Western Exploration Reviews Extra Excessive Grade Assay Outcomes From 2024 Drilling At Gravel Creek

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Drill Outcomes as much as 0.3m @ 33.69 g/t AuEq, 1.04m @ 16.72 g/t AuEq and 0.55m @ 75.12 g/t AuEq Spotlight Additional Useful resource Growth Potential Northeast of the Present Gravel Creek Deposit

VANCOUVER, British Columbia — Western Exploration Inc. (TSXV: WEX; OTCQX: WEXPF) (the “Firm” or “Western Exploration“) is happy to announce extra assay outcomes from the 2024 core drilling program within the Jarbidge rhyolite north-east of the Gravel Creek useful resource space on the Firm’s wholly-owned Aura gold-silver undertaking (the “Aura Mission“).

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Click on to observe CEO Darcy Marud’s information abstract: Information: Extra Excessive Grade Assay Outcomes From 2024 Drilling at Gravel Creek – YouTube

Highlights from 2024 Drill Program

• 5 oriented core holes totaling 3,556 meters have been accomplished in 2024 to offset the high-grade intercepts within the Jarbidge rhyolite (“Discovery Part“) (see extra particulars within the information launch of the Firm dated January 8, 2024, entitled “Western Exploration Supplies Replace on Drilling Actions at Gravel Creek”).
• New outcomes are reported right here for holes WGC458 and WGC460, in addition to additional assays from WGC459 (see the information launch of the Firm, dated October 7, 2024, entitled “Western Exploration Reviews Constructive Assay outcomes from 2024 Drill Program at Gravel Creek”.
  • WGC458 was drilled 80 meters south on strike from the Discovery Part and reported particular person assays of as much as 22.2 g/t Au and 977.0 g/t Ag, with key intercepts together with:
    • 0.34 meters @ 33.69 g/t AuEq (22.2 g/t Au and 977 g/t Ag)
    • 0.40 meters @ 15.36 g/t AuEq (13.20 g/t Au and 184.0 g/t Ag)
    • 0.61 meters @ 13.74 g/t AuEq (12.35 g/t Au and 118.0 g/t Ag)
  • WGC459 was drilled 80 meters north on strike from the Discovery Part, (partial outcomes revealed within the information launch dated October 7 2024, entitled “Western Exploration Reviews Constructive Assay outcomes from 2024 Drill Program at Gravel Creek”). Extra outcomes embody the next intercepts:
    • 0.86m @ 10.08 g/t AuEq (9.80 g/t Au and 23.4 g/t Ag)
    • 0.31m @ 7.54 g/t AuEq (7.21 g/t Au and 27.7 g/t Ag)
  • WGC460 was drilled 80 meters north on strike from the Discovery Part and 80 meters down dip from gap WGC459, and reported particular person assays as much as 50.3 g/t Au and 2110 g/t AuEq, with key intercepts together with:
    • 1.04 meters @ 16.72 g/t AuEq (12.34 g/t Au and 372.2 g/t Ag)
    • 0.55 meters @ 75.12 g/t AuEq (50.30 g/t Au and a pair of,110 g/t Ag)

Significance of Outcomes for Useful resource Growth Potential

Western Exploration’s CEO, Darcy Marud, commented: “The 2024 drill program has intersected a number of high-grade gold-silver intercepts within the three core holes reported thus far. Intercepts are throughout the projected structural hall alongside a minimal strike size of roughly 300 meters and dip size of roughly 250 meters. Mineralization is open in all instructions and preliminary interpretation suggests the vein zones could also be widening up dip to the east. Western Exploration continues to consider that the realm NE of the Gravel Creek useful resource affords vital useful resource growth potential with excessive grade gold and silver values hosted in epithermal veins and breccia zones.”

