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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 Jun 01, 2011 8:03pm
368 Views
Post# 18659428

Ground Floor Copper Opportunity

Ground Floor Copper OpportunityHello Mates,

Here's a copper junior that has tremendous opportunity.
Name: Happy Creek Minerals, HPY.
Price: 23 cents
Cash: $3.4 million
Shares: 45 million

Drilling: Currently 10000 metres
Holes: 1st hole released after market today.
Location: Next door to Teck's Highland Valley Copper Mine. Near kamloops, BC.

Previous Drilling: Identified 2 copper zones.
Other possibilities: Numerous quality drill targets in potential copper zones will be drilled this year.


Please be aware, Teck is mining 0.26% copper and they have an operating profit in excess of $100 million per quarter from their Highland Valley Copper Mine.

News which came out after the markets closed today. Read it if interested. Cheers.

Happy Creek Minerals Ltd
Symbol C : HPY
Shares Issued 44,951,296
Close 2011-05-31 C$ 0.23
Recent Sedar Documents

Happy Creek drills 95 m of 0.65% Cu at Rateria

2011-06-01 16:08 ET - News Release

Mr. David Blann reports

HAPPY CREEK DRILLS 95.0 METRES OF 0.65% COPPER IN HIGHLAND VALLEY B.C.

Happy Creek Minerals Ltd. has released preliminary analytical results from the first hole of 2011 in zone 1 on its Rateria property, Highland Valley in British Columbia.

The company has a 100-per-cent interest in approximately 145 square kilometres of mineral claims that adjoin Teck's Highland Valley copper (HVC) mine property, Canada's largest copper producer, located in south-central British Columbia. Over 1.8 billion tonnes of resources in five deposits have been discovered in the Highland Valley district. HVC is currently mining material with an average grade of around 0.26 per cent copper. Happy Creek has discovered zone 1 and zone 2 on the Rateria property, located approximately 6.5 kilometres southeast of Teck's Highmont mine. Previous highlights of drilling include 253.7 metres of 0.24 per cent copper, including 120.0 metres of 0.38 per cent copper in zone 1. Zone 2 is located approximately two kilometres to the northeast, and has returned 126.0 metres of 0.46 per cent copper, 0.008 per cent molybdenum and 0.10 gram per tonne gold. Zone 2 also contains intercepts such as 38.2 metres of 0.029 per cent molybdenum and 2.14 g/t rhenium.

Happy Creek has intersected 95.0 metres grading 0.65 per cent copper and 3.62 grams per tonne silver from 220 to 315 metres in drill hole R11-1. This hole is angled at minus 55 degrees across the northerly trending zone 1. Low copper values occur above and below this interval with the final 12.5 metres containing 0.10 per cent copper to 404.5 metres where the hole was shut down due to drilling difficulty. The significant interval in R11-1 is approximately 100 to 150 metres beneath R07-09 that returned 100.0 metres of 0.29 per cent copper near surface and, on this section, importantly indicates good continuity of the zone and higher grade at depth. Glacial till in zone 1 is around seven to nine metres in thickness, and potentially economic copper grades are confirmed from bedrock surface to 250 metres below surface and remain open in extent.

"We are very encouraged from results of the first hole this year, which shows good continuity and increasing copper grade," states David Blann, president and chief executive officer of Happy Creek. "This phase of drilling is focusing on the definition of zone 1 and testing similar geophysical targets nearby."

The company is currently completing the fourth of up to 25 drill holes and has approximately $3.4-million in working capital.

Mr. Blann, PEng, is a qualified person as defined by National Instrument 43-101, and is responsible for the preparation and approval of the technical information disclosed in the news release. Preliminary analyses are performed by Agat Laboratories, Burnaby, B.C., using a geochemical aqua regia digest and ICP-MS finish, with samples returning greater than 5,000 parts per million copper repeated using larger pulp size and atomic absorption analyses. ICP-MS results for copper, molybdenum and silver are provided in parts per million (or grams per tonne), with values converted to per cent by dividing by 10,000. AA results for copper are provided in per cent. N/A equals not available. Quality control and assurance protocol includes on-site pickup of samples by the laboratory, routine insertion of blanks, standards and duplicates, in addition to the laboratory internal controls.

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