Western Exploration Inc. is Nevada-focused precious metals exploration company, aiming to be a premier gold and silver development company in North America. The Company was born out of a 25-year history of advancing exploration projects in Nevada as a private company. Its principal asset is the Aura gold-silver project, located in Elko County, Nevada, approximately 120 kilometers/75 miles north of the city of Elko, Nevada.
Western Exploration Inc. is a billboard sponsor of Streetwise Reports and paid a fee for this company profile page.
Please refer to the important disclosures below for additional details.
Western Exploration Inc. (WEX:TSX.V; WEXPF:OTC) announces that the United States Forest Service has accepted the company's Notice of Intent (NOI) to submit a Mine Plan of Operations (MPO) for the Doby George deposit at its Aura Project in Nevada. Read why one expert believes the company has "strong potential" for resource expansion.
Western Exploration Inc. (WEX:TSX.V; WEXPF:OTC) has announced that the United States Forest Service has approved the company's Notice of Intent (NOI) to file a Mine Plan of Operations (MPO) for the Doby George deposit at its Aura Project in Nevada. Discover why one expert believes the company has "strong potential" for expanding its resources.
Western Exploration Inc. (WEX:TSX.V; WEXPF:OTC) has announced the results from four additional drill holes in the Tomasina target, situated approximately 1 kilometer west of Gravel Creek at the company's fully owned Aura gold-silver project in Nevada. Discover why experts are enthusiastic about this exploration company.
Western Exploration Inc. (WEX:TSX.V; WEXPF:OTC) releases results from four more holes drilled in the Tomasina target, located about 1 kilometer west of Gravel Creek at the company's wholly owned Aura gold-silver project in Nevada. Read why experts like this explorer.
Western Exploration Inc. (WEX:TSX.V; WEXPF:OTC) announced results from the first five reverse circulation (RC) drill holes targeting a section of the Tomasina area at the company's fully owned Aura gold-silver project in Nevada. Find out why one newsletter author really likes this company.
Western Exploration Inc. (WEX:TSX.V; WEXPF:OTC) has initiated the permitting process for its Aura Gold-Silver Project by engaging Stantec to prepare the Mine Plan of Operations. The milestone advances the Doby George deposit toward potential development and follows strong economic results outlined in the company's recent PEA.
Western Exploration Inc. (WEX:TSX.V; WEXPF:OTC) updates on the Phase 1 reverse circulation (RC) drilling program at the Tomasina Vein Zone target at its wholly owned Aura gold-silver project, according to an October 30 release.
Western Exploration Inc. (WEX:TSX.V; WEXPF:OTC) is targeting 2,000,000 ounces (2 Moz) of gold and 30 Moz of silver in its next resource update, noted a Paradigm Capital report.
Gold has surged past US$3,500 as central banks move away from treasuries, signaling an accelerating monetary reset, according to one expert. Read why she thinks in this situation, "gold is essential."
Western Exploration Inc. (WEX:TSX.V; WEXPF:OTC) announces the start of its fully funded 2025 drilling campaign at the high-grade Aura Project located in Elko County, Nevada. Find out why experts are optimistic about what the company will find.
Western Exploration Inc. (WEX:TSX.V; WEXPF:OTC) announced the deployment of teams and equipment to its wholly owned flagship Aura Project near Elko, Nevada. Read why experts like this explorer.
Western Exploration Inc. (WEX:TSX.V; WEXPF:OTC) submits a National Instrument 43-101 technical report for its preliminary economic assessment (PEA) of the Doby George Deposit and its updated mineral resource estimate (MRE) for the Gravel Creek gold-silver deposit at its 100%-owned Aura project in Nevada. One newsletter writer compares the project to a legendary historical Nevada mine known as Midas.
Western Exploration Inc.'s (WEX:TSX.V; WEXPF:OTC) significant expansion of the Gravel Creek resource supports a more extensive drill program aimed at infill drilling and resource expansion. Two experts are bullish on this stock; read on to discover why.
