West High Yield Announces Positive 2011 Drill Results
05 Dezembro 2011 - 11:30AM
Marketwired Canada
NOT FOR DISSEMINATION IN THE UNITED STATES OR TO US PERSONS.
West High Yield (TSX VENTURE:WHY) (W.H.Y.) Resources Ltd. ("West High Yield" or
the "Company") announces that it has completed the drilling and testing of 26 NQ
drill holes, aggregating 4,000 metres and conducted 2,087 assays of the drill
cores in its 2011 resource definition drill program on its Record Ridge
Magnesium Property, located near Rossland, British Columbia. The Company
previously reported the results of its 2007 and 2008 Record Ridge drill program
consisting of 51 NQ diamond drill holes aggregating 6,340 metres with 3,874
assays and the early results for 17 drill holes on its 2011 program. Based on
all drill core results achieved to date, the Company is now proceeding with a NI
43-101 Preliminary Economic Assessment ("PEA") Report in respect of the
Company's Record Ridge Magnesium Project. The PEA is being prepared by SRK
Consulting Engineers of Denver, Colorado and the Company anticipates that the
(PEA) will be completed in early 2012. Upon completion of the PEA and provided
that the Company continues to see a continuation of the positive results in its
drilling, testing and metallurgical programs, the Company plans to proceed with
Pre-feasibility and Feasibility Studies on its Record Ridge Magnesium Project.
The Company's two previous reports presented the results of 17 holes (RRS 11-1
through RRS 11-17) from its 2011 drill program. The Company has now received the
assay results of the last nine (9) drill holes. All drill holes intersected
broad zones of magnesium bearing ultramafic rock. RRS 11-19 intersected several
zones of magnesium bearing ultramafic rocks mixed with intervened sub-volcanic
and intrusive dykes, followed by a 53.4 metre thick, broad zone carrying 24.5%
Magnesium. The other six (6) holes all intersected broad zones of significant
magnesium bearing ultramafic rock (serpentinite). Of noteworthy interest are
holes RRS 11-20, RRS 11-23 and RRS 11-25, all of which yielded 152.4 metres of
23.0% to 24.0% magnesium from the surface. The Company is very encouraged by the
results to date. The newly received assay results are set out in detail in the
table below and the map attached to this news release identifies the location of
the drill holes from the programs from 2007, 2008 and the recently completed
2011 program.
----------------------------------------------------------------------------
Depth Length
DDH # (Metres) (True
------------Width) Magnesium
From To (Metres) % Rock Type
----------------------------------------------------------------------------
Serpentinite including
one dyke
RRS 11-18 0.6 89.6 89.0 22.8 (1.9 m)
-----------------------------------------------------
89.6 106.8 17.2 1.98 Monzosyenite
-----------------------------------------------------
106.8 127.5 20.7 15.0 Serpentinized Andesite
-----------------------------------------------------
Monzosyenite -not
127.5 150.1 22.6 N/A sampled
----------------------------------------------------------------------------
RRS 11-19 4.0 10.8 6.8 19.3 Serpentinite
-----------------------------------------------------
Monzosyenite and
10.8 34.5 23.7 5.94 Diagabbro
-----------------------------------------------------
34.5 74.3 39.8 23.2 Serpentinite
-----------------------------------------------------
74.3 78.6 4.3 4.47 Diagabbro
-----------------------------------------------------
78.6 80.7 2.1 20.4 Serpentinite
-----------------------------------------------------
Monzosyenite -not
80.7 99.0 18.3 N/A sampled
-----------------------------------------------------
99.0 152.4 53.4 24.5 Serpentinite
----------------------------------------------------------------------------
Serpentinite including
one dyke
RRS 11-20 0 152.4 152.4 24.0 (1.4 m)
----------------------------------------------------------------------------
RRS 11-21 0 20.2 20.2 22.5 Serpentinite
-----------------------------------------------------
20.2 38.3 18.1 2.73 Diagabbro
-----------------------------------------------------
Serpentinite including
two dykes
38.3 152.4 114.1 22.2 (2 m and 3.7m)
----------------------------------------------------------------------------
RRS 11-22 0 70.4 70.4 23.0 Serpentinite
-----------------------------------------------------
Monzosyenite and
79,4 83.9 13.5 6.4 Diagabbro
-----------------------------------------------------
83.9 152.4 68.5 24.2 Serpentinite
----------------------------------------------------------------------------
Serpentinite including
one dyke
RRS 11-23 0 152.4 152.4 23.5 (1.7 m)
----------------------------------------------------------------------------
RRS 11-24 4.0 21.9 17.9 22.4 Serpentinite
-----------------------------------------------------
21.9 29.0 7.1 5.0 Diagabbro
-----------------------------------------------------
29.0 118.6 89.6 24.5 Serpentinite
-----------------------------------------------------
Monzosyenite and
118.6 137.8 19.2 6.52 Diagabbro
----------------------------------------------------------------------------
Serpentinite including
two dykes
RRS11-25 0 152.4 152.4 23.0 (0.4m and 2m)
----------------------------------------------------------------------------
RRS11-26 4.9 12.9 8.0 8.28 Diagabbro
-----------------------------------------------------
Serpentinite including
12.9 106.3 93.4 21.3 one dyke (2 m)
-----------------------------------------------------
106.3 120.3 14.0 5.59 Diagabbro
-----------------------------------------------------
120.3 152.4 32.1 20.1 Serpentinite
----------------------------------------------------------------------------
The Company also advises that it has applied for the recovery of up to $650,000
pursuant to the BC Mining Tax Credit Program and anticipates receiving the first
tranche of $500,000 in the early part of 2012. In North America, Magnesium sells
for $2.20 U.S. per pound.
About the Company
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. The Company's operations are currently being conducted
on its Rossland Gold Camp property located 2.5 kilometers west of the town of
Rossland, B.C. The Company controls approximately 6,223 contiguous hectares of
mineral and crown granted claims and is exploring for gold on its primary
properties which are the Midnight, OK and IXL crown grants and for magnesium on
the Company's Ivanhoe Ridge, Hidden Valley and Record Ridge properties.
45,320,394 Common Shares Issued
To view the map associated with this press release, please visit the following
link: http://www.marketwire.com/library/20111202-why_800.jpg
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