placer Claims is 490.34 ha.


TSX:WRN - Post by User

Post by 5Caraton Nov 19, 2010 9:26pm
356 Views
Post# 17733142

While waiting on WRN

While waiting on WRN

Keep HPY on your special stock radar.

In Summary,

Teck is mining 0.26% copper 6 km away from HPY's copper property.
Teck's mine is the largest copper mine in Canada.
HPY is drilling a similar or better grade.
HPY has drilled 2 copper zones.
HPY has hired AMEC for resource on Zone 1.
HPY has determined many possible copper zones to investigate (drill). 
Sampling as high as 3.34% copper.
Teck's mine has production issues and will eventually have to build its reserves.
Something to ponder. 
News after market today below. 
HPY's location is pivotal along with their drilling and sampling.
Serious company.
Cheers.

Today after market:
Happy Creek Drills 120.0 metres of 0.26% Copper and samples 3.34% copper in Highland

Valley B.C.

November 19, 2010 – Vancouver, British Columbia – Happy Creek Minerals Ltd. (TSXV:

HPY, the “Company”) is pleased to announce final results from drill hole R10-18 and

results from recent surface exploration conducted on its Rateria property, Highland Valley,

B.C.

The Company has a 100% interest in approximately 145 square kilometres of mineral

claims that adjoin Teck’s Highland Valley Copper (HVC) mine, Canada’s largest copper

producer, located in south central British Columbia. HVC is currently mining material

averaging 0.26% copper from three open pits. Happy Creek’s Zone 1 is located

approximately 6.5 kilometres southeast of Teck’s Highmont mine. Approximately 7 to15

metres of glacial till overlies the bedrock in this area.

Final results from R10-18 are 248.1 metres of 0.19% copper from surface, including 27.5

metres of 0.68% copper and 4.8 g/t (grams per tonne) silver.

Zone 1 Drill Hole R10-18 Final Results

Hole Depth From To Interval Copper

(metres) (metres) (metres) (metres) %

R10-18 273.71 9.5 257.5 248.1 0.19

includes 72.5 192.5 120.0 0.26

includes 162.5 190.0 27.5 0.68

To date, drilling in Zone 1 has intersected copper mineralization in an area approximately

700 metres by 100 metres in dimension and to a depth of 300 metres. The Company has

completed seven additional drill holes on the property and results are pending.

David Blann, President and CEO of the Company states “Zone 1 contains copper

mineralization from surface and drilling continues to intersect grades that are positive at

depth and remain open in extent. We have also drilled approximately 400 to 500 metres

further south of Zone 1 and intersected copper mineralization that clearly expands the

potential for this area. Drilling started in April, and will soon be finished for the year. The

progress this year has been very positive. Our experience with the exploration success in

finding two new copper zones and the on-going surface work indicate there is excellent

potential to develop several copper deposits and for more discoveries here”.

The Company has also received positive results from additional prospecting and stream

sediment sampling in areas of the property that remain untested by drilling.

Approximately 500 metres northeast of the Company’s 2010 drilling in Zone 2, four outcrop

grab samples in an area of approximately 200 by 300 metres in dimension have returned

0.05%, 0.08%, 0.41%, and 3.21% copper. These samples are from mineralized structures

believed to originate and form part of Zone 2. Drilling in Zone 2 has intersected positive

copper and molybdenum and locally rhenium, gold and silver values in an area

approximately one kilometre by 600 metres in dimension. (Refer to News Release dated

September 8, 2010).

Approximately 1.5 kilometres to the southwest of Zone 1, samples of quartz vein material

have returned values of 3.34%, 1.74% and 1.04% copper and up to 0.021% molybdenum,

and 5.78 g/t silver. Eight stream sediment samples in this area have confirmed previous

positive results of 887 ppm (parts per million) to 1625 ppm copper and expanded the area

of interest. New sampling has returned 190 ppm to 776 ppm copper including 414ppm and

592 ppm copper and 1.74 to 29.4 ppm molybdenum from several stream tributaries. This

area is underlain by favorable Bethsaida phase intrusive rock and an induced polarization

geophysical anomaly approximately 800 by 600 metres in dimension that is thought to

represent a very prospective untested target.

In the southern portion of the Rateria property, the Sho claim covers an area

approximately two by three kilometers in dimension and is within an important regional

magnetic low believed to map out the younger and more productive phases of the Guichon

batholith. This prospective area also occurs near the intersection of the east-west trending

Skuhun Creek and north-south trending “Corridor” fault. The regional magnetic and

structural setting is similar to that occurring near the major mines in production to the

north. The Company has not conducted a significant amount of work in this area to date.

The main Sho prospect is part of a larger mineralized structure that has been previously

trenched by the Company. Here, systematic chip sampling covering approximately 15

metres by 4 metres in dimension averaged 1.49% copper and 8.4 g/t silver. In 2010, the

Company continued prospecting approximately 400 metres to the south of the trench.

Rock sampling has outlined a northwest trending mineralized zone for over 250 metres in

length and 50 to100 metres in width that remains open in length and width. Twelve grab

samples of mineralization within this zone returned from 0.20 to 2.84% copper and up to

12.8 g/t silver. Seven samples contain from 0.05 to 0.11 g/t gold. Seventeen (17) widely

spaced stream sediment samples on this claim have returned values from 33.7 to 427 ppm

copper, with nine sample greater than 250 ppm copper and four samples greater than 400

ppm copper. One silt sample located 200 metres downstream of the Sho trench returned

33,900 ppm (3.4%) copper, 68.9 ppm molybdenum and 4.09 g/t silver. Historical silt

sampling results include values of 452ppm, 496ppm, 524ppm, 575ppm and 951ppm

copper. Together, these stream sediment and rock sample results are thought to be very

positive for porphyry copper exploration, and this large area has not had systematic

modern induced polarization (IP) geophysical surveys completed. The Company is very

encouraged with the results from this under explored portion of the Rateria property and

further exploration is planned.

To date, the Company has discovered two significant new copper zones and continues to

identify several new, large scale targets within a mining district that has generated

Canada’s largest copper producer for over 25 years.

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