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A number of high-grade Au-Ag vein drill intercepts peripheral to the Gravel Creek Deposit

Earlier drilling within the Miocene Jarbidge rhyolite to the northeast of the Gravel Creek deposit intersected a number of high-grade Au-Ag bearing vein intercepts, with particular person assays as much as 237.0 g/t AuEq (WG379) and 2800.0 g/t Ag (WG456). None of those Jarbidge-hosted intercepts have been included in earlier useful resource estimates. Oriented core drill outcomes from 2023 drilling recognized a north trending, reasonably west dipping vein development, with a preliminary interpretation of vein tendencies proven on the Discovery Part 500N (Determine 1).

5 oriented core holes totaling 3,556 meters have been accomplished within the 2024 Gravel Creek drill program. Holes WGC459 and WG460 have been drilled 80 meters to the north of the Discovery Part (Determine 2 and Determine 3). Gap WG458 was drilled 80 meters to the South of the Discovery Part on part 420N (Determine 2 and Determine 4). All three holes intersected quartz-pyrite marcasite-bearing veins and breccias, with a number of intercepts over 10.0 g/t AuEq. Vital assay intercepts are summarized in Desk 1 with drill gap coordinates in Desk 2. Oriented core knowledge is being interpreted and outcomes will probably be reported in future information releases.

Desk 1. Abstract of Vital Drill Intercepts in 2024 core holes WGC458, WGC459 and WGC460

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Desk 2. Coordinates for 2024 Gravel Creek Core Holes (UTM NAD 83, Zone 11)

Significance for Future Gravel Creek Exploration

Outcomes from core holes WGC458 to WGC460 affirm there are a number of vein-breccia zones with +10.00 g/t AuEq values throughout the projected structural hall within the Jarbidge rhyolite northeast of the Gravel Creek useful resource. This provides the Firm good purpose to broaden oriented core drilling into and past the 550-meter by 350-meter space that hosts a number of excessive grade AuEq intercepts in broadly spaced legacy holes. Of notice are the variety of +10.0 g/t AuEq drill intercepts intersected within the farthest E-NE drill holes, indicating the Gravel Creek system has not been closed off (Determine 5).

ABOUT THE AURA PROJECT

The 6,000-hectare Aura Mission has established mineral useful resource estimates in three completely different deposits (Doby George, Gravel Creek and Wooden Gulch), as reported within the “2021 Up to date Useful resource Estimates and Technical Report for the Aura Gold-Silver Mission, Elko County, Nevada” dated October 20, 2021 (with an efficient date of October 14, 2021) that was ready for the Firm by Mine Growth Associates (the “Technical Report“; see Desk 3 beneath). The mineral useful resource estimates within the Technical Report have been established in accordance with Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives (“NI 43-101“).

As well as, the Aura Mission has effectively established infrastructure together with year-round accessibility by freeway and county-maintained highway and close by entry to water and electrical energy (see Determine 6 beneath). Western Exploration has exploration, improvement, and mining rights on 930 hectares of privately owned land by means of a mineral lease settlement with an area landowner and should buy these payment lands at any time for the event of Doby George.

Desk 3. Mineral useful resource estimates for the Aura Mission as reported within the 2021 Technical Report

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Notes:

(1) Au equal ozassumes US$1,800 per ozAu and 70:1 ratio of Ag: Au.
(2) Pit constrained 0.2 g/t AuEq cutoff for oxide, 0.4 g/t Au cutoff for blended and 1.4 g/t Au cutoff for unoxidized.
(3) Pit constrained 0.2 g/t AuEq cutoff.
(4) 3.0 g/t Au cutoff.

About Western Exploration

Western Exploration is concentrated on advancing the 100% owned Aura Mission, positioned roughly 120 kilometers/75 miles north of town of Elko, Nevada. The Aura Mission contains three distinctive gold and silver deposits: Doby George, Gravel Creek, and Wooden Gulch. Western Exploration is comprised of an skilled group of treasured metals specialists that goal to guide the corporate to changing into North America’s premiere gold and silver improvement firm.

