Western Metallica Resources Corp.


Exploration of Penedela Property Located in Spain’s Prolific Navelgas Gold Belt

Greg Duras
CEO & Director
Western Metallica Resources Corp.

Koby Kushner, P.Eng
Mining Analyst
Red Cloud Securities Inc.

Giovanni Funaioli
VP Exploration
Western Metallica Resources Corp.

Joaquin Merino
Managing Director, Spain
Western Metallica Resources Corp.

Wednesday October 12, 2022
2:00 pm ET / 11:00 am PT

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Learn more about Western Metallica Resources Corp.

Western Metallica Resources Corp. (TSXV:WMS) is a mineral exploration company headquartered in Toronto, Ontario, with an exploration office in Asturias. 

WMS has 100% ownership of two gold projects in Asturias; Penedela and Valledor, and one copper project located in Andalucia; Nueva Celti. The Company has an additional gold property; Sierra Alta under option to earn 55%, located in Asturias. WMS properties are strategically located in Spain, which is one of the most mining friendly jurisdictions in Western Europe. The Company’s management team has in-country, international mining and geological experience.

WMS recently launched an exploration program at its 100% owned Penedela Project. The 2022 exploration program includes a planned Phase 1 diamond drilling campaign of 2,000 metres that will target the most prospective areas of the Penedela gold deposit identified to date, a property comprised of approximately 2,500 hectares. This program follows the successful acquisition of the Penedela property, permitting and NI 43- 101 Technical Report in recent months.  

The 2022 Phase 1 drilling at Penedela focused on the currently excavated, mapped, and sampled 750-metre trend to maximize success.

Phase 1 Results include: 

  • WMS has completed over 640 metres of drilling, or approximately 32% of the 2,000-metres planned, at a total depth of 291 metres with initial indicators of mineralization in a pyrite-arsenopyrite vein.  
  • 3 holes that were drilled as part of the 2,000-metre program exhibit gold mineralization, indicating the Au mineral is predominant in the system; the structure of the system remains open which is validated by the series of drill holes conducted in the area. 
  • Hole IB025 intercepted a low-angle core axis pyrite-arsenopyrite vein with 0.5 metre at 17.4 g/t Au. The hypothesis is that it may be related to a sulphide-rich system propagating from the anticline structure core and dipping eastward. 

Click here to read all of Red Cloud’s research on Western Metallica Resources Corp. 


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