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Western Copper and Gold Corp T.WRN

Alternate Symbol(s):  WRN

Western Copper and Gold Corporation is a Canada-based mining 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

Comment by blueboron99on Jun 07, 2022 10:57am
119 Views
Post# 34736949

RE:What If

RE:What IfJC, totally agree with you.

IMO, both parties are accompishing two key items in the proposed drill program announced yesterday.

1.Paul is confirming whether there is another porphyry deeper than the previous drill programs completed in the core area, which is the primary area of interest for RT.
It also confirms whether there is any merit to the recommendations in the Consultants Report that was given to WRN 4 years ago, which suggested there is more Cu/Au located deeper in the core area.

2.The 2nd hole drilled is required for the Permiting process which will commence Q2-2023.
Whether they drill the 2nd hole now, or next year doesn't matter, as it has to be done for the Permitting process.

The key question will RT get the drill results for this summers drill program released before the end of Nov/22, or will they go for the one time, 1 year extension?

I would expect RT to make it a priority to have the drill results out by the end of Nov, extend for a year, and get on with the buyout negotiations for Casino.

As I alluded to yesterday, I expect other Majors to flex their muscle and initiate a bidding war after the FS is released, as Paul had indicated in a recent video Companies were waiting for the FS release.

Who wouldn't want Casino, particular when they are all  flush with Cash!

Blue
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