Board Change • Apr 23
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Director Chelsea Hayes was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jan 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 141% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (141% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$8.92m market cap, or US$6.50m). Anuncio • Dec 03
Western Gold Exploration Ltd. announced that it expects to receive CAD 2 million in funding Western Gold Exploration Ltd. announced a private placement of 14,814,815 common shares of the Company at a price per share of CAD 0.135 for gross proceeds of CAD 2,000,000 on December 3, 2025. The Private Placement is subject to the approval of the TSX Venture Exchange. The securities issued in connection with the Private Placement will be subject to a four-month hold period, in accordance with applicable securities laws. The Company may pay a commission or finder's fee to eligible parties in connection with the Private Placement, subject to the approval of the Exchange and compliance with applicable securities laws. Board Change • Sep 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Chelsea Hayes was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Chelsea Hayes was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Aug 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.6m free cash flow). Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (CA$5.55m market cap, or US$4.03m). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding). Anuncio • Jul 28
Western Gold Exploration Ltd., Annual General Meeting, Sep 25, 2025 Western Gold Exploration Ltd., Annual General Meeting, Sep 25, 2025. Anuncio • Apr 18
Western Gold Exploration Ltd. announced that it expects to receive CAD 1 million in funding Western Gold Exploration Ltd. announced a non-brokered private placement of up to 14,285,714 equity units at a price of CAD 0.07 per unit for the gross proceeds of CAD 999,999.98 on April 17, 2025. Each unit will be comprised of one common share of the company and one-half of one common share purchase warrant of the Company. Each whole Warrant will entitle the holder to acquire one (1) common share of the Company for a period of 18 months from the date of issuance of the Warrant, at an exercise price of CAD 0.10 per share. The private placement is subject to the approval of the TSX Venture Exchange. The securities issued in connection with the Private Placement will be subject to a four-month hold period, in accordance with applicable securities laws. The Company may pay a commission or finder's fee to eligible parties in connection with the private placement, subject to the approval of the Exchange and compliance with applicable securities laws. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.1m free cash flow). Shares are highly illiquid. Earnings have declined by 8.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.05m market cap, or US$2.12m). New Risk • Aug 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.0m free cash flow). Shares are highly illiquid. Earnings have declined by 9.4% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$4.75m market cap, or US$3.52m). Minor Risk Shareholders have been diluted in the past year (35% increase in shares outstanding). New Risk • Jul 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 98% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (98% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$6.78m market cap, or US$4.98m). Anuncio • May 16
Western Gold Exploration Ltd. announced that it expects to receive CAD 1.05 million in funding Western Gold Exploration Ltd. announced a non-brokered private placement of up to 15,000,000 common shares at an issue price of CAD 0.07 per share for the gross proceeds of CAD 1,050,000 on May 14, 2024. The Company has the option to increase the size of the Private Placement by up to an additional 2,857,143 Shares, for total gross proceeds of up to CAD 1,250,000. The Private Placement is subject to the approval of the TSX Venture Exchange. The securities issued in connection with the Private Placement will be subject to a four-month hold period, in accordance with applicable securities laws. The Company may pay a commission or finder's fee to eligible parties in connection with the Private Placement, subject to the approval of the Exchange and compliance with applicable securities laws. Anuncio • May 08
