Western Exploration Discovers New Target Zone in Wood Gulch-Gravel Creek Area
Vancouver, British Columbia – Western Exploration Inc. (TSXV: WEX, OTCQX: WEXPF) (“Western” or the “Company”), a mineral exploration company, is thrilled to announce the discovery of a major new exploration target zone in the Wood Gulch-Gravel Creek area. This new discovery is expected to accelerate the Company’s efforts to grow the Gravel Creek resource.
Expansion of Gravel Creek Resource
In 2024, Western successfully added a new, drill-tested target for resource expansion, which is only 100-meters east of the Gravel Creek resource in the Jarbidge rhyolite. The Company has now defined a significant new exploration target zone, which is approximately 1,500 meters long and 300 meters wide. This new zone has the potential to add significant value to the Company’s existing resource base.
CEO’s Comments
“We are very excited about this new discovery,”
said Darcy Marud, CEO of Western Exploration. “In 2024, we successfully added a new, drill-tested target for resource expansion only 100-meters east of the Gravel Creek resource in the Jarbidge rhyolite. This new discovery has the potential to significantly expand our resource base and increase the overall value of our project,”
Impact on Shareholders
This new discovery is a significant development for Western Exploration shareholders. The potential expansion of the Gravel Creek resource could lead to increased investor interest and potentially higher stock prices. Additionally, the success of Western’s exploration efforts in the Wood Gulch-Gravel Creek area could attract further investment and partnership opportunities.
Impact on the Mining Industry
The discovery of this new exploration target zone in the Wood Gulch-Gravel Creek area is also expected to have a positive impact on the mining industry as a whole. The success of Western’s exploration efforts could encourage other companies to invest in the region and explore for similar mineral deposits. This could lead to increased economic activity, job creation, and overall growth in the mining sector.
Next Steps
Western plans to continue its exploration efforts in the Wood Gulch-Gravel Creek area and intends to drill test the new target zone as soon as possible. The Company will provide further updates as information becomes available.
- Western Exploration discovers new exploration target zone in Wood Gulch-Gravel Creek area
- New zone is approximately 1,500 meters long and 300 meters wide
- Potential to significantly expand Gravel Creek resource
- CEO Darcy Marud expresses excitement about discovery
- Impact on shareholders: increased investor interest, higher stock prices, potential investment and partnership opportunities
- Impact on mining industry: increased economic activity, job creation, growth in the mining sector
- Next steps: continue exploration efforts, plan to drill test new target zone
Conclusion
Western Exploration’s recent discovery of a major new exploration target zone in the Wood Gulch-Gravel Creek area is a significant development for the Company and the mining industry as a whole. The potential expansion of the Gravel Creek resource could lead to increased investor interest, higher stock prices, and potential investment and partnership opportunities. Additionally, the success of Western’s exploration efforts could encourage other companies to invest in the region and explore for similar mineral deposits, leading to increased economic activity, job creation, and growth in the mining sector. Western plans to continue its exploration efforts and intends to drill test the new target zone as soon as possible.
