VANCOUVER, BC, Nov. 25, 2020 /CNW/ - Western Copper and
Gold Corporation ("Western" or the "Company") (TSX: WRN) (NYSE
American: WRN) is pleased to report that the Yukon Government and
Little Salmon/Carmacks First Nation have reached an agreement (the
"Agreement") to upgrade three bridges along the Freegold Road,
which will benefit access to the Casino Project. The Agreement
provides funding for Little Salmon/Carmacks First Nation to
effectively participate in the planning, design, regulatory
processes and construction activities of the project.
This Agreement represents the second project agreement for the
Yukon Resource Gateway Project (the "Gateway Project") on the
Freegold Road. The Gateway Project includes funding for
upgrading the initial 82 km of the existing access road to
standards required for the Casino Project and 30% funding for the
additional 126 km of new access road to the Casino site secured
through commitments from the Yukon Government and the Federal
Government.
The first project agreement on the Freegold Road was reached in
April 2019 on the initial segment of
the Freegold Road – the Carmacks Bypass. The Carmacks bypass will ensure the safety of
Carmacks residents by redirecting
industrial traffic away from the community and has recently moved
through the Environmental Assessment process and has been
recommended to proceed. Construction of the Carmacks bypass will begin following the
issuance of required permits.
Paul West-Sells, President and
CEO commented: "This Agreement is another important step forward in
the development of the Casino Project. I am pleased to see
that the Agreement enables the Little Salmon/Carmacks First Nation
to gain opportunities through potential contracting, education and
training benefits associated with the project."
Details of the Agreement, as well as the Gateway Project can be
found here:
https://yukon.ca/en/news/fifth-yukon-resource-gateway-project-agreement-reached
ABOUT WESTERN COPPER AND GOLD CORPORATION
Western Copper and Gold Corporation is developing the Casino
Project, Canada's premier
copper-gold mine in the Yukon
Territory and one of the most economic greenfield
copper-gold mining projects in the world. For more
information, visit www.westerncopperandgold.com.
On behalf of the board,
"Paul West-Sells"
Dr. Paul
West-Sells
President and CEO
Western Copper and Gold Corporation
Cautionary Disclaimer Regarding Forward-Looking Statements
and Information
This news release contains certain forward-looking statements
concerning anticipated developments in Western's operations in
future periods. Statements that are not historical fact are
"forward-looking statements" as that term is defined in
the United States Private
Securities Litigation Reform Act of 1995 and "forward looking
information" as that term is defined in National Instrument 51-102
("NI 51-102") of the Canadian Securities Administrators
(collectively, "forward-looking statements"). Certain
forward-looking information should also be considered
future-oriented financial information ("FOFI") as that term is
defined in NI 51-102. The purpose of disclosing FOFI is to provide
a general overview of management's expectations regarding the
anticipated results of operations and capital expenditures and
readers are cautioned that FOFI may not be appropriate for other
purposes. Forward-looking statements are frequently, but not
always, identified by words such as "expects", "anticipates",
"believes", "intends", "estimates", "potential", "possible" and
similar expressions, or statements that events, conditions or
results "will", "may", "could" or "should" occur or be achieved.
These forward-looking statements may include, but are not limited
to, statements regarding perceived merit of properties; mineral
reserve and resource estimates; capital expenditures; feasibility
study results (including projected economic returns, operating
costs, and capital costs in connection with the Casino Project);
exploration results at the Company's property; budgets; permitting
or other timelines; economic benefits from the mine and/or the
access road; strategic plans; market price of precious and base
metals; or other statements that are not statement of fact. The
material factors or assumptions used to develop forward-looking
statements include prevailing and projected market prices and
foreign exchange rates, exploration estimates and results,
continued availability of capital and financing, construction and
operations, the Company not experiencing unforeseen delays,
unexpected geological or other effects, equipment failures,
permitting delays, and general economic, market or business
conditions and as more specifically disclosed throughout this
document, and in the AIF and Form 40-F.
Forward-looking statements are statements about the future
and are inherently uncertain, and actual results, performance or
achievements of Western and its subsidiaries may differ materially
from any future results, performance or achievements expressed or
implied by the forward-looking statements due to a variety of
risks, uncertainties and other factors. Such risks and other
factors include, among others, risks involved in fluctuations in
gold, copper and other commodity prices and currency exchange
rates; uncertainties relating to interpretation of drill results
and the geology, continuity and grade of mineral deposits;
uncertainty of estimates of capital and operating costs, recovery
rates, production estimates and estimated economic return; risks
related to joint venture operations; risks related to cooperation
of government agencies and First Nations in the development of the
property and the issuance of required permits; risks related to the
need to obtain additional financing to develop the property and
uncertainty as to the availability and terms of future financing;
the possibility of delay in construction projects and uncertainty
of meeting anticipated program milestones; uncertainty as to timely
availability of permits and other governmental approvals; and other
risks and uncertainties disclosed in Western's AIF and Form 40-F,
and other information released by Western and filed with the
applicable regulatory agencies.
Western's forward-looking statements are based on the
beliefs, expectations and opinions of management on the date the
statements are made, and Western does not assume, and expressly
disclaims, any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise, except as otherwise required by
applicable securities legislation. For the reasons set forth above,
investors should not place undue reliance on forward-looking
statements.
SOURCE Western Copper and Gold Corporation