Western Gold Exploration Ltd., Annual General Meeting, Jun 27, 2024 Western Gold Exploration Ltd., Annual General Meeting, Jun 27, 2024. New Risk • Apr 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.7m free cash flow). Shares are highly illiquid. Earnings have declined by 18% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$5.01m market cap, or US$3.64m). Minor Risk Shareholders have been diluted in the past year (46% increase in shares outstanding). Anuncio • Oct 19
Western Gold Announces Commencement of Drilling on Its Lagalochan Property WESTERN GOLD EXPLORATION LTD. announced it has commenced drilling on its Lagalochan Property, near Oban in Scotland. The drilling programme will primarily test the skarn mineralisation on the western margins of the system that has never previously been drilled, extensions to the porphyry-stockwork zone at North Hill, and secondary porphyry targets to the west. Several historic drill holes from surface to > 500m depth with low grade porphyry stockwork mineralisation encountered (e.g., hole LD13-01A, 537m @ 0.18% Cu, 0.1 g/t Au, 2.6 g/t Ag, 73 ppm Mo - see disclosure in the NI 43-101 Technical Report for the Lagalochan Property). Skarn mineralisation is an important source of copper, lead, zinc and gold mineralisation worldwide and occurs where the porphyry intrudes into carbonate rocks. An outcrop in the area has indicated copper and gold mineralisation is present in skarns (with values up to 1m @ 29.4 g/t Au, 30.2 g/t Ag 0.11% Cu), encountered in rock chip sampling. The Company expects to advance the Lagalochan Property exploration work in accordance with the Technical Report recommendations. Additional exploration of the Lorne Project may include Geophysics testing, including a joint IP/Mag. survey proposed to test the subsurface expression of mineralised bodies, identifying and prioritising potential target areas, site preparation and drilling. New Risk • Sep 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 46% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 25% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$5.51m market cap, or US$4.06m). Minor Risk Shareholders have been diluted in the past year (46% increase in shares outstanding). Anuncio • Jul 26
Western Gold Exploration Ltd. announced that it expects to receive CAD 2 million in funding Western Gold Exploration Ltd. announced a non-brokered private placement of 16,666,666 common shares at an issue price of CAD 0.120 per share for gross proceeds of CAD 2,000,000 on July 25, 2023. The company has the option to increase the size of the transaction by up to an additional 2,500,000 shares, for total gross proceeds of up to CAD 300,000. The transaction is subject to the approval of the TSX Venture Exchange. The securities issued will be subject to a four-month hold period, in accordance with applicable securities laws. The company may pay a commission or finder's fee (in cash and/or finder's warrants) to eligible parties in connection with the transaction, subject to the approval of the Exchange and compliance with applicable securities laws. Board Change • Jun 06
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Stuart Olley was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • May 13
Western Gold Exploration Limited, Annual General Meeting, Jun 28, 2023 Western Gold Exploration Limited, Annual General Meeting, Jun 28, 2023. Board Change • Apr 26
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Stuart Olley was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 31
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Stuart Olley was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 24
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Stuart Olley was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Dec 31
Western Gold Exploration Limited Updates Exploration Plans Western Gold Exploration Limited announced that it plans to concentrate its exploration activities going forward on its Lagalochan copper gold porphyry property in Argyll, Scotland (the "Lagalochan Property"). On November 29, 2022, the Company filed a National Instrument 43-101 - Standards of Disclosure for Mineral Projects compliant, independent Technical Report (the "Report") on the Lagalochan Property. The Report proposes a two-phase exploration programme for the Lagalochan Property. The Company expects to advance its exploration work in accordance with the Report recommendations. Phase 1 exploration proposes to concentrate on gaining a better understanding of the deposit through completing data compilation, digitizing of historical data and through near-surface exploration of the various target types identified in the Report. This includes: Exploring for extensions of the primary hypogene copper, gold, molybdenum stockwork mineralization within the host intrusion and the surrounding metasediments; Exploring for porphyry