VANCOUVER, BRITISH COLUMBIA, November 17, 2014 – West Kirkland Mining Inc. (WKM:TSXV) today announces the results of drill hole MW14-01, which cut 39.6 meters of 1.36 grams per tonne (g/t) Au and 5.10 g/t Ag starting 54.9 meters down the hole. The hole is located approximately 300 meters to the east of the currently defined resource of the Three Hills deposit located near Tonopah, Nevada.
MW14-01 was drilled as part of the Company’s permitting process as a vertical ground-water monitoring well and was collared within the recently identified northwest structural corridor. Mineralization within MW14-01 correlates to where West Kirkland geologists noted consistent silicification and quartz veining where the hole intercepted oxidized Fraction formation. This differs from the typical Siebert formation host in the current resource.
The structural corridor has been interpreted to be vertical or sub vertical, so an estimate of true thickness cannot be made at this time. West Kirkland’s hole TH14R-004 drilled in July of 2014 was oriented perpendicular to the northwest structure and returned 50.3 meters of 0.73 g/t Au. TH12R-15 was drilled parallel to the interpreted structure and returned 66 meters of 3.3 g/t Au. Hole TH96-41 was drilled approximately 12 meters to the west of MW14-01, sub-parallel to the northwest structure and returned 21.36 meters of 0.63 g/t Au within Fraction formation.
Plan view and cross-section maps of the drill locations can be viewed by visiting the Company’s website at www.wkmining.com or through this link.
“This recent intercept adds another compelling data point to the deposit model we are building,” says Michael G. Allen, West Kirkland’s Vice President of Exploration. “Three dimensional modeling has indicated an intrusive body located to the east of the reported drilling which may be creating dilatant zones within the northwest structure and may host significant mineralization.”
West Kirkland initiated its Phase II exploration program with the first hole currently underway. The Company plans to drill 1,400 meters in five holes at the Three Hills deposit and four holes at the Hasbrouck deposit. For further information on this drill program please refer to the Company’s October 22, 2014 news release.
About the WKM Hasbrouck Project
The Hasbrouck Project consists of two oxidized gold-silver deposits located eight kilometers from each other. Both deposits have at-surface and near-surface mineralization with the potential for open pit mining at low overall stripping ratios and with minimal pre-stripping.
West Kirkland’s independent consultants, Mine Development Associates, are completing a prefeasibility study with results expected in the first quarter of 2015. Work on obtaining construction permits for the Three Hills deposit is well advanced with submission of a Plan of Operation to the Bureau of Land Management (BLM) targeted for Q4, 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.
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.
