Western Gold Exploration (WGELF) reported a 3.9 m gold intercept from maiden drilling at its Caledonian Gold Project in Scotland. Hole GLDD26_004 returned 7.17 g/t gold from 86.0 m, with 27.8 g/t silver, 6.51% lead and 2.10% zinc. This included 0.5 m at 42.8 g/t gold from 88.6 m.
All four holes at Coire a'Ghabhalach intersected gold-bearing vein structures over 667 m of drilling. The completed campaign covered approximately 1,260 m across seven holes; results from three holes at Creag Sheileach remain pending. Western Gold operates the project through a 90%-owned joint venture with Acrux Gold, which holds 10%. The company interprets the intersections as a single braided vein system or two parallel veins, open along strike and at depth. It is evaluating a ground geophysical survey and an extension of soil sampling ahead of future drilling.
Western Gold Exploration (WGELF) appointed Tom Fraser as Chief Executive Officer, effective October 19, 2026, succeeding Ross McLellan. McLellan, who led the company since its inception ten years ago, will remain as Director of Operations to support the transition. Fraser brings more than 15 years of mining finance and capital markets experience, most recently at BMO Capital Markets, with previous mining advisory roles at Citigroup.
In connection with the appointment, Fraser received 500,000 stock options, each exercisable for one common share at $0.13 per share for five years from the grant date. The options vest immediately, and the grant is subject to acceptance by the TSX Venture Exchange. The leadership transition follows completion of initial drilling at the Caledonian Gold Project.
Western Gold Exploration (WGELF) has completed drilling of four diamond drill holes totalling 667 m at the Coire a'Ghabhalach (CaG) vein, the first target in its maiden drilling campaign at the Caledonian Gold Project in Scotland.
CaG was defined through systematic channel, backpack drill and soil sampling, which returned multiple high-grade polymetallic gold intervals, including 1.4 m at 9.94 g/t Au with 1.25% Zn and 1.61% Pb, 1.8 m at 7.53 g/t Au with 1.50% Zn and 1.03% Pb, and 1.0 m at 12.95 g/t Au with associated zinc and lead. Channel sampling included 2.5 m at 5.18 g/t Au, with a 0.6 m sub-interval grading 16.70 g/t Au. Veining and alteration have been traced over at least 180 m of strike, with all intercepts remaining open at depth and along strike. Assay results from the completed drilling are expected in October 2026, and drilling has now commenced at the second target, Creag Sheileach, within the Glen Lyon joint venture (90% Western Gold, 10% Acrux Gold).
Western Gold Exploration (TSXV: WGLD, OTC: WGELF) reported progress at its Caledonian Gold Project in Scotland and provided a corporate update. Through the Glen Lyon Joint Venture, where the company holds a 90% interest, about 650 metres of NQ diamond drilling have been completed in four holes at Drill Pad 1, as part of a minimum 1,500‑metre, eight‑hole program.
Drilling has now started at Drill Pad 2 (Creag Sheileach), with initial core logging and assay results from Pad 1 expected in late Q3 2026 and full program results in Q4 2026. Western Gold Exploration is also conducting ongoing regional sampling across the JV area. On the corporate side, John Thomson/b) was appointed to the Audit Committee effective August 27, 2026, and financial statements for the three and six months ended June 30, 2026 have been filed and are available online.
Western Gold Exploration (TSXV:WGLD, OTC:WGELF) has started its maiden diamond drilling programme at the Caledonian Gold Project in Scotland, held via the 90%-owned Glen Lyon joint venture with Acrux Gold (10%).
The initial programme includes at least 8 holes totalling 1,500m on three high-priority Lyon licence prospects, with first assay results expected in late Q3 2026 and full results through Q4 2026.
Western Gold Exploration (WGELF) secured an exclusive land access agreement with Forestry and Land Scotland, covering about 95 km² within the Orchy Crown Estates licence application. The agreement is part of the Glen Lyon joint venture with Acrux Gold, where Western Gold holds a 90% interest during exploration.
Total land access at the Caledonian Gold Project now spans roughly 225 km² across Glen Orchy and Lyon. Historic and recent grab samples reported gold grades up to 383.2 g/t Au and silver up to 2,260 g/t Ag, though these selective samples may not reflect true mineralisation grades.