related mineralization targets including intermediate sulphidation epithermal veins and proximal gold copper skarn mineralization. Once all the data compilation is finished and the near-surface exploration included, the depth potential of the project should be tested. The Company has completed its evaluation of its Knapdale Gold Copper Project ("Knapdale"), including the results of the 2022 drilling campaign at Knapdale. The 2022 exploration activity resulted in the Company spending £1,604,917 by July 29, 2022, thereby exceeding the initial work commitment of £1.5 million by July 29, 2022, pursuant to its prospecting agreement for Knapdale. That prospecting agreement includes a further work commitment to a cumulative £3 million by July 29, 2024. The Company's evaluation of Knapdale has concluded that the poor results to date, combined with the opportunity to develop its Lagalochan Property, does not justify any further investment in Knapdale. Consequently, the Company has terminated its prospecting agreement regarding Knapdale and will record an impairment charge on its exploration and evaluation properties of approximately $2.5 million in December 2022. Board Change • Dec 28
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Stuart Olley was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 02
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Stuart Olley was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 13
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Stuart Olley was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Aug 27
Western Gold Exploration Limited announced that it has received CAD 1.149997 million in funding On August 26, 2022, Western Gold Exploration Limited closed the transaction. The company has issued 7,666,646 units at an issue price of CAD 0.15 per unit for gross proceeds of CAD 1,149,996.90. Anuncio • Aug 17
Western Gold Exploration Limited Appoints Chelsea Hayes as Board of Director Western Gold Exploration Limited announced that Chelsea Hayes has been appointed to the board of directors of the company, effective immediately. Ms. Hayes has been working as marketing and communications advisor for over 25 years. Ms. Hayes was a Founding Director of financial PR consultancy, Pelham Public Relations, in November 2004, growing it to a 40-strong, £6 million business and advising technology, media, mining and energy companies, before merging with Bell Pottinger and then leaving the business. Since then she has been involved in founding and growing several other businesses in the UK. She holds an MBA from Henley Business School. Ms. Hayes has also been appointed to the audit committee of the company, which members now consist of Stuart Olley, Ms. Hayes and Ross McLellan. Board Change • Aug 08
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Independent Director Stuart Olley was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Anuncio • Jul 30
Western Gold Exploration Limited announced that it expects to receive CAD 1 million in funding Western Gold Exploration Limited announced a non-brokered private of 6,666,666 equity units a price of CAD 0.15 per unit for gross proceeds of CAD 1,000,000 on July 29, 2022. The company has the option to increase the size of the offering by up to an additional 1,000,000 units for total gross proceeds of up to CAD 1,150,000. Each unit will be comprised of one common share of the company and one-half of one common share purchase warrant of the company. Each whole warrant will entitle the holder to acquire one common share of the company for a period of 12 months from the date of issuance of the warrant, at an exercise price of CAD 0.25 per share. The securities issued in connection with the Private Placement will be subject to a four-month hold period. The transaction is subject to the approval of the TSX Venture Exchange. The company may pay a commission or finder's fee to eligible parties in connection with transaction, subject to the approval of the Exchange and compliance with applicable securities laws. Anuncio • Jul 29
