Western Gold Exploration Ltd. · TSXV:WGLD
Western Gold Exploration — Investor Presentation (May 2024)
20 slides from Western Gold Exploration's investor presentation, May 2024
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 Involved in the development of companies including Kirkland Lake Gold Inc, Rupert Resources, and Mountain Province CEO and Director Ros
Slide 4: Why Western Gold? Exploring And Developing Copper, Base Metal, And Gold Projects
WHY WESTERN GOLD? – Exploring And Developing Copper, Base Metal, And Gold Projects ❖ Backed by serial mining entrepreneurs who have funded and developed numerous successful mining projects worldwide including Kirkland Lake Gold and Rupert Resources ❖ WGLD is the most active exploration company in Sc
Slide 5: Why Copper? Why the Lorne Porphyry District?
WHY COPPER? WHY THE LORNE PORPHYRY DISTRICT? ❖ Copper is essential for transitioning to a zero-carbon economy, and existing infrastructure developments ❖ Porphyry systems are the worlds largest natural supplier of copper*1; new, safe jurisdiction resources are desperately needed ❖ Copper is on the w
Slide 6: Scotland – Located on a Globally Significant Mineral Belt
SCOTLAND – LOCATED ON A GLOBALLY SIGNIFICANT MINERAL BELT UNDEREXPLORED POTENTIAL ❖ Located in a globally important mineral province, the Caledonian belt, linking the UK with USA and Scandinavia/Greenland ❖ Very little modern exploration, despite promising setting • Initial works conducted over 40 y
Slide 7: Porphyry Cu-Au-Mo Mineralisation in the Lorne District
PORPHYRY CU-AU-MO MINERALISATION IN THE LORNE DISTRICT A RARE OPPORTUNITY - HIGHLY PROSPECTIVE PORPHYRY COPPER-GOLD-MOLY SYSTEM Technical Reassessment of 50 Years of Data ❖ Situated in Argyll, Scotland, WGLD holds a dominant land position over the Lorne Porphyry Complex which includes both Lagalocha
Slide 8: Lagalochan Porphyry Centre
LAGALOCHAN PORPHYRY CENTRE NORTH HILL A A’ ❖ Known Cu-Au stockwork mineralisation extends over 500m vertically and remains open in all directions ❖ Grades vary between 0.1 - 0.3 % Cu and 0.1 - 0.2 g/t Au, for example: • 537m @ 0.18% Cu, 0.1 g/t Au, 2.58 g/t Ag (from 2m, hole LD13-01A) • 530.5m @ 0.1
Slide 9: Lagalochan – New Target Areas
LAGALOCHAN – NEW TARGET AREAS Target 1 - Possible ‘Source’ Intrusion at Local geologic map showing extent of Lagalochan Porphyry system with key exploration Depth targets highlighted ❖ Re-logging North Hill core has identified copper bearing black porphyry dykes which may point to a more fertile sou
Slide 10: Lagalochan – New Reinterpreted VTEM Targets
LAGALOCHAN – NEW REINTERPRETED VTEM TARGETS B B’ ❖ Potential untested Cu-Au mineralisation at depth, identified from resistive zones in reinterpreted VTEM geophysics • These may indicate areas of primary porphyry style alteration or mineralised country rocks ❖ Cu-Au-Mo mineralised dykes occur at sur
Slide 11: Lagalochan 2023-2024 Drilling
LAGALOCHAN 2023-2024 DRILLING ❖ Our 2023-2024 WGLD drilling campaign focused on targeting new mineralisation zones in ground largely untested by diamond drilling ❖ Eight angled diamond drill holes with a total length of 1207m were completed at Lagalochan ❖ Drilling has extended the footprint of porp
Slide 12: Lagalochan 2023-2024 Drilling – Results
LAGALOCHAN 2023-2024 DRILLING – RESULTS ❖ High-grade gold veining has been intercepted in hole WGLD001 (200m) and remains open along strike. • 1.3m @ 20.8 g/t Au, from 109m and 1.0m @ 8.49 g/t Au, from 52m. ❖ An extension to the North Hill copper-gold stockwork zone has been intercepted in hole WGLD
Slide 13: Ardlochan Porphyry Centre
ARDLOCHAN PORPHYRY CENTRE ❖ Geologically linked with our Lagalochan Prospect only 8km along strike via a regional scale fault zone ❖ Very limited historic exploration: • 1972 - Noranda Exploration Ltd. & Phelps Dodge Ltd. Joint Venture (JV) • 1977 – British Geological Survey (BGS) • Drainage survey
Slide 14: Ardlochan – WGLD Exploration
ARDLOCHAN – WGLD EXPLORATION ❖ A total of 201 in-situ rock-chip, backpack core drill and pitting samples, along with over 500 soil samples, were collected by WGLD during an intensive field campaign ❖ Porphyry and epithermal style mineralisation is encountered throughout the area. The best samples we
Slide 15: Ardlochan 2023-2024 Drilling – Results
ARDLOCHAN 2023-2024 DRILLING – RESULTS ❖ WGLD009 targeted and intercepted a gold-bearing porphyry-breccia unit observed at surfaced and a flow banded, locally brecciated, grey porphyry. • A broad interval returned gold grades of 47.4m @ 0.38g/t Au from 31.8m downhole. • The porphyry-breccia contains
Slide 16: Next Steps - Geophysics
NEXT STEPS - GEOPHYSICS The Company plans to conduct a series of geophysical surveys in 2024 to better understand and target the scale potential of the Lorne Project. ❖ Drilling at Lagalochan shows mineralisation extending to more than 600m below surface at North Hill. Drilling at Lagalochan West in
Slide 17: Summary
SUMMARY ❖ WGLD has recently completed c. 1420m of diamond drilling at our Lagalochan and Ardlochan prospects in our wholly controlled Lorne Porphyry District • Drilling at Lagalochan linked stockwork zones across 800m strike length (compile main points) • Drilling at Ardlochan demonstrated a new por
Slide 18: Key Company Information and Capital Structure
KEY COMPANY INFORMATION ❖ Actively exploring for gold, base, and critical metals in a safe CAPITAL STRUCTURE jurisdiction Shares on Issue 50,083,017 common ❖ Backed by a group of mining entrepreneurs with multiple successes shares worldwide Options 2,577,500 at $0.29 sh. ❖ Hold diverse mineral p
Slide 19: 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 20: 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 Rupert Williams | +44 7717 578865 rupert@sc-capital.co.uk www.westerngoldexploration.
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