WEST Vault Mining Confirms CEO Appointment
SUITE 838 – 1100 MELVILLE STREET, VANCOUVER, B.C. CANADA V6E 4A6 TEL: 604-685-8311 FAX: 604-484-4710 WWW.WESTVAULTMINING.COM
News Release No. 145-2022
July 12, 2022
WEST VAULT MINING CONFIRMS CEO APPOINTMENT
VANCOUVER, BRITISH COLUMBIA, June 12, 2022 – West Vault Mining Inc. ( TSXV:WVM,
OTCQX:WVMDF) (“West Vault” or the “Company” ) is pleased to announce that Sandy McVey was
confirmed as the CEO of WVM at the Company’s recent AGM held on June 23, 2022. Mr. McVey had
previously served as interim CEO since September 2021.
WVM Chairman Peter Palmedo said, “ Sandy was instrumental in iden tifying and acquiring the
Hasbrouck Gold Project back in 2014. Since then, he has been the responsible person moving the
project forward to its current permitted and shovel-ready status. Sandy’s extensive background in mine
development and operations supports our strategy of building long-term shareholder value . With
volatility roiling global markets, I believe patiently awaiting an optimal time to move this project forward
with both low risk and high potential returns will serve as the most prudent and rewarding strategy. We
are pleased to have Sandy oversee this as our CEO.”
About West Vault Mining Inc.
The Company owns the Hasbrouck Gold Project, a heap -leach project in Nevada. The Hasbrouck
Gold Project is fully -permitted and sh ovel-ready, and there are no known technical, environmental,
economic, or social obstacles between immediate construction and mining.
It is a simple project with robust economics (2016 PFS Base-case):
• 43% after-tax IRR, at $1,275 gold
• US$120M after-tax NPV(5), at $1,275 gold
• US$47M initial capital
• 74,000 gold equivalent ounces produced per year for 8 years
• US$709 all-in sustaining cost per gold ounce (AISC)
(National Instrument 43 -101 Technical Report and Updated Preliminary Feasibility Study f or The
Hasbrouck and Three Hills Gold -Silver Project, Esmeralda County, Nevada, USA, Report Date:
September 14, 2016 filed on www.sedar.com and prepared by Thomas L. Dyer, P.E. and Paul Tietz,
C.P.G. of Mine Development Associates).
On behalf of the Board of
West Vault Mining Inc.
Peter Palmedo
Chairman
…/2
SUITE 838 – 1100 MELVILLE STREET, VANCOUVER, B.C. CANADA V6E 4A6 TEL: 604-685-8311 FAX: 604-484-4710 WWW.WESTVAULTMINING.COM
For further information please see the Company’s website at www.westvaultmining.com or contact us
by email at [email protected].
Investor Relations:
Sandy McVey
(604) 685 8311 / [email protected]
Disclaimer for Forward-Looking Information
This press release may contain 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 thei r nature, refer to future events. All
statements that are not statements of historical fact are forward -looking statements. Although West
Vault believes that such information as set out in this press release is reasonable, it can give no
assurance that su ch 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 thos e in forward -looking
information as a result of various factors . The reader is referred to the Company's public filings for a
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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this
release.