WEST High Yield Partners with Envirogold to Extract GOLD and Valuable Minerals from the Company’S Reject Rocks
WEST HIGH YIELD PARTNERS WITH ENVIROGOLD TO EXTRACT GOLD AND VALUABLE
MINERALS FROM THE COMPANY’S REJECT ROCKS
For Immediate Release November 10, 2020
Calgary, Alberta
CALGARY, ALBERTA –November 10, 2020 West High Yield (W.H.Y.) Resources Ltd. ("West High
Yield" or the "Company") (TSXV:WHY) announces that it has entered into a joint venture with EnviroGold
Global for the development, operation, and reclamation of its precious mineral (Au/Ag) rock rejects located
on its gold claims in Rossland, BC. The venture is co nditional upon the parties receiving approval from the
Ministry of Mines in British Columbia and when a pproved, will help West High Yield in unlocking the
tremendous value of the mine reject rocks that were stockpiled on the Company’s claims from historic mining
operations on its Rossland property.
The reject rock averaged 2.5 gpt Au based on i ndependently assayed random 99 bulk samples at Metsolve
Laboratories, BC. All recoverable saleable minerals and metals will be extracted and marketed including but
not limited to recoverable gold and silver. Proceeds from this project will be used by the Company to support
advancement of its strategic vision to develop its mineral resource properties in British Columbia.
The extraction and reclamation of the reject stockpile , which is scheduled to commence in December, 2020,
will be operated and managed by EnviroGold , with all pr oject costs paid by EnviroGold and then recovered
by EnviroGold from the proceeds of sale of the processed reject rock, after which the net proceeds will be split
on a 50/50 basis between the project partners.
President and CEO of West High Yield, Frank Marasco Jr. described the transac tion as “win-win” for both
parties.
“We are excited to partner with EnviroGold to extract the value from our rejects stockpile and use the proceeds
to advance our business plan. EnviroGold’s team a nd experience will assist our Company in unlocking the
value in this ready to process asset.” Mr. Marasco said.
EnviroGold CEO James Canning-Ure said he was excited for the opportunity to be working with West High
Yield in creating value for the Company from a previously mined resource.
“For mine owners like West High Yield, we not only create an otherwise unavailable passive income stream
from waste, but we dramatically reduce a mine’s environ mental footprint, mine site maintenance costs, risk
and rehabilitation commitment,” Mr Canning-Ure said.
The agreement with EnviroGold supersedes a prior agreement of the Company to mine the reject rocks, which
will terminate on November 20, 2020.
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 with a primary objective to locate and
develop economic gold, nickel, and magnesium properties.
About EnviroGold Global
EnviroGold Global is a modern precious metals compa ny with a “Planet before Profit” focus, applying
specialized technologies and processes to recover up to 98% of precious metals from mine tailings, waste and
mine wastewater utilizing cost effective processes w ith a high regard for environmental standards and
transforming uneconomic mine tailings and waste in to a valuable resource. EnviroGold maximizes
environmental stewardship and unloc ks new streams of shared value for shareholders and community
stakeholders and positively impacts climate change.
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]
James Canning-Ure
Chief Executive Officer
EnviroGold Global
Telephone: +61 418 745 477
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
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and assumptions on which such forward‐looking statements and information are based are reasonable, undue reliance should not be placed on the
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