Western Gold Announces Recent Exploration Work on Its Lagalochan Copper Gold Porphyry Project Western Gold Exploration Limited announced the results of recent exploration work at its 100% owned Lagalochan Copper Gold Porphyry Property ("Lagalochan") in Argyll, Scotland. Exploration work for Lagalochan included: Completion of an Ionic Leach soil sampling programme, confirming and extending the results of historical deep overburden (DOB) sampling. Re-evaluation of historical drill results and exploration data, including the limited evaluation drilling completed in 2018-2019 by a subsidiary of the Company (Lorne Resources Ltd.), prior to the Company acquiring such subsidiary. As a result of such exploration works, the Company notes: Several new exploration targets have been generated which it intends to follow-up on with further work. The drilling undertaken by its subsidiary (Lorne Resources Ltd.) at Lagalochan in 2018-2019 confirmed historical grades of the main quartz stockwork zone within the red feldspar porphyry achieved by other companies that drilled Lagalochan in 1984-1985. For example, the Lorne Resources holes LD18-4 intersected 530.5m @ 0.17% Cu, 0.11 g/t Au, 2.7 g/t Ag, 68 ppm Mo from 3m downhole and LD13-1a which intersected 537m @ 0.18% Cu, 0.10 g/t Au, 2.6 g/t Ag, 73 ppm Mo from 2m downhole confirmed and extended results from LD84-15, the best hole from the previous programme which intersected 292.47m @ 0.20% Cu, 0.12 g/t Au, 3.7 g/t Ag, 47 ppm Mo from 1.9m downhole and ended in mineralisation. Tabulated historical results for Lagalochan are presented in Appendix 1 below. The quartz stockwork zone at Lagalochan exhibits a strong phyllic overprint of original potassic alteration and indicates that the current bedrock surface is at a shallow erosional level just below the inferred lithocap that has subsequently been eroded away. It is believed that mineralisation in the stockwork zone is open to depth and is interpreted to lie above the inferred progenitor porphyry, which has not been intersected in historical drilling. The presence of not only porphyry copper gold mineralisation, but also gold copper skarn and intermediate sulphidation gold silver epithermal type mineralisation in outcrop in various locations proximal to the main stockwork zone. Anuncio • Jul 09
Western Gold Exploration Limited Announces Demise of Willie McLucas, Member of the Board of Directors Western Gold Exploration Limited announced that it is deeply saddened by the sudden death of Willie McLucas, a member of the Company's Board of Directors. Mr. McLucas passed away last week. Willie McLucas established his successful career as a mining financier at Waverley Mining, developing extensive knowledge of the mining industry from exploration through to production in coal, gold and base metals. His experience took him to Australia, Bolivia, Chile, France, Kazakhstan, South Africa, Turkey and Zimbabwe. After an early career as a stockbroker and fund manager, his first appointment to the board of a listed company was with Perseverance Corporation in Australia. Perseverance developed the Fosterville mine outside Bendigo in Victoria, Australia. Latterly he had been advising the Board of Western Gold Exploration on their ventures across the Dalradian Belt in Scotland and had been enthused by the potential and possibilities of their prospects. Board Change • May 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Willie McLucas was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Apr 23
Western Gold Exploration Ltd. Announces the Commencement of New Exploration Drilling Program At the Gossan Burn Copper Prospect Within Its Knapdale Project, Located in Argyll, Scotland WESTERN GOLD EXPLORATION LTD. announced the commencement of a new exploration drilling program at the Gossan Burn Copper prospect within its Knapdale Project, located in Argyll, Scotland. Gossan Burn is a new outcropping copper discovery along a trend of old copper workings from the 1860's located south of the Stronchullin orogenic gold vein system, where Western Gold carried out exploration drilling in 2021. The Company has identified the potential for Volcanogenic Massive Sulphide (VMS) mineralization of the Besshi style epitomized by the giant Windy Craggy deposit in British Columbia, Canada. These deposits are typically copper rich and occur in sedimentary turbidite sequences associated with mafic volcanics in similar geotectonic environments to the copper showings in the area. Soil anomalies using both deep overburden and ionic leach techniques have highlighted a base metal anomaly 1km in length. Outcrop is limited to the banks of the small streams in the area and copper staining is noted in places, supergene chalcocite mineralization outcrops in the vicinity of the Gossan Burn fault. Channel sampling across the zone yielded 10m @ 5% Copper including 2.5m @ 17.5 % Copper. The drill rig is a special helicopter portable light rig mounted on a rubber tracked Moorooka to minimize ground disturbance. The proposed plan for the drilling programme will be 6 diamond drill holes of 180-200m depth each, for aggregate drilling of up to 1200m, which will be used to evaluate the economic potential of the Gossan Burn prospect. Drilling will target the base