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Western Gold Exploration Ltd. ( (TSE:WGLD) ) just unveiled an announcement.
Western Gold Exploration Ltd. has announced a joint venture with Acrux Gold Limited to explore gold, silver, and critical minerals in central Scotland as part of the Caledonian Gold Project. This collaboration, leveraging Lorne Resources’ exploration expertise and Acrux Gold’s operational experience, aims to unlock the gold potential of the Caledonian Belt. The joint venture, Glen Lyon Limited, has applied for exploration licenses covering 500 km² adjacent to the Cononish Gold Project. Lorne Resources will hold a 90% stake in Glen Lyon, while Acrux Gold will have a 10% free carried interest during the exploration phase.
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 mineral properties in Scotland, particularly within the underexplored Caledonian-Appalachian belt, to identify gold and critical metal deposits. Its projects include the Caledonian Gold Project and the Lorne Project, which encompasses the Lagalochan copper gold porphyry property.
Average Trading Volume: 6,385
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$3.41M
For an in-depth examination of WGLD stock, go to TipRanks’ Overview page.