WEST Kirkland Mining Inc. Begins Trading ON OTCQB Under Ticker Symbol Wkldf
SUITE 788 – 550 BURRARD STREET, VANCOUVER, B.C. V6C 2B5 CANADA / TEL: 604-685-8311 / FAX: 604-484-4710
News Release No. 91-2017
March 1, 2017
WEST KIRKLAND MINING INC. BEGINS TRADING ON OTCQB UNDER
TICKER SYMBOL WKLDF
VANCOUVER, BRITISH COLUMBIA, March 1, 2017 – West K irkland M ining Inc. (WKM:
TSXV) (WKLDF: OTCQB) (“West Kirkland” or the “Company”) announced today that its common
stock is now trading on the OTC Market Group’s OTCQB® Venture Market under the ticke r
symbol “WKLDF” effective February 28, 2017.
The OTCQB® Venture Market, operated by OTC Markets Group Inc., requires companies to
remain current and compliant in their reporting, and undergo an annual verification and
management certification process. These standards provide improved investor confidence
through verified information, as well as greater information availability, and transparent prices for
investors.
West Kirkland is an emerging gold mine developer with advanced staged assets in Nevada. The
Company owns a 75% interest in the Hasbrouck Gold Project in Tono pah, Nevada. A Pre -
Feasibility Study and Environmental Assessment with construction-level drawings and all federal
and state permits for the phase-one Three Hills Mine provides an advanced project for potential
expansion with drilling underway. West Kirkland also holds a 60% interest in the open pit heap -
leach TUG Gold Project in Utah in Joint Venture with Newmont Mining Corporation.
The Hasbrouck Project consists of the Hasbrouck Mine, Three Hills Mine, and surrounding land
package, all located near Tonopah, Nevada. All dollar values presented in this news release are
U.S. dollars and are presented on a 100% project basis. Highlights include:
Low initial capital cost of $47 million with a 12-month construction period
Open pit mining with minimal pre-stripping and an overall stripping ratio of 1.1:1
594,000 recoverable gold equivalent ounces*
74,000 gold equivalent ounces* produced annually for eight years
$717 All-in Sustaining Cost per Au ounce
Robust 2016 pre-feasibility study indicating after-tax NPV (5%) of $120 million and
a 43% IRR
$1,275/oz Au and $18.21/oz Ag metal price assumptions
Good exploration potential proximal to the Three Hills permitted pit
*Gold equivalent ounces produced are calculated by multiplying the silver ounces by 18.21 over
1,275 and then adding to the gold ounces
…/2
Proven and Probable Reserves total 45.3 million tons containing 762,000 ounces gold and 10.6
million ounces silver as detailed below:
Hasbrouck Project Reserves, June 3, 2015, Mine Development Associates (1, 2)
Three Hills Mine Reserves K tons
Ore
Grade
(oz Au/ton)
K oz
Au
Grade
(oz Ag/ton)
K oz Ag
0.005 opt
Au cutoff
Proven - - - - -
Probable 9,653 0.018 175 - -
P&P 9,653 0.018 175 - -
Hasbrouck Mine Reserves
Variable
cutoff grade(3)
Proven 6,242 0.020 127 0.410 2,562
Probable 29,374 0.016 461 0.273 8,007
P&P 35,617 0.017 588 0.297 10,569
Total Hasbrouck Project
Reserves
Variable
cutoff grade(3)
Proven 6,242 0.020 127 0.410 2,562
Probable 39,028 0.016 635 0.205 8,007
P&P 45,270 0.017 762 0.233 10,569
Notes:
(1) The estimation and classification of Proven and Probable Mineral Reserves have been prepared by Thomas
L. Dyer, P.E., of Mine Development Associates following CIM standards
(2) Mineral Reserves are estimated based on $1,225/oz gold and $17.50/oz silver
(3) Cutoff grades used for Mineral Reserves are: Three Hills 0.005 oz Au/ton, Hasbrouck Upper Siebert 0.008
oz Au/ton, and Hasbrouck Lower Siebert 0.007 oz Au/ton
Authors and Qualified Persons Statement
The referenced Mineral Res erve Estimate was prepared in conformance with NI 43 -101 by
Thomas L. Dyer, P.E. of MDA and was filed on SEDAR on September 2016. Mr. Dyer is a
"Qualified Person" under NI 43-101 and has reviewed and approved the information in this news
release. MDA has reviewed and verified that the data disclosed in this news release conforms to
CIM “Estimation of Mineral Resource and Mineral Reserves Best Practices” guidelines and to NI
43-101.
Sandy McVey, P.Eng., Chief Operating Officer of West Kirkland, and a non-independent Qualified
Person as defined by NI 43-101, has reviewed the information contained in this news release and
has verified the data.
Sample Preparation, Analyses, and Security
It is MDA’s opinion that the sampling, assaying, and security procedures used at Three Hills and
Hasbrouck deposits follow industry standard procedures, and are adequate for the estimation of
the current Mineral Resources and Mineral Reserves.
Data Verification
MDA completed audits of the database, performed a sit e visit, reviewed QAQC data and
confirmed historic assays. After performing their review, they consider the assay data to be
adequate for the estimation of the current Mineral Resources and Mineral Reserves.
…/3
About West Kirkland Mining Inc.
West Kirkland owns a 75% interest in the Hasbrouck Gold Project in Tonopah, Nevada. A Pre -
Feasibility Study and Environmental Assessment with construction-level drawings and all federal
and state permits for the phase-one Three Hills Mine provides an advanced project fo r potential
expansion with drilling underway. West Kirkland also holds a 60% interest in the open pit heap -
leach TUG Gold Project in Utah in Joint Venture with Newmont.
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 Contact:
Rob Bruggeman, Alpha Advisory Services Inc.
(416) 884-3556
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 fo rward
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
Filing Statement dated March 31, 2016 for a more complete discussion of such ris k factors and their potential
effects, a copy of which may be accessed through the Company’s page on SEDAR at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is define d in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.