Western Exploration Stock Price, News & Analysis

Western Exploration (OTCQX:WEXPF) has launched its fully-funded 4,000-meter reverse circulation drill program at the Aura Project in Elko County, Nevada. The program targets a 1.3 km strike length of the Tomasina Fault zone, focusing on high-grade epithermal gold-silver vein targets near Wood Gulch.

The drilling campaign aims to evaluate areas down dip from the Wood Gulch and Saddle NI 43-101 resource areas, with targets at depths of 100-450 meters. The Wood Gulch Open Pit, previously mined by Homestake Mining Company (1988-1990), showed significant high-grade drill intercepts, including 13.72m @ 79.26 g/t AuEq. The program follows recent exploration success that led to a 54% increase in inferred Au-Ag resources at the Gravel Creek and Jarbidge target areas.

Western Exploration (OTCQX:WEXPF) has initiated mobilization for its 2025 drill program at the Wood Gulch target within its 100% owned Aura Project in Nevada. The company has begun deploying crews and equipment to the site, located 80km north of Elko.

The fully funded 4,000-meter diamond drill program will explore extensions of historic high-grade gold-silver mineralization near the Tomasina Fault Zone, including areas below the former Wood Gulch open pit. The target area, previously mined by Homestake in the late 1980s, has remained largely unexplored with modern techniques. Drilling is expected to commence in approximately one week, following the completion of drill platform preparation and access road clearing.

Western Exploration (OTCQX:WEXPF) has filed a NI 43-101 Technical Report for its Aura Gold-Silver Project in Nevada, highlighting significant resource increases and positive economic assessment results. The Gravel Creek resource showed a 56% increase in gold resources to 571,000 ounces and an 83% increase in silver resources to 9,726,000 ounces in the inferred category.

The Doby George Heap Leach PEA revealed promising economics with a base case after-tax NPV of US$70.7M and 25.4% IRR at $2,150/oz gold price, potentially increasing to $211.2M NPV with 62.2% IRR at $3,000/oz gold. The project features a 5-year mine life with pre-production capital costs of US$115.2M and attractive all-in sustaining costs of US$1,197 per ounce at $3,000 gold price.

Western Exploration (WEXPF) reported a significant increase in mineral resources at its Gravel Creek and Wood Gulch deposits in Nevada. The updated mineral resource estimate shows a 56% increase in inferred gold resources to 571,000 oz/Au and an 83% increase in inferred silver resources to 9,726,000 oz/Ag at Gravel Creek. The indicated resources remained relatively stable at 216,000 ounces Au and 3,367,000 ounces Ag. The resource growth is primarily attributed to the 2023-2024 high-grade vein discovery in the Jarbidge rhyolite area. The company plans a 4,000-meter drill program in 2025 focused on the Tomasina Fault Zone at Wood Gulch, while also expanding exploration at Gravel Creek following these positive results. The mineral resource estimate was prepared by RESPEC Company LLC and complies with National Instrument 43-101 standards.

Western Exploration (WEXPF) announced positive results from a Preliminary Economic Assessment (PEA) for its Doby George resource at the Aura gold project in Nevada. The PEA shows a base case after-tax NPV of US$70.7M with 25.4% IRR at US$2,150/oz gold price, potentially increasing to US$211.2M NPV with 62.2% IRR at US$3,000/oz gold. The project features a 5-year mine life with total after-tax net cash flow of US$271.2M and average annual operating cash flow of $112.1M (at US$3,000 gold). Key metrics include LOM all-in sustaining cost of US$1,197/oz, average grade of 1.01 g/t Au, and pre-production capital costs of US$115.2M. The project will utilize conventional open-pit mining and heap leaching methods, processing 2.7 million tonnes annually.

Western Exploration Inc. (OTCQX: WEXPF) has achieved recognition in the 2025 OTCQX® Best 50, a prestigious ranking of top-performing companies on the OTCQX Best Market. This ranking evaluates companies based on their one-year total return and average daily dollar volume growth during 2024.

CEO Darcy Marud highlighted the importance of OTCQX in providing valuable exposure to U.S. markets and investors, particularly beneficial for their U.S.-based project development. The OTCQX Best Market is known for offering transparent and efficient trading of established companies that meet rigorous standards including high financial requirements, best practice corporate governance, and securities law compliance.

Western Exploration (WEXPF) has identified a major new exploration target zone in the Wood Gulch-Gravel Creek area, featuring a 3.0-kilometer-long Tomasina target zone with three outcropping zones of mineralization. The target area, located 1.0 km west of Gravel Creek, shows similar geologic, structural, and geochemical characteristics to Gravel Creek.

The zone includes the past-producing Wood Gulch mine, which historically yielded high-grade drill intercepts including 13.72 meters @ 29.59 g/t AuEq and 9.14 meters @ 30.38 g/t AuEq. The target is situated 75-400 meters from the surface, potentially reducing drill costs and improving future development prospects. The company plans to prioritize drilling in 2025 where the Tomasina Fault zones intersect the Frost Creek tuff.

Western Exploration (OTCQX: WEXPF) has been named to the 2025 OTCQX® Best 50, a prestigious ranking of top-performing companies on the OTCQX Best Market. The ranking evaluates companies based on an equal weighting of one-year total return and average daily dollar volume growth during 2024.

CEO Darcy Marud expressed honor at the recognition, highlighting the OTCQX's important role in providing exposure to U.S. markets and investors, particularly valuable for a company advancing a project within the United States.

The OTCQX Best Market is designed for established, investor-focused companies meeting strict criteria, including high financial standards, best practice corporate governance, and securities law compliance.

Western Exploration (WEXPF) has announced additional assay results from its 2024 core drilling program at the high-grade Jarbidge rhyolite discovery near the Gravel Creek resource. The drilling program has expanded the high-grade vein corridor to a minimum of 350 meters on strike and 250 meters on dip.

Key highlights include intercepts of 1.53 meters at 19.98 g/t AuEq in WG462 and 1.13 meters at 12.0 g/t AuEq in WG461. The program consisted of five oriented core holes, with all holes intersecting multiple vein/breccia zones with +10.0 g/t AuEq values. Notable results include individual assays of up to 46.1 g/t Au and 4,630.0 g/t Ag in WGC461.

The new high-grade area is located less than 200 meters east of the current Gravel Creek mineral resource, which contains 245k AuEq indicated ounces at 5.81 g/t AuEq and 443k AuEq inferred ounces at 5.02 g/t AuEq. The discovery remains open in all directions and represents significant resource expansion potential.