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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. #WesternCopperandGold 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.
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”.
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.