Western Gold Exploration (TSXV: WGLD) reported results from its maiden drilling at the Coire a'Ghabhalach (CaG Vein) target in the Caledonian Gold Project, Scotland, with 4 diamond holes totalling 667 m. Across 7 holes in the Lyon area, about 1,260 m was drilled, while results from 3 holes at Creag Sheileach are pending. Hole GLDD26_004 intersected 3.9 m grading 7.17 g/t Au, 27.8 g/t Ag, 2.1% Zn and 6.51% Pb from 86.0 m, including 0.5 m at 42.8 g/t Au. Gold-bearing veins were intercepted in all four holes and remain open along strike and down dip. The company is evaluating follow-up work, including a ground IP geophysical survey and a soil grid extension to trace the vein along strike before further drilling.
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XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/30/2026 | 3,875.51 |
| Change that session | -3.63% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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