West Kirkland Announces Surface Gold and Silver Values on Newly Acquired Mineral Rights, Tonopah, Nevada
SUITE 788 – 550 BURRARD STREET, VANCOUVER, B.C. V6C 2B5 CANADA / TEL: 604-685-8311 / FAX: 604-484-4710
News Release No. 100-2018
Jan 10, 2018
West Kirkland Announces Surface Gold and Silver Values on Newly
Acquired Mineral Rights, Tonopah, Nevada
VANCOUVER, BRITISH COLUMBIA, January 10, 2018 – West Kirkland Mining I nc.
(WKM:TSXV) (“West Kirkland”, “WKM” or the “Company”) is pleased to announce a number of
significant surface gold and silver assay values on newly acquired 100% controlled mining
claims near Tonopah, Nevada. Recently received surface sampling results support historically
reported good gold grades and silver veins of interest. The results also outline several targets at
surface to be defined for new bulk oxide, open pit gold and silver mineralization. Further assay
results from a trenching program are pending and this will shortly be followed by a ten-hole drill
program. The se new positive results include the Divide target which hosts broad zones of
exposed mineralization and has no record of exploration since shafts were sunk there in the
1920’s and the Southerland target which also has no record of previous drilling.
Sandy McVey Chief Operating Officer of WKM said “These new exploration targets are a priority
to WKM since the gold and silver mineralization is at surface and is in close proximity to our
current 75% owned Reserves at Hasbrouck. We already have a very robust project with 46%
IRR and NPV5 of US$ 129 million (100% basis) at current gold prices. Adding any resources to
the heap leach profile would greatly enhance the Hasbrouck Gold project” (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).
Table – Surface Chip and Composite Samples – Assays Over 0.5 g/t
SAMPLE
ID LOCATION Sample
Type Sample Length (ft) Au (g/t) Ag (g/t)
121427 HILL OF GOLD OUTCROP 5' 31.7 17.0
121428 HILL OF GOLD OUTCROP 5' 5.5 9.4
121429 HILL OF GOLD OUTCROP 20' x 30' 1.5 12.9
121430 HILL OF GOLD OUTCROP 5' 0.6 7.5
121431 HILL OF GOLD OUTCROP 5' 4.5 48.7
121505 SOUTHERLAND OUTCROP 30' 1.2 2.3
121514 SOUTHERLAND PROSPECT 5 x 5 x 8' 6.4 8.6
121535 DIVIDE DUMP COMP 1.3 155.0
121543 DIVIDE OUTCROP 30' 0.7 8.1
121556 DIVIDE DUMP COMP 1.5 16.8
121559 DIVIDE DUMP COMP 3.4 16.5
121560 DIVIDE OUTCROP 10' 1.3 134.0
121561 DIVIDE DUMP COMP 1.1 50.2
121567 DIVIDE DUMP COMP 4.3 104.0
121569 DIVIDE OUTCROP 30' 0.7 29.9
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121570 DIVIDE OUTCROP 30' 0.9 49.7
121571 DIVIDE OUTCROP 30' 0.6 10.4
121574 DIVIDE DUMP COMP 2.3 324.0
121577 DIVIDE TRENCH 40' 6.9 41.5
121578 DIVIDE DUMP COMP 5.4 315.0
121583 DIVIDE DUMP COMP 0.7 5.7
121586 DIVIDE CUT 20' 0.8 90.1
Gold Silver
Number
of
Samples
Average
g/t
Median
g/t
Standard
Deviation
g/t
Average
g/t
Median
g/t
Standard
Deviation
g/t
All samples 159 0.6 0.1 2.7 12.2 1.7 40.6
All samples over 0.5 g/t 22 3.8 1.4 6.6 66.2 23.5 92.6
Divide samples 53 0.7 0.2 1.4 31.8 7.1 65.9
Divide samples over 0.5 g/t 15 2.1 1.3 2.0 90.1 49.7 104.1
Map – WKM Property and Exploration Targets
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Divide Target
The Divide Target is located 1.2 km north of the Company’s Hasbrouck open pit Reserves. The
area includes at least three historic shafts dating from the 1920’s with one shaft reported as
sunk to 100 meters. Mineral title to this area was recently clarified through court action initiated
by Tonopah Divide Mining Company (“TDMC”), the lessor of this land, allowing exploration to
now take place. Sampling by WKM was performed following the 100% interest lease
agreement with TDMC announced by the Company on December 18, 2017. Sampling supports
a clear target for drilling with the objective of adding to the Company’s at -surface, open pit
resources and reserves for heap leach extraction.