Western Exploration Inc.'s (WEX:TSX.V; WEXPF:OTC) Darcy Marud asserts the company is working to expand the resource and lower the capex of its Aura project in Nevada. Read two experts' takes on the PEA and the asset's potential.
Western Exploration Inc. (WEX:TSX.V; WEXPF:OTC) announces results from its preliminary economic assessment (PEA) for its flagship Doby George resource at its Aura gold-silver project in Nevada. Read why the company has caught the attention of several experts in the sector.
This 3-kilometer structural corridor could expand the project's current resource of 1,320,000 ounces of gold equivalent. Read on to learn why now is the time to invest in mining juniors, like this one.
Western Exploration Inc.'s (WEX:TSX.V; WEXPF:OTC) President and Chief Executive Officer Darcy Marud talks upcoming catalysts for the company in 2025 with The Gold Advisor's Jeff Clark. Read why Marud thinks investors will find some pleasant surprises.
These findings from the explorer's flagship project in Nevada are notable for high grades and extension of known gold-silver mineralization. Read on to learn more about this emerging takeout target.
It is expected that this company significantly will expand the existing resource at its gold-silver project in Nevada, noted a Fundamental Research Corp. report.
Western Exploration Inc. (WEX:TSX.V; WEXPF:OTC) announces more high-grade results from its drilling program at its fully owned Aura gold-silver project in Nevada. Find out why one analyst thinks the company is aligned for M&A attention.
Western Exploration Inc. (WEX:TSX.V; WEXPF:OTC) announced initial assay results from its 2024 core drilling program at its fully owned Aura gold-silver project in Nevada. One analyst says the news should move the company's stock.
Western Exploration Inc. (WEX:TSX.V; WEXPF:OTC) announced that metallurgical testing on composite samples collected from its wholly-owned Aura gold and silver project in Nevada indicate recoveries of 94.8% for gold and 89.8% for silver. One analyst predicts the stock is on track for a bull market.
Western Exploration Inc. (WEX:TSX.V; WEXPF:OTC) announced a non-brokered private placement of CA$1.7 million from a new strategic investor from Texas, just as the gold bull market is starting to gather steam.
To move away from the U.S. dollar, developing countries and investors continue flocking to gold. This, in combination with certain economic factors, could be the perfect catalyst for a long gold bull market, one expert says.
Jeff Clark of thegoldavisor.com and the new Paydirt Prospector newsletter shares his thoughts on the recent moves in the gold and silver markets. Find out some of the stocks he personally owns.
Western Exploration Inc. (WEX:TSX.V; WEXPF:OTC) has started its 2024 drilling program at its wholly-owned Aura gold and silver project in Nevada. Find out why one expert's money is "on this team and their prospects."
Western Exploration Inc. has announced details for its proposed 2024 resource expansion drilling at its wholly owned Aura gold and silver project in Nevada. Find out why one analyst says the stock would be good to own going into an emerging gold bull market.
After being bullish on silver for at least the last year, asset manager Chen Lin feels a little vindicated by the precious metal's recent two-year high.
Western Exploration Inc. takes stock of 2023 and looks forward to plans for 2024 at its Aura gold and silver project in Nevada, which one analyst called "one of the most attractive mining jurisdictions in the world."
This gold company is exploring its 100%-owned project in Nevada, which one analyst called "one of the most attractive mining jurisdictions in the world.
The silver price is poised to advance, experts purport, and each of a handful of expected catalysts should spur it higher. Read what they are and about some mining companies that would benefit.
This morning, Western Exploration Inc. shared a promising update on its drilling at its Gravel Creek property. Read on to see these results and what the company has planned for the new year.
This gold and silver company's chief executive officer is updating shareholders on its flagship gold and silver project in Nevada, which one analyst called "one of the most attractive mining jurisdictions in the world."
This company has started an induced polarization geophysics program at its project in Nevada, hoping to grow its high-grade gold and silver resource there.
