Western Copper and Gold (TSX:WRN,NYSE:WRN)
is currently sitting on a resource that’s composed of 21 million ounces of gold and 11 billion pounds of copper. Western Copper and Gold CEO Paul West-Sells views this as a significant endowment for the company, its shareholders, for Canada, and a significant talent for the Yukon.
“We’ve got 21 million ounces of gold and 11 billion pounds of copper in our overall resource at Casino. Very significant from both copper and gold perspective. So, we’re Western copper and gold for a good reason. And that’s where the value is in the ground,” said West-Sells.
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Western Copper and Gold Corporation (TSX:WRN,NYSE:WRN)
is focused on developing the Casino project, Canada’s premier copper–gold project.
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In June 2021, the company announced a positive preliminary economic assessment at its wholly-owned Casino copper-gold-molybdenum deposit in the Yukon. Western Copper and Gold will conduct a
feasibility study
on Casino which is targeted to be completed by the 2nd quarter of 2022.
“The other big push for us is to get the permitting going. We now have money in the bank, and we just hired a VP of Permitting to move the project. More importantly, we now have Rio Tinto as a strategic investor, which was the last piece that was really missing. This is a big project. A lot of ounces, a lot of pounds, a lot of upfront capital to get those out of the ground.”
Western Copper and Gold completed the brokered private placement for aggregate gross proceeds of
$8,010,000
which will be used to fund “Canadian exploration expenses” and “flow-through mining expenditures”.
Watch the full interview of Western Copper and Gold CEO Paul West-Sells above.
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Western Copper and Gold (TSX:WRN,NYSE:WRN)
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Western Copper and Gold
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The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with
Western Copper and Gold
and seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.
