West Kirkland Fast-Tracks Bulk Sample to Confirm Run-of-Mine
Recovery at Three Hills, Nevada
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 12, 2014) - West
Kirkland Mining Inc. (TSX-VENTURE:WKM) has fast-tracked bulk
sampling of its recently acquired Three Hills deposit to confirm
gold recoveries from run-of-mine material predicted in historic
studies. West Kirkland completed the sampling six weeks after
acquiring the Three Hills and Hasbrouck deposits. The 12 ton sample
was extracted by ripping rather than by drilling and blasting.
Column tests are being performed by Kappes Cassiday &
Associates and initial results are expected within 30 to 60
days.
"Confirming that we can achieve good recoveries at Three Hills
with run-of-mine material, rather than the previously modeled 1.5
inch crush, will improve permitting and financial modeling in the
ongoing Prefeasibility Study," said Sandy McVey, West Kirkland's
COO. "The current study envisages Three Hills to be mined first and
then Hasbrouck."
Photos of the sample collection at Three Hills can be viewed by
visiting the company's Web site at www.wkmining.com or through this
link http://wkmining.com/projects/gallery1/.
The Hasbrouck Project consists of two all-oxide deposits,
Hasbrouck and Three Hills, both with at-surface and near-surface
mineralization, minimal pre-strip and low overall stripping ratios.
Both deposits are well-drilled with over 600 bore holes. Metallurgy
is well understood at Hasbrouck and Three Hills; 12 tons of samples
and over 100 column tests have been performed, predicting 60%
recovery at Hasbrouck and 80% recovery at 1.5 inch crush at Three
Hills by heap leaching with moderate cyanide and lime
consumption.
Permitting
The Company has completed the transfer of permits from the
previous owner of the Hasbrouck Project to West Kirkland. In the
coming days the Company will submit its exploration drill plans for
permitting, typically granted 15-30 days after submission.
Exploration
West Kirkland has just completed a gravity survey at the Three
Hills Property, designed to identify structures that could host
extensions of the Three Hills deposit along strike and down dip. A
down dip structure of the Three Hills deposit was drilled by
previous owners in 2012, and yielded an intercept of 66 meters of
3.3 grams per tonne gold. True width cannot be determined from the
information available. This structure will be the focus of upcoming
exploration work on the Three Hills property; additional targets
that may be parallel structures have been identified for
drilling.
At the Hasbrouck deposit a review of the geophysical database
has identified potential strike extensions of the Hasbrouck deposit
and structures that may host separate satellite deposits. These
targets will be tested by drilling in the summer of 2014.
Hasbrouck Project Resources
Hasbrouck and Three Hills Deposits
Resource Statement (February 21, 2014) |
|
HASBROUCK & THREE HILLS (0.005 opt AuEq
Cutoff) |
Category |
Tons |
|
Gold |
|
Silver |
|
AuEq |
|
Gold |
|
Silver |
|
AuEq |
|
(000 tons) |
|
opt |
|
opt |
|
opt |
|
(000 oz) |
|
(000 oz) |
|
(000 oz) |
|
Measured |
15,777 |
|
0.015 |
|
0.286 |
|
0.020 |
|
231 |
|
4,509 |
|
310 |
|
Indicated |
62,415 |
|
0.012 |
|
0.219 |
|
0.016 |
|
731 |
|
13,640 |
|
970 |
Measured & Indicated |
78,192 |
|
0.012 |
|
0.232 |
|
0.016 |
|
962 |
|
18,149 |
|
1,279 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Inferred |
69,923 |
|
0.008 |
|
0.159 |
|
0.011 |
|
566 |
|
11,136 |
|
761 |
AuEq calculated AuEq= Au + (Ag/57.14) |
- CIM definitions are followed for classification of Mineral
Resources
- Mineral Resources are estimated using a gold price of US$1,200
per ounce and a silver price of US$21 per ounce
- Totals may not represent the sum of the parts due to
rounding.