metal geochemical anomalies and some deeper geophysical targets. The E-W fault at Gossan Burn will also be drill tested with the aim of investigating potential secondary remobilisation of mineralisation along this structure. The Company has engaged Priority Drilling as drilling contractors, having undertaken the drilling program at Stronchullin in 2021. Priority Drilling have consistently delivered greater than 95% core recoveries. Required planning consents have been granted and as part of the Company's enhanced health and safety guidelines, strict regulations are being applied across the site to continue to ensure full Covid compliance, including routine testing of all personnel. The Company estimates that this drilling programme will commence at the end of May with assay results due in the third quarter of 2022. Further details can be found in the Company's "NI 43-101 Technical Report, Geological Introduction to Knapdale Gold-Silver Project, Scotland" with an effective date of 12 June, 2020, which can be found on the Company's website or under the Company's SEDAR profile. Board Change • Dec 23
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Willie McLucas was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Sep 11
Western Gold Exploration Limited Reports Exploration Progress At Its Stronchullin Prospect in the Knapdale District of Argyll, Scotland Western Gold Exploration Limited provided an exploration update for its 2021 drilling program at its Stronchullin prospect, which is a sub-property located within the 3,253-hectare Knapdale Property, located in the Knapdale District of Argyll, Scotland, that the Company holds mineral mining rights and surface access rights within. This 2021 drilling program is a follow up to scout drilling completed in 2017-2018 and deep overburden (DOB) geochemical surveys undertaken in 2020. Highlights of the 2021 drilling program: Intersection in SD20-13 of 19.20 g/t gold + 1.19 g/t silver over 1.00m (true width ~0.80m) from 88.15m. The area extending north of SD20-13 for 250m towards hole SD20-12 is still regarded as a priority area for development of high-grade quartz-gold-base metal veins with the highest ranked DOB gold and base metal anomaly remaining untested. Extension of quartz-gold-base metal vein mineralisation from hole SD17-6 to hole SD20-14 was confirmed with an intersection of 12.20 g/t gold + 20.4 g/t silver accompanied by highly anomalous base metal values over 1.00m (true width ~0.80m) from 56.90m. DOB sampling defined a subdued gold-bismuth anomaly which indicates a possible continuation of the vein system for 150-200m south of SD20-14. Combined with 2017-2018 drilling, 3 out of the 4 holes completed in the southern portion of Stronchullin, SD17-6, SD20-13 and SD20-14 intersected high grade (>10g/t) gold veins and the potential strike length of the inferred contiguous mineralized vein system south from hole SD20-12 is approximately 900m. Drilling to date in the immediate vicinity of the historic Stronchullin gold mine has confirmed continuity of the lode structure over a strike length of 100m and over a 100m vertical interval, however gold and base metal mineralization is erratically developed. The results help support the Company's understanding of the Knapdale area. It now intends to review all the Stronchullin data from the current and previous campaigns, including from the recent geochemical surveys. Once this has been completed it will update shareholders with future activities. The Company expects to announce the next stage of its activity at its adjacent Gossan Burn prospects within the Knapdale Property. Drilling concentrated over a 500m strike extension of the main lode structure in the vicinity of the historic Stronchullin gold mine. Holes SD20-9, 10 and 11 intersected the main lode and footwall structures at their predicted positions although gold and base metal values were a magnitude lower than those previously intersected in holes SD17-2 and SD17-3. There is a direct relationship between base metal content and elevated gold values at the Stronchullin mine. The northern extension of the Stronchullin lode structure to the north of Stronchullin Burn as indicated by the DOB geochemical survey was also confirmed by hole SD20-11. Holes SD20-7, 8, 12, 13 and 14 were drilled along an 800m strike extension southward from the historic mining area, testing strong coincident gold-bismuth-lead DOB anomalies to confirm continuity along strike from the high grade intercept previously reported in hole SD17-3. Significant intercepts were reported in hole SD20-14 (1.00m @ 12.20 g/t Au + 20.4 g/t Ag from 56.90m) and hole SD20-13 (1.00m @ 19.20 g/t Au + 1.19 g/t Ag from 88.15m). The stratigraphy in the mine area southward to hole SD20-14 is now well defined and the sub-surface geometry of the Upper Erins Quartzite Formation and the black graphitic phyllite member of the Stronchullin Phyllite Formation are reasonably well constrained which will enable deeper drilling to more accurately target auriferous quartz veins within preferred host rocks. Anuncio • May 07
