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New Listing: Western Gold Exploration (TSXV:WGLD)

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Western Gold is engaged in the exploration and development of its prospective mineral properties located in Argyll County in western Scotland, with a focus on gold and copper exploration and development.

Additional Information:

Company: Western Gold Exploration
Website: http://www.WesternGoldExploration.com,
Stock Symbol: TSXV: WGLD
Date Published: Nov 3, 2020
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Western Gold Exploration is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “WGLD”, following its qualifying transaction with Capital Pool Company Cassowary Capital.

Western Gold is engaged in the exploration and development of its prospective mineral properties located in Argyll County in western Scotland, with a focus on gold and copper exploration and development.

Harry Dobson, Executive Chairman, stated: “This is an exciting development for Western Gold Exploration, as it continues to assess the potential of the Stronchullin prospect and surrounding areas. The team is looking forward to exploring Scotland’s Dalradian rock formations further, to establish a better understanding of the mineral deposits located throughout the belt.”

Throughout history, gold has been discovered across Ireland and Scotland with the most significant deposits found within the Dalradian Supergroup, which management considers is highly prospective for orogenic vein hosted gold mineralisation.

The company’s Knapdale gold-silver project occurs in the Dalradian Supergroup.

The company is currently focussing its activity at the Stronchullin Mine, which is located within the Knapdale property, approximately 70 kilometers west of Glasgow.

Gold concentrations in lead-rich sulphide ore was documented at the long-since abandoned mines of Stronchullin, which were last in use in the early 1900’s.

A NI 43-101 Technical Report states that dumps of spoil material, which are estimated to consist of about 2000 tonnes of mainly vein material, are still present at Stronchullin.

Western Gold plans to target the historic mines and gold occurrences in this area in order to develop an initial resource estimate.

The company is well funded having recent raised $1.7 million from a non-brokered private placement.

The shares are trading at $0.40.

For more information, please visit the company’s website www.WesternGoldExploration.com, contact Ross McLellan, CEO, at +44 1620 890159 or email info@WesternGoldExploration.com.

I’m Megan Edwards for Investmentpitch Media