haas schreef op 26 maart 2010 14:12:
WRN.TO..........15KM drillen......1.78......MC141
March 26, 2010
Western Copper Initiates Drilling at Casino
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 26, 2010) - Western Copper Corporation ("Western Copper" or the "Company") (TSX:WRN) is pleased to announce commencement of a 15,000 meter diamond drilling program at its wholly owned Casino gold-copper-molybdenum project located in the Yukon.
The 2010 exploration program complements and continues last year's drilling program. The aim of the program is to expand the resource by converting in-pit waste to ore and to provide data to improve the geological model of the deposit.
The 11,000 metres drilled during 2009 indicated a significant expansion of the known area of mineralization within the currently defined pit outline as defined in the 2008 pre-feasibility study, and discovered a new molybdenum zone (see news release dated November 18, 2009).
"2010 is shaping to be a crucial year for the Casino project," said Dale Corman, Chairman & CEO of Western Copper. "At completion of the exploration program, we will update the reserve and use this information, together with expanded engineering studies, to update the pre-feasibility study. We anticipate that the exploration program will expand the reserve, lower the strip ratio and better define the technical parameters of the pit."
The Casino project is located 380 km northwest of Whitehorse, Yukon and has a NI 43-101 compliant reserve estimate containing 8 million oz of gold, 4.4 billion lb of copper, and 475 million lb of molybdenum, contained in approximately 1 billion tonnes of ore.