Extra data concerning Western Exploration and the Aura Mission might be discovered on the Firm’s web site and on SEDAR+ ( www.sedarplus.ca) below the Firm’s issuer profile.

Certified Individual Approval

The scientific and technical content material on this information launch has been reviewed and authorized by Mark Hawksworth, Basic Supervisor of the Western Exploration’s Aura Mission, who’s a “certified individual” throughout the that means of NI 43-101.

High quality Assurance – High quality Management

Drill program design, High quality Assurance/High quality Management (“QA/QC“) and the interpretation of outcomes is carried out by certified individuals using a QA/QC program in step with NI 43-101 and business finest practices.

Drill core samples have been delivered by Main Drilling to Western Exploration’s warehouse/logging facility in Mountain Metropolis and washed, photographed and logged by firm geologists. Pattern intervals have been marked and recorded. High quality management (QC) samples have been inserted at common intervals within the pattern stream with all pattern shipments, together with blanks, core duplicates and reference supplies, to observe laboratory efficiency. Core was saved within the safe Mountain Metropolis facility till transported for assay.

Drill core samples have been transported by Neilsen Exploration to ALS Chemex positioned in Sparks, Nevada, for pattern preparation and evaluation. Core was sawed on the ALS facility, with ½ ready for assay and ½ core preserved and returned to Western Exploration’s Mountain Metropolis facility. Samples have been analyzed for gold utilizing ALS CHEMEX hearth assay process Au-AA13, with over limits being analyzed by Au_GRA21. Samples have been analyzed for silver and a 40 aspect suite utilizing ALS Chemex process ME-ICP41, with over limits being analyzed by Ag_GRA21. Cut up core, all pulps and choose rejects are returned to Mountain Metropolis for safe long run storage.

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Oriented core knowledge was collected following methodology established by Oriented Concentrating on Options. Oriented Concentrating on Options compiled knowledge in Entry and accomplished the primary go interpretation using Leapfrog software program.

Please see beneath below the heading “Cautionary Be aware Relating to Ahead-Wanting Data” for additional particulars concerning the dangers dealing with Western Exploration.

For extra data on the Aura Mission, please see the Technical Report, which has been ready in accordance with the necessities of NI 43-101, a replica of which is obtainable on SEDAR+ ( www.sedarplus.ca) below Western Exploration’s issuer profile and on Western Exploration’s company web site ( www.westernexploration.com).

Cautionary Statements Relating to Estimates of Mineral Assets

This information launch makes use of the phrases measured, indicated and inferred mineral sources as a relative measure of the extent of confidence within the mineral useful resource estimate. Readers are cautioned that mineral sources are usually not mineral reserves and that the financial viability of sources that aren’t mineral reserves has not been demonstrated. The mineral useful resource estimate disclosed on this information launch could also be materially affected by geology, environmental, allowing, authorized, title, socio-political, advertising and marketing or different related points. The mineral useful resource estimate is assessed in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum’s “CIM Definition Requirements on Mineral Assets and Mineral Reserves” integrated by reference into NI 43-101. Underneath NI 43-101, estimates of inferred mineral sources might not kind the premise of feasibility or pre-feasibility research or financial research apart from preliminary financial assessments. Readers are cautioned to not assume that additional work on the acknowledged sources will result in mineral reserves that may be mined economically.

Inferred mineral sources have a large amount of uncertainty as to their existence and as as to whether they are often mined legally or economically. On October 31, 2018, the U.S. Securities and Change Fee adopted new mining disclosure guidelines (“S-Okay 1300”) which can be extra intently aligned with present business and world regulatory practices and requirements, together with NI 43-101, though there are some variations within the two requirements. Accordingly, data regarding mineral deposits contained on this launch is probably not comparable with data made public by U.S. firms that report in accordance with S-Okay 1300.

