Western Exploration Reports Exceptional Drill Results at Aura Project in Nevada, Including 26.06m of 6.93 g/t gold – Video on InvestmentPitch Media
18 Januar 2023 - 9:00AM
Western Exploration (TSXV:WEX) (OTCQX:WEXPF), a Nevada-focused gold
and silver exploration company, has released additional assay
results from the final four holes from its 2022 Phase I drill
program at Doby George, Nevada. Doby George, one of three main
mineral deposits at the company’s 100% owned, 6,000-hectare Aura
gold-silver project, located approximately 120 kilometers or 75
miles north of the city of Elko, Nevada, is one of the
highest-grade, undeveloped open pit heap leach resources in Nevada.
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It has a well-established infrastructure including
year-round accessibility by highway and county-maintained road and
nearby access to water and electricity. The Aura Project is located
32 kilometers north of the Jerritt Canyon mine, which has been in
continual operation since 1981.
The deposit is an outcropping, high-grade
sediment-hosted mineral deposit, with multiple zones of
mineralization identified by drilling in a 1.7 x 0.8 km area. The
zone of oxidation extends approximately 150 to 200 meters below
surface, while limited deep drilling has encountered unoxidized
gold mineralization at depths of over 600 meters below surface.
The Phase 1 drill program, comprised of nine large
diameter (PQ) core holes, was completed between July 26 and
September 12, 2022. The drill holes, located at eight different
drill sites, totaled 1,138 meters.
Highlights include Hole DGC794 with intersections
of 26.06 meters of 6.93 g/t gold and 12.34 meters of 4.57 g/t gold,
Hole DGC795 with an intersection of 30.94 meters of 2.07 g/t AuFA,
and Hole DGC796 with an intersection of 16.76 meters of 2.12 g/t
gold.
The Aura Project is unique in the junior mining
space insofar as resources have been identified in three different
deposits, Doby George, Gravel Creek and Wood Gulch.
The project is supported by a Mineral Resource
Technical Report dated October 2021 showing 652,271 gold equivalent
ounces in the Indicated category and 665,357 gold equivalent ounces
in the Inferred category.
Homestake Mining Company initially discovered the
Doby George deposit in the mid-1980s. Metallurgical test work
completed on oxidized material by Homestake Mining and others, has
indicated favorable metallurgy for standard cyanide heap leach
processing. Since that time, 836 drill holes have been completed,
totaling 116,355 meters of drilling. This includes 83 drill holes,
totaling 23,760 meters that were drilled between 1998 and 2022 by
Western Exploration LLC, which has a 25-year history of advancing
exploration projects in Nevada as a private company.
The company is well financed having recent raised
gross proceeds of approximately $1,140,000. The shares are trading
at $1.90.
For more information, please visit the company’s
website, www.WesternExploration.com, contact Darcy Marud, CEO, at
775-329-8119 or by email at DMarud@WesternExploration.com, or for
Investor Relations, contact Nichole Cowles, at 775-240-4172 or by
email at NicholeCowles@WesternExploration.com.
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