Technical Analyst Clive Maund takes a look at Western Exploration Inc.'s 5-month chart to explain why he believes it shouldn't take much to see increased demand for this gold stock.
This gold explorer will use data from surface exploration work at its flagship project in Nevada to help target its drilling as it develops three different deposits on the site.
Junior explorer Western Exploration Inc. releases more "amazing" drill results from its Aura gold project in northern Nevada, one investment manager says.
"With a growing number of +3 g/t gold intercepts across wide-spaced drilling, Western Exploration Inc. is continuing to progress along its two-pronged strategy of advancing its Doby George open-pit project toward production and then using the revenues from that production to advance Gravel Creek and its associated resources toward production in a nondilutive manner. The company remains a Buy."
Jeff Valks, TheGoldAdvisor.com
(1/28/26)
"Western Exploration Inc. just crossed one of those important lines that development stories live or die by. . .the U.S. Forest Service has accepted its Notice of Intent to submit a Mine Plan of Operations for the Doby George deposit at the Aura project. . .the permitting process has officially begun."
Jeff Valks, TheGoldAdvisor.com
(1/28/26)
"Western Exploration Inc. just crossed one of those important lines that development stories live or die by. . .the U.S. Forest Service has accepted its Notice of Intent to submit a Mine Plan of Operations for the Doby George deposit at the Aura project. . .the permitting process has officially begun."
Jeff Valks, TheGoldAdvisor.com
(1/23/26)
"It's been a strong month for Western Exploration Inc., rebounding off six-month lows with a 55% increase. . .with funding in place and a clear focus on advancing [Aura], the stock is a Buy."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(1/20/26)
"Western Exploration Inc. is another stock that jumped recently on no news. The key driver, I heard, is the recent promotion."
Jeff Valks, TheGoldAdvisor.com
(1/6/26)
"Western Exploration Inc.'s price is up over 7% as I write, roughly 10% YTD. This makes the stock a Strong Buy and importantly, [it] is one that hasn't yet left the station."
"Western Exploration Inc. completed nine reverse circulation holes totaling 3,239m in the first phase of drilling at the Tomasina vein zone, part of its Aura gold-silver project. . .with assays pending, the company plans to resume drilling after permitting is extended to test additional targets downdip of Saddle and Wood Gulch, offering strong potential for resource expansion."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(11/18/25)
"Western Exploration Inc. released a significant new discovery; [there was] no response from the market due to the correction. The company has a lot of news coming."
Jeff Clark, TheGoldAdvisor.com
(11/17/25)
"What's significant about Western Exploration Inc.'s drill results today is they show Tomasina's geology is the same as Gravel Creek's. This is very positive. It means Tomasina is a precious metals-bearing system and management's model is working."
"Western Exploration Inc. completed nine reverse circulation holes totaling 3,239m in the first phase of drilling at the Tomasina vein zone, part of its Aura gold-silver project. . .the work confirmed widespread alteration and local quartz sulfide veining along the 2.5-km structural corridor west of the Gravel Creek deposit, indicating a robust hydrothermal system."
Jeff Clark, TheGoldAdvisor.com
(11/6/25)
"Western Exploration Inc. engaged Stantec Consulting Services of Elko, Nev., to start work on the notice of intent and mine plan of operation for the Doby George deposit, part of the Aura gold-silver project. This marks a key advancement for the company: Doby George will now officially advance toward permitting and development readiness."
Jeff Clark, TheGoldAdvisor.com
(11/5/25)
"Western Exploration Inc.'s share price is down 28% from its September high, what should be seen as a clear buying opportunity for a first tranche. . .I remain overweight the stock and view it as a likely long-term hold, as the company moves toward development of one project and continues drilling out another, with news on both fronts straight ahead."
Don Maclean, Paradigm Capital
(9/17/25)
"We have been following Western Exploration Inc. for some time now and are impressed by the progress the company has made in the past year unlocking Nevada's emerging high-grade epithermal potential. . .Western Exploration offers leveraged exposure to a district-scale Nevada gold-silver growth story."
