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An announcement from Western Gold Exploration Ltd. ( (TSE:WGLD) ) is now available.
Western Gold Exploration Ltd. has successfully closed the second and final tranche of its non-brokered private placement, raising a total of CAD$1,225,050. The funds will be used for exploration drilling programs and administrative expenses. The company has commenced drilling at the Ardlochan copper gold porphyry project in Scotland, aiming to explore geophysical targets identified in recent surveys. This development marks a significant step in advancing their exploration efforts and potentially enhancing their market position in the mineral exploration industry.
More about Western Gold Exploration Ltd.
Western Gold Exploration Ltd. is a mineral exploration company listed on the TSX Venture Exchange under the symbol ‘WGLD’. The company focuses on exploring gold and critical metal deposits in Scotland, particularly in the underexplored Caledonian Appalachian terrane. Its principal focus is the Lorne Project, which includes the Lagalochan copper gold porphyry property in Argyll, Scotland, and nearby properties along the Lorne Fault Zone.
Average Trading Volume: 24,301
Technical Sentiment Signal: Hold
Current Market Cap: C$5.09M
For detailed information about WGLD stock, go to TipRanks’ Stock Analysis page.