WEST Kirkland Announces Revised Strategic Plan
SUITE 838 – 1100 MELVILLE STREET, VANCOUVER, B.C. CANADA V6E 4A6 TEL: 604-899-5450 FAX: 604-484-4710 WWW.WKMINING.COM
News Release No. 119-2019
August 12, 2019
WEST KIRKLAND ANNOUNCES REVISED STRATEGIC PLAN
VANCOUVER, BRITISH COLUMBIA, August 12, 2019 – West Kirkland Mining Inc.
(WKM:TSXV) (“West Kirkland” or the “Company”) announces that at a recent meeting of the Board
of Directors a revised strategic plan was developed for the Company with the intention to amplify
the Company’s strengths while reducing holding costs and dilution risks for shareholders.
Key strengths of the Company include its 75% ownership of, and its 1.1% net smelter return
royalty over, the Hasbrouck Gold Project located in Tonopah, Nevada. The Hasbrouck Gold
Project, comprised of the planned Three Hills Mine and the nearby planned Hasbrouck Mine,
contains Proven & Probable Reserves of 784,000 gold equivalent oz (45,270,000 tons at 0.017
Au oz/ton for 762,000 contained Au oz; 0.233 Ag oz/ton for 10,569,000 contained Ag ounces)1.
Key objectives of the Company’s revised strategic plan include:
• Holding permitted gold reserves in Nevada;
• Minimizing holding and overhead costs;
• Protecting and enhancing shareholder value;
• Developing the Hasbrouck Project if and only if market conditions are compelling and
financial risks are low; and
• Returning capital to shareholders.
In 2019, the Fraser Institute stated that “Nevada is the best jurisdiction for investing in mining in
the world”. Ha sbrouck is located in a safe, historic mining district with a community keen for a
new mine. While all key permits for the open pit Three Hills Mine construction and operations
were secured in 2016, the Company continues work on permitting the open pit Hasbrouck Mine.
The permitting process for the Hasbrouck Mine is on track to obtain federal permits in Q4 2019.
“The Hasbrouck Project is one of only a handful of shovel-ready, high margin gold projects. The
Hasbrouck Project is simple construction and the first phase can be commenced when the time
is right”, said Sandy McVey, West Kirkland’s Chief Operating Officer. The Hasbrouck and Three
Hills deposits are all -oxide with low stripping ratios, minimal pre -strip, and no adverse
environmental or cultural factors. The resources and their metallurgy have been well-studied and
analyzed. Good infrastructure exists nearby consisting of accommodations, grid electricity, paved
highways and multiple water sources.
For more information about the Company, its strategic plan and the Hasbrouck Project, please
visit the Company’s website at www.wkmining.com or review the Company's profile on SEDAR
at www.sedar.com.
1 Technical Report and Updated Preliminary Feasibility Study for The Hasbrouck and Three Hills Gold -Silver Project,
Esmeralda County, Nevada, USA, Report Date: September 14, 2016 prepared by Thomas L. Dyer, P.E. and Paul Tietz,
C.P.G. of Mine Development Associates (MDA). Waterton Precious Metals Fund II Cayman, LP holds a 25% interest
in the Hasbrouck Gold Project and is participating in project expenditures.
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SUITE 838 – 1100 MELVILLE STREET, VANCOUVER, B.C. CANADA V6E 4A6 TEL: 604-899-5450 FAX: 604-484-4710 WWW.WKMINING.COM
About West Kirkland Mining Inc.
West Kirkland is focused on acquiring and advancing near -construction gold projects in safe
jurisdictions, and owns a 75% interest in, and a 1.1% net smelter return royalty over, the
Hasbrouck Gold Project in Tonopah, Nevada.
The Company has secured an option on a district scale land position for future exploration. At
this time, the Company will focus its efforts on completing full permitting for its gold reserves.
On behalf of West Kirkland Mining Inc.
“R. Michael Jones”
Chief Executive Officer
For further information, please see the Company’s website at www.wkmining.com or contact us
by email at [email protected].
Investor Relations:
R. Michael Jones
(604) 685 8311 / [email protected]
Authors and Qualified Persons Statement
Sandy McVey, P.Eng., Chief Operating Officer for West Kirkland, and a non -independent
Qualified Person as defined by National Instrument 43 -101 Standards of Disclosure for Mineral
Projects (“NI 43-101”), has reviewed the technical information contained in this news release and
has verified the relevant data. Quality Control and Assay information is as previously disclosed
in the Company’s technical reports.
Disclaimer for Forward-Looking Information
This press release contains forward -looking information or forward -looking statements
(collectively "forward -looking information") within the meaning of applicable securities laws.
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. Forward-looking information in this news release includes, without
limitation, discussion of permitting status and the timing thereof and other statements that are not
historical facts. Information about details contained in the prefeasibility study are also forward -
looking statements in that they reflect a predic tion of the mineralization that would be
encountered, and the results of mining it, if a mineral deposit were developed and mined. Although
West Kirkland believes that such information as set out in this press release is reasonable, it can
give no assurance that such expectations and estimates will prove to be correct. 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 genera lly, significant increases in any of the machinery,
equipment or supplies required to develop and operate a mine, a significant change in the
availability or cost of the labor force required to operate a mine, a significant increases in the cost
of transportation for the Company’s products, 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 nece ssary 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
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SUITE 838 – 1100 MELVILLE STREET, VANCOUVER, B.C. CANADA V6E 4A6 TEL: 604-899-5450 FAX: 604-484-4710 WWW.WKMINING.COM
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.
Cautionary Note to U.S. Investors Regarding the Use of Mining Terms
This press release has been prepared in accordance with the securities laws in effect in Canada,
which differ from the requirements of U.S. securities laws. Unless otherwise indicated, all
resources and reserve estimates reported by the Company in relation to the 2016 Updated Pre -
feasibility Study have been prepared in accordance with NI 43-101 and the Canadian Institute of
Mining, Metallurgy, and Petroleum Definition Standards on Mineral Resources and Mineral
Reserves. NI 43-101 is a rule developed by the Canadian Securities Administrators which
establishes standards for all public disclosure an issuer makes of scientific and technical
information concerning mineral projects. Canadian standards, including NI 43 -101, differ
significantly from the requirements of the U.S. Securities and Exchange Commission (the “SEC”)
Industry Guide 7, and resource or reserve information contained herein may not be comparable
to similar information disclosed by U.S. companies. In particular, and without limiting the
generality of the foregoing, “resources” and “reserves” established under NI 43 -101 standards
may not qualify as “resources” and “reserves” under U.S. standards. Under U.S. standards,
mineralization may not be classified as a “reserve” unless the determination has been made that
the mineralization could be economically and legally produced or extracted at the time the reserve
determination is made. In addition, under U.S. standards, a “Final” or “Bankable” feasibility study
is required to report reserves, the three -year historical average price is used in any reserve or
cash flow analysis to designate reserves and the primary environmental analysis or report must
be filed with the appropriate governmental authority. Disclosure of “co ntained ounces” in a
resource is permitted disclosure under Canadian regulations; however, the SEC normally only
permits issuers to report mineralization that does not constitute “reserves” by SEC standards as
in-place tonnage and grade without reference t o unit measures. Accordingly, information
concerning mineral deposits set forth in this press release may not be comparable with
information made public by companies that report in accordance with U.S. standards.
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.