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Western Exploration Files NI 43-101 Technical Report for the Aura Gold Silver Project
Reno, Nevada--(Newsfile Corp. - June 25, 2025) - Western Exploration Inc. (TSXV: WEX) (OTCQX: WEX...
About this update from Western Exploration Inc
[{"type":"text","content":"Western Exploration Files NI 43-101 Technical Report for the Aura Gold Silver ProjectReno, Nevada--(Newsfile Corp. - June 25, 2025) - Western Exploration Inc. (TSXV: WEX) (OTCQX: WEXPF) (the \"Company\" or \"Western Exploration\") has filed on SEDAR+ a technical report prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\") on the Aura Project (\"Aura\" or the \"Project\"), titled \"Preliminary Economic Assessment of the Doby George Deposits and Updated Resource Estimate for the Gravel Creek Gold-Silver Deposits, Aura Gold-Silver Project, Elko County, Nevada\" (the \"Technical Report\"). The Technical Report supports disclosures dated May 8, 2025, titled \"Western Exploration Announces Positive Preliminary Economic Assessment for the Doby George Resource at The Aura Project\" and June 23, 2025 titled \"Western Exploration Announces 54% Increase In Inferred Gravel Creek Gold Equivalent Mineral Resources\". There are no material differences in the Technical Report from the results disclosed in the May 8, 2025 and June 23, 2025 news releases.Highlights of the updated Gravel Creek MRE include:A significant increase in grades and ounces, at a 3.0g AuEq/t cutoff*, in the inferred mineral resource category, reflecting the positive contribution from the high-grade vein discovery hosted in Jarbidge rhyolite east of Gravel Creek.Increased ounces of gold in the inferred mineral resource category from 367,000 ounces Au to 571,000 ounces Au, representing a 56%* increase in ounces of gold and a 9% increase in grade of gold.Increased ounces of silver in the inferred mineral resource category from 5,307,000 ounces Ag to 9,726,000 ounces Ag, representing an 83%* increase in ounces of silver and a 28%* increase in grade of silver.Indicated gold equivalent grade, reported at a 3.0 g/t Aueq cutoff*, remained relatively constant between 2021 and 2025 with 216,000 ounces Au and 3,367,000 ounces Ag being reported in the current MRE.Highlights of the updated Doby George Heap Leach PEA include:Base Case After-tax NPV of US$70.7M and an IRR of 25.4% using a gold price of US$2,150 increasing to US$211.2M with a 62.2% IRR utilizing a US$3,000/oz gold price (see upside metal price to base case metal price comparison in Table 1)Total Life-of-Mine (\"LOM\") after-tax net cash flow of US$271.2M over...