Western Gold Exploration Ltd. Announces Commencement of Its Exploration Drilling Programme At Knapdale Western Gold Exploration Ltd. announce the commencement of its exploration drilling programme at the Stronchullin prospect within its Knapdale Project, located in Argyllshire, Scotland. The current plan for this drilling programme is eight diamond drill holes of 150-200m depth each, for aggregate drilling of 1,360m, which will be used to evaluate the economic potential of the Stronchullin quartz-gold-silver-base metal veins in the vicinity of the historic gold mine. Scout drilling undertaken in 2017-2018 at Stronchullin intercepted narrow, high grade quartz-gold-silver-basemetal veins in four of the seven drillholes. Further details can be found in the Company's "NI 43-101 Technical Report, Geological Introduction to Knapdale Gold-Silver Project, Scotland" with an effective date of 12 June, 2020, which can be found on the Company's website or under the Company's SEDAR profile. Following on from the Company's 2 December, 2020 press release, deep overburden geochemical surveys undertaken by the Company defined extensive gold-arsenic-antimony anomalies, interpreted as reflecting additional zones of orogenic style quartz-gold-silver-base metal veins developed to the east of the main Stronchullin vein and along strike to the north and south of the known vein system. The current drilling programme should provide greater confidence in the continuity of the veins and structural controls on lode development. The Company has engaged Priority Drilling as drilling contractors to undertake the programme. They completed a comparable drilling programme at Stronchullin in late 2017 and have the requisite capability and equipment. Priority Drilling have consistently delivered greater than 95% core recoveries. Required planning consents have been granted and as part of the Company's enhanced health and safety guidelines, strict regulations are being applied across the site to ensure full COVID compliance, including routine testing of all personnel. The Company estimates that this drilling programme will be completed in the next eight weeks with assay results due in the third quarter of 2021. Is New 90 Day High Low • Jan 29
New 90-day low: CA$0.37 The company is down 18% from its price of CA$0.45 on 29 October 2020. The Canadian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 1.0% over the same period. Anuncio • Dec 06
Western Gold Exploration Limited announced that it expects to receive CAD 1.3 million in funding Western Gold Exploration Limited (TSXV:WGLD) announced a non-brokered private of 3,250,000 equity units a price of CAD 0.40 per unit for gross proceeds of CAD 1,300,000 on December 4, 2020. The company has the option to increase the size of the offering by up to an additional 500,000 units for total gross proceeds of up to CAD 1,500,000. Each unit will be comprised of one common share of the company and one-half of one common share purchase warrant of the company. Each whole warrant will entitle the holder to acquire one common share of the company for a period of 18 months from the date of issuance of the warrant, at an exercise price of CAD 0.75 per share. The warrants will contain an acceleration right in favor of the company that will allow the company to accelerate the time of expiry to a date that is at least twenty days following the delivery of the acceleration notice to the holders of the warrants, if at any time following the issuance of the warrants and provided that all statutory hold periods on the warrants have expired, the common shares of the company trade on the TSX Venture Exchange at a price equal to or greater than CAD 1.10 for a period of fourteen consecutive trading days. The securities issued in connection with the Private Placement will be subject to a four-month hold period. The company may finder’s fee in the transaction. The private placement subject to the approval of the exchange and compliance with applicable securities laws. Anuncio • Dec 03
