West High Yield Announces Permit Application Submission
West High Yield Announces Permit Application Submission
CALGARY, Alberta, Feb. 14, 2019 -- West High Yield (W.H.Y.) Resources Ltd. ("West High Yield" or the "Company") (TSXV:
WHY) is pleased to announce that it has submitted a joint Permit Application for a Mines Act permit and Environmental
Management Act permit (the "Permit Application") proposing to develop and operate its Record Ridge Industrial Mineral Mine
Magnesium Project (the "RRIMM Project") near Rossland, British Columbia.
This Permit Application’s structure and content follows the guidance provided in the "Joint Application Information
Requirements for Mines Act and Environmental Management Act Permits" (dated February 2016) prepared by the BC Ministry
of Energy and Mines and the BC Ministry of Environment (together, the "Ministries") and associated draft Section 4 revision
(dated March 22, 2018). In addition, the Permit Application addresses the list of information requirements as per the Joint
Information Requirements Table ("IRT") that was developed and reviewed by the Mine Development Review Committee of the
Major Mines Permitting Office, specifically for the RRIMM Project.
The Company began an extensive program of collecting environmental data in 2016 under the guidance and direction of
Greenwood Environmental Inc. and in close coordination with SRK Consulting (Canada) Inc. who provided engineering
oversight and mine planning. The Company's RRIMM Project team has met weekly and has participated with the reviewers
from the Ministries in the pre-application phase to determine the requirements and any specifics and methodologies that were
or may be required for the Permit Application.
The Permit Application will now be screened against the information required in its unique IRT and any changes or additional
information requested will be considered by the Company. The Permit Application includes the principal report and 31
individual management reports and environmental assessments.
About West High Yield
West High Yield is a publicly traded junior mining exploration company focused on the acquisition, exploration and
development of mineral resource properties in Canada.
For further information please contact:
Frank Marasco
President and Chief Executive Officer
West High Yield (W.H.Y.) Resources Ltd.
Telephone: (403) 660-3488
Facsimile: (403) 206-7159
Email: [email protected]
Dwayne Vinck
Chief Financial Officer
West High Yield (W.H.Y.) Resources Ltd.
Telephone: (403) 257-2637
Facsimile: (403) 206-7159
Email: [email protected]
Reader Advisory
This press release contains forward-looking statements and forward-looking information within the meaning of applicable
securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will",
"project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or
statements. More particularly and without limitation, this press release contains forward-looking statements and information
concerning the process and timing of review of the Permit Application by the Ministries. The forward-looking statements and
information are based on certain key expectations and assumptions made by the Company. Although the Company believes
that the expectations and assumptions on which such forward-looking statements and information are based are reasonable,
undue reliance should not be placed on the forward-looking statements and information because the Company can give no
assurance that they will prove to be correct.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and
are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ
materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the
results to differ materially from those expressed in the forward-looking information include, but are not limited to: general
economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry
partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the
need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things,
skilled personnel and supplies; changes in tax laws; and other factors. Readers are cautioned that this list of risk factors
should not be construed as exhaustive.
Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof,
and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no
obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or
otherwise, except as required by applicable law.
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 press release.
Not for distribution in the United States. This news release does not constitute an offer to sell or a solicitation of an offer to
buy any securities in the United States. The securities of the Company will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to,
or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the
U.S. Securities Act.