Welcome to our dedicated page for Western Exploration news (Ticker: WEXPF), a resource for investors and traders seeking the latest updates and insights on Western Exploration stock.
Western Exploration Inc. (OTCQX: WEXPF; TSXV: WEX) generates a steady flow of technical and corporate news centered on the advancement of its 100%-owned Aura gold-silver project in Nevada. Investors following WEXPF news will see detailed updates on drilling, resource estimates and economic studies across the project’s three deposits: Doby George, Gravel Creek and Wood Gulch.
Recent news releases highlight reverse circulation drill programs along the Tomasina Fault Zone near Wood Gulch, where Western Exploration reports widespread clay alteration, silicification and quartz–sulfide veining consistent with a low-sulfidation epithermal system. The company has disclosed multiple intercepts with gold grades above 3.0 grams per tonne over a strike length of roughly 1.5 kilometers, as well as key target areas such as the GAP Zone and Hammer Head that remain to be tested.
Western Exploration’s news flow also covers technical milestones, including an NI 43-101 Preliminary Economic Assessment for the Doby George oxide gold deposit and an updated mineral resource estimate for Gravel Creek and Wood Gulch. The company has reported a 54% increase in inferred gold-equivalent resources and an 83% increase in inferred silver ounces at Gravel Creek, tied to a high-grade vein discovery in Jarbidge rhyolite and a revised geologic model.
In addition, WEXPF news items describe permitting and de-risking steps, such as engaging Stantec Consulting Services Inc. to prepare a Notice of Intent and Mine Plan of Operations for Aura, and ongoing baseline environmental and engineering work. For investors and analysts, the WEXPF news page offers a centralized view of exploration results, resource updates, technical report filings and project development activities at the Aura Project.
Western Exploration (TSXV: WEX / OTCQX: WEXPF) announced the USFS has accepted its Notice of Intent (NOI) to submit a Mine Plan of Operations (MPO) for the Doby George deposit at the 100% owned Aura Project in Nevada. Target MPO submission is Q2 2026.
Baseline environmental and cultural studies begin February 2026 under a 14-month program led by Stantec; NEPA environmental reports are targeted for submission by Q2 2027. The PEA development concept envisions a 7,500 tonne per day open-pit heap leach operation.
Western Exploration (TSXV: WEX / OTCQX: WEXPF) reported results from four 2025 RC holes at the Tomasina target, ~1.0 km west of Gravel Creek at the Aura project on January 6, 2026.
Key results include 1.52 m @ 3.24 g/t Au, 71.1 g/t Ag (WG468) and 1.52 m @ 4.68 g/t Au, 10.0 g/t Ag (WG471), plus multiple +3.0 g/t Au intervals on five sections over a 1.5 km strike. The company says hydrothermal alteration now covers ~7.0 km by 2.4 km and recommends further drilling along the +2.5 km Tomasina corridor.
Western Exploration (TSXV: WEX / OTCQX: WEXPF) reported initial results from five RC holes testing the Tomasina target at the Aura project on November 17, 2025. Key intercepts include 3.0 m @ 7.1 g/t Au and 4.8 g/t Ag (WG467) and a broader 44.20 m @ 0.38 g/t Au and 1.71 g/t Ag in the same hole. The Tomasina structural zone extends ~2.5 km; the new zone remains open for at least 1 km of strike northwest and southeast of WG467. Several holes show high-level epithermal alteration analogous to nearby Gravel Creek, and legacy holes (WG355, WG360, WG421) provide additional supporting high-grade intercepts.
Western Exploration (OTCQX: WEXPF) engaged Stantec Consulting Services to prepare a Notice of Intent and Mine Plan of Operations for the 100%‑owned Aura Gold‑Silver Project (Doby George) in Elko County, Nevada.
Stantec will lead environmental baseline and MPO work in parallel with ongoing baseline studies and engineering optimization tied to the company's May 8, 2025 PEA. Doby George is described as an at‑surface oxide deposit averaging ~1 g/t.
PEA economic highlights cited: After‑tax NPV $211.2M, IRR 62.2%, Life‑of‑Mine cash flow $271.2M, and all‑in sustaining cost US$1,197/oz.
Western Exploration (TSXV:WEX | OTCQX:WEXPF) completed a Phase 1 reverse circulation drill program on the Tomasina Vein Zone at the Aura project, totaling 3,239 metres in nine RC holes.
Drilling confirmed pervasive clay alteration, local quartz-sulfide veining and stockwork/hydrothermal breccia over a 2.5 km structural trend, with the favorable Eocene Frost Creek tuff intersected in several holes. The program tested roughly 20% of the Tomasina strike, highlighting down-dip and along-strike resource expansion potential adjacent to existing NI 43-101 resources at Gravel Creek, Saddle and Wood Gulch. Assay results are pending and further core or RC-with-core-tail drilling is planned after permitting.
Western Exploration (OTCQX:WEXPF) has filed an amended NI 43-101 technical report for its Aura Gold-Silver Project in Elko County, Nevada. The amendment primarily addresses inconsistencies in capital and operating cost tables from the initial report, with the only material change being a revision to the Base Case all-in sustaining cost (AISC) from $1,152 to $1,172 per gold ounce.
The project's economic assessment remains robust, with a Base Case after-tax NPV5 of $70.7M and an IRR of 25.4% at a gold price of $2,150/oz. The project requires initial capital of $127.6M and sustaining capital of $10.5M. Operating costs are estimated at $22.24 per tonne processed, with a payback period of 2.7 years under the Base Case scenario.
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.