VANCOUVER, BRITISH COLUMBIA, April 4, 2012 - West Kirkland Mining Inc. (WKM:TSXV) (“West Kirkland” or the “Company”) is pleased to announce that recent drill results from its TUG deposit in Nevada have returned significant gold grades and high-grade silver credits. In 2012, the Company has completed eight holes, extending the deposit a further 200 meters to the northwest. Highlights include drill hole WT12-011 with 16.51 meters of 1.66 g/t Au and 26.89 g/t Ag. The Company also provides an update on its activities in the Long Canyon Trend, Nevada.
TUG Deposit
The Company has received the results from four additional drill holes on the TUG property since its previous announcement on February 23, 2012.
| Hole ID |
From (m)
|
To (m)
|
Length (m)
|
Au (g/t)
|
Ag (g/t)
|
| WT12-009* |
168.25
|
189.43
|
21.18
|
1.13
|
5.43
|
| WT12-011 |
180.99
|
197.50
|
16.51
|
1.66
|
26.89
|
| Incl. |
180.99
|
186.53
|
5.54
|
4.72
|
45.13
|
| WT12-012 |
148.59
|
157.58
|
8.99
|
1.18
|
200.73
|
| Incl. |
148.59
|
151.64
|
3.05
|
1.53
|
516.21
|
| WT12-013 |
151.63
|
165.41
|
13.78
|
0.64
|
19.00
|
*previously announced on February 23, 2012
All assays within selected intervals are included in the composite. Zones of no recovery were assigned zero grade for the noted intervals. Hole WT12-010 returned no significant mineralization. True thickness is estimated to be 70-90% of reported length.
Mike Allen, Vice President of Exploration said, “We are very pleased to see the TUG deposit continuing to expand with more drilling. The high silver credits also add value to this deposit. The Company is in the process of establishing an initial resource at TUG by way of an independent NI 43-101 technical report. These new holes will add to that model.”
Long Canyon Trend Properties
As planned, regional mapping, rock and soil sampling work on the Company’s 900 square kilometer land position in the Long Canyon Trend is continuing. To date, the Company has assessed approximately 150 square kilometers of the Long Canyon package, and further targets continue to be developed.
As announced on February 23, 2012, this work has successfully identified extensive regional gold targets up to eight kilometers in length for drilling in 2012. The model of the Long Canyon trend representing a new permissive structural environment in Nevada has been confirmed with regional gold anomalies fitting with mapped structural trends in five separate regions of the 60 kilometer long trend where West Kirkland is the dominant mineral rights holder.
From this work, a new high priority target area named “12 Mile” has also emerged. The Company has received assays from 47 rock samples collected on the 12 Mile target, 21 of which returned gold values greater than 0.1 g/t Au, four samples were greater than 0.5 g/t Au to a peak value of 1.73 g/t Au. For all samples, values returned ranged from 0.002 to 1.73 g/t Au. Mapping and sampling by West Kirkland in 2012 found a new area of gold mineralization, with the highest gold value separate from the obvious surface mineralization and historic drilling. A three dimensional target model has been developed and the 12 Mile target will be a priority drill target in 2012.
The Company has received all necessary permits for drilling on its Long Canyon Trend properties and is now preparing to mobilize a reverse circulation drill to defined targets on the Bandito, Lewis Spring and Toano areas. Regional target drilling in the Long Canyon Trend of 11,000 meters of reverse circulation drilling is planned to commence in April 2012.
Qualified Person, Verification, Quality Control and Assurance
Samples of TUG 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 were delivered directly by West Kirkland personnel to the ALS Chemex prep lab in Elko, Nevada. Prepared pulps were shipped by ALS Chemex to their North Vancouver lab where gold was determined by fire assay fusion with ICP finish. Samples that return gold values in excess of 1 g/t Au are analyzed using fire assay with gravimetric finish. Silver is determined by Four Acid/ ICP methods. ALS Chemex’s North Vancouver Lab is ISO 9001:2008 certified and also is ISO/IEC 17025:2005 accredited by the Standards Council of Canada for the assay methods employed.
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. Mr. Allen is the non-independent qualified person for this new 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
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.
