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Western Exploration Confirms Geochemical Similarities of Gravel Creek to Other Northern Nevada High-Grade Miocene Epithermal Au-Ag Systems
Paradigm Capital initiates coverage on Western Exploration Vancouver, British Columbia--(Newsfile Corp. - April 21, 2026) - Western Exploration Inc. (TSXV:
About this update from Western Exploration Inc
[{"type":"text","content":" Paradigm Capital initiates coverage on Western Exploration Vancouver, British Columbia--(Newsfile Corp. - April 21, 2026) - Western Exploration Inc. (TSXV: WEX) (OTCQX: WEXPF) (the \"Company\" or \"Western Exploration\") is pleased to announce results of an ALS-GoldSPOT geochemical-spectral analysis of drill core from the Jarbidge Vein Zone discovery and Gravel Creek deposit, at the Company's wholly owned Aura gold-silver project (the \"Aura Project\"). HIGHLIGHTS: Very strong correlations (88-94%) between Ag and Se-Au-As-Sb- which is the same classic elemental signature that defines high-grade Miocene volcanic-hosted low sulfidation epithermal gold-silver systems across the northern Great Basin, including Midas and Sleeper. Long Wave Infrared scanning (LWIR) identified two dominant near-vein alteration assemblages: At Gravel Creek: illite-rich clays, indicating the depositing fluids were close to neutral in pH. At Jarbidge: montmorillonite-kaolinite clays, indicating slightly acidic ph conditions. Of significance, no secondary K-feldspar (adularia) was noted in either the Gravel Creek or Jarbidge zones, confirming the lack adularia or epithermal boiling textures noted in core holes. Western Exploration CEO, Darcy Marud, commented: \"This study has given Western Exploration multiple priority target areas that warrant drilling for resource expansion and generative discovery, with the objective of expanding the global WG-GC resource to 1.5M oz Au and 30.0M oz Ag.\" Mr. Marud went on to add: \"It also gives us further confirmation that the Wood Gulch-Gravel Creek gold-silver system belongs to the same elite family of highly prospective, Miocene volcanic hosted Great Basin deposits including: Midas, Sleeper and Delamar in age, alteration and geochemistry. Locally there are +10.0 g/t Au values over more than a kilometer of vertical range in the system. This expands exploration possibilities within the Wood Gulch-Gravel Creek (WG-GC) epithermal system, which has a surface footprint at least 2.5 x 4.0 km in size.\" Summary of ALS GoldSpot Core Analyses Samples were analyzed from 350 meters of core, which included mutiple vein intercepts in 5 core holes in the Jarbidge Vein discovery area (WGC458-WGC462), as well as from one hole through the main Gravel Creek deposit (WG443) for comparison. All samples were analyzed with the ALS MS-61L...