West High Yield Announces Latest 2011 Drill Results
27 Octubre 2011 - 8:30AM
Marketwired Canada
Not for dissemination in the United States or to US persons.
West High Yield (W.H.Y.) Resources Ltd. ("West High Yield" or the "Company")
(TSX VENTURE:WHY) announces that it has completed its 2011 resource definition
drill program on its Record Ridge magnesium property, located near Rossland,
British Columbia. In the 2011 program, the Company drilled and completed 26 NQ
diamond drill holes totalling 4,000 metres. The Company previously reported the
results of 10 holes (RRS 11-1 through 10) and the Company has now received the
assay results for 7 additional drill holes. All drill holes intersected broad
zones of magnesium bearing ultramafic rock (serpentinized dunite, wehrlite and
lehzolite-simply named serpentinite). RRS 11-11 mainly intersected monzosyenite
and RRS 11-13 intersected several zones of magnesium bearing ultramafic rocks
mixed with intervened sub-volcanic and intrusive dykes. The other five (5) holes
all intersected broad zones of rich magnesium bearing ultramafic rock
(serpentinite). Of noteworthy interest is hole RRS 11-16 which yielded 150.3
metres of 24.7 % magnesium. The remaining assay results will be available by the
end of November. The chart below summarizes the results for the recent 7 holes
and the map attached as a schedule to this news release identifies the location
of the drill holes from the programs from 2007, 2008 and the current 2011
program.
Length
Depth (Metres) (Metres) Magnesium
(True
DDH # From To Width) % Rock Type
----------------------------------------------------------------------------
4.0 10.3 6.3 2.41 Monzosyenite
--------------------------------------------------------------
10.3 13.6 3.3 20.7 Serpentinite
--------------------------------------------------------------
RRS 11-11 13.6 38.5 24.9 3.38 Monzosyenite
--------------------------------------------------------------
38.5 43.2 4.7 20.1 Serpentinite
--------------------------------------------------------------
Monzosyenite- not
43.2 87.5 44.3 N/A sampled
----------------------------------------------------------------------------
0 38.1 38.1 21.3 Serpentinite
--------------------------------------------------------------
38.1 46.9 8.8 3.4 Monzosyenite
--------------------------------------------------------------
Serpentinite
including two dykes
RRS 11-12 46.9 128.4 81.5 21.2 (1 m and 1.7m)
--------------------------------------------------------------
Monzosyenite -not
128.4 138.7 10.3 N/A sampled
----------------------------------------------------------------------------
2.4 31.9 29.5 23.6 Serpentinite
--------------------------------------------------------------
31.9 44.3 12.4 2.4 Monzosyenite
--------------------------------------------------------------
44.3 80.9 36.6 20.9 Serpentinite
--------------------------------------------------------------
80.9 104.5 23.6 2.0 Monzosyenite
--------------------------------------------------------------
RRS 11-13 104.5 115.1 10.6 23.2 Serpentinite
--------------------------------------------------------------
115.1 124.3 9.2 3.0 Diagabbro
--------------------------------------------------------------
124.3 131.0 6.7 22.8 Serpentinite
--------------------------------------------------------------
131.0 141.3 10.3 2.0 Monzosyenite
--------------------------------------------------------------
141.3 151.8 10.5 24.4 Serpentinite
----------------------------------------------------------------------------
RRS 11-14 2.4 152.4 150.0 23.7 Serpentinite
----------------------------------------------------------------------------
1.5 47.6 46.1 23.1 Serpentinite
--------------------------------------------------------------
RRS 11-15 47.6 56.0 8.4 7.6 Monzosyenite
--------------------------------------------------------------
56.0 152.4 96.4 24.0 Serpentinite
----------------------------------------------------------------------------
Serpentinite
including one dyke
RRS 11-16 2.1 152.4 150.3 24.7 (2.8 m)
----------------------------------------------------------------------------
2.4 55.2 52.8 23.4 Serpentinite
--------------------------------------------------------------
RRS 11-17 Monzosyenite and
55.2 67.0 11.8 2.8 Diagabbro
--------------------------------------------------------------
67.0 152.4 85.4 25.5 Serpentinite
----------------------------------------------------------------------------
The Company also advises that it previously reported that it is proceeding with
an NI 43-101 Preliminary Economic Assessment (PEA) Report in respect of the
Company's Record Ridge magnesium project. The 2011 drill program will provide
additional geotechnical data for the PEA and has expanded the grid over the
Company's magnesium discovery. The PEA is being prepared by SRK Consulting
Engineers of Denver, Colorado and after additional metallurgical studies the
Company anticipates that the PEA will be completed in the first quarter of 2012.
The Company also plans to proceed with Pre-feasibility and Feasibility studies
on its Record Ridge magnesium project. It should be noted that the applications
and uses of magnesium have increased in the past few years particularly in
battery technology, automobiles, aircraft and other technology applications. The
current price for magnesium in North America is $5,200 per tonne.
About the Company
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. The Company's operations are currently being conducted
on its Rossland Gold Camp property located 2.5 kilometers west of the town of
Rossland, B.C. The Company controls approximately 6,223 contiguous hectares of
mineral and crown granted claims and is exploring for gold on its primary
properties which are the Midnight, OK and IXL crown grants and for magnesium on
the Company's Ivanhoe Ridge, Hidden Valley and Record Ridge properties.
To view Figure 1 associated with this release please visit follow the following
link:
http://media3.marketwire.com/docs/WHYFigure1.jpg
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