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Cautionary Be aware Relating to Ahead-Wanting Data

This information launch might include “forward-looking data” and “forward-looking statements” throughout the that means of the relevant Canadian and United States securities laws (collectively, “forward-looking statements”). These forward-looking statements, by their nature, require the Firm to make sure assumptions and contain recognized and unknown dangers and uncertainties that would trigger precise outcomes to vary materially from these expressed or implied in such forward-looking statements. Any assertion that entails predictions, expectations, interpretations, beliefs, plans, projections, aims, assumptions, future occasions or efficiency (usually, however not at all times, utilizing phrases equivalent to “expects”, or “doesn’t anticipate”, “is anticipated”, “interpreted”, “administration’s view”, “anticipates” or “doesn’t anticipate”, “plans”, “funds”, “scheduled”, “forecasts”, “estimates”, “potential”, “feasibility”, “believes” or “intends” or variations of such phrases and phrases or stating that sure actions, occasions or outcomes “might” or “may”, “would”, “would possibly” or “will” be taken to happen or be achieved) are usually not statements of historic truth and could also be forward-looking statements and are supposed to determine forward-looking statements. This information launch accommodates the forward-looking statements pertaining to, amongst different issues: the importance of the outcomes of prior drilling and drill program; the accuracy of outcomes from prior exploration actions performed on the Aura Mission; the important thing assumptions, parameters and strategies used to estimate the mineral useful resource estimate disclosed on this information launch; the prospects, if any, of the Doby George, Wooden Gulch and Gravel Creek mineral deposits; the potential to vastly broaden sources throughout the Gravel Creek mineralized system; future drilling on the Aura Mission; the importance of historic exploration actions and outcomes; the flexibility to broaden the present mineral sources on the Aura Mission. Such elements embody, amongst others, dangers referring to the flexibility of exploration actions (together with drill outcomes) to precisely predict mineralization; errors in administration’s geological modelling; the flexibility of Western Exploration to finish additional exploration actions, together with drilling; property and royalty pursuits in respect of the Aura Mission; the flexibility of the Firm to acquire required approvals; the outcomes of exploration actions; dangers referring to mining actions; the worldwide financial local weather; metallic costs; dilution; environmental dangers; and neighborhood and non-governmental actions. Though the forward-looking data contained on this information launch is predicated upon what administration believes, or believed on the time, to be cheap assumptions, Western Exploration can not guarantee shareholders and potential purchasers of securities of the Firm that precise outcomes will probably be in step with such forward-looking data, as there could also be different elements that trigger outcomes to not be as anticipated, estimated or supposed, and neither Western Exploration nor some other individual assumes accountability for the accuracy and completeness of any such forward-looking data. Western Exploration doesn’t undertake, and assumes no obligation, to replace or revise any such forward-looking statements or forward-looking data contained herein to replicate new occasions or circumstances, besides as could also be required by regulation.

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For extra data with respect to those and different elements and assumptions underlying the ahead‐trying statements and forward-looking data made on this information launch regarding Western Exploration, see the administration data round dated November 12, 2021, and the Firm’s most up-to-date annual and interim monetary statements and associated administration’s dialogue and evaluation, which can be found below Western Exploration’s issuer profile on SEDAR+ ( www.sedarplus.ca). The forward-looking statements set forth herein regarding Western Exploration replicate administration’s expectations as on the date of this information launch and are topic to vary after such date. Western Exploration disclaims any intention or obligation to replace or revise any forward-looking statements, whether or not on account of new data, future occasions or in any other case, aside from as required by regulation.

Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this information launch. No inventory alternate, securities fee or different regulatory authority has authorized or disapproved the data contained herein.

View supply model on businesswire.com: https://www.businesswire.com/information/residence/20241110586302/en/

Contacts

For extra data please contact:

Darcy Marud
Chief Govt Officer
Phone: (775) 329-8119
E mail: dmarud@westernexploration.com

Nichole Cowles
Investor Relations
Phone: (775) 240-4172
E mail: nicholecowles@westernexploration.com

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