- Western Metallica Resources (WMS) released updates from its various mineral projects in Spain
- The Penedela Project saw a total of 2,236 metres drilled across 12 holes from 2020 to 2022, to a maximum depth of 335.6 metres
- In the same region, the company’s Sierra Alta Project will undergo a targeted drill program aimed to validate historical work and specifically intended to validate a jasperoidal breccia that returned encouraging results
- Greg Duras, CEO of Western Metallica Resources, sat down with Sabrina Cuthbert to discuss the company’s plans
- Western Metallica Resources (WMS) opened trading at C$0.25
Western Metallica Resources (WMS) released updates from its various mineral projects in Spain.
The results were mainly from the company’s recently completed Penedela Project drill program, as well as plans for the launch of a preliminary exploration program at its 100 per cent owned copper project, Nueva Celti. Nueva Celti is a priority exploration project due to the amount of regional and historic data and past production at commercial grades of 5 per cent copper.
The recently completed Penedela drill program involved a step-out along trend from previous targets to test underexplored regions of the property and incorporated detailed mapping, rock sampling and drilling. The Penedela Project saw a total of 2,236 metres drilled across 12 holes from 2020 to 2022, to a maximum depth of 335.6 metres. The Penedela zone was drilled approximately 130 metres vertical from surface and a total of 500 metres on strike.
In the same region, the company’s Sierra Alta Project will undergo a targeted drill program to validate historical work and specifically to validate a jasperoidal breccia that returned encouraging results. The team launched a first stage 1,000 metre, 5-hole, diamond drilling program in Q1 2023.
Greg Duras, CEO of Western Metallica Resources, met with Sabrina Cuthbert to discuss the company’s plans.
“The company is satisfied having demonstrated the extension of mineralization at Penedela and intends as next steps to further understand the potential of its other assets in order to prioritize the allocation of its capital to continue its goal of developing a maiden resource. The company has approximately C$5.3 million in cash as of the end of December 2022 to continue to advance its projects.”
Western Metallica Resources Corp. (WMS) is engaged in the acquisition, exploration, and development of mineral properties in Spain. The company’s projects include Penedela, Valledor, Sierra Alta, and Nueva Celti.
Western Metallica Resources (WMS) opened trading at C$0.25 per share.