West Kirkland Files Hasbrouck and Three Hills Technical Report on SEDAR
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 24, 2014) - West Kirkland Mining Inc. (TSX VENTURE:WKM) ("West Kirkland" or the "Company") has filed on SEDAR a National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") compliant technical report on the Hasbrouck and Three Hills properties, Nevada (the "Report"). The Report was filed on SEDAR February 24, 2014 following the Company's news release also on February 24, 2014 announcing a new mineral resource estimate on the Project, which includes both the Hasbrouck and Three Hills deposits.
The Report, titled "Technical Report for the Hasbrouck Project, Esmeralda County, Nevada, USA", is dated effective February 21, 2014. It was prepared in conformance with NI 43-101 by Mr. Scott E. Wilson, AIPG Certified Professional Geologist, who is WKM's Independent Qualified Person as defined under NI 43-101. He has supervised the preparation of the information that forms the basis of the written disclosure in the news release dated February 24, 2014.
Hasbrouck and Three Hills Deposits Resource Statement (February 21, 2014)
HASBROUCK (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 | 14,686 | 0.014 | 0.307 | 0.019 | 206 | 4,509 | 285 | |
Indicated | 55,002 | 0.011 | 0.248 | 0.015 | 605 | 13,640 | 844 | |
Measured & Indicated | 69,688 | 0.012 | 0.260 | 0.016 | 811 | 18,149 | 1,128 | |
Inferred | 58,921 | 0.007 | 0.189 | 0.010 | 412 | 11,136 | 607 | |
AuEq calculated AuEq = Au + (Ag/57.14) | ||||||||
THREE HILLS (0.005 opt Au Cutoff) | ||||||||
Category | Tons | Gold | Silver | AuEq | Gold | Silver | AuEq | |
(000 tons) | opt | opt | opt | (000 oz) | (000 oz) | (000 oz) | ||
Measured | 1,091 | 0.023 | N/A | N/A | 25 | 0 | 25 | |
Indicated | 7,413 | 0.017 | N/A | N/A | 126 | 0 | 126 | |
Measured & Indicated | 8,504 | 0.018 | N/A | N/A | 151 | 0 | 151 | |
Inferred | 11,002 | 0.014 | 154 | 154 | ||||
AuEq calculated AuEq = Au + (Ag/57.14) | ||||||||
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) |
Notes:
- 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 NI 43-101. 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.
The technical report is consistent in all material respects with the Mineral Resource announced in the February 24, 2014 news release. A copy of the report can be found at www.sedar.com and on the Company's website.
Reconciliation to the Previous Mineral Resource Estimate Announced January 27, 2014
The mineral resource estimate disclosed above considers data not considered at the time of the original mineral resource estimate announced by the Company on January 27, 2014. Specifically, at Three Hills an additional 25 holes were used in the mineral resource calculation. Mr. Wilson also completed an analysis of the Hasbrouck database resulting in an updated mineral resource estimate for the Hasbrouck Deposit. At Three Hills the new estimate contains 8,504,000 measured and indicated tons grading 0.018 opt Au with 11,002,000 inferred tons grading 0.014 opt Au using a 0.005 opt Au cutoff. The previously announced estimate contained an indicated 5,736,000 tons 0.023 opt Au and 10,600 inferred tons grading 0.015 opt Au using a 0.01 opt Au cutoff. At Hasbrouck the updated resource contains 69,688,000 measured and indicated tons grading 0.012 opt Au and 0.260 opt Ag with 58,921,000 inferred tons grading 0.007 opt Au and 0.189 opt Ag using a 0.005 opt AuEq cutoff. The previously announced estimate contained 128,608,000 inferred tons grading 0.009 opt Au and 0.228 opt Ag using a 0.005 opt AuEq cutoff. Both estimates used the same formula for calculating AuEq, AuEq = Au + (Ag/57.14) The February 21, 2014 resource estimate supersedes all previous estimates.
The Mineral Resources have been prepared by Scott E. Wilson in conformity with generally accepted CIM "Estimation of Mineral Resource and Mineral Reserves Best Practices" guidelines and are reported in accordance with the Canadian Securities Administrators NI 43-101. 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 estimate will be converted into mineral reserves.
Qualified Persons
Mr. Scott E. Wilson, AIPG Certified Professional Geologist, is WKM's Independent Qualified Person as defined under NI 43-101. He has recently visited the Properties and has read and approved the technical information in this news release. 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.
Michael G. Allen, Vice President of Exploration for WKM, and a Qualified Person as defined by NI 43-101, has reviewed the information contained in this news release. He is the non-independent qualified person for this new release and has verified the data.
About West Kirkland Mining
WKM was formed in 2010 to focus on gold exploration along major trends in North America. The Company has consolidated significant mineral rights positions within the Long Canyon Trend of Nevada/Utah. The founders and Board members of WKM have successful experience in gold discovery, mine development and mine operations in Nevada and other gold producing jurisdictions in North America.
For further information, please see the Company's website at www.wkmining.com.
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. 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.
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.
Contact
West Kirkland Mining Inc.
R. Michael Jones
(604) 685-8311
West Kirkland Mining Inc.
Michael Allen
(604) 685-8311
West Kirkland Mining Inc.
Knox Henderson
(604) 685-8311
(604) 484-4710
info@wkmining.com
www.wkmining.com