VANCOUVER, BC, March 24, 2022 /CNW/ - Western Copper and Gold
Corporation ("Western" or the "Company") (TSX: WRN) (NYSE American:
WRN) is pleased to announce assay results from the remaining 13
holes of the 2021 diamond drilling program at its wholly-owned
Casino Copper-Gold Project ("Casino") in the Yukon Territory, Canada. The program,
developed with input from Rio Tinto, comprised a total of
6,074.97 m in 22 holes. Highlights of
the first nine drill holes were reported in Western's Nov. 29, 2021 news release, and are included
herein. Drill assay results are shown in Table 1 and collar data in
Table 2.
Highlights
- Drilling in the deposit core area confirmed its importance to
the overall resource at Casino as shown by long intercepts of
grades higher than the average resource grades in the Leached Cap
("CAP"), Supergene ("SUP"), and Hypogene ("HYP") zones:
-
- DDH21-13 returned a 300.23 m
(length of hole) interval grading 0.70% CuEq1, including
a 21.00 m sub-interval grading 1.50%
CuEq1 within the HYP zone.
- DDH21-20 returned a 248.41 m
(length of hole) interval grading 0.58% CuEq1, including
a 21.00 m sub-interval grading 1.10%
CuEq1 in the SUP zone.
- Drilling northeast of the deposit core returned values at or
exceeding resource-grade levels.
-
- DDH21-17 returned a 300.23 m
(length of hole) interval grading 0.57% CuEq1, including
a 15.00 m sub-interval grading 1.09%
CuEq1 in SUP mineralization.
- Review of lithological and mineralogical settings for holes
DDH21-07, 21-08 and 21-09 indicate these holes were collared along
or proximal to the NW – SE trending Casino Fault.
-
- A high-grade intercept grading 2.53% CuEq1 across
65.80 m in DDH21-09 (see News Release
dated Nov 29) is hosted by brecciated
rock that consistently hosts higher-grade mineralization in the
Casino Deposit.
- Although grades from most exploration holes drilled outside of
the current deposit area were lower than average resource grades,
hole DDH21-14, collared east of the deposit, returned a
54.35 m interval grading 0.78%
CuEq1, with the majority of contained value derived from
anomalous gold and silver content.
Summary
The 2021 program was comprised of 16 holes within the Casino
deposit resource boundaries, centered on the "Deposit Core" area
(see news release dated Feb 2, 2021).
Drilling within the resource area included 5 resource confirmation
holes, 3 metallurgical testing holes, and 8 holes for geotechnical
analysis. An additional 6 exploration holes were drilled
outside of the deposit area. All holes within the deposit area
returned values that confirmed or, in some cases, improved upon
previous drilling. These positive results represent important
achievements of the 2021 program.
At Casino, higher grades are hosted mostly by intrusive breccias
and, in the Deposit Core, also by Patton Porphyry intrusive rock.
Holes DDH21-07, -08 and -09, collared east of and at a
significantly lower elevation than the deposit core, indicate that
higher grades also occur in brecciated zones east of the deposit
core. These high-grade intervals may be influenced by proximity to
the Casino Fault.
Significant CuEq values have now been established for the
various zones comprising the Casino deposit. Analysis of results
within respective zones continue to support previous drilling
results showing that the supergene enrichment zones host somewhat
higher CuEq values than the underlying hypogene zone. Significantly
higher supergene to hypogene ratios in DDH21-09 may reflect
structurally-controlled enriched mineralization along and proximal
to the Casino fault.
