Commodities
Western Gold Commences Maiden Drilling Programme at the Caledonian Gold Project
North Berwick, Scotland--(Newsfile Corp. - June 29, 2026) - WESTERN GOLD EXPLORATION LTD. (TSXV: WGLD) (the "Company") is pleased to announce the commencement of its maiden diamond drilling programme at the Caledonian Gold Project. The project is held through the Glen Lyon Joint Venture (the "JV"), a joint venture between the Company, which holds a 90% interest, and Acrux Gold which holds a 10% interest and owns the Cononish mine, Scotland's only producing gold and silver mine. Drilling is...
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North Berwick, Scotland--(Newsfile Corp. - June 29, 2026) - WESTERN GOLD EXPLORATION LTD. (TSXV: WGLD) (the "Company") is pleased to announce the commencement of its maiden diamond drilling programme at the Caledonian Gold Project. The project is held through the Glen Lyon Joint Venture (the "JV"), a joint venture between the Company, which holds a 90% interest, and Acrux Gold which holds a 10% interest and owns the Cononish mine, Scotland's only producing gold and silver mine. Drilling is initially focused on the Lyon licence application, targeting high-priority prospects identified through the Company's systematic exploration programme. "The surface grades found across the Caledonian Gold Project point to the same structurally controlled high-grade gold mineralisation that drives the neighbouring Cononish mine," said Harry Dobson, Chairman. "The Lyon area targets have never seen a drill bit. This programme is our first opportunity to test that potential below surface." Programme Overview The initial programme is planned to comprise a minimum of 8 diamond drill holes totalling at least 1,500m, targeting the highest-priority prospects identified within the Lyon licence area (Figure 1). All holes will be drilled using NQ3 diameter core, with equipment mobilised by helicopter given the steep and remote terrane. The programme is being conducted by Mineral Exploration Drilling Ltd., an experienced diamond drilling contractor. Initial core logging and assay results are anticipated in late Q3 2026, with full programme results expected through Q4 2026. Drilling will focus on three prospects - Creag Sheileach, Coire a'Ghabhalach, and Chruitein Vein - each hosting high-grade gold-bearing, structurally controlled quartz-sulphide vein mineralisation of a similar nature to the adjacent Cononish gold-silver mine*. None of the three prospects has previously been tested by diamond drilling. At Creag Sheileach, grab sampling has returned up to 38.6 g/t Au** (see the Company's press release dated 30 March 2026), with mineralisation defined over at least 300m of strike. At Coire a'Ghabhalach, grab sampling has returned up to 61.7 g/t Au** (see the Company's press release dated 29 April 2026), with veining traced over at least 180m of strike. Chruitein Vein has been mapped to up to 10m true width, with grab sampling returning up to 36 g/t Au* and 2,760 g/t Ag** (see t...
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