VANCOUVER, BRITISH COLUMBIA, September 9, 2014 – West Kirkland Mining Inc. (WKM:TSXV) today announces that in its first phase of exploration drilling, the Company intersected 50.29 meters of 0.73 grams per tonne (g/t) gold (Au) on the Three Hills deposit and discovered additional near surface mineralization on the Hasbrouck deposit, both located near Tonopah, Nevada. On the Hasbrouck deposit, drilling followed up on rock chip samples with assays including 24.6 g/t Au.
Three Hills
The Company drilled four exploration holes on the eastern flank of the Three Hills deposit, testing a newly developed structural interpretation of the deposit. West Kirkland tested for zones of structural preparation near the contact between the Siebert formation and the Fraction Tuff.
Hole TH14R-004 returned 50.29 meters grading 0.73 g/t Au and 3.22 g/t Ag within a zone of intersecting structures. Mineralization started 26 meters above the contact between the Siebert and Fraction Tuff and continued 24.4 meters below the contact. This intercept is approximately 70 meters northwest of hole TH12R-15, drilled by a previous owner, which returned 66 meters of 3.3 g/t Au in a similar setting at the same elevation.
A table of West Kirkland’s 2014 Exploration drilling at Three Hills is presented below.
|
Hole ID
|
From (m)
|
To (m)
|
Length (m)
|
Au (g/t)
|
Ag (g/t)
|
|
TH14R-002
|
161.54
|
174.26
|
12.72
|
0.61
|
4.04
|
|
TH14R-003
|
128.02
|
134.11
|
6.09
|
0.48
|
3.16
|
|
and
|
153.92
|
158.50
|
4.58
|
0.97
|
7.16
|
|
TH14R-004
|
172.21
|
222.50
|
50.29
|
0.73
|
3.22
|
|
including
|
172.21
|
181.36
|
9.15
|
2.27
|
2.03
|
|
TH14R-005
|
179.83
|
185.93
|
6.10
|
1.03
|
4.98
|
*true thickness has been estimated by Company geologists to be approximately 70% of length
“Drilling at Three Hills confirmed the deposit remains open to the east, and provided a high grade structural corridor of mineralization that will be tested with follow up work,” said Michael G. Allen, Vice President of Exploration for West Kirkland. “The high grade intercepts in hole TH12R-015 and TH14R-004 have the potential to expand the resource further to the east.”
West Kirkland’s TH14R-002 returned 12.72 meters grading 0.61 g/t Au and 4.04 g/t Ag starting from 161.54 meters at the Siebert-Fraction contact. This intercept was 50 meters south of the previously drilled TH12R-015.
Hole TH14R-003 returned 6.09 meters grading 0.48 g/t Au and 3.16 g/t Ag starting at 128.02 m down the hole, at the Siebert Fraction contact, plus an additional 4.58 meters grading 0.97 g/t Au and 7.16 g/t Ag starting at 153.92 meters within the Fraction Tuff, suggesting a further mineralized structure exists.
TH14R-005 tested further to the east where the Company projected the Siebert/Fraction contact to be nearing surface. Mineralization in this hole was entirely in the Fraction Tuff and returned 6.10 meters grading 1.03 g/t Au and 4.98 g/t Ag. It is thought that this hole intercepted the northwest structure which hosts mineralization in holes TH12R-15 and TH14R-004.
Holes TH14R-001 and TH14R-006 were respectively drilled to test a potential leach pad and waste rock pile location for mineralization ahead of dedicating these areas for this purpose in the ongoing prefeasibility study. These areas have been deemed to be appropriate for this purpose as they are near the current deposit for short haulage distances and no new mineralization was found in these holes.
Hasbrouck
Drilling at the Hasbrouck deposit followed-up on rock chip samples collected by West Kirkland. This sampling focused on an underexplored area on the northeast flank of Hasbrouck Peak. This sampling returned high grades, including 24.6 g/t Au, 6.65 g/t Au and 4.13 g/t Au in select rock chips, and indicated the potential to develop significant tonnage in close proximity to existing resources. Although over 600 holes have been completed at Hasbrouck and Three Hills in previous drilling, there is no documented drill testing in this area. The area is within 100 meters of the conceptual pit outline in the ongoing prefeasibility study.
Drilling by West Kirkland returned 6.09 meters of 0.38 g/t Au with 6.48 g/t Ag starting at depth of 6.10 meters in hole HSB14R-009 and HB14R-010 returned 4.57 meters of 0.66 g/t Au with 12.2 g/t Ag starting at a depth of 7.62 meters. Each mineralized intercept terminated at the contact between the Siebert formation and the underlying Fraction Tuff. A second phase of mapping, sampling, and trenching will be completed in areas of thicker Siebert formation towards the potential pit area, with the goal of establishing refined drill targets with potential for thicker mineralized intercepts. The Siebert formation, which hosts the main deposit, thickens toward the known resources of the Hasbrouck deposit.
Holes HSB14R-001 and HSB-002 were drilled to test for a root zone and a projected strike extension of the Hasbrouck Deposit respectively and did not return significant results. HSB14R-003 to HSB14R-006 were drilled to confirm the appropriateness of potential infrastructure sites on the property. These sites did not have significant new mineralization and can be fixed for the prefeasibility study.
