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'In our neighborhood mines are getting permitted' - Western Copper and Gold's Paul West-Sells

Kitco News

Momentum is building in the Yukon with mines being built and projects being permitted, said Western Copper and Gold CEO Paul West-Sells.

On Wednesday West-Sells spoke to Kitco at the Vancouver Resource Investment Conference.

The company (TSX:WRN) is advancing its Casino project, a porphyry copper-gold-molybdenum deposit, in the Yukon. A year ago the company announced that number-two diversified miner, Rio Tinto, invested in the company. Rio currently has a 7.8% stake in Western.

To the west of Casino, Newmont is developing the Coffee project, which received permits earlier this year. To the north and to the west, White Gold has a large number of claims and is actively exploring. Approximately 100 km to the east, Minto Metals operates the Minto Mine, which produces copper concentrate.

"In our neighborhood mines are getting permitted so it suggests...that the Yukon over the past decade has been a pretty exciting place from an exploration perspective," said West-Sells.

Western Copper and Gold expects to announce a feasibility study in Q2 2022.

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