07:56 AM EDT, 09/20/2024 (MT Newswires) -- Western Exploration ( WEXPF ) reported Friday the results of 2024 metallurgical testing on composite samples from the Jarbidge rhyolite hanging wall zone of the Gravel Creek deposit in Nevada.

Results include recoveries of 94.8% for gold and 89.8% for silver in a combined gravity and flotation concentrate.

"Preliminary metallurgical test work on Gravel Creek hanging wall mineralization has returned very positive results for the recovery of gold and silver to concentrate," CEO Darcy Marud said. "The recoveries are similar to past Gravel Creek metallurgical test work and demonstrate a potential path to economic recovery for precious metals."

The company's share price fell 2.4% yesterday to $1.22.