Jeff Clark, TheGoldAdvisor.com
(9/5/25)
"Western Exploration Inc. has only 52.5M shares outstanding, a total of 72M fully diluted; this is a remarkably low share count for a company with an established resource coming from two deposits. It means the stock can run hard once it gains more attention and investors scramble for shares."
"Earlier this month, Western Exploration Inc. began a 4,000m reverse circulation drilling program on its Aura gold project. . .first assays from this program are due out soon and could provide a lift to the company's share price. For Aura's established, 1.5 Moz gold equivalent resource and its exploration upside, Western Exploration remains a Buy."
Jeff Clark, TheGoldAdvisor.com
(8/25/25)
"Western Exploration Inc. is deeply undervalued. It's hard to find a high-quality company that hasn't run up yet this year; Western Exploration offers the chance to get in while the stock is still cheap."
Jeff Clark, TheGoldAdvisor.com
(8/5/25)
"Western Exploration Inc.'s drill program at Aura will continue through Q3/25, and assays are expected to start coming out in late August-early September. Stay tuned, this could be exciting. . . this program could easily expand the resource, the basis of our investment."
"Western Exploration Inc. has launched a 4,000m drill program on its Aura project's Wood Gulch target. . .undervalued relative just to that existing resource, much less the project's significant expansion potential, the company is a good value, and a Buy, at current trading levels."
Jeff Clark, TheGoldAdvisor.com
(6/30/25)
"It's time to take a stake in Western Exploration Inc. . .in my view, the company has a real shot of outlining 2 Moz [of] gold equivalent or more at Aura. If Western Exploration is able to execute on its plans, current trading levels could well be cheap in hindsight."
"Western Exploration Inc.'s market cap continues to hover around CA$35M, which to my eyes is a woeful undervaluation of the resource the company has already defined at Aura (much less the upside that remains there via exploration). The company remains a Buy."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(6/24/25)
"Western Exploration Inc. released an excellent new resource report. It increased in grades and ounces in [the] Gravel Creek and Wood Gulch deposits."
Jeff Clark, TheGoldAdvisor.com
(6/19/25)
"Nevada gold explorer, Western Nevada Inc.'s, Aura project has a 1.35 Moz gold resource with exploration upside. Why I like it: Upcoming drilling on Aura's Gravel Creek and Wood Gulch areas has the potential to grow its already sizeable resource."
Jeff Clark, TheGoldAdvisor.com
(6/12/25)
"A bet on resource expansion in a highly desirable mining jurisdiction, Western Exploration Inc. remains an overweight position for me. . .based on the upside I see at Aura, I think the current pullback makes for an attractive level if you want to add shares in the open market."
"Anchored by the value established by Western Exploration Inc.'s Doby George preliminary economic assessment, the exploration upside at Aura gives the company the opportunity to make significant news in the back half of the year. This raise ensures it will have the funds to drive that news flow."
Jeff Clark, TheGoldAdvisor.com
(5/22/25)
"Western Exploration Inc. is trying to fast-track its Aura project because the company sees eventual production there as the financial driver for exploration and development at its Gravel Creek project. And it's there that Western's geological team sees a picture emerging of a Midas mine analog."
"I just went over Aura's geological picture with Western Exploration Inc. management, and it's compelling. Much more drilling will be necessary, but my takeaway is that I'm glad I'm a shareholder. Western Exploration's still a Buy."
Fundamental Research Corp.
(5/20/25)
"Western Exploration Inc. gained 28% last week after a promising preliminary economic assessment for its Aura gold project."
"Doby George is just one of three resource-hosting areas on Western Exploration Inc.'s property, which also features the Wood Gulch and Gravel Creek targets (as well as the newly defined Tomasina Fault system 1 km west of Gravel Creek). . .these other targets should get pulled into the production story at Doby George."