Table 1: Significant Results, 2021 drill program.
|
Hole
|
Zone3
|
From
(m)
|
To
(m)
|
Width2
(m)
|
Cu
(%)
|
Au
(g/t)
|
Ag
(g/t)
|
Mo
(%)
|
CuEq1
(%)
|
|
DDH21-01
|
All
|
0.50
|
352.04
|
351.54
|
0.17
|
0.21
|
0.99
|
0.027
|
0.45
|
|
Cap
|
0.50
|
57.25
|
56.75
|
0.07
|
0.15
|
0.98
|
0.035
|
0.33
|
|
SUP
|
57.25
|
177.98
|
120.73
|
0.28
|
0.26
|
1.11
|
0.038
|
0.65
|
|
HYP
|
177.98
|
352.04
|
174.06
|
0.13
|
0.20
|
0.91
|
0.017
|
0.36
|
|
DDH21-02
|
All
|
5.20
|
350.22
|
345.02
|
0.20
|
0.45
|
3.06
|
0.038
|
0.74
|
|
CAP
|
5.20
|
109.93
|
104.73
|
0.01
|
0.47
|
3.92
|
0.010
|
0.46
|
|
Including
|
88.10
|
91.10
|
3.00
|
0.00
|
5.20
|
9.23
|
0.033
|
4.36
|
|
SUP
|
109.93
|
217.61
|
107.68
|
0.34
|
0.44
|
2.35
|
0.051
|
0.91
|
|
HYP
|
217.61
|
350.22
|
132.61
|
0.24
|
0.44
|
2.96
|
0.050
|
0.82
|
|
DDH21-03
|
All
|
0.00
|
228.60
|
228.60
|
0.10
|
0.21
|
2.36
|
0.026
|
0.40
|
|
CAP
|
0.00
|
115.54
|
115.54
|
0.01
|
0.20
|
1.39
|
0.039
|
0.34
|
|
SUP
|
115.54
|
228.60
|
113.06
|
0.19
|
0.22
|
3.34
|
0.012
|
0.45
|
|
DDH21-04
|
All
|
3.05
|
350.52
|
347.47
|
0.26
|
0.55
|
4.03
|
0.031
|
0.86
|
|
CAP
|
3.05
|
115.91
|
112.86
|
0.05
|
0.61
|
3.67
|
0.020
|
0.65
|
|
S c8UP
|
115.91
|
301.41
|
185.50
|
0.39
|
0.56
|
4.87
|
0.033
|
1.01
|
|
HYP
|
301.41
|
350.52
|
49.11
|
0.23
|
0.42
|
1.66
|
0.052
|
0.80
|
|
DDH21-05
|
All
|
3.05
|
300.23
|
297.18
|
0.16
|
0.37
|
1.98
|
0.013
|
0.53
|
|
CAP
|
3.05
|
82.00
|
78.95
|
0.04
|
0.49
|
2.23
|
0.008
|
0.48
|
|
SUP
|
82.00
|
159.82
|
77.82
|
0.21
|
0.38
|
2.21
|
0.015
|
0.59
|
|
HYP
|
159.82
|
300.23
|
140.41
|
0.21
|
0.30
|
1.72
|
0.015
|
0.53
|
|
DDH21-06
|
All
|
0.00
|
324.61
|
324.61
|
0.27
|
0.45
|
2.03
|
0.026
|
0.74
|
|
CAP
|
0.00
|
39.62
|
39.62
|
0.11
|
0.19
|
0.77
|
0.007
|
0.30
|
|
SUP
|
39.62
|
73.41
|
33.79
|
0.21
|
0.34
|
1.24
|
0.015
|
0.55
|
|
HYP
|
73.41
|
324.61
|
251.20
|
0.30
|
0.50
|
2.33
|
0.030
|
0.84
|
|
Including
|
115.41
|
151.41
|
36.00
|
0.71
|
0.86
|
2.17
|
0.035
|
1.55
|
|
DDH21-07
|
All
|
18.29
|
326.14
|
307.85
|
0.42
|
0.52
|
2.14
|
0.030
|
0.98
|
|
CAP
|
18.29
|
36.58
|
18.29
|
0.05
|
0.53
|
2.82
|
0.019
|
0.58
|
|
SUP
