Western Gold Exploration Ltd. is pleased to announce the results of its 779-line km helicopter magnetotelluric geophysics survey within the Lorne Porphyry District, Argyll, Scotland. The survey demonstrated strong depth and near-surface potential at both Lagalochan and Ardlochan prospects and identified other possible porphyry-related centres across the Company's Crown Mines Royal License. This is the first time [...]
Western Gold Exploration Ltd. is pleased to announce that it completed its previously announced non-brokered private placement for aggregate proceeds of CAD$1,243,580 . In connection with the Private Placement, 17,765,428 common shares of the Company were issued at a price of CAD$0.07 per Share. The net proceeds from the Private Placement will be used for geophysics testing relating to recent exploration work on new [...]
Western Gold Exploration Ltd. is pleased to announce that it intends to complete a non-brokered private placement of up to 15,000,000 common shares of the Company at a price of CAD$0.07 per Share for gross proceeds of up to CAD$1,050,000 . The Company has the option to increase the size of the Private Placement by up to an additional 2,857,143 Shares, for total gross proceeds of up to CAD$1,250,000. The Private Placement [...]
Western Gold Exploration Ltd. is pleased to announce the completion of its 2023-2024 drilling within the Lorne Porphyry District, Argyll, Scotland. Drilling focussed on our two main prospects, Lagalochan and Ardlochan, situated 8km apart along the same geologically prospective corridor, termed the Lorne Fault Zone . A total of 11 shallow holes were drilled, eight of which were targeting porphyry stockwork extensions and [...]
Western Gold Exploration Ltd. is pleased to announce results from the first phase of surface sampling and re-assay of historic drilling on its Ardlochan Prospect in Argyll, Scotland. The prospect lies along a prospective and largely untested geological corridor, termed the Lorne Fault Zone, which promoted mineralization within the Lorne Porphyry Complex, such as at Ardlochan and Lagalochan . The Company currently owns the [...]
Western Gold Exploration Ltd. is pleased to announce it has commenced drilling on its Lagalochan Property, near Oban in Scotland. The drilling programme will primarily test the skarn mineralisation on the western margins of the system that has never previously been drilled, extensions to the porphyry-stockwork zone at North Hill, and secondary porphyry targets to the west. Several historic drill holes from surface to [...]
Western Gold Exploration Ltd. is pleased to announce that it has closed its previously announced non-brokered private placement of common shares for gross proceeds of CAD$1,897,400.08. In connection with this closing of the Private Placement, 15,811,666 common shares of the Company were issued at a price of CAD$0.12 per Share. The securities issued in connection with the Private Placement are subject to a four-month hold [...]
Western Gold Exploration Ltd. is pleased to announce that it intends to complete a non-brokered private placement of up to 16,666,666 common shares of the Company at a price of CAD$0.12 per Share for gross proceeds of up to CAD$2,000,000 . The Company has the option to increase the size of the Private Placement by up to an additional 2,500,000 Shares, for total gross proceeds of up to CAD$300,000. The Private Placement is [...]
Western Gold Exploration Ltd. is pleased to provide a corporate update, as follows: Interim Financial statements and MD&A for the three months ended March 31, 2023 The Company's Interim Financial statements and MD&A for the three months ended March 31, 2023, were filed on SEDAR on May 18. 2023, and are available on the Company's website at www.westerngoldexploration.com. Annual General and Special Meeting of Shareholders [...]
Western Gold Exploration Ltd. is pleased to announce that it plans to concentrate its exploration activities going forward on its Lagalochan copper gold porphyry property in Argyll. On November 29, 2022, the Company filed a National Instrument 43-101 - Standards of Disclosure for Mineral Projects compliant, independent Technical Report on the Lagalochan Property. The Report proposes a two-phase exploration programme for [...]
Western Gold Exploration Ltd. is pleased to announce that it has filed a National Instrument 43-101 - Standards of Disclosure for Mineral projects compliant, independent Technical Report on its Lagalochan copper gold molybdenum porphyry prospect. The Report titled "NI 43-101 Technical Report on the Lagalochan Property" is dated 29 November 2022, with an effective date of 29 November 2022, and details the historical and [...]
Western Gold Exploration Ltd. is pleased to announce that it completed its previously announced non-brokered private placement for aggregate proceeds of CAD$1,150,000. In connection with the Private Placement, 7,666,646 equity units of the Company were issued at a price of CAD$0.15 per Unit. Each Unit is comprised of one common share of the Company and one-half of one common share purchase warrant of the Company . Each [...]
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