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Western Exploration Inc ( (TSE:WEX) ) just unveiled an update.
Western Exploration reported new drilling results from four reverse circulation holes at the Tomasina target, about one kilometer west of the Gravel Creek resource at its Aura gold-silver project in Nevada, confirming an extensive epithermal hydrothermal alteration system extending at least 300 meters below the Saddle Zone. The program intersected notable gold and silver grades, including 1.52 meters grading 3.24 g/t gold and 71.1 g/t silver within a broader 19.81-meter mineralized interval in hole WG468, and 1.52 meters of 4.68 g/t gold and 10.0 g/t silver within 15.24 meters in hole WG471, contributing to multiple +3.0 g/t gold intercepts now traced along a 1.5-kilometer segment of the 2.5-kilometer Tomasina structural corridor. Management said the 2025 drill results justify further exploration, with follow-up drilling to be prioritized in untested high-potential areas such as the 500-meter GAP Zone and the Hammer Head target, as near-term work is focused on zones with the greatest potential for resource expansion and broader definition of the project’s 7.0-by-2.4-kilometer epithermal footprint.
The most recent analyst rating on (TSE:WEX) stock is a Hold with a C$0.61 price target. To see the full list of analyst forecasts on Western Exploration Inc stock, see the TSE:WEX Stock Forecast page.
Spark’s Take on TSE:WEX Stock
According to Spark, TipRanks’ AI Analyst, TSE:WEX is a Neutral.
The score is driven primarily by weak financial performance (pre-revenue profile, recurring losses, and persistent negative operating/free cash flow) despite the positive of zero debt. Technicals add pressure with price below key moving averages and negative MACD, and valuation is constrained by a negative P/E and no dividend yield support.
To see Spark’s full report on TSE:WEX stock, click here.
More about Western Exploration Inc
Western Exploration Inc. is a mineral exploration company focused on advancing its wholly owned Aura gold-silver project in Elko County, Nevada. The company targets epithermal gold and silver deposits, including the Gravel Creek, Saddle, Wood Gulch and Hammer Head areas, with the aim of expanding resources along key structural trends on the property.
Average Trading Volume: 55,038
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$32.6M
Learn more about WEX stock on TipRanks’ Stock Analysis page.