|
36.58
|
326.14
|
289.56
|
0.45
|
0.52
|
2.10
|
0.031
|
1.01
|
|
Including
|
117.72
|
123.72
|
6.00
|
1.14
|
1.38
|
4.17
|
0.046
|
2.46
|
|
HYP
|
145.72
|
326.14
|
180.42
|
0.38
|
0.47
|
2.06
|
0.032
|
0.90
|
|
DDH21-08
|
All
|
1.52
|
256.03
|
254.51
|
0.17
|
0.22
|
1.22
|
0.005
|
0.38
|
|
CAP
|
1.52
|
18.57
|
17.05
|
0.06
|
0.12
|
1.02
|
0.004
|
0.18
|
|
HYP
|
18.57
|
256.03
|
237.46
|
0.17
|
0.21
|
1.21
|
0.005
|
0.37
|
|
DDH21-09
|
All
|
0.00
|
225.55
|
225.55
|
0.52
|
0.54
|
3.04
|
0.008
|
1.01
|
|
CAP
|
0.00
|
10.62
|
10.62
|
0.05
|
0.18
|
1.11
|
0.005
|
0.23
|
|
SUP
|
10.62
|
52.42
|
41.80
|
1.60
|
1.61
|
8.92
|
0.018
|
3.04
|
|
Including
|
10.62
|
76.42
|
65.80
|
1.32
|
1.33
|
7.09
|
0.019
|
2.53
|
|
Including
|
25.67
|
52.42
|
26.75
|
2.18
|
1.92
|
10.80
|
0.020
|
3.90
|
|
Including
|
34.67
|
35.67
|
1.00
|
3.27
|
4.20
|
112.00
|
0.018
|
7.74
|
|
HYP
|
52.42
|
225.55
|
173.13
|
0.29
|
0.30
|
1.73
|
0.006
|
0.56
|
|
DDH21-10
|
All
|
13.76
|
123.6
|
109.84
|
0.18
|
0.20
|
0.91
|
0.004
|
0.36
|
|
CAP
|
13.76
|
18.49
|
4.73
|
0.18
|
0.24
|
1.30
|
0.004
|
0.40
|
|
HYP
|
18.49
|
123.60
|
105.11
|
0.18
|
0.20
|
0.89
|
0.004
|
0.36
|
|
DDH21-11
|
All
|
1.52
|
251.46
|
249.94
|
0.17
|
0.44
|
2.44
|
0.012
|
0.59
|
|
CAP
|
1.52
|
76.52
|
75.00
|
0.04
|
0.50
|
2.89
|
0.013
|
0.52
|
|
SUP
|
76.52
|
142.52
|
66.00
|
0.24
|
0.48
|
2.04
|
0.012
|
0.69
|
|
Including
|
97.52
|
115.52
|
18.00
|
0.28
|
0.69
|
2.29
|
0.019
|
0.92
|
|
HYP
|
142.5
|
251.46
|
108.94
|
0.23
|
0.36
|
2.36
|
0.012
|
0.59
|
|
DDH21-12
|
n/a
|
162.80
|
168.80
|
6.00
|
0.09
|
0.26
|
3.70
|
0.000
|
0.34
|
|
DDH21-13
|
All
|
0.00
|
300.23
|
300.23
|
0.19
|
0.54
|
4.09
|
0.010
|
0.70
|
|
CAP
|
0.00
|
152.00
|
152.00
|
0.01
|
0.48
|
3.90
|
0.013
|
0.49
|
|
HYP
|
152.00
|
300.23
|
148.23
|
0.37
|
0.59
|
4.29
|
0.008
|
0.92
|
|
Including
|
179.00
|
200.00
|
21.00
|
0.23
|
1.51
|
5.86
|
0.005
|
1.50
|
|
Including
|
207.65
|
223.35
|
15.70
|
0.99
|
1.31
|
8.68
|
0.017
|
2.18
|
|
Including
|
216.65
|
218.79
|
2.14
|
2.29
|
5.88
|
23.90
|
0.016
|
7.26
|
|
DDH21-14
|
n/a
|
114.04
|
120.04
|
6.00
|
0.07
|
0.18
|
0.90
|
0.000
|
0.22
