Western Gold Completes Drilling at First Target and Reports High Grade Surface Sampling Results for Caledonian Gold Project
Western’s surface sampling validates targeting ahead of critical October diamond assay results for its project.
Western Gold Exploration Ltd. has completed the first phase of its maiden diamond drilling campaign at the Caledonian Gold Project in Scotland, specifically targeting the Coire a'Ghabhalach (CaG) vein. Four diamond drill holes totaling 667m were completed at the CaG target. High-grade polymetallic intercepts from channel and backpack drilling at CaG were reported, with gold grades ranging up to 12.95 g/t Au, accompanied by zinc and lead. Diamond drill assay results for the CaG target are expected in October 2026.
Drilling has commenced at the second target, Creag Sheileach. The project is held through a Glen Lyon Joint Venture, with Western Gold holding a 90% interest and Acrux Gold holding 10%.
Western Gold Exploration Ltd. (WGLD) released a routine operational update following the commencement of its maiden drilling campaign in June 2026 and a subsequent progress report in August. The company expects surface sampling results to validate targeting efforts ahead of critical diamond drill assays.
The update introduces no new material information or unexpected catalysts, as the market has already priced in the drilling campaign and the expectation of October assays. The completion of the first target and the move to the second represents standard exploration progression.
Western Gold Exploration Ltd. is a Canadian exploration company focused on the Caledonian Gold Project in central Scotland and the Lorne Cu-Au Porphyry Project. The Caledonian project is held through a 90/10 Joint Venture with Acrux Gold, which owns the nearby Cononish mine, Scotland's only producing gold/silver mine.
The company has applied for Crown Estate Mines Royal Option Agreements covering approximately 500 square kilometers in the Glen Orchy and Lyon areas. Exploration has focused on high-grade gold veins and polymetallic breccia pipes, with historical and recent surface sampling returning grades up to 383.2 g/t Au. The company is in the early exploration stage with no revenue and a going concern flag.