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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 cmarketinsightson Dec 05, 2024 6:12pm
53 Views
Post# 36348211

Nevada’s Next Big Gold Play? 🏔️ Western Exploration

Nevada’s Next Big Gold Play? 🏔️ Western Exploration

Nevada’s Next Big Gold Play? Western Exploration is charting an exciting path with its Aura gold-silver project in Nevada. A standout year of progress sets the stage for significant resource growth in 2025.

Key Highlights:

Indicated and inferred resources total 1.3 Moz gold equivalent across three deposits

Metallurgical test results show gold recoveries of 72%-95%, hinting at low-cost processing potential

Recent drill results unveiled grades of up to 75 g/t gold and 3,080 g/t silver Positioned as a potential M&A target amid rising gold prices and sector consolidation With resource updates and a feasibility study expected next year, what’s next for WEX in the competitive gold market?

Read FRC's latest report to explore the full story and our outlook: https://www.researchfrc.com/content/reports/post/159/anticipating-significant-resource-expansion-raising-our-fair-value-estimate

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