Western Exploration Inc V.WEX

Alternate Symbol(s): WEXPF

Metals & Mining Industrial Metals & Minerals

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.

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Western Exploration Inc > $2280 Gold

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Post by Goldnboy1on Mar 31, 2024 11:37pm

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Post# 35962172

$2280 Gold

$WEX is highest grade gold deposit in Nevada over 1moz not yet in production.

New high grade Jarbridge Rhyolite discovery confirmation is indicating 1-1.5moz at 12-15 g/t Aueq likely present off the N/E section of the deposit.

$VZLA trades for $411m thanks to a 4.3moz Aueq. Deposit @ 6.2 g/t Au.

If the N/E trend is what experts believe. $WEX will have 2-2.5moz of 8-12 g/t Aueq material. On top of 800koz of 1 g/t Au open pit oxides gold.

A year from now I think this makes the value of $WEX.v $250m+. Especially if gold prices are higher than they are today!!

Do your DD. Such high grades in this project. Any drill program has a chance to deliver an exceptional drill hole ranking in the top 10 globally per year. Not many projects can say that realistically. But this one can!