Positive Developments at the Aura Project
Western Exploration Inc. (TSXV: WEX; OTCQX: WEXPF), referred to here as the 'Company' or 'Western Exploration', is excited to share the initial assays from its 2024 core drilling program conducted in the Jarbidge rhyolite region northeast of the Gravel Creek resource area. This is part of the Company's wholly-owned Aura gold-silver project, and it marks a significant step forward in their exploration efforts.
Overview of 2024 Drilling Program
The ongoing drilling program comprises four core holes totaling an impressive 2,789 meters, alongside one additional hole aimed at further refining previous discoveries. One notable hole, identified as WG459, was strategically located 80 meters north from the Discovery Section and yielded impressive assay grades of up to 75.30 g/t Au and 3,080 g/t Ag.
Key Highlights from Drill Hole WG459
Within drill hole WG459, substantial intercepts were observed, including:
- 3.69 meters showing 22.06 g/t Au equivalent (with 16.66 g/t Au and 458.6 g/t Ag)
- 6.10 meters yielding 12.44 g/t Au equivalent (comprising 8.52 g/t Au and 333.5 g/t Ag)
Potential for Resource Expansion
The CEO of Western Exploration, Darcy Marud, expressed enthusiasm about the results of the 2024 drill program, asserting that they affirm the existence of high-grade veins extending significantly beyond previously identified areas. The ongoing efforts aim to connect these high-grade Au intercepts, indicating a growing potential for resource expansion at Gravel Creek. This discovery could allow for a broader definition of mineral resources, further underlining the attractiveness of the Aura Project.
Evidence of Rich Mineralization
Results from earlier drilling expeditions in the Miocene Jarbidge rhyolite adjacent to Gravel Creek uncovered additional high-grade Au-Ag intercepts, with notable values reported in previous drill holes, such as WG379 with 237.0 g/t Au equivalent and WG456 with 2,800.0 g/t Ag. As these intercepts have not yet been factored into resource estimates, the implications for future assessments are profound, creating a clearer pathway toward developing the mining potential of the area.
2024 Drilling Program Progress
The present drill program also includes ongoing work on hole WG462, located 160 meters north from the Discovery Section. WG459 is categorized within section 580N, having intersected multiple quartz-pyrite marcasite-bearing veins, revealing substantial intercepts that point toward an extended mineralized zone.
Planning Future Drilling Efforts
The results from drill holes WGC458, WGC460 and WGC461 are still pending, along with the active drilling of WGC462. With the discoveries from hole WG459, the Company is optimistic about the ongoing exploration strategies that seek to connect with previously identified vein intercepts over the significant area of 550 meters by 350 meters. The continued analysis of these results will facilitate the definition of an inferred resource aimed at expanding the Gravel Creek project.
About the Aura Project
The Aura Project spans over 6,000 hectares and features a distinct mineral resource estimate across three deposits: Doby George, Gravel Creek, and Wood Gulch. Following a thorough technical report prepared as per the National Instrument 43-101 regulations, the project remains well-placed to leverage established infrastructure for future development activities.
The project is readily accessible with year-round routes maintained by highways and county roads, plus vital resources such as water and power nearby. The unwavering focus of Western Exploration lies in advancing their operations at the Aura Project and establishing the Company as a key player in North America's gold and silver sectors.
Frequently Asked Questions
What are the results of the latest drilling at Aura Project?
The latest drilling results revealed high assay grades of up to 75.30 g/t Au and 3,080 g/t Ag from multiple intercepts in drill hole WG459.
What is the potential for resource expansion at the Aura Project?
The results suggest potential for resource expansion, as they confirm high-grade mineralization extending north of the previously identified Discovery Section.
How many drill holes were completed in 2024?
A total of four core holes have been completed, with one additional hole (WG462) currently in progress.
What is the significance of the Aura Project?
The Aura Project houses several unique gold and silver deposits essential for its future development, making it a focal point for Western Exploration's efforts.
Who oversees the technical aspects of the Aura Project?
Mark Hawksworth, the General Manager of the Aura Project, oversees the scientific and technical content, ensuring compliance with industry standards.
