VANCOUVER, BC, Dec. 16, 2021 /CNW/ - Western Copper and Gold
Corporation ("Western" or the "Company") (TSX: CWRN) (NYSE
American: WRN), through its wholly owned subsidiary Casino Mining
Corp. ("Casino"), is pleased to announce it has submitted to the
Yukon Environmental and Socio-economic Assessment Board ("YESAB")
Executive Committee an updated schedule for submission of an
Environmental and Socio-economic Effects Statement ("ESE
Statement") on its Casino project ("Project").
In the schedule, Casino indicates it expects to submit the ESE
Statement in the second quarter of 2023. The ESE Statement
submission is an important next step in the Panel Review process.
Since 2016, when the Casino project was referred to Panel Review by
the YESAB's Executive Committee, Casino has continued to advance
the Project by engaging with potentially affected First Nations,
completing a variety of Traditional Knowledge and environmental
studies, conducting a number of drill campaigns, and finalizing a
Preliminary Economic Assessment ("PEA") on the Project. The PEA
includes important refinements to many Project components,
including the tailings and waste management infrastructure, which
incorporated improvements identified by the Best Available Tailings
Technology Study ("BATT Study") completed in 2018 with
participation by First Nations, YESAB and the Yukon Government as
well as guidance from Casino's Independent Engineering Review
Panel.
Dr. Paul West-Sells, Western's
CEO, stated, "Development of the ESE Statement is an important and
exciting step in the advancement of the Casino Project. Over the
next 18 months, our team will be expanding our engagement and
consultation efforts with First Nations, regulatory agencies, and
stakeholders, and developing the ESE Statement in a way that
reflects Yukoners' values."
ABOUT WESTERN COPPER AND GOLD CORPORATION
Western Copper and Gold Corporation is developing the Casino
Project, Canada's premier
copper-gold mine in the Yukon
Territory and one of the most economic greenfield
copper-gold mining projects in the world.
The Company is committed to working collaboratively with our
First Nations and local communities to progress the Casino project
using internationally recognized responsible mining technologies
and practices.
For more information,
visit www.westerncopperandgold.com.
On behalf of the board,
"Paul West-Sells"
Dr. Paul
West-Sells
President and CEO
Western Copper and Gold Corporation
Cautionary Disclaimer Regarding Forward-Looking Statements
and Information
This news release contains certain forward-looking statements
concerning anticipated developments in Western's operations in
future periods. Statements that are not historical fact are
"forward-looking statements" as that term is defined in
the United States Private
Securities Litigation Reform Act of 1995 and "forward looking
information" as that term is defined in National Instrument 51-102
("NI 51-102") of the Canadian Securities Administrators
(collectively, "forward-looking statements"). Forward-looking
statements are frequently, but not always, identified by words such
as "expects", "anticipates", "believes", "intends", "estimates",
"potential", "possible" and similar expressions, or statements that
events, conditions or results "will", "may", "could" or "should"
occur or be achieved. These forward-looking statements may include,
but are not limited to, statements regarding perceived merit of
properties; mineral reserve and resource estimates; capital
expenditures; feasibility study results (including projected
economic returns, operating costs, and capital costs in connection
with the Casino Project); exploration results at the Company's
property; budgets; permitting or other timelines; economic benefits
from the mine and/or the access road; strategic plans; market price
of precious and base metals; or other statements that are not
statement of fact. In making the forward-looking statements herein,
the Company has applied certain material assumptions including, but
not limited to, the assumptions that the circumstances surrounding
the COVID-19 pandemic, although evolving, will stabilize or at
least not worsen; that the extent to which COVID-19 may impact the
Company, including without limitation disruptions to the mobility
of Company personnel, increased labour and transportation costs,
and other related impacts, will not change in a materially adverse
manner; that all regulatory approvals required to complete the
Company's planned exploration and development activities will be
received in a timely manner and on acceptable terms; that the
Company is able to procure personnel, equipment and supplies
required for its exploration and development activities in
sufficient quantities and on a timely basis; and that general
business conditions will not change in a materially adverse
manner.
Forward-looking statements are statements about the future
and are inherently uncertain, and actual results, performance or
achievements of Western and its subsidiaries may differ materially
from any future results, performance or achievements expressed or
implied by the forward-looking statements due to a variety of
risks, uncertainties and other factors. Such risks and other
factors include, among others, risks involved in fluctuations in
gold, copper and other commodity prices and currency exchange
rates; COVID-19 risks to employee health and safety and a slowdown
or temporary suspension of operations in geographic locations
impacted by an outbreak; uncertainties related to raising
sufficient financing in a timely manner and on acceptable terms;
and other risks and uncertainties disclosed in Western's AIF and
Form 40-F, and other information released by Western and filed with
the applicable regulatory agencies.
Western's forward-looking statements are based on the
beliefs, expectations and opinions of management on the date the
statements are made, and Western does not assume, and expressly
disclaims, any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise, except as otherwise required by
applicable securities legislation. For the reasons set forth above,
investors should not place undue reliance on forward-looking
statements.
SOURCE Western Copper and Gold Corporation