Northwire Canada EditionSaturday, November 14, 2026
Northwire
⌕
Gold 3,886.30 +0.0% Silver 49.12 −1.9% Copper 6.09 −1.7% Oil 88.56 −0.2% Palladium 1,007.60 +1.6% PPTA 25.29 −0.6% AIR 0.050 −9.1% PMX 0.055 +0.0% CCMC 0.340 +0.0% PPM 0.095 +0.0% BMR 0.165 +0.0% S 0.175 +0.0% STGO 1.37 −2.8% GRDM 0.180 +0.0% CRI 0.015 +0.0% CN 0.120 +0.0% BTT 0.100 −13.0% AUXX 5.07 −2.9% CLV 0.120 + VUL 0.360 −5.3% LUNR 15.66 −3.1% Gold 3,886.30 +0.0% Silver 49.12 −1.9% Copper 6.09 −1.7% Oil 88.56 −0.2% Palladium 1,007.60 +1.6% PPTA 25.29 −0.6% AIR 0.050 −9.1% PMX 0.055 +0.0% CCMC 0.340 +0.0% PPM 0.095 +0.0% BMR 0.165 +0.0% S 0.175 +0.0% STGO 1.37 −2.8% GRDM 0.180 +0.0% CRI 0.015 +0.0% CN 0.120 +0.0% BTT 0.100 −13.0% AUXX 5.07 −2.9% CLV 0.120 + VUL 0.360 −5.3% LUNR 15.66 −3.1%
Drill Results

Western Gold Provides Initial Data on Caledonian Gold Joint Venture Areas, Currently Under Application, Where Multiple High-Grade Gold Veins Have Been Recorded

WGLD · Price

Executive Summary

  • Western Gold Exploration announced further details on its newly created joint‑venture with Acrux Gold to explore the Caledonian Gold Project in central Scotland.
  • Historic exploration data highlight several high‑grade gold intercepts from surface and shallow “winky drill” samples (e.g., 7.5 m @ 4.1 g/t Au, 0.5 m @ 19.2 g/t Au, grab samples up to 383.2 g/t Au).
  • The JV has applied for two Crown Estate Mines Royal Option Agreements covering ~500 km² (Glen Orchy and Lyon areas) and secured a ~130 km² surface‑rights agreement, positioning it for near‑term exclusive exploration rights.

Key Details

  • Joint Venture Structure – Western Gold Exploration Ltd. (TSXV: WGLD) partners with Acrux Gold Limited; Acrux is the new owner of the nearby Cononish Gold Mine.
  • Historical Assay Highlights
  • Beinn Udlaidh Vein: 7.5 m @ 4.1 g/t Au (surface), 0.5 m @ 19.2 g/t Au, rock‑chip grab up to 73.2 g/t Au.
  • River Vein: Grab samples > 100 g/t Au, max 383.2 g/t Au.
  • Coire a’Ghabhalach Vein (Lyon area): 1.0 m @ 25.5 g/t Au and 2.1 m @ 15.3 g/t Au (surface).
  • Creag Sheileach: 1.0 m @ 25.46 g/t Au (surface).
  • Data Sources – Historical datasets supplied by Acrux Gold, covering public‑file information dating back to the 1980s.
  • Crown License Applications – Two Mines Royal Option Agreements filed for Glen Orchy and Lyon areas; exclusive rights expected soon as JV is sole applicant.
  • Surface‑Rights Agreement – Approximately 130 km² secured, providing immediate operational footprint for early exploration.
  • Geographic Context – Licence areas lie ~40 km NE of Western Gold’s Lorne Cu‑Au Porphyry Project (Lagalochan & Ardlochan prospects).
  • Qualified Person Review – David Pym (CGeol) acted as QP for the technical disclosure; historic data not independently verified but locations were cross‑checked.

Notable Quotes

(No direct quotes included in the release.)

Read the original news release →

More from Western Gold Exploration Ltd.