Western Copper Provides Update on Carmacks
Mar 25, 2011Download this Press Release (0.00P) Print this page
VANCOUVER, B.C. — Western Copper Corporation (“Western Copper” or the “Company”) (TSX:WRN; NYSE Amex:WRN) would like to provide an update on the Carmacks Project and the work that the company is doing towards obtaining a Water Use License in response to the ruling of the Yukon Supreme Court received on February 24, 2011.
The Company has initiated engineering studies to determine whether certain aspects of the project could be modified to improve the project’s reclamation process, and thus satisfy the main concern of the Yukon Water Board. It is also working with regulatory authorities in the Yukon to establish the next steps towards getting the Carmacks Project fully licensed.
In addition, Western Copper has filed Notice of Appeal with the Yukon Court of Appeal on March 25, 2011 in order to obtain maximum flexibility going forward with its Carmacks Project.
“We are evaluating the options relating to the Carmacks Project” said Dale Corman, Chairman and Chief Executive Officer, “We expect that over the next few months we will complete these evaluations and chart a path forward to get a Water License for the Carmacks Project.”
ABOUT WESTERN COPPER CORPORATION
Western Copper is a Vancouver-based exploration and development company with properties containing significant copper, gold and molybdenum resources and reserves. The Company has 100% ownership of four Canadian properties. The two most advanced projects are the Casino Project and the Carmacks Copper Project, both located in the Yukon Territory. The Casino Project is one of the world’s largest open-pittable gold, copper, silver and molybdenum deposits. For more information, visit http://www.westerncoppercorp.com
On behalf of the board,
F. Dale Corman
Chairman & CEO
Western Copper Corporation
For more information, please contact:
President & COO, Corporate Development
Manager, Investor Relations & Corporate Communications
Call: 1.888.966.9995 or 604.684.9497
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 Corp. 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.