March 24, 2011
VANCOUVER, BRITISH COLUMBIA, March 24, 2011 - West Kirkland Mining Inc. (“WKM-TSXV”) (“West Kirkland” or the “Company”) is pleased to provide an update on exploration activities currently underway on the Company’s Kirkland Lake properties.
Drilling is continuing on the Company’s Kirkland Lake properties. A second drill rig has now been added to the program, and mobilized to follow up on the Company’s high-grade intercept of 19.79 g/t Au over 7.9 meters on the Cunningham Property (see press release dated November 18th 2010). The Company has been acquiring properties in addition to the 100% optioned Cunningham Property to the west of the original intercept. The Company has identified and now acquired 100% option interests along a five kilometer long structure where limited shallow drilling has intersected gold mineralization and intercepts have not been followed up at depth. A minimum of 5,000 meters of drilling is budgeted for this target area.
A drill rig is also currently being mobilized to the Goldbanks Property which is West Kirkland’s closest property to the gold mines in Kirkland Lake. This drill rig has been testing regional targets and taking advantage of ice conditions on Kenogami Lake to drill the projection of the main Kirkland Lake Break.
Drilling on the Goldbanks Property will test the prolific gold bearing ’05 and ’04 break structures projecting onto the property from the Macassa Mine which has produced nearly four million ounces of gold. The Macassa # 3 headframe is located approximately 1,200 meters from the eastern Goldbanks Property boundary and 2,300 meters along strike from the collar of the Company’s first drillhole on the Goldbanks Property.
Recent published gold values from Macassa underground drilling are located west, towards Goldbanks, across a fault that historically was thought to limit the gold camp. These intercepts indicate potential at Goldbanks. Goldbanks has the break fabric of the mine crossing through the property.
West Kirkland will be the first company to do modern diamond drilling on the Goldbanks Property. Limited historic drilling generated intercepts of 6.5 g/t Au over 1.8 meters and 24.34 g/t Au over 0.3 meters, both at shallow depths. This rig will concentrate on evaluating the Goldbanks Property with a minimum budget of 3,000 meters.
Mr. Ken Kryklywy, the Company’s Manager of Ontario and Quebec said, “It’s going to be a very exciting spring drilling in the shadow of a 25 million ounce gold deposit and chasing high grade intercepts that have seen limited follow up.”
Qualified Person, Verification, Quality Control and Assurance
Michael G. Allen, P. Geo, is the non-independent qualified person for this news release. He has relevant experience in exploration and development projects in North America over the past twelve years.
About West Kirkland Mining
West Kirkland Mining was formed in 2010 to focus on gold exploration along major trends in North America. The Company has consolidated significant mineral rights positions in the Kirkland Lake area of Ontario and within major gold trends of North Eastern Nevada -two of North America’s premier gold jurisdictions. The company will be drilling extensively in both gold camps in 2011.
In addition to a $2 million minimum exploration budget in Kirkland Lake, West Kirkland Mining has a minimum exploration budget in Northern Nevada of $2 million in northern Nevada also along the major trends. An update from compilation work being completed on the large volume of data including geology, geochemistry, geophysics and drilling that is part of the joint venture on 11 properties with Fronteer Gold in Nevada is expected shortly. A 2011 drill plan update for Nevada will be released at this time.
The founders and Board of West Kirkland Mining have successful gold discovery, development and mine operations experience in both Ontario and Nevada over the past 40 years.
For further information, please see the Company’s website at www.wkmining.com or contact us by email at [email protected] or call:
West Kirkland Mining Inc.
R. Michael Jones, Michael Allen or Matthew Chandler at (604) 685-8311
Or
Sequoia Partners
Don Graham: 778-558-4310 or [email protected]
James Beesley: 778-389-7715 or [email protected]
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.
Disclaimer for Forward-Looking Information
This press release contains forward-looking information within the
meaning of Canadian 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.
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West Vault Mining Inc.
Suite 838 – 1100 Melville Street
Vancouver, BC
Canada V6E 4A6
[email protected]
Qualifying Statements
For readers to fully understand the information in this independent media, they should read the 2023 Pre-feasibility Study, which has been prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) (available on www.sedar.com), in its entirety, including all qualifications, assumptions, limitations and exclusions that relate to the information set out in this independent media. The 2023 Pre-feasibility Study is intended to be read as a whole, and sections should not be read or relied upon out of context. The technical information in this independent media is derived from, and subject to the assumptions and qualifications contained in, the 2023 Pre-feasibility Study.
Qualified Person for This Independent Media
Sandy McVey P.Eng., Chief Executive Officer and Chief Operating Officer for West Vault Mining, as a non-independent Qualified Person as defined in NI 43-101, has reviewed and approved the technical information disclosed in this independent media.
Disclaimer for Forward-Looking Information
This independent media may contain forward-looking information or forward-looking statements (collectively “forward-looking information”) within the meaning of applicable securities laws. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this email include, without limitation, statements regarding the potential economic performance of the Project based on the 2023 Pre-feasibility Study, the Company’s ability to obtain any additional permits required to commence and complete construction and perform operations, the Company’s ability to obtain funding on reasonable terms, and the potential identification, execution, and realization of accretive opportunities. Although West Vault Mining believes that such information as set out in this independent media is reasonable, it can give no assurance that such expectations and estimates will prove correct. West Vault Mining cautions investors that any forward-looking information provided by West Vault Mining is not a guarantee of future results or performance, and that actual results may differ materially from forward-looking information as a result of various factors. The reader is referred to West Vault Mining’s public filings for a more complete discussion of such risk factors and their potential effects; these 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) accept responsibility for the adequacy or accuracy of this release.
Note to US Investors
This independent media has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of United States securities laws. The terms “Mineral Resource”, “Indicated Mineral Resource” and “Inferred Mineral Resource” are defined in and required to be disclosed by NI 43-101. However, these terms are not defined terms under SEC S-K 1300 and are normally not permitted to be used in reports and registration statements filed with the SEC. In addition, the terms “Mineral Reserve”, “Probable Mineral Reserve” and “Proven Mineral Reserve” are also defined in NI43-101 and not S-K 1300. Investors are cautioned not to assume that all or any part of an “Indicated Mineral Resource” or “Inferred Mineral Resource” will ever be upgraded to a higher category or converted into Mineral Reserves in accordance with S-K 1300. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. Under Canadian rules, estimates of 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 Mineral Resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute “Reserves” by SEC S-K 1300 standards as in-place tonnage and grade without reference to unit measures. Accordingly, information contained in this independent media contains descriptions of West Vault Mining’s mineral deposits that may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder.