Jeff Clark, TheGoldAdvisor.com
(5/8/25)
"Western Exploration Inc. released a preliminary economic assessment on the Doby George resource within its Aura gold project. . .using a base case gold price of $2,150/oz, the study projects an after-tax net present value of $70.7M and an after-tax internal rate of return of 25.4%."
"Western Exploration Inc. identified the Tomasina Fault system on its Aura project in Nevada as a potential area for new gold-silver resources. . .testing of this fault system, combined with more work on the high-grade veins zone outlined at the Jarbidge rhyolite, could help the company grow the Gravel Creek resource base substantially."
"The location of Western Exploration Inc.'s narrower, higher-grade areas less than 200m to the east of the nearly 700,000-ounce (Indicated and Inferred) Gravel Creek resource running over 5 g/t gold will make for ideal production scenarios. And all of this, including the company's nearby Wood Gulch and Doby George resources, is in prime territory in Nevada."
Fundamental Research Corp.
(1/13/25)
"The final two holes of Western Exploration Inc.'s 2024 drill program at Aura returned high-grade intercepts, including 1.53m of 19.98 g/t Au eq and 1.13m of 12 g/t Au eq. Overall, the 2024 program has delineated a high-grade, 550mx350m mineralized zone east of the existing resources at Gravel Creek, indicating potential for resource expansion."
"Hole 461, drilled last year on the Jarbidge rhyolite next to the Gravel Creek deposit at Western Exploration Inc.'s Aura project, cut 1.53m of 20 g/t gold equivalent (Au eq) and 0.85m of 21.3 g/t Au eq. . .the results from the Jarbidge rhyolite will be included in the impending update to that resource estimate, which could be a catalyst for the company."
"Highlights from Western Exploration Inc.'s latest batch of results from the 2024 drilling program on its Aura project included high-grade (albeit narrow) intersections from hole 458 (0.34m of 33.7 g/t Au eq, 0.4m of 15.4 g/t Au eq and 0.61m of 13.7 g/t Au eq) and hole 460 (1.04m of 16.7 g/t Au eq and 0.55m of 75.1 g/t Au eq). . .I think the company makes for a compelling bet on rising gold prices and exploration success in 2025."
Jordan Roy-Byrne, The Daily Gold
(12/8/24)
"Most recent results from Western Exploration Inc.'s Gravel Creek, drills hit 22.06 g/t Au eq over 3.69 and 2.44 g/t Au eq over 6.1m. Agnico Eagle owns 14%. Well managed company with excellent, tight structure."
Fundamental Research Corp.
(11/12/24)
"Drilling near Western Exploration Inc.'s Gravel Creek resource area continues to return high-grade intercepts, including bonanza values of 22 g/t Au and 977 g/t Ag, and 50 g/t Au and 2,110 g/t Ag. Gravel Creek, featuring an underground/high-grade gold resource, is part of the company's Aura gold-silver project."
Siddharth Rajeev, Fundamental Research Corp.
(10/31/24)
"Western Exploration Inc. has made notable strides at its Aura gold-silver project, showcasing promising drill results and improved recoveries. With mergers and acquisitions activity on the rise, we believe the company is emerging as a strong acquisition target."
"Four core holes have been completed so far at Western Exploration Inc.'s Gravel Creek, and one is in progress. . .hole 459 intersected assay values as high as 75.3 g/t gold and 3,080 g/t silver."
Fundamental Research Corp.
(10/15/24)
"Western Exploration Inc.'s first hole drilled near the Gravel Creek resource area returned exceptional grades of 75.3 g/t Au and 3,080 g/t Ag, extending high-grade mineralization for at least 80m along strike. Gravel Creek, featuring an underground/high-grade gold resource, is part of the company's Aura gold-silver project."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(10/7/24)
"Western Exploration Inc. released excellent drilling results; hole 459 intercepted multiple zones of gold, 1.01m gold at 68.32 g/t, over 2 oz/t(!) plus another zone of 0.49m of 111.54 g/t, about 4 oz/tn. These high-grade gold intercepts can quickly add ounces to the project."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(10/4/24)
"Western Exploration Inc. should have drilling results very soon."
