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Western Copper Announces Significant Resource Increase at Casino
Western Copper Announces Significant Resource Increase at Casino
About this update from Western Copper And Gold Corporation
[{"type":"text","content":"\nWestern Copper Announces Significant Resource Increase at Casino\n\n\n Nov. 5, 2010 (Newsfile Corp.) -- Vancouver, British Columbia--(November 5, 2010) - Near-surface Supergene Sulphide Zone increased 90% to 252 Million Tonnes (M+I)1 Measured & Indicated Supergene + Hypogene mineralization at 1.06 Billion Tonnes1 Inferred Supergene + Hypogene mineralization increased 6 times to 1.70 Billion Tonnes1 Western Copper Corporation (“Western Copper (OOTC:WCPCF) ” or the “Company”)(TSX:WRN) is pleased to announce an updated resource estimate for its wholly-owned Casino Gold-Copper-Molybdenum Project in the Yukon Territory. This new resource estimate is the first estimate to include the 26,000 metres of drilling performed by Western Copper over the past 3 years, and represents a significant update to the 2008 resource estimate. In addition to the inclusion of new drilling, this estimate incorporates a re-interpretation of the geology of the deposit, which included the re-logging of 90,000 metres of core under the direction of Jack McClintock, Consulting Geologist for Western Copper. The goal of the drilling campaign, to increase the near-surface supergene sulphide zone, was achieved. The size of this zone has increased from 133 million tonnes to 252 million tonnes at the measured and indicated level – an increase of 90% (see Table 1). Table 1: Supergene Sulphide Zone Measured & Indicated Resource Supergene Sulphide Zone (2010 Estimate)1 Class Cutoff Tonnes Copper Gold Moly Silver CuEq* Copper Gold Moly Silver CuEq (%) M % g/t % g/t % B lb M oz M lb M oz Measured 0.25% 36 0.39 0.41 0.029 2.34 0.84 0.3 0.5 23 2.7 Indicated 0.25% 216 0.24 0.22 0.019 1.72 0.50 1.1 1.5 90 11.9 Total Measured + Indicated 252 0.26 0.25 0.021 1.81 0.55 1.4 2.0 117 14.7 Supergene Sulphide Zone (2008 Estimate)2 Class Cutoff Tonnes Copper Gold Moly Silver CuEq* Copper Gold Moly Silver CuEq (%) M % g/t % g/t % B lb M oz M lb M oz Measured 0.25% 33 0.39 0.47 0.030 - 0.87 0.3 0.5 22 - Indicated 0.25% 100 0.29 0.25 0.020 - 0.56 0.6 0.8 44 - Total Measured + Indicated 133 0.31 0.31 0.020 - 0.63 0.9 1.3 59 - The additional drilling now brings the drill spacing to 100 metres throughout the majority of the deposit delineating indicated class mineralization and 50 metres through the heart of the deposit to delineate measured class minera...