Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 IvanRoon Jan 18, 2023 5:44am
123 Views
Post# 35229854

RE:RE:RE:RE:RE:Sell on news ?

RE:RE:RE:RE:RE:Sell on news ?Pretty much what CopperandGold said. 1 drill hole isn't enough and add to that fact that they only penetrated about 200m (1/6th of the way) into the anomaly which, correct me if I am wrong, is about 500m wide and 1300m long and starts at 800m (total depth 2100m).

Basically, they would need about 3-5 drill holes penetrating much deeper into the anomaly say to a depth of 18-1900m instead of the 1000m they drilled which then could be added to resources (M&I). The cost of this is prohibitive.

As copperandgold says it provides a kicker to prospective buyers... Once they have significantly progressed with the Open Pit which is where the real value is - drilling the anomaly would be easier and it may provide the opportunity to be converted to an underground mine at a later point.

Basically the anomaly is a side show, like an extra in a movie. The deposit size / tonnage and the MET results are the stars! 

<< Previous
Bullboard Posts
Next >>