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Western Gold Exploration Ltd. ( (TSE:WGLD) ) has shared an update.
Western Gold Exploration has reported high-grade gold and silver results from the first tranche of rock grab and drainage sampling on its Lyon licence application, part of the Glen Lyon joint venture with Acrux Gold in Scotland. The work confirms and locally exceeds historic assays, with rock grab samples returning up to 252 g/t gold in float, 64.9 g/t in outcrop, and newly identified mineralised veins up to two metres wide in previously underexplored areas.
The company’s drainage sampling also confirmed anomalous gold in all historically sampled basins and uncovered two additional drainage basins with elevated gold, including visible gold assaying up to 4.61 g/t. These early-stage results strengthen the geological case for significant gold mineralisation in the Lyon area, support the company’s decision to maintain intensive fieldwork, and advance the Caledonian Gold Project toward future drill targeting, potentially enhancing its exploration portfolio and regional positioning.
More about Western Gold Exploration Ltd.
Western Gold Exploration Ltd. is a mineral exploration company focused on gold prospects within the Caledonian mineral belt, particularly in the Grampian Terrane of Scotland. Its primary activity is early-stage exploration, including rock and drainage sampling, to advance projects such as the Caledonian Gold Project near known deposits like Cononish and Curraghinalt.
Average Trading Volume: 16,979
Technical Sentiment Signal: Sell
Current Market Cap: C$10.62M
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