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West Kirkland Mining Inc.
Summary
| Project: | Hasbrouck | |
|---|---|---|
| Deposit: | Adit | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 9/17/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-9-2018: West Kirkland Mining Inc. announces an Exploration/Drilling Update report for its Adit deposit at the Hasbrouck project. Drilling results incl. 45.7m @ 0.49g/t Au from 0m. VANCOUVER, BRITISH COLUMBIA, September 17, 2018 – West Kirkland Mining I | |
| Resources: | (Reserve, P+P): 45.27Mt @ 0.017oz/t Au, 0.233oz/t Ag at Hasbrouck project | |
| CP/QP: | [Overall Report]: Michael Jones (Internal) | |
| ABSTRACT: | VANCOUVER, BRITISH COLUMBIA, September 17, 2018 – West Kirkland Mining Inc. (WKM:TSXV) (“West Kirkland”, “WKM” or the “Company”) reports that recent results from underground channel sampling in historic gold mining adits, shallow air-track drilling and compilation in 3D of historic drilling with WKM mapping has highlighted potential for additional gold resources on the district-scale land position controlled by the Company near Tonopah, Nevada. WKM controls 75% interest and operates the Hasbrouck gold project with 762,000 ounces of proven and probable reserves (45,270,000 tons at 0.6 Au g/t; 8.0 Ag g/t for 10,569,000 contained Ag ounces) and has a 100% option interest in the Gold Mountain area which is the subject of recent exploration. WKM sees good potential for further drilling to outline an area for open pit potential, rather than the previous historic underground mining method, as well as along strike from the occurrence being tested. The objective of a further drill program would be to add reserves that could be trucked to the planned Three Hills pit and permitted heap-leach pad area. The new gold zone is on historic patents partly in an area already disturbed by mining, simplifying permitting work required for mining and trucking. R. Michael Jones said, “We are very excited about the potential to add to early ounces from atsurface mineralization located near the Hasbrouck Project. The strong project economics, (NPV5 Post Tax estimated at US$120M, IRR 43% (US$1,275/oz Au) (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) could be positively impacted by any incremental ounces added to the same project capital footprint.” | |
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