Western Gold Exploration Ltd. · TSXV:WGLD
Western Gold Exploration — Investor Presentation (March 2023)
15 slides from Western Gold Exploration's investor presentation, March 2023
Slide 1: Investor Presentation
INVESTOR PRESENTATION Exploring Scotland For Minerals Critical To A Sustainable Future
Slide 2: Disclaimer
DISCLAIMER CAUTIONARY STATEMENT This Presentation (the “Presentation”) and its contents are the property of Western Gold Exploration Ltd. (“WGLD” or the “Company”). This Presentation contains certain forward-looking statements or “forward- looking information” within the meaning of applicable securi
Slide 3: Board of Directors & Management
BOARD OF DIRECTORS & MANAGEMENT Chairman and Founder Over 30 years international experience as a Mining Executive in Canada, Ireland, UK and Australia. Harry Dobson Developer of multiple open pit and underground mines globally including Kirkland Lake Gold Inc, Rupert Resources, and Mountain Province
Slide 4: Scotland – Located on a Globally Significant Mineral Belt
SCOTLAND – LOCATED ON A GLOBALLY SIGNIFICANT MINERAL BELT UNDEREXPLORED POTENTIAL • The Appalachian Caledonide belt is a globally important mineral province stretching from Georgia, USA, through the UK and into Scandinavia/Greenland • Historic base-metal mining district (1700s to 1920s) but very lit
Slide 5: Why Western Gold?
WHY WESTERN GOLD? Experienced and innovative technical team engaged in exploring and developing exciting copper, base metal & gold projects • Backed by serial mining entrepreneurs who have funded and developed numerous successful mining projects worldwide including Kirkland Lake Gold and Rupert Reso
Slide 6: Why Copper? Why Lagalochan?
WHY COPPER? WHY LAGALOCHAN? • Copper is one of the essential elements for both existing infrastructure developments and for transitioning to a zero carbon economy • The UK’s first ever Critical Minerals Strategy (2022) aims to “accelerate growth of the UK’s domestic capabilities” and “secure, more r
Slide 7: Lagalochan Prospect - Porphyry Cu-Au-Mo Mineralisation
LAGALOCHAN PROSPECT - PORPHYRY CU-AU-MO MINERALISATION A RARE OPPORTUNITY - HIGHLY PROSPECTIVE PORPHYRY Technical Reassessment of 50 Years of Data COPPER-GOLD-MOLY SYSTEM • The Lagalochan porphyry is situated in the Kilmelford District of Argyll, Scotland; WGLD holds the entire Kilmelford Intrusive
Slide 8: Lagalochan – Newly Identified Target Areas
LAGALOCHAN – NEWLY IDENTIFIED TARGET AREAS Local geologic map showing extent of Lagalochan Porphyry system with key Target 1- Inferred progenitor exploration targets highlighted intrusion at depth • Existing host (RFP) to stockwork mineralization is pre-mineral • Intrusion causing the stockwork mine
Slide 9: Lagalochan – Known Mineralisation
LAGALOCHAN – KNOWN MINERALISATION NORTH HILL • Known Cu-Au-Mo mineralisation occurs in an ovoid shaped (450m * 250m at surface), NE-plunging, vertical pipe of quartz stockwork veining extending at least 500m vertically and remaining open in all directions • Typical grades: 0.1 - 0.3 % Cu, 0.1 - 0.2
Slide 10: Lagalochan Prospect – New Targets Identified at Surface
LAGALOCHAN PROSPECT – NEW TARGETS IDENTIFIED AT SURFACE IONIC LEACH SOIL DATA • The Company’s in-house geologists undertook an ionic leach soil sampling campaign in spring and autumn 2022 to follow on from, and improve the coverage of, historic sampling. This work, along with additionally acquired a
Slide 11: Lagalochan – Reinterpreted VTEM Highlights
LAGALOCHAN – REINTERPRETED VTEM HIGHLIGHTS • Reinterpreted VTEM geophysical survey date indicates large resistive zones occur at shallow depths beneath Dalradian country rocks and intrusive breccia systems • These resistive zones are potentially potassic altered intrusives, or country rock, indicati
Slide 12: Future Work at Lagalochan
FUTURE WORK AT LAGALOCHAN Building the data around Lagalochan • Relogging of historic core completed and updated model generated • Ionic Leach sampling completed and awaiting results Q2 2023 • Pitting at Lagalochan to improve stockwork knowledge underway Q1 and results Q2 • Evaluation of additional
Slide 13: Key Company Information
KEY COMPANY INFORMATION • Actively exploring Scotland for gold, base, and critical metals in a safe jurisdiction CAPITAL STRUCTURE Shares on Issue 34,271,351 • Backed by a group of mining entrepreneurs with multiple successes worldwide Options 1,915,000 Market Cap CAD$4.11m • Hold diverse
Slide 14: Environmental, Social & Governance
ENVIRONMENTAL, SOCIAL & GOVERNANCE Western Gold Exploration Ltd will always endeavour to uphold the following standards: • Comply with all applicable Environmental Legislation • Only use contractors with appropriate ISO Environmental Management Certifications • Minimise greenhouse gas emissions and
Slide 15: Contacts
CONTACTS For further information, please contact: Head Office The Lighthouse, St Abbs Ross McLellan | +44 7779 161441 ross@westerngoldexploration.com Suite, Heugh Road, North Berwick East Lothian, Scotland EH39 5PX www.westerngoldexploration.com 15 TSXV: WGLD
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