"As a Nevada-based explorer and developer of gold-silver assets with news on the way, Western Exploration Ltd. has the potential to deliver big gains in the relatively near future. It remains a Buy."
Fundamental Research Corp.
(9/23/24)
"Western Exploration Inc. reported positive metallurgical results at Gravel Creek, with high recovery rates for gold (94.8%) and silver (89.8%). The company also secured $1.7M in financing and is advancing resource updates and a preliminary feasibility study on its Nevada projects."
"Western Exploration Inc. announced a nonbrokered private placement that will raise CA$1.7M. . .the company will use the money to advance a prefeasibility study on the Doby George deposit at its Aura gold-silver project. . .the cash injection is a good indicator that Western will continue to make news in the months ahead."
Fundamental Research Corp.
(8/8/24)
"One of our Top Picks, Western Exploration Inc., was last week's third top performer. It gained 19.2% week over week."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(8/5/24)
"Western Exploration Inc. is one of a few juniors that are well funded and have important drilling results this summer."
"Western Exploration Inc.'s current drill program at Aura is very likely to deliver more high-grade assays to the market in the back half of the year and confirm a very significant new discovery zone. If the gold market pans out like I think it will, the company's timing for good results could be near perfect."
Fundamental Research Corp.
(7/12/24)
"Western Exploration Inc. is one of our Top Picks in the mining space. Top Picks are our analysts' best ideas which have historically outperformed the benchmark by 38.2%. . .our Top Picks are chosen based on our belief in their future performance."
"Western Exploration Ltd.'s 4,000m drilling campaign at Aura will be conducted with two rigs supplied by Major Drilling Group, with work expected to begin in late June. The company hopes it will help to link with other 5+ g/t gold equivalent intercepts drilled on the Jarbidge rhyolite, a target which is open ended and currently spans 550m by 350m."
"Western Exploration Inc. announced upcoming drilling planned for its Aura project. . .this program will be one to watch closely as it could lead to a significant expansion of the high-grade already outlined at Aura. If you don't already own a position in the company, I recommend getting one before results come in from this drill program."
Thibaut Lepouttre, Caesars Report
(4/4/24)
"Western Exploration Inc. has completed a financing, raising a total of just over CA$6.5M. . .Agnico Eagle Mines participated in this offering as it acquired 857K additional units for a total investment of CA$600K, which brings its total position to approximately 6.3M shares."
"I expect Western Exploration Inc. to start drilling again as soon as possible. The company is a good story with a tight share structure, and one that I believe will trade higher with the results ahead. . .I wouldn't wait too long to get on board."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(3/26/24)
"Western Exploration Inc. is a new name in my letter. . .the company already made discoveries of 1.5m of 108.5 g/t gold, 1.5m of 237 g/t gold plus silver last year. . .Western is fully funded for this year's drilling."
Fundamental Research Corp.
(3/25/24)
Western Exploration Inc. was last week's top performer among our Top Picks. . .the company was up 35%. Last week it announced a fully allocated $6M equity financing."
"The area of the hanging wall in Western Exploration Inc.'s Gravel Creek target is preresource, but it seems likely to more than double the company's current gold resource. That realization will come out over the next year, and I don't expect Western to be trading anywhere near these levels once it does."
1/28/2026 – Western Exploration Provides Doby George Update
1/6/2026 – Western Exploration Confirms Expansion of Epithermal Mineralization West of Gravel Creek and Below the Saddle Zone
11/17/2025 – Western Exploration Drilling Confirms New Precious Metals Bearing Epithermal System at Aura Project with 3.0 Meters of 7.1 G/t Gold at Tomasina Fault Zone
11/6/2025 – Western Exploration Engages Stantec Consulting Services Inc. to Commence Work on Mine Plan of Operations for Doby George
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