The results of surface sampling are given above and include chip samples from outcrops and
composite samples from historic shaft dumps. Results ranging from 0.4 g/t gold to 5.4 g/t gold
and 315 g/t silver have been obtained . Sampling supports the reports dating from the 1920’s
and indicates potential for bulk open pit gold and silver mineralization exposed at surface in
many locations surrounding the historic workings . At the time of the historical shaft work, bulk
open pit mining with low cost heap leach extraction did not exist.
The exposed target area with reported gold values is approximately 500 m by 300 m. Trenching
has increased the sampled target area and has helped to define t he controls on gold and silver
mineralization.
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Interestingly, if all the chip and composite samples recently taken by the Company from the
Divide Area (53 samples) are averaged, the resulting grade value is 0.7 g/t gold and 31.8 g/t
silver. If only samples greater than 0.5 g/t Au (15 samples) are used the simple average is 2.1
g/t gold and 90.1 g/t silver. Samples were taken as chips over the widths shown in the table
below. Samples from historic shaft dumps were taken as an unbiased composite over the whole
dump.
Hill of Gold Target
The Hill of Gold target is located four km north of the Hasbrouck Reserves and was leased by
WKM in November 2016. Surface sampling by WKM on the Hill of Gold area includes a sample
assaying at 31.7 g/t gold on the central historical vein . Drilling by WKM in 2017 expanded the
1996 historic resource area to the north-west. Mapping and sampling by WKM in late 2017 also
found targets near historic shaft s located east of the 1996 historic resource and this area is
planned to be drilled or trenched in the current exploration program.
Southerland Target Area
This target area is located on a group of six lode claims leased and on land staked by WKM in
December 2017 which adjoins both the Hill of Gold lease and the TDMC lease. Located 3.5 km
north of the Hasbrouck Reserves, the Company has found no record of modern exploration or
drilling there. Chip sampling by WKM geologists along 10 m of a mineralized ridge returned 1.2
g/t gold and 2. 3 g/t silver and a prospect pit assayed 6.4 g/t gold and 8.6 g/t silver . Drilling is
planned in this area.
About the Hasbrouck Gold Project and West Kirkland
Over the past twelve months, West Kirkland has progressively acquired a 100% interest in
3,700 acres of prospective land between the original two deposits of the Hasbrouck Gold
Project. The Hasbrouck Gold Project contains Proven & Probable Reserves of 784,000 gold
equivalent oz, (45,270,000 tons at 0.017 Au oz/t for 762,000 contained Au oz; 0.233 Ag oz/t for
10,569,000 contained Ag ounces) (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). Waterton Precious Metals Fund II Cayman, LP holds a 25%
interest in the Hasbrouck Gold Project and is participating in project expenditures. The first pit is
fully permitted and permitting the second pit is ongoing.
The Hasbrouck Gold Project consists of two all -oxide gold-silver deposits eight km apart, near
the Town of Tonopah in southern Nevada. Both deposits can be open-pit mined at 1:1 stripping
ratios with minimal pre -stripping and with 76% gold recove ry by heap leaching . There are no
known technical, environmental, economic or social obstacles that would prevent the company
from proceeding immediately to constructio n on the first part of the Hasbrouck Mine plan at
Three Hills. Permitting is advanced and is in progress for the second part of the mine plan.
Qualified Person
R. Michael Jones P.Eng, CEO of West Kirkland Mining, is a non -independent Qualified Person
as defined by NI 43 -101. He has reviewed the information contained in this news release and
has verified the data by hiring qualified geologists and engineers and has completed a review of
the detailed technical information. Mineral Reserve information in this news release relating to
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the Hasbrouck Gold Project has been developed and approved by Thomas L. Dyer, P.E., of
MDA following CIM standards.
Quality Assurance/Quality Control
West Kirkland Mining utilizes a well -documented system of inserting blanks and standards into
the assay stream and has a strict chain of custody. Assays are completed at independent
laboratories which have internal quality assurance and quality control sy stems and
procedures. Assays were performed by ALS Chemex Labs Ltd., by fire assay and ICP
methods.
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].
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, , the project approach of the Prefeasibility Study and exploration and all
information under the hea ding “Prefeasibility Study Detail” . Historical mineral title also has risk
of an unrecorded claim. The Company cautions investors that any forward -looking information
provided by the Company is not a guarantee of future results or performance, and that act ual
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 min erals that may be produced generally,
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 ne cessary 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 r isk
factors and their potential effects which 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 Exchan ge) accepts responsibility for the adequacy or
accuracy of this release.