TSX Venture: WGLD
NORTH BERWICK, Scotland, May 6,
2021 /CNW/ - WESTERN GOLD EXPLORATION LTD.
(TSXV: WGLD) (the "Company") is pleased to announce the
commencement of its exploration drilling programme at the
Stronchullin prospect within its Knapdale Project, located in
Argyllshire, Scotland.
Harry Dobson, Chairman of the
Board, commented: "The Company is pleased to be commencing
diamond drilling at Stronchullin, following the encouraging results
from last year's geochemical surveys".
The current plan for this drilling programme is eight diamond
drill holes of 150-200m depth each,
for aggregate drilling of 1360m,
which will be used to evaluate the economic potential of the
Stronchullin quartz-gold-silver-base metal veins in the vicinity of
the historic gold mine. Scout drilling undertaken in 2017-2018 at
Stronchullin intercepted narrow, high grade
quartz-gold-silver-basemetal veins in four of the seven drillholes.
Selected assay results (down hole intercepts) include:
- Drillhole SD17-1: 13.70 g/t Au and 5.21 g/t Ag over
0.50m from 4.00m depth.
- Drillhole SD17-2: 13.30 g/t Au and 32.0 g/t Ag over
1.05m from 66.75m depth.
- Drillhole SD17-3: 41.80 g/t Au and 262.0 g/t Ag over
0.55m from 31.70m depth.
- Drillhole SE17-6: 9.52 g/t Au and 3.86 g/t Ag over 0.90m from 44.40m
depth.
Further details can be found in the Company's "NI 43-101
Technical Report, Geological Introduction to Knapdale Gold-Silver
Project, Scotland" with an
effective date of 12 June, 2020,
which can be found on the Company's website or under the Company's
SEDAR profile.
Following on from the Company's 2
December, 2020 press release, deep overburden geochemical
surveys undertaken by the Company defined extensive
gold-arsenic-antimony anomalies, interpreted as reflecting
additional zones of orogenic style quartz-gold-silver-base metal
veins developed to the east of the main Stronchullin vein and along
strike to the north and south of the known vein system. The current
drilling programme should provide greater confidence in the
continuity of the veins and structural controls on lode
development.
The Company has engaged Priority Drilling as drilling
contractors to undertake the programme. They completed a
comparable drilling programme at Stronchullin in late 2017 and have
the requisite capability and equipment. Priority Drilling have
consistently delivered greater than 95% core recoveries.
Required planning consents have been granted and as part of
the Company's enhanced health and safety guidelines, strict
regulations are being applied across the site to ensure full COVID
compliance, including routine testing of all personnel.
The Company estimates that this drilling programme will be
completed in the next eight weeks with assay results due in the
third quarter of 2021.
About Western Gold Exploration
The Company is a mineral exploration company that is listed on
the TSX Venture Exchange under the symbol "WGLD". The Company is
focused on the exploration of mineral properties in Western Scotland and discovering new
opportunities in the Dalradian Belt, targeting historic gold-silver
and copper-lead mines in the belt with the potential to develop a
mineral resource. Prospects include the Stronchullin mine, Gossan
Burn and Allt Dearg which are all located in the Knapdale Project
area.
Additional information about the Company is available on SEDAR
at www.sedar.com under the Company's profile.
Qualified Person, Quality Assurance and Quality
Control
Mr. Patrick Waters, Consultant
Professional Geologist is the Qualified Person as defined by
National Instruction 43-101, responsible for the accuracy of
scientific and technical information in this news release.
All analytical work has been completed at the ALS Geochemistry
laboratory facility in Loughrea, Ireland. ALS Geochemistry is an
internationally accredited lab and are ISO compliant (ISO
9001:2008, ISO/IEC 17025:2005). All drill core, rock chip and
channel samples are prepared using the PREP 31B method and analyzed for gold using the
Au-AA23 procedure (30gm fire assay with AAS finish: Lower Detection
Limit - 0.005ppm gold; Upper Detection Limit – 10ppm gold). Any
samples that returned over-limit values (>10ppm gold) were
analyzed by the Au-AA25 Fire Assay procedure (0.01-100ppm gold).
All drill core, rock chip and channel samples are analyzed for
silver, base metals and a comprehensive trace element suite using
the ME-MS61L™ method following a four-acid digest. Commercially
available OREAS Certified Reference Materials and Blanks are
routinely inserted into sample dispatches every 25 samples. ALS
Geochemistry also utilizes in-house QA/QC protocol using standards,
blanks and duplicates.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS
This news release includes certain "forward-looking
statements" under applicable Canadian securities legislation.
Forward looking statements include, but are not limited to,
statements with respect to those that address potential quantity
and/or grade of minerals, potential for minerals and/or mineral
resources, timing and plans for any exploratory drilling and
statements regarding the plans, intentions, beliefs, and current
expectations of the Company with respect to the future business
activities and operating performance of the Company that may be
described herein. Forward-looking statements consist of statements
that are not purely historical, including any statements regarding
beliefs, plans, expectations, or intentions regarding the future.
Such information can generally be identified by the use of
forwarding-looking wording such as "may", "expect", "estimate",
"anticipate", "intend", "believe" and "continue" or the negative
thereof or similar variations. Readers are cautioned not to place
undue reliance on forward-looking statements, as there can be no
assurance that the plans, intentions or expectations upon which
they are based will occur.
By their nature, forward-looking statements involve numerous
assumptions, known and unknown risks and uncertainties, both
general and specific, that contribute to the possibility that the
predictions, estimates, forecasts, projections and other
forward-looking statements will not occur. These assumptions, risks
and uncertainties include, among other things, the state of the
economy in general and capital markets in particular, as well as
those risk factors discussed or referred to in the Company's
Management's Discussion and Analysis for the year ended
December 31, 2020 available at
www.sedar.com, many of which are beyond the control of the Company.
Forward-looking statements contained in this press release are
expressly qualified by this cautionary statement.
The forward-looking statements contained in this press
release are made as of the date of this press release. Except as
required by law, the Company disclaims any intention and assumes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
Additionally, the Company undertakes no obligation to comment on
the expectations of, or statements made by, third parties in
respect of the matters discussed above.
Neither the TSX Venture Exchange nor its Regulation
Service Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Western Gold Exploration Ltd