Western acquired the Casino Project in 2006 and the
Casino Project is the Company’s material property for the purposes
of NI 43-101. The Casino
Project is primarily a copper and gold project located in the
Whitehouse Mining District in west central Yukon, in the northwest
trending Dawson Range mountains, 300 km northwest of the
territorial capital of Whitehorse. The Casino Project is located on
Crown land administered by the Yukon government and within the
Selkirk First Nation traditional territory. The total area covered
by the Casino Quartz Claims is 14,527 ha and the total area covered
by Casino Placer Leases is 481.42 ha. All claims comprising the
Casino Project are subject to a 2.75% net smelter returns royalty
on the future sale of any metals and minerals derived therein. On
December 19, 2019, the Company announced assay results from
its 2019 exploration program on the Casino Project, which program
consisted of a total of 13,590 m of diamond drilling in 69
More details regarding the Casino Project and the
results of the Company’s feasibility study are detailed in the
independent technical report dated January 25, 2013, prepared
Conrad E. Huss, P.E., Thomas L. Drielick, P.E., Jeff Austin, P.
Eng., Gary Giroux, P. Eng., Scott Casselman, P. Geo. Graham
Greenaway, P. Eng., Michael G. Hester, FAus IMM, and Jesse Duke, P.
Geo.; each of whom is a qualified person pursuant to NI
43-101, entitled “Casino
Project, Form 43-101F1
Technical Report Feasibility Study, Yukon, Canada – Revision 1”
(the “2013 Feasibility Study”) was filed and is available on
SEDAR under the Company’s profile at www.sedar.com.
The Company also holds the Canadian Creek property,
comprised of 311 mineral claims lying directly adjacent to the
Casino Project (the “Canadian Creek Property”) in the Yukon.
The Company acquired the Canadian Creek Property on August 28,
2019 as there is a likelihood that the Casino deposit will extend
into the Canadian Creek Property.
The documents incorporated by reference herein,
including the Annual Information Form, contain further details
regarding the business of Western. See “Documents Incorporated by
Subsequent to the filing of the Annual Information
Form on March 19, 2020, the Company completed the
Election of Michael Vitton as a Director
On April 27, 2020, the Company announced that
Michael Vitton, who was at the time a strategic investor of the
Company, agreed to stand for election as director at the Company’s
annual general meeting of shareholders (the “AGM”). The AGM
was held on June 10, 2020 and Mr. Vitton was appointed as
director to the board.
May 2020 Financing
On June 1, 2020, the Company announced the
completion of the May 2020 Financing, pursuant to which the Company
issued an aggregate of 4,000,000 FT Shares at a price of $1.12 per
FT Share for aggregate gross proceeds of $4,480,000, as described
in the June 2, 2020 Material Change Report (see “Documents
Incorporated by Reference”).