October 3, 2011
VANCOUVER, BRITISH COLUMBIA, October 3, 2011 - West Kirkland Mining Inc. (WKM:TSXV) (“West Kirkland” or the “Company”) reports the discovery of a new gold zone on its 100% optioned mineral claims located between the towns of Kirkland Lake and Matachewan along the famous Cadillac-Larder Lake Deformation Zone.
The new discovery is correlated in three dimensions with an initial strike length of 100 meters and depth extent in excess of 200 meters in four drill holes. In addition, to the 16.15 g/t Au over 5.00 meters in KC1163, the same structure returned values of 6.42 g/t Au over 1.1 meters within a 4.00 meter gold bearing intercept (KC1164). These new intercepts are within a new discovery area of the overall Cadillac-Larder Lake Deformation Zone approximately two kilometers west of the high grade intercepts highlighted by the Company in its November 18, 2010 news release.
Michael Allen, Vice President of Exploration of West Kirkland said, “In the Kirkland Lake and Timmins camps, near surface zones such as the one announced today are the indicators we search for to lead us to mineralization along strike and to depth. This new discovery gives us an excellent target to follow up on in three dimensions.”
Details
Holes with finalized assays in the new discovery zone are summarized below.
|
Hole ID |
From (m) | To (m) | Length (m) | Au (g/t) |
|
KC1163 |
6.00 | 18.60 | 12.60 | 0.69 |
|
and |
65.00 | 65.50 | 1.50 | 0.66 |
|
and |
75.70 | 77.00 | 1.50 | 4.53 |
|
and |
85.70 | 90.70 | 5.00 | 16.15 |
|
Incl. |
85.70 | 87.90 | 2.20 | 34.49 |
|
KC1164 |
3.50 | 4.30 | 0.80 | 0.70 |
|
and |
90.70 | 94.70 | 4.00 | 2.15 |
|
Incl. |
92.00 | 93.90 | 1.10 | 6.42* |
|
KC1165 |
90.8 | 91.3 | 0.50 | 0.77 |
|
and |
92.20 | 93.10 | 0.90 | 0.52 |
|
KC1166 |
8.30 | 9.30 | 1.00 | 0.90 |
|
and |
17.70 | 18.70 | 1.00 | 0.89 |
|
and |
55.80 | 56.30 | 0.50 | 0.47 |
|
and |
110.60 | 119.60 | 9.00 | 0.46 |
|
and |
126.20 | 127.10 | 0.90 | 2.15 |
* indicates presence of coarse visible gold
Due to the observation of coarse visible gold in the core and the high grade nature of some of the results, the Company is submitting select samples for metallic screen assays and additional samples are being collected to further bracket the mineralized intercepts. Drilling on 50 meter sections has cut significant gold mineralization on three consecutive sections. The gold intercepts are open in all directions. Holes KC1165 and KC1166 were targeted on a parallel structure and may not have been drilled far enough to pierce the high grade mineralization. These holes will be extended. As this is a new discovery, exact orientation, true thickness and continuity have yet to be determined. The Company plans to drill in excess of 2,000 meters to follow up on these results. This work will commence shortly.
Kirkland Lake Drilling Update
In 2011, the Company has drilled 15,433 meters in 64 holes in the Kirkland Lake camp. This year, 14 holes have been reported, 24 drill holes have not generated significant intercepts, 15 holes have generated targets for follow up on a priority basis, and the Company is awaiting results on an additional 11 holes.
Qualified Person, Verification, Quality Control and Assurance
Samples of drill core were saw cut, with half the cut core placed in individual sealed bags and half placed back in the original core box for permanent storage. Drill core samples are picked up by ALS Chemex and transported directly to their preparation lab in Timmins, Ontario. Prepared pulps are shipped by ALS Chemex to their North Vancouver laboratory where gold assays are determined by fire assay fusion with Inductively Coupled Plasma (ICP) finish. ALS Chemex’s North Vancouver laboratory is ISO 9001:2008 certified and also is ISO/IEC 17025:2005 accredited by the Standards Council of Canada for the assay methods employed. Standards, duplicates and blanks are inserted into the sample stream in pseudo-random sequence and represent 10% of all samples submitted.
Michael G. Allen, Vice President of Exploration for West Kirkland, and a Qualified Person as defined by Canadian National Instrument 43-101, has reviewed the information contained in this news release and has also verified the analytical data for drill core samples disclosed in this release by reviewing the blanks, duplicates and certified reference material that the Company inserted into the sample stream and confirming that they fall within limits as determined by acceptable industry practice. He is the non-independent qualified person for this news release and has verified the data.
About West Kirkland Mining
West Kirkland Mining was formed in 2010 to focus on gold exploration along major trends in North America. The Company has consolidated significant mineral rights positions in the Kirkland Lake area of Ontario and within major gold trends of North Eastern Nevada - two of North America’s premier gold jurisdictions. The founders and Board of West Kirkland Mining have successful gold discovery, development and mine operations experience in both Ontario and Nevada over the past 40 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, Michael Allen or Knox Henderson 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 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.