|
|
n/a
|
141.04
|
150.04
|
9.00
|
0.05
|
0.18
|
1.56
|
0.000
|
0.20
|
|
n/a
|
191.00
|
203.00
|
12.00
|
0.04
|
0.96
|
0.20
|
0.000
|
0.81
|
|
n/a
|
269.00
|
323.35
|
54.35
|
0.02
|
0.86
|
5.45
|
0.000
|
0.78
|
|
DDH21-15
|
All
|
4.57
|
225.55
|
220.98
|
0.19
|
0.33
|
2.36
|
0.015
|
0.54
|
|
CAP
|
4.57
|
60.62
|
56.05
|
0.09
|
0.59
|
3.00
|
0.014
|
0.64
|
|
SUP
|
60.62
|
167.59
|
106.97
|
0.25
|
0.26
|
1.93
|
0.011
|
0.52
|
|
HYP
|
167.59
|
225.55
|
57.96
|
0.18
|
0.21
|
2.54
|
0.024
|
0.46
|
|
DDH21-16
|
n/a
|
149.5
|
150.5
|
1.00
|
0.01
|
0.20
|
18.75
|
0.000
|
0.34
|
|
DDH21-17
|
All
|
0.00
|
300.23
|
300.23
|
0.24
|
0.28
|
1.38
|
0.021
|
0.57
|
|
CAP
|
0.00
|
21.00
|
21.00
|
0.15
|
0.40
|
2.12
|
0.017
|
0.56
|
|
SUP
|
21.00
|
36.00
|
15.00
|
0.51
|
0.55
|
2.49
|
0.028
|
1.09
|
|
CAP
|
36.00
|
94.00
|
58.00
|
0.14
|
0.37
|
1.88
|
0.017
|
0.53
|
|
SUP
|
94.00
|
154.00
|
60.00
|
0.46
|
0.31
|
1.18
|
0.029
|
0.84
|
|
HYP
|
154.00
|
300.23
|
146.23
|
0.18
|
0.19
|
1.04
|
0.020
|
0.42
|
|
DDH21-18
|
n/a
|
191.05
|
206.05
|
15.00
|
0.05
|
0.28
|
2.04
|
0.000
|
0.29
|
|
DDH21-19
|
n/a
|
No significant
intervals
|
|
DDH21-20
|
All
|
0.00
|
248.41
|
248.41
|
0.16
|
0.45
|
2.15
|
0.011
|
0.58
|
|
CAP
|
0.00
|
75
|
75.00
|
0.04
|
0.48
|
2.95
|
0.012
|
0.50
|
|
SUP
|
75.00
|
143.05
|
68.05
|
0.25
|
0.57
|
2.24
|
0.011
|
0.77
|
|
Including
|
101.05
|
122.05
|
21.00
|
0.33
|
0.84
|
3.04
|
0.017
|
1.10
|
|
HYP
|
143.05
|
248.41
|
105.36
|
0.19
|
0.35
|
1.53
|
0.009
|
0.52
|
|
DDH21-21
|
n/a
|
No significant
intervals
|
|
DDH21-22
|
SUP
|
13.72
|
118
|
104.28
|
0.19
|
0.16
|
0.92
|
0.007
|
0.35
|
|
1
|
CuEq Metal Prices:
US$2.75/lb copper, US$1,500/oz gold, US$11/lb molybdenum, US$18/oz
silver with no adjustment for metallurgical
recovery.
|
|
2
|
Widths are core
length, not true width of mineralized intersection
|
|
3
|
Zone refers to
oxidation zone. CAP designates material from the "Leached Cap"
zone, SUP to material from the "Supergene" zone, and HYP to
material from the hypogene zone. Oxidation zones for holes drilled
outside the main deposit area were not logged and are designated as
"n/a".
