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Western Copper and Gold Secures $29 Million Investment for Casino Project in Yukon

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Rich Mining Potential

The Casino property in the Whitehorse mining district boasts a wealth of resources, with 1,136 quartz claims and 55 placer claims secured under the Yukon Quartz Mining Act. Back in mid-2019, Western Copper expanded its holdings by acquiring the Canadian Creek property to the west, enhancing their footprint in the region.

Precious Metals Galore

Western Copper’s Casino project is a treasure trove, with measured and indicated resources suitable for milling containing 2.3 million tonnes of 0.15% copper, 0.18 g/t gold, 0.016% molybdenum, and 1.4 g/t silver. This translates to a whopping 7.4 million lb. of copper and 12.9 million oz. of gold. Additionally, the inferred resource for the mill includes 1.3 million tonnes with 0.10% copper, 0.14 g/t gold, 0.009% molybdenum, and 1.1 g/t silver.

Heap Leaching Potential

Furthermore, the project hosts material suitable for heap leaching, including 2.5 million tonnes in the measured and indicated category with grades of 0.14% copper, 0.18 g/t gold, and 1.5 g/t silver, equivalent to 7.6 million lb. of copper, 14.8 million oz. of gold, and 117.2 g/t of silver. The inferred leachable resource consists of 1.4 million tonnes grading 0.10% copper, 0.14 g/t gold, and 1.5 g/t silver.

Feasibility and Community

A feasibility study in 2021 outlined plans for an open pit, a 120,000 t/d concentrator, and a 25,000 t/d heap leach facility, indicating a robust operational strategy moving forward. Moreover, the project respectfully intersects with the Traditional Territories of several First Nations, recognizing the importance of community engagement and cooperation in the mining sector.

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