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Western Copper and Gold Reports Positive Feasibility Study on Casino; Shares Up Nearly 10%

Western Copper and Gold Corporation (WRN.TO) today released the results of its definitive feasibility study on its wholly-owned Casino copper-gold-molybdenum deposit in the Yukon. This study recommends that the project be constructed as an open pit mine, with a concentrator processing nominally 120,000 tonnes per day and a gold heap leach facility processing nominally 25,000 tonnes per day. Under the Study these facilities would produce an average of 399,000 ounces of gold, 245 million pounds of copper, 15 million pounds of molybdenum, and 1.8 million ounces of silver per year during the first four years of production.

The study succeeds the pre-feasibility study dated May 17, 2011.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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