|
Table 2: Collar data, 2021 program.
|
Drill Hole
|
Easting
|
Northing
|
Elevation
(masl)
|
Azimuth
|
Inclination
|
Location
|
|
DDH21-01
|
611067
|
6958785
|
1239.2
|
225
|
-60
|
NE of Deposit
Core
|
|
DDH21-02
|
611101
|
6958375
|
1286.8
|
195
|
-60
|
Deposit
Core
|
|
DDH21-03
|
611222
|
6958506
|
1269.1
|
315
|
-60
|
E. Edge Deposit
Core
|
|
DDH21-04
|
610941
|
6958341
|
1359.0
|
35
|
-60
|
Deposit
Core
|
|
DDH21-05
|
610894
|
6958219
|
1393.1
|
240
|
-60
|
Deposit
Core
|
|
DDH21-06
|
610974
|
6958744
|
1287.6
|
215
|
-60
|
Deposit
Core
|
|
DDH21-07
|
611432
|
6958707
|
1177.1
|
170
|
-55
|
E. Edge Deposit
Core
|
|
DDH21-08
|
611522
|
6958674
|
1168.5
|
60
|
-60
|
E. Edge Deposit
Core
|
|
DDH21-09
|
611512
|
6958620
|
1161.9
|
100
|
-60
|
E. Edge Deposit
Core
|
|
DDH21-10
|
611431
|
6958530
|
1165.0
|
220
|
-45
|
E. Edge Deposit
Core
|
|
DDH21-11
|
610862
|
6958314
|
1371.5
|
240
|
-60
|
W. Edge Deposit
Core
|
|
DDH21-12
|
611202
|
6959465
|
1323.0
|
335
|
-30
|
Expl. Hole N of
Deposit
|
|
DDH21-13
|
611023
|
6958445
|
1345.5
|
140
|
-60
|
Deposit
Core
|
|
DDH21-14
|
612101
|
6958659
|
1132.1
|
225
|
-60
|
Expl. Hole E of
Deposit
|
|
DDH21-15
|
610852
|
6958652
|
1321.4
|
260
|
-60
|
NW edge, Deposit
Core
|
|
DDH21-16
|
612351
|
6958250
|
1087.0
|
215
|
-60
|
Expl. Hole SE of
Deposit
|
|
DDH21-17
|
611117
|
6958659
|
1256.5
|
55
|
-60
|
NE edge, Deposit
Core
|
|
DDH21-18
|
612702
|
6958499
|
1171.7
|
225
|
-60
|
Expl. Hole E of
Deposit
|
|
DDH21-19
|
613902
|
6954801
|
1041.8
|
315
|
-60
|
Outlying expl. Hole
to SE
|
|
DDH21-20
|
610863
|
6958312
|
1371.1
|
240
|
-60
|
Twin hole of
DDH21-11
|
|
DDH21-21
|
611707
|
6954702
|
864.7
|
135
|
-60
|
Outlying expl. Hole
to S
|
|
DDH21-22
|
611432
|
6958530
|
1164.1
|
220
|
-55
|
Twin hole of
DDH21-10
|
QUALIFIED PERSON
Carl Schulze, P.Geo. is the
qualified person responsible for the execution of the Casino
Project exploration program and the preparation of the technical
information in this news release.
QA/QC protocol, including assurance of chain of custody, has
been implemented. Core samples are evenly cut by rock saw, then
prepared and analyzed by ALS Geochemistry. Prepared samples are
initially run using a four acid digestion process and conventional
multi-element ICP-AES analysis. Additional assaying for total
copper and molybdenum is run using a 4-acid digestion – AES or AAS
method to a 0.001% detection limit. Gold assays are run using
30-gram samples by fire assay with an AA finish to a 0.005 ppm
detection limit, with samples greater than 10 ppm finished
gravimetrically. The QA/QC procedure involves regular submission of
Certified Analytical Standards and property-specific
duplicates.
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
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