Western Exploration Stock Price, News & Analysis

Western Exploration Inc. (TSXV: WEX; OTCQX: WEXPF) announced positive results from its surface exploration program at the Aura Project's Gravel Creek resource area. The program highlighted high-grade intercepts of up to 40.05 g/t Au and 1,951 g/t Ag, supporting further drilling in NE-trending structural zones. The geochemical data indicates significant exploration potential, extending 2 km NE of Gravel Creek. CEO Darcy Marud expressed strong confidence in expanding the resource base, particularly as the data enhances understanding of high-grade vein controls. The integration of structural alteration and geochemical data will help target additional mineralization.

Western Exploration Inc. (TSXV: WEX, OTCQX: WEXPF) announced the engagement of Nichole Cowles as director of investor relations. Ms. Cowles has 10 years of experience in mining-related investor relations and aims to enhance the company's communication with investors. Her monthly compensation is approximately C$10,500, with no performance-related incentives. Ms. Cowles holds 5,100 variable voting shares and 41,000 options to purchase shares. Western Exploration focuses on precious metals exploration in Nevada, with its key asset being the Aura gold-silver project, which includes three gold and silver deposits.

Western Exploration (TSXV:WEX) (OTCQX:WEXPF) announced assay results from its Phase I drill program at Doby George, Nevada, revealing high-grade gold and silver deposits. Notably, Hole DGC794 reported 26.06 meters of 6.93 g/t gold, highlighting the project's significant potential. The Aura Project contains extensive resources, including 652,271 gold equivalent ounces in the Indicated category and 665,357 ounces in the Inferred category. The company has successfully completed 836 drill holes with favorable metallurgy for cyanide heap leach processing. Recently, it raised approximately $1,140,000, with shares trading at $1.90.

Western Exploration Inc. has reported positive assay results from its Phase 1 drill program at the Doby George deposit, part of the Aura Project in Nevada. Drill holes DGC794, DGC795, and DGC796 demonstrated significant gold mineralization, with DGC794 revealing 26.06 meters of 6.93 g/t Au. The results confirm high-grade, near-surface oxide gold mineralization, encouraging further metallurgical tests and a Pre-Feasibility Study in 2023. The company plans step-out drilling to explore additional high-grade areas, with potential drilling of 5,000 to 10,000 meters in new geological zones which may expand resource estimates dramatically.

Western Exploration Inc. (TSXV: WEX, OTCQX: WEXPF) has announced the successful closing of a non-brokered private placement, raising approximately C$1,140,000 by issuing 814,286 units at C$1.40 each. The funds will be allocated to further the exploration and development of the Aura Project, along with general corporate purposes. Each unit consists of one variable voting share and a warrant exercisable at C$1.96 for two years. The offering awaits final acceptance from the TSX Venture Exchange.

Western Exploration (TSXV:WEX) (OTCQX:WEXPF) announced assay results from its Phase 1 drill program at the Doby George deposit, part of the Aura gold-silver project in Nevada. Significant findings include 74.22 meters of 1.71 g/t gold in Hole DGC791 and 40.39 meters of 2.18 g/t gold in Hole DGC792. The project has identified a total of 652,271 gold equivalent ounces in indicated resources and 665,357 ounces in inferred resources. The ongoing program aims to expand the current resource boundary, with nine core holes completed over 1,138 meters.