West Mining (WEST) is acquiring five additional mineral tenures in British Columbia.
The tenures are for the company's Athabasca Property in the southeastern part of the province.
The addition of the five tenures increases the listed size of the Athabasca Property to over 975 hectares.
The Athabasca Property, containing the historic Athabasca Mine, represents the northern extension to the Vancouver company's larger Kena Project.
“The historic Athabasca Mine, operated intermittently between 1899 and 1943, grading 30 g/t gold and 10 g/t silver with minor copper, lead and zinc values from 20,219 tonnes milled. The opportunity arose to consolidate and increase our tenures and judging on past numbers alone, it will be beneficial to the Company and our shareholders,” said West Mining President and CEO Nicholas Houghton.
West Mining Corp is a mineral exploration company acquiring and developing prospective advanced early-stage exploration projects.
A recent gold resource estimate for the Kena Project shows an indicated 561,000 ounces gold and an inferred 2.77 million ounces gold at a 0.25 grams-per-tonne cutoff within an open ended portion of the system.
West Mining is unchanged, trading at $0.17 at 3:44 pm ET.