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Western Exploration reports exceptional drill results at Aura Project in Nevada including 26.06 meters of 6.93 g/t gold

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Western Exploration’s (TSXV:WEX) (OTCQX:WEXPF) reports exceptional drill results at Aura Project in Nevada including 26.06 meters of 6.93 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.

Additional Information:

Company: Western Exploration
Website: www.westernexploration.com
Stock Symbol: TSXV:WEX
Date Published: Jan 17, 2023
Transcript: Available

Video Transcript:

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.

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.

Darcy Marud, CEO, has joined us today to discuss today’s news and the company’s plans for 2023.
Welcome Darcy….pause….thank you Darcy

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.

Drill holes DGC794 and DGC795 were drilled in the Twilight zone, which accounts for limited overall tonnage, but locally exceptional gold grades.

Both holes showed positive AuFA grade distribution when compared to the resource block model contained in the Technical Report which is available on Sedar.

Hole DGC796 was drilled in the West Ridge Deposit to test the deepest portion of the deposit in an area modeled as mixed to unoxidized mineralization.

There is good correlation with distribution of fire assay gold grades relative to the block model.

Hole DGC797 was drilled to verify an isolated high-grade intercept located in the NE part of the West Ridge Deposit.

The hole intersected only one narrow zone of +1.0 g/t Au mineralization and is the only hole from the 2022 drill program that did not confirm block model grades.

This area will be re-evaluated with future drilling, as it lies on a major structural trend.

This table shows the results previously reported in October and December 2022.

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, 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.