Western Copper and Gold Corp. (WRN:CA)

Western Copper and Gold Corporation, formerly Western Copper Corporation, is a Vancouver based exploration and development company directly engaged in advancing its billion-tonne Casino Deposit, located in the Yukon.
Casino contains:

• 8.4 million ounces of gold
• 4.4 billion pounds of copper
• 494 million pounds of molybdenum
• 61 million ounces of silver in proven & probable reserves

Western Copper and Gold is a public company and started trading on the Toronto Stock Exchange (WRN-T) in May 2006 after being spun out from Western Silver Corporation. In February 2011 Western Copper began trading on the NYSE MKT (WRN-Z)
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Properties

Western Copper and Gold holds significant gold, copper and molybdenum resources and reserves in its Casino Project located in the Yukon Territory, Canada. Casino contains 8.4 million ounces of gold, 4.4 billion pounds of copper, 494 million pounds of molybdenum and 61 million ounces of silver in proven & probable reserves. See link

Casino Property

Snapshot

Location
The Casino property is located in west central Yukon, 300 km northwest of the territorial capital of Whitehorse.



The project is located on Crown land administered by the Yukon Government and is within the Selkirk First Nation traditional territory; the Tr'ondek Hwechin First Nation traditional territory lies to the north.



The characteristic terrain consists of rounded, rolling topography with moderate to deeply incised valleys. The Yukon River flows to the west about 16 km north of the project site. Annual precipitation ranges between 300-450 mm.



Infrastructure
The site is currently accessible year-round only by air. Various route options for a year-round access road were examined and the selected one was a new, 130 km, unpaved road extending from the current Freegold Road, which meets the Klondike highway at Carmacks.



History
In 1992 Pacific Sentinel Gold Corp. acquired the property and commenced a major drilling program from 1992 to 1995. In addition, they performed a considerable amount of metallurgical, geotechnical and environmental work and completed a scoping study in 1995.



First Trimark Resources and CRS Copper Resources obtained the property and published a Qualifying Report on the property in 2003. The two firms combined to form Lumina Copper Corporation in 2004 and in the same year it updated the Qualifying Report.



Western Copper Corporation acquired Lumina Copper Corporation in November 2006. In 2011, Western Copper Corporation changed its name to Western Copper and Gold Corportation.



Geology
The deposit is weathered to an average depth of 70 m, producing a well defined leached cap ("oxide gold") zone that is relatively gold enriched and copper depleted due to supergene alteration processes. With depth, the supergene alteration erratically grades from a poorly defined supergene oxide zone (upper "copper oxide" zone) to a better-defined supergene sulphide zone (lower "copper sulphide" zone). The average thickness of the copper oxide zone and copper sulphide zone are 10 m and 60 m respectively.
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Financials

As of March 31, 2012, Western Copper and Gold has no debt and C$7.6 M in cash.
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Sustainability

Western Copper and Gold is committed to advance its pipeline of projects while operating in an environmentally responsible manner to conserve natural resources. Western Copper and Gold believes that establishing strong collaborative relationships with the nearby communities will help creating lasting benefits.