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The latest announcement is out from Western Exploration Inc ( (TSE:WEX) ).
Western Exploration Inc. has announced the identification of a significant new exploration target zone at the Wood Gulch-Gravel Creek area, which is expected to accelerate resource growth at Gravel Creek. The newly identified Tomasina Fault Zone, spanning over 3.0 km, presents substantial resource expansion potential due to its geological similarities with existing resources and its proximity to the surface, which could reduce drilling costs. This development is part of Western Exploration’s broader strategy to enhance its resource base, with the potential to impact future operations and stakeholder interests positively.
More about Western Exploration Inc
Western Exploration Inc. operates in the mining industry, focusing on exploration and resource expansion. The company is primarily involved in identifying and developing mineral resources, with a particular emphasis on gold and silver deposits. Its market focus is on expanding its resource base to enhance its position in the mining sector.
YTD Price Performance: -13.68%
Average Trading Volume: 29,513
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$37.25M
See more data about WEX stock on TipRanks’ Stock Analysis page.