VANCOUVER, BC, Sept. 13,
2023 /CNW/ - Western Copper and Gold Corporation
("Western" or the "Company") (TSX: WRN) (NYSE American: WRN)
through its wholly-owned subsidiary, Casino Mining
Corporation ("Casino") has received the Revised
Environmental and Socio-economic Effects Statement Guidelines (the
"Guidelines") from the Executive Committee of the Yukon
Environmental and Socio-Economic Assessment Board ("YESAB") prior
to the deadline of September 15,
2023. The Guidelines set out the information that the
Company must provide in their Environmental and Socio-economic
Statement ("ESE Statement") submission to YESAB.
The Company is currently reviewing the Guidelines and will
prepare a schedule for submission of the ESE Statement for the
Casino Project by November 11,
2023, as required by the Yukon Environmental and
Socio-economic Assessment Act.
"We are pleased to receive the Guidelines, and appreciate the
efforts made by the team at YESAB, and all participants in the
Casino Project assessment process," said Paul West-Sells, President and CEO. "This is an
important step in moving the project forward in a way that
reflects Yukoners values."
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.
The Company is committed to working collaboratively with our
First Nations and local communities to progress the
Casino project, using internationally recognized
responsible mining technologies and practices.
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: mineral resource and reserve
estimation; mine plan and operations; internal rate of return;
sensitivities; net present value; potential recoveries; design
parameters; economic potential; processing mineralized material;
the potential of robust economics at Casino;
advancing the Project through additional engineering and towards
the next step in permitting and submission of an environmental
and socio-economic effects statement; key changes to
the TMF design; increases to the gold recovery in the
heap leach; potential economic returns from the Project; estimated
initial capital investment costs; estimated operating costs;
estimated mining costs; development of the airstrip and all weather
access road; anticipated concentrate handling service charges;
developing and operating the Project in a safe, ethical and
socially-responsible manner; plans for further development and
securing the required permits and licenses for further studies to
consider operation; 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