September 8, 2010
West Kirkland Mining Inc. (“WKM-TSXV”) announces the expansion of its land position west of the prolific Kirkland Lake, Ontario gold district by option of the 10 square kilometer Cunningham Property. Limited previous work on the Property includes a drill intercept of 0.3 ounces per ton (10.15 g/t) gold over 6.7 meters in shallow drilling. Drilling by West Kirkland Mining is planned to start on the Property this fall after compilation of existing data as part of a $1 million drilling program on the Company’s 77 sq kilometer land position assembled west of Kirkland Lake along the Cadillac Lake-Larder Lake Break.
On the Cunningham Property, five of eleven shallow diamond drill holes in the “M2 showing” area on the Cunningham Property prior to 1993 reported significant intercepts as follows:
|
Hole ID |
from (ft) |
to (ft) |
Length (ft) |
Au (o.p.t) |
from (m) |
to (m) |
length (m) |
Au g/t |
|
HT89-02 |
192.0 |
214.0 |
22.0 |
0.30 |
58.52 |
65.23 |
6.7 |
10.15 |
|
and |
270.5 |
289.0 |
18.5 |
0.11 |
82.45 |
88.09 |
5.6 |
3.60 |
|
HT89-14 |
18.0 |
28.5 |
10.5 |
0.10 |
5.49 |
8.69 |
3.2 |
3.26 |
|
HT89-16 |
194.0 |
197.0 |
3.0 |
0.14 |
59.13 |
60.05 |
0.9 |
4.77 |
|
HT89-19 |
702.0 |
707.0 |
5.0 |
0.20 |
213.97 |
215.49 |
1.5 |
6.89 |
|
HT89-23 |
189.0 |
212.6 |
23.6 |
0.12 |
57.61 |
64.80 |
7.2 |
3.94 |
The drill intercepts referred to above are all reported from shallow depths of less than 250 meters. Logs for the holes available in the public domain suggest that carbonate altered shear structures and quartz veins, well known ore mineralization styles within the Kirkland Lake Camp, are associated with the reported mineralization. Further drilling planned by the Company will test for grade, thickness and continuity at depth and along strike in the area of the M2 showing.
The option agreement calls for cash payments totaling $370,000 and work expenditures totaling $600,000 over 5 years to earn a 100% interest in the property subject to a 1% Net Smelter Royalty. The Royalty can be purchased at any time up to commercial production on the property for $1,000,000.
West Kirkland Mining’s Vice President of Exploration, Michael Allen said “We are pleased to add this important property to our portfolio in the West Kirkland Lake belt. We know from our founders’ experience with discoveries west of Timmins, Ontario through West Timmins Mining Inc. that near surface gold intercepts along the main trends from large gold camps should be well tested at depth and along strike. It was drilling below historic showings that resulted in the $400 million takeover of West Timmins Mining Inc. last year. The Cunningham Property fits well within our exploration model.”
Mr. Len Cunningham has held this property for over 30 years. Mr. Cunningham, now in his 90th year, is a mining engineer that lives in Kirkland Lake and has been studying and working on the Kirkland Lake Gold Fields since he came to the area in 1958. West Kirkland is proud to work with Mr. Cunningham on the property.
West Kirkland’s President, R. Michael Jones said “Canadian gold mining areas are enjoying a revival of exploration due to a buoyant gold price and the old adage “the best place to look for a gold mine is next to a gold mine.”
Qualified Person, Verification, Quality Control and Assurance
R. Michael Jones, P.Eng is the non-independent qualified person for this news release. He has relevant experience in gold exploration and development in Ontario over the past 25 years. The data has been verified by reports in the Ontario government assessment files and from reports supplied by the property vendor Len Cunningham P.Eng. Assay data from historical data has been deemed to be reliable as it is from reputable well known exploration companies at time of the work but it has not been independently assayed or verified at this time. The style and grade thickness of mineralization reported is in keeping with well known regional occurrences and surface work on the property.
About West Kirkland Mining – WKM-TSXV
West Kirkland Mining was formed in 2010 and is focused on gold exploration in North America. The Company has consolidated significant mineral rights positions in the Kirkland Lake area of Canada and the Carlin trend of Nevada – two of North America’s Premier Gold camps. The founders of West Kirkland Mining have successful gold discovery and mine operations experience in both Ontario and Nevada over the past 25 years.
For further information, please see the Company’s website at www.wkmining.com or contact us by
email at [email protected] or call:
West Kirkland Mining Inc.
R. Michael Jones or Michael Allen at (604) 685-8311
Or
Sequoia Partners
Don Graham: 778-558-4310 or [email protected]
James Beesley: 778-389-7715 or [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
This press release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding proposed exploration activities. Although the Company believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct. 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. 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, recent market volatility; 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 Filing Statement dated March 31, 2010 for a more complete discussion of such risk factors and their potential effects, a copy of which may be accessed through the Company’s page 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.