Western Gold Reports Exploration Progress at its Stronchullin and Gossan Burn Prospects in the Knapdale District of Argyll, Scotland Western Gold Exploration Limited provided an exploration update for drill targeting at its Stronchullin and Gossan Burn prospects, which are sub-properties located within the 3,253 hectare Knapdale Property, located in the Knapdale District of Argyll, Scotland, which the Company holds mineral mining rights and surface access rights in. Highlights: Deep overburden geochemical sampling has delineated four new anomalous zones of potential orogenic style quartz-gold-silver vein mineralization at the Stronchullin and Gossan Burn prospects, which will be drill targets in the second quarter of 2021. Work at the Gossan Burn prospect has delineated cohesive base of till copper-lead-zinc-(gold) anomaly related to a Pyritic Schist unit coincident with a well-defined NNE-trending magnetic low, and strong IP chargeability anomalies possibly indicative of potentially better developed, base metal sulphide mineralisation at a depth of 100-300m below surface. It is planned to drill the priority anomalies in 2021. Exploration at the Knapdale Property to date has been focused on a 15km2 zone of anomalous gold-silver-copper-lead-zinc-arsenic-antimony-bismuth in drainage and rock chip geochemical samples extending south-southwest from the historic Stronchullin gold mine to the abandoned Abhainn Strathainn copper mine. Following recommendations set out in NI 43-101 Report, the Company commissioned a deep overburden, base of till sampling campaign over the mapped strike length of the Stronchullin vein system which was recently completed by BRG Geotechnical Services (Figure 2). Survey lines were orientated E-W at 100m separation and 20m sample intervals closing down to 10m in the vicinity of known veins. The survey covered the structurally favourable, sheared stratigraphic boundary between the Upper Erins Quartzite and the Stronchullin Phyllite. A total of 332 deep overburden samples were collected and assayed by ALS Geochemistry in Loughrea for gold, base metals and a comprehensive trace element suite. The main Stronchullin vein structure is defined by a cohesive arsenic anomaly with strongly mineralized segments of the veins delineated by 90-1680 ppm arsenic (Figure 3). A coincident, coherent 24-229 ppb gold anomaly outlines the mineralized portions of the Stronchullin lode structure. Several strong, coincident gold-arsenic-antimony anomalies were defined by the survey: A strong, extensive gold-arsenic-antimony anomaly extends southwest from Stronchullin Burn for approximately 500m and a cross strike width of 80m to a north trending fault zone intruded by a Tertiary dolerite dyke. Geochemical evidence from deep overburden sampling, outcropping veins and the distribution of high-grade quartz vein float indicate the presence of additional, sub-parallel auriferous vein structures 10-60m to the east of the main Stronchullin lode. The northern extension of the gold-arsenic-antimony anomaly terminates against Pleistocene marine and glacial deposits which overly the Dalradian lithological units and mineralized veins. A pronounced gold-arsenic-antimony anomaly is developed on line L07 and extends southwest to Line L08. The anomaly area is underlain by thin alluvial cover and is 150m west of the Stronchullin Phyllite boundary with the Upper Erins Quartzite. The anomaly may delineate the strike extension of auriferous shear zone hosted quartz-gold veins developed in the footwall of the main Stronchullin lode structure. The southern section of the Stronchullin lode on lines L10 and L11 is defined by a coherent gold-arsenic-antimony anomaly. Hole SD17-6 intersected the Stronchullin Phyllite – Upper Erins Quartzite boundary at 105m depth and terminated prematurely at 110m in a strong quartz-arsenopyrite-galena-stibnite stringer zone with anomalous gold-silver values indicative of proximity to a mineralized quartz vein. A strong cohesive arsenic-antimony-lead anomaly at the southern end of the Stronchullin grid on Lines L16 to L18. The anomaly is open to the south and approximately 600m NNE along strike from a strong deep overburden gold anomaly at Gossan Burn. It is planned to extend the deep overburden sampling grid in order to confirm continuity between the Stronchullin and Gossan Burn mineralised quartz vein structures. Following this the Company is planning eight diamond drill holes of 150-200m depth for an aggregate 1,355m to further evaluate the economic potential of the Stronchullin quartz-gold-base metal veins. This drilling should provide greater confidence in the continuity of the veins and structural controls on lode development. Sub-parallel auriferous quartz veins and shear zones developed in the structural footwall east of the main Stronchullin vein represent priority targets. 