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. reports on mineral exploration and development activity at its wholly owned Aura gold-silver project in Elko County, Nevada. Recurring updates cover drilling and assay results at Gravel Creek, the Jarbidge Vein Zone, the Tomasina Fault Zone, Saddle, Wood Gulch and related targets, including geochemical and spectral studies tied to epithermal gold-silver mineralization.
Company news also includes Doby George development and permitting work, including Mine Plan of Operations preparation, U.S. Forest Service process updates and baseline environmental, cultural, hydrology and biology studies. Additional corporate updates may address capital structure, governance matters and operating or financial disclosures.
Western Exploration (TSXV: WEX / WEXPF) updated progress on its 100%‑owned Doby George gold project in Elko County, Nevada. Key operational steps underway include a secured 2026 drilling contract, initiated hydrology studies with planned monitor wells, baseline biology field studies, and early-stage grid‑connection discussions with a regional utility.
These workstreams are intended to support the Company’s Mine Plan of Operations submission to the U.S. Forest Service and advance the project toward a future construction decision during 2026.
Western Exploration (OTCQX: WEXPF) reported ALS-GoldSPOT geochemical-spectral analysis from the Aura Project showing strong Ag–Se–Au–As–Sb correlations (88–94%) consistent with northern Nevada Miocene low‑sulfidation epithermal systems. High-grade intercepts include multiple >10 g/t Au zones and a +1.0 km vertical extent; LWIR scans show differing clay assemblages and no adularia.
The company identified multiple priority targets to expand the Wood Gulch–Gravel Creek (WG‑GC) system footprint (~2.5 x 4.0 km) and aims to grow the global WG‑GC resource toward 1.5M oz Au and 30.0M oz Ag.
Western Exploration (TSXV: WEX / OTCQX: WEXPF) outlined its 2026 Program to advance permitting and engineering at Doby George and expand resources at Gravel Creek in NE Nevada. Key milestones include a Q2 2026 mine plan submission to the USFS, infill drilling through year-end 2026, a PFS by Q1 2027, and baseline/environmental studies through mid-2027. The company says all 2026–2027 engineering, drilling and permitting work is fully funded. The 2025 PEA for Doby George shows an after-tax NPV (5%) of US$70.7M at US$2,150/oz and project metrics including ~US$115M pre-production capital.
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.