Western Exploration Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Darcy Edward Marud
- Full Time Employees
- 3
- Sector
- Basic Materials
- Industry
- Other Precious Metals
- Address
- 121 Woodland Avenue Reno NV United States of America 89523
- IPO Date
- Feb 8, 2022
- Website
- westernexploration.com
- Similar Companies
- Business
- Western Exploration Inc. is a Nevada-focused precious metals exploration and development company engaged in the acquisition, exploration, and advancement of gold and silver deposits. The company holds 100% ownership of the Aura gold-silver project in Elko County, Nevada, comprising approximately 12,848 acres across 709 unpatented lode mining claims; the project features three principal deposits including Doby George, a near-surface oxide deposit; Gravel Creek, with an updated inferred resource of 93,000 gold ounces; and Wood Gulch, a past-producing open-pit heap leach operation, collectively hosting an NI 43-101 compliant indicated resource of 610,000 ounces of gold and 3.367 million ounces of silver, plus inferred resources of 708,000 ounces of gold and 10.271 million ounces of silver. Operations target high-grade epithermal gold-silver systems, with ongoing reverse circulation and diamond drilling programs focused on the Tomasina Fault Zone and extensions of historic mineralization. Founded through a reverse takeover of Crystal Peak Minerals Inc. in December 2021 and headquartered in Vancouver, Canada, Western Exploration serves the North American precious metals market with established infrastructure including year-round highway access, nearby water, and electricity at the Aura project. The company is backed by strategic investors including Agnico Eagle Mines Ltd. and maintains a strong cash position of approximately C$3.5 million as of late 2025. Recent developments include the initiation of a fully-funded 4,000-meter 2025 drill program in August targeting the 1.3-kilometer Tomasina Fault Zone down-dip from Wood Gulch and Saddle resources; confirmation in November 2025 of a new precious metals-bearing epithermal system with intercepts such as 3.0 meters grading 7.1 g/t gold; closure of a C$5 million private placement in June 2025; filing of an updated NI 43-101 mineral resource estimate and Preliminary Economic Assessment for Doby George and Gravel Creek in June and October 2025, respectively, reflecting significant grade and ounce increases; and engagement of Stantec Consulting Services Inc. in November 2025 to prepare a Notice of Intent and Mine Plan of Operations to advance toward production. These activities position the company to expand its resource base toward targets exceeding 2 million ounces of gold and 30 million ounces of silver.
Western Exploration Provides Doby George Development Update
Western Exploration Confirms Geochemical Similarities of Gravel Creek to Other Northern Nevada High-Grade Miocene Epithermal Au-Ag Systems
Western Exploration Outlines 2026 Program to Advance Doby George Permitting and Expand Gravel Creek Resources
Western Exploration Provides Doby George Update
Western Exploration Confirms Expansion of Epithermal Mineralization West of Gravel Creek and Below the Saddle Zone
Western Exploration Drilling Confirms New Precious Metals Bearing Epithermal System at Aura Project with 3.0 Meters of 7.1 G/t Gold at Tomasina Fault Zone
Western Exploration Files Amended NI 43-101 Technical Report for the AURA Gold Silver Project
Western Exploration Commences 2025 Drill Program at the Aura Project, Nevada
Western Exploration Mobilizes for 2025 Drill Program at Wood Gulch
Western Exploration Files NI 43-101 Technical Report for the Aura Gold Silver Project
Western Exploration Announces a 54% Increase in Inferred Gravel Creek Gold Equivalent Mineral Resources
Western Exploration Announces Closing of Life Offering of Units for Gross Proceeds of C$5.0 Million
Western Exploration Announces Brokered Private Placement for Minimum Gross Proceeds of C$2.1 Million to a Maximum of C$4.4 Million
Western Exploration Announces Positive Preliminary Economic Assessment for the Doby George Resource at the Aura Project
Western Exploration Expands Exploration Footprint at Gravel Creek with 3.0 km Untested Structural Corridor at the Past Producing Wood Gulch Mine
Western Exploration Reports Extension of High-grade Mineralization at Gravel Creek
Western Exploration Reports Additional High Grade Assay Results From 2024 Drilling At Gravel Creek
Western Exploration Reports Positive Assay Results From 2024 Drilling Program at Gravel Creek
Western Exploration Announces Closing of CDN $1.7 Million Private Placement With Strategic New Shareholder
Western Exploration Reports Positive Gravel Creek Metallurgical Results, Including Gold Recovery of 94.8% to Combined Gravity and Flotation Concentrate