Maps of recent work at Hasbrouck and Three Hills can be viewed by visiting the company’s website at www.wkmining.com or from the following link:
http://wkmining.com/projects/hasbrouck_overview/maps/
About the WKM Hasbrouck Project
The Hasbrouck Project consists of two oxidized deposits, Hasbrouck and Three Hills, both with at-surface and near-surface mineralization, potential for minimal pre-strip and low overall stripping ratios as a result of the deposit geometry, as outlined in the 43-101 Resource Report dated February 21, 2014 and filed on SEDAR February 24, 2014. West Kirkland has initiated a prefeasibility study on the Hasbrouck Project and has commenced its exploration program as outlined in its news release dated June 3, 2014.
Qualified Persons
Michael G. Allen, Vice President of Exploration for West Kirkland, and a non-independent Qualified Person as defined by NI 43-101, has reviewed the information contained in this news release and has verified the data.
Quality Assurance/Quality Control
West Kirkland Mining utilizes a well-documented system of inserting blanks and standards into the assay stream and has a strict chain of custody. Assays are completed at independent labs, which also have internal quality assurance and quality control mechanisms. Assays were performed by ALS Chemex Labs Ltd., by fire assay and ICP methods.
About West Kirkland Mining Inc.
West Kirkland was formed in 2010 to focus on gold exploration along major geological trends in North America. The Company has consolidated significant mineral rights positions within the known gold trends of Nevada and Utah, including the recently acquired the Hasbrouck and Three Hills properties in southwestern Nevada. The founders and Board members of West Kirkland have successful experience in gold discovery, mine development and mine operations in Nevada and other gold producing jurisdictions in North America.
For more information, contact:
West Kirkland Mining Inc.
R. Michael Jones or Knox Henderson at (604) 685-8311
Disclaimer for Forward-Looking Information
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “believe”, “expect”, “anticipate”, “intend”, “estimate”, “postulate” and similar expressions, or are those, which, by their nature, refer to future events. Forward-looking information in this news release includes, without limitation, the completion of the Prefeasibility Study, the project approach of the Prefeasibility Study and exploration and all information under the heading “Prefeasibility Study Detail”, including the Prefeasibility Study budget. Although West Kirkland believes that such timing and expenses as set out in this press release are reasonable, it can give no assurance that such expectations and estimates will prove to be correct. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors, including, but not limited to, the state of the financial markets for the Company's equity securities, the state of the market for gold or other minerals that may be produced generally, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's ability to obtain any necessary permits, consents or authorizations required for its activities, to raise the necessary capital or to be fully able to implement its business strategies and other risks associated with the exploration and development of mineral properties. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.
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West Vault Mining Inc.
Suite 838 – 1100 Melville Street
Vancouver, BC
Canada V6E 4A6
[email protected]
Qualifying Statements
For readers to fully understand the information in this independent media, they should read the 2023 Pre-feasibility Study, which has been prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) (available on www.sedar.com), in its entirety, including all qualifications, assumptions, limitations and exclusions that relate to the information set out in this independent media. The 2023 Pre-feasibility Study is intended to be read as a whole, and sections should not be read or relied upon out of context. The technical information in this independent media is derived from, and subject to the assumptions and qualifications contained in, the 2023 Pre-feasibility Study.
Qualified Person for This Independent Media
Sandy McVey P.Eng., Chief Executive Officer and Chief Operating Officer for West Vault Mining, as a non-independent Qualified Person as defined in NI 43-101, has reviewed and approved the technical information disclosed in this independent media.
Disclaimer for Forward-Looking Information
This independent media may contain forward-looking information or forward-looking statements (collectively “forward-looking information”) within the meaning of applicable securities laws. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this email include, without limitation, statements regarding the potential economic performance of the Project based on the 2023 Pre-feasibility Study, the Company’s ability to obtain any additional permits required to commence and complete construction and perform operations, the Company’s ability to obtain funding on reasonable terms, and the potential identification, execution, and realization of accretive opportunities. Although West Vault Mining believes that such information as set out in this independent media is reasonable, it can give no assurance that such expectations and estimates will prove correct. West Vault Mining cautions investors that any forward-looking information provided by West Vault Mining is not a guarantee of future results or performance, and that actual results may differ materially from forward-looking information as a result of various factors. The reader is referred to West Vault Mining’s public filings for a more complete discussion of such risk factors and their potential effects; these may be accessed through the Company's profile on SEDAR at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Note to US Investors
This independent media has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of United States securities laws. The terms “Mineral Resource”, “Indicated Mineral Resource” and “Inferred Mineral Resource” are defined in and required to be disclosed by NI 43-101. However, these terms are not defined terms under SEC S-K 1300 and are normally not permitted to be used in reports and registration statements filed with the SEC. In addition, the terms “Mineral Reserve”, “Probable Mineral Reserve” and “Proven Mineral Reserve” are also defined in NI43-101 and not S-K 1300. Investors are cautioned not to assume that all or any part of an “Indicated Mineral Resource” or “Inferred Mineral Resource” will ever be upgraded to a higher category or converted into Mineral Reserves in accordance with S-K 1300. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of Feasibility or Pre-feasibility Studies, except in rare cases. Investors are cautioned not to assume that all or any part of an Inferred Mineral Resource exists or is economically or legally mineable. Disclosure of “contained ounces” in a Mineral Resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute “Reserves” by SEC S-K 1300 standards as in-place tonnage and grade without reference to unit measures. Accordingly, information contained in this independent media contains descriptions of West Vault Mining’s mineral deposits that may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder.
