Western Copper and Gold Corp.

Published : February 20th, 2009

Update on Carmacks Copper Project

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NR01 2009 - February 20, 2009

                                                                                                  

WESTERN COPPER PROVIDES UPDATE ON CARMACKS COPPER PROJECT

 

VANCOUVER, B.C. Western Copper Corporation (?Western Copper?) (TSX:WRN) is pleased to provide an update on the Carmacks Copper Project (?Project?), located in the Yukon, Canada.

 

After receiving the Decision Document from the Yukon Government in September 2008, which stated that the mine should be allowed to proceed, Western Copper?s focus has been on obtaining two key permits:  the Quartz Mining License (QML), which allows construction to start, and the Water Use License, which allows commencement of operations.

 

Yukon Department of Energy, Mines and Resources (EMR) recently informed Western Copper that the completed QML is expected to be forwarded to the Minister for signing by the end of March 2009.  An updated QML application was completed and filed with EMR in December 2008 and has been under review by the Yukon Government in consultation with Little Salmon Carmacks First Nation (LSCFN) and Selkirk First Nation (SFN).

 

An updated Water Use License application was submitted in December 2008 to the Yukon Water Board.  Western Copper expects to hear shortly regarding the adequacy of the application and the timing of the Water Board public hearing.

 

Western Copper has recently opened offices in Whitehorse and the Village of Carmacks to help support the Project.  Western Copper continues to work with LSCFN, SFN and local communities to identify opportunities and address concerns related to the Carmacks Copper Project.

 

On behalf of the board,

 

Dale Corman

F. Dale Corman

Co-Chairman & CEO

=======================

 For more information please contact Paul West-Sells, VP Corporate Development & Chiara Orrigoni,  Investor Relations at T 604.684.9497 or by email at info@westerncoppercorp.com

 

Cautionary Notes: This press release includes certain "Forward-Looking Statements" within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives of Western Copper are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. U.S. Investors: The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce.  We use certain terms on this news release, such as ?measured,? ?indicated,? and ?inferred? ?resources,? that the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC.  U.S. investors are urged to consider closely the disclosure in Western Copper?s Form 20-F, File No. 000-52231, which may be secured from the Company, or from the SEC?s website at http://www.sec.gov/edgar.shtml.

 

 

------------------------------------------------------------------------

Chiara Orrigoni

Investor Relations & Corporate Communications

Western Copper Corporation

P 604.638.2496

F 604.669.2926

E corrigoni@westerncoppercorp.com

www.westerncoppercorp.com

 

 

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Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Western Copper and Gold Corp.

DEVELOPMENT STAGE
CODE : WRN.TO
ISIN : CA95805V1085
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Western Copper and Gold is a copper development stage company based in Canada.

Western Copper and Gold develops copper, gold, molybdenum and silver in Canada, and holds various exploration projects in Mexico.

Its main assets in development are CASINO and CARMACKS in Canada and its main exploration properties are HUSHAMU (ISLAND COPPER) and REDSTONE - LUMINA in Canada and SIERRA ALMOLOYA in Mexico.

Western Copper and Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 155.9 millions as of today (US$ 124.7 millions, € 109.2 millions).

Its stock quote reached its lowest recent point on March 06, 2009 at CA$ 0.24, and its highest recent level on January 21, 2011 at CA$ 4.40.

Western Copper and Gold has 95 090 000 shares outstanding.

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Annual reports of Western Copper and Gold Corp.
2008 Annual report
Financings of Western Copper and Gold Corp.
12/12/2012and Gold's warrants to expire
10/5/2012and Gold Closes Private Placement of Flow-through Common ...
11/27/2009 Flow-through Financing
7/13/2009Closes C$4 Million Flow-Through Financing And Commences Expl...
Nominations of Western Copper and Gold Corp.
11/25/2008 APPOINTS NEW EXECUTIVE VICE PRESIDENT
Financials of Western Copper and Gold Corp.
3/25/2013and Gold Reports 2012 Financial Results
Project news of Western Copper and Gold Corp.
5/17/2011(Casino)Files Casino Pre-Feasibility Study Technical Report
4/7/2011(Casino)Announces Updated Pre-Feasibility Study on Casino Project
3/29/2011(Carmacks)Provides Update on Carmacks
2/25/2011(Carmacks)Comments on Carmacks Water License Appeal Rulin
5/13/2010(Carmacks)Provides Detail on Carmacks Water Use Licence
5/11/2010(Carmacks)Carmacks Project Water Use Licence Decision
2/20/2009(Carmacks)Update on Carmacks Copper Project
5/20/2008The Carmacks Copper Project advances in the permitting proce...
2/29/2008(Carmacks)Yesab responds to public comments on the Carmacks Copper Pro...
5/22/2007(Carmacks)2007 Technical report
Corporate news of Western Copper and Gold Corp.
6/23/2016WESTERN COPPER AND GOLD PROVIDES CASINO UPDATE AND ANNOUNCES...
3/28/2016Western Copper and Gold Provides Casino Update and Reports Y...
4/15/2015Western Copper and Gold to Attend the European Gold Forum in...
3/30/2015Western Copper and Gold Provides Casino Update and Reports Y...
3/30/2015(Casino)and Gold Provides Casino Update and Reports Year-End Results
2/26/2015Yukon Ranks 1st in Mineral Potential and 9th Overall in the ...
11/28/2014Western Copper And Gold Announces Restart Of Environmental R...
10/22/2014Western Copper and Gold Announces Changes to Board of Direct...
9/9/2014Western Copper and Gold Announces Operating Strategy for Cas...
8/25/2014Western Copper and Gold Selects M3 as EPCM Contractor and Pr...
6/25/2014Western Copper and Gold Announces AGM Results
6/3/2014Western Copper and Gold and Little Salmon/Carmacks First Nat...
5/15/2014Siemens and Western Copper & Gold Corp. Sign MoU for Electri...
3/24/2014Western Copper And Gold Files Year-End Financial Reports
9/17/2013(Casino)and Gold Provides Update on Casino
6/21/2013and Gold Announces AGM Results
6/14/2013and Gold's Annual General Meeting
4/25/2013and Gold Adopts Shareholder Rights Plan and Advance Notice P...
4/8/2013(Casino)and Gold's Casino Project to Have Significant Impact on Yuko...
2/13/2013and Gold files feasibility study
10/3/2011shareholders approve spin-out of Copper North Mining Corp. a...
8/19/2011Enters Into Arrangement Agreement to Spin Out Assets to Shar...
8/11/2011to Ring the Opening Bell at the New York Stock Exchange
6/23/2011Announces Intention to Spin Out Assets to Shareholders
2/8/2011to Trade on the NYSE Amex
3/27/2010New Director and Change to Management Team
9/22/2009Board of Directors Changes
7/21/2008YESAB Recommends That the Carmacks Copper Project Proceeds
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