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Western Exploration Inc V.WEX

Alternate Symbol(s):  WEXPF

Western Exploration Inc. is focused on gold and silver discoveries in Northern Nevada. The Company is engaged in the business of exploration, acquisition, development, and mining of precious metals and other mineral deposits in the State of Nevada. The Company's principal asset is the 100% owned Aura gold-silver project, located approximately 120 kilometers/75 miles north of the city of Elko, Nevada, and including three gold and silver deposits: Doby George, Gravel Creek, and Wood Gulch. The Aura project consists of 709 unpatented lode mining claims, totaling 12,848 acres, and mineral leases on 2,296 acres of fee land in nine different parcels. Doby George is a near-surface oxide deposit. The deposit is located approximately 130 kilometers north of Elko, a top mining jurisdiction in the world. Gravel Creek is a high-grade underground sulphide deposit. Wood Gulch is a past-producing, near-surface, oxide deposit.


TSXV:WEX - Post by User

Post by Goldnboy1on Nov 29, 2023 9:22pm
216 Views
Post# 35760119

Fantastic Interview

Fantastic Interview

Fantastic interview!

CEO Darcy Marud lets the cat out of the bag!

The company holds a long term option to privately owned fee lands which are currently owned by Nevada Gold Mine JV - Otherwise known as Newmont/Barrick Joint Venture.

I'm told these private lands is where the processing complex would be built and I believe it also may hold addition contiguous ounces, or drill holes/exploration. In my experience Barrick/Newmont aren't in the business of owning ranch land, where there's smoke. There's fire!

Also I'm aware of the El Oro claim which cover's a portion of the Gap Zone between Wood Gulch and Gravel Creek. 


Knowing that Agnico, Barrick and Newmont are lurking here. There is a high degree of possibility that they expand or acquire equity here without notice.

This stock is a great buy from the perspective that in a gold bull market with all time highs, it's almost a certainty that a major partner will jump on board to do an aggressive exploration program. Driving the project towards a staged production decision.

1/10th of the alteration zones have been tested. This project has extremely attractive geology and features tons of blue sky. Sign me up long term. I'm a gold bull and these ounces are by no means expensive giving the underlying market strength.
 

https://www.kereport.com/2023/11/29/western-exploration-introduction-to-the-dolby-george-and-gravel-creek-gold-exploration-projects-in-nevada/

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