- The Mineral Resources have been prepared by Scott E. Wilson in
conformity with CIM "Estimation of Mineral Resource and Mineral
Reserves Best Practices" guidelines and are reported in accordance
with the Canadian Securities Administrators NI43-101. Mineral
resources are not mineral reserves and do not have demonstrated
economic viability. There is no certainty that all or any part of
the mineral resource will be converted into mineral reserve.
Following the announcement of the Hasbrouck Project acquisition
agreement in January, 2014, West Kirkland announced a mineral
resource estimate increase of approximately 10%, which incorporated
the results of subsequent drilling completed since the most recent
mineral resource estimate disclosed in 2012 by the property vendor
(see news release dated February 24, 2014) and the completion of a
technical report dated February 21, 2014 titled "Technical Report
for the Hasbrouck Project Esmeralda County, Nevada, USA, West
Kirkland Mining Inc." (the "Technical Report") authored by Scott E.
Wilson, C.P.G., which has been filed under the Company's profile on
SEDAR at www.sedar.com.
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.
*Mr. Scott E. Wilson, AIPG Certified Professional Geologist, is
WKM's Independent Qualified Person as defined under NI 43-101. Mr.
Wilson has reviewed and verified the data disclosed in this news
release to be in conformity with generally accepted CIM "Estimation
of Mineral Resource and Mineral Reserves Best Practices" guidelines
and in accordance with NI 43-101.
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.
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.
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.
Cautionary Note to U.S. Investors Regarding the Use of
Mining Terms
This press release has been prepared in accordance with the
securities laws in effect in Canada, which differ from the
requirements of U.S. securities laws. Unless otherwise indicated,
all resource and reserve estimates included in this press release
have been prepared in accordance with National Instrument 43-101
Standards of Disclosure for Mineral Projects ("NI 43-101") and the
Canadian Institute of Mining, Metallurgy, and Petroleum Definition
Standards on Mineral Resources and Mineral Reserves. NI 43-101 is a
rule developed by the Canadian Securities Administrators which
establishes standards for all public disclosure an issuer makes of
scientific and technical information concerning mineral projects.
Canadian standards, including NI 43-101, differ significantly from
the requirements of the U.S. Securities and Exchange Commission
(the "SEC"), and resource and reserve information contained therein
may not be comparable to similar information disclosed by U.S.
companies. In particular, and without limiting the generality of
the foregoing, the term "resource" does not equate to the term
"reserves". Under U.S. standards, mineralization may not be
classified as a "reserve" unless the determination has been made
that the mineralization could be economically and legally produced
or extracted at the time the reserve determination is made. The
SEC's disclosure standards normally do not permit the inclusion of
information concerning "measured mineral resources", "indicated
mineral resources" or "inferred mineral resources" or other
descriptions of the amount of mineralization in mineral deposits
that do not constitute "reserves" by U.S. standards in documents
filed with the SEC. U.S. investors are cautioned not to assume that
any part or all of mineral deposits in these categories will ever
be converted into reserves. U.S. investors should also understand
that "inferred mineral resources" have a great amount of
uncertainty as to their existence and great uncertainty as to their
economic and legal feasibility. It cannot be assumed that all or
any part of an "inferred mineral resource" will ever be upgraded to
a higher category. Under Canadian rules, estimated "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 resource is permitted
disclosure under Canadian regulations; however, the SEC normally
only permits issuers to report mineralization that does not
constitute "reserves" by SEC standards as in-place tonnage and
grade without reference to unit measures. The requirements of NI
43-101 for identification of "reserves" are also not the same as
those of the SEC, and reserves reported by the Company in
compliance with NI 43-101 may not qualify as "reserves" under SEC
standards. In addition, under SEC standards, a company may only be
identified as "development" stage if it has established "reserves"
by SEC standards and is engaged in the preparation of such reserves
for extraction. Accordingly, information concerning mineral
deposits set forth in this press release may not be comparable with
information made public by companies that report in accordance with
U.S. standards.
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.
West Kirkland Mining Inc.R. Michael Jones or Knox Henderson(604)
685-8311
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