West High Yield receives drilling permit at Rossland
2020-09-24 13:54 ET - News Release
Mr. Frank Marasco Jr. reports
WEST HIGH YIELD EXPANDS GOLD PROGRAM ON ITS ROSSLAND GOLD CAMP PROPERTY
The BC Ministry of Mines has granted West High Yield (WHY) Resources Ltd. a drilling permit for the drilling of 22 drill holes of up to 600 metres per hole and an aggregate of 20,000 metres on the company's Midnight gold claim located in the Rossland gold camp. The Rossland gold camp historically produced over 2.76 million ounces of recovered gold and 3.52 million ounces of recovered silver. Historical gold production and geological work and drill holes conducted by the company's results reinforce the potential of the Midnight claim.
The company is utilizing the analysis from the 26-gold-drill-hole program conducted by the company in 2009 on its Midnight claim. All holes intersected a series of quartz veins and gold bearing serpentinites with significant gold values, notably hole MN09-15, which returned weighted average of 40.1 grams per ton over a true width of 2.3 metres, including 198 g/t Au for a true width of 0.8 metre near surface (13.9 metres in drill depth) and hole MN09-24, which returned a weighted average of 25.16 g/t over a true width of 3.6 metres, including 73.23 g/t Au for a true width of 1.2 metres.
Highlights of the 2009 drill program are set out in the attached table.
Hole Depth (m) From (m) To (m) Width (m) Grade Au (g/t) MN 09-4 123 31.3 39.4 8.1 12.2 MN 09-6 121 13.6 26.8 13.2 7.40 MN 09-15 106 13.9 18 4.1 40.11 MN 09-24 82 28.9 33.5 4.6 25.16
Based on the previously released 2009 drill core results, the company plans to further define the gold mineralization on its Midnight claim in order to allow the company to proceed with a mineral resource estimate pursuant to National Instrument 43-101.
"The Midnight claim contains high-grade quartz-carbonate veins with native gold and minor silver and sparse sulphides. The company is encouraged by the theory given by many of its senior geology consultants that the series of gold-enriched quartz veins and gold-bearing serpentinites identified by the drill holes to date, have been enriched from a contained deeper source. In accordance with this hypothesis, the company planned the next drill holes to be drilled to a depth of at least 600 metres per hole," stated Cory Peck, PGeo, who advises the company.
The attached chart depicts recorded past production from up to 1941 from the combined Midnight, IXL and OK claims, which are now part of the company's land base in Rossland, B.C.
Claim Tonnes Grams Au Grade Au g/t Ounces Au Grade Au o/t IXL 5,248 809,766 154 25,912.5 4.49 Midnight 4,760 218,346 46 6,987.1 1.34 OK 293 17,916 61 573.3 1.78 Total 10,301 1,046,028 101.5 33,472.9 2.96
"The company is excited and energized by the convergence of global market opportunities for West High Yield. Our ability to further define the potential of the Midnight gold claim will be an additional value driver in addition to the next steps in the commercialization of the company's proven magnesium asset coupled with the nickel and high-grade silicate to be produced through our proprietary and environmentally sensitive extraction process. The company thanks the shareholders for their patience and continued support of this green mining project," stated president and chief executive officer Frank Marasco Jr.
About West High Yield (WHY) Resources Ltd.
West High Yield is a publicly traded junior mining exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada with a primary objective to locate and develop economic gold, nickel and magnesium properties.
We seek Safe Harbor.
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