News Releases
Previous Drill Intercepts Targeted for Follow-up Include 6.7 m Grading 10g/t Gold.
September 8, 2010
West Kirkland Mining Inc. (“WKM-TSXV”) announces the expansion of its land position west of the prolific Kirkland Lake, Ontario gold district by option of the 10 square kilometer Cunningham Property. Limited previous work on the Property includes a drill intercept of 0.3 ounces per ton (10.15 g/t) gold over 6.7 meters in shallow drilling. Drilling by West Kirkland Mining is planned to start on the Property this fall after compilation of existing data as part of a $1 million drilling program on the Company’s 77 sq kilometer land position assembled west of Kirkland Lake along the Cadillac Lake-Larder Lake Break.
On the Cunningham Property, five of eleven shallow diamond drill holes in the “M2 showing” area on the Cunningham Property prior to 1993 reported significant intercepts as follows:
|
Hole ID |
from (ft) |
to (ft) |
Length (ft) |
Au (o.p.t) |
from (m) |
to (m) |
length (m) |
Au g/t |
|
HT89-02 |
192.0 |
214.0 |
22.0 |
0.30 |
58.52 |
65.23 |
6.7 |
10.15 |
|
and |
270.5 |
289.0 |
18.5 |
0.11 |
82.45 |
88.09 |
5.6 |
3.60 |
|
HT89-14 |
18.0 |
28.5 |
10.5 |
0.10 |
5.49 |
8.69 |
3.2 |
3.26 |
|
HT89-16 |
194.0 |
197.0 |
3.0 |
0.14 |
59.13 |
60.05 |
0.9 |
4.77 |
|
HT89-19 |
702.0 |
707.0 |
5.0 |
0.20 |
213.97 |
215.49 |
1.5 |
6.89 |
|
HT89-23 |
189.0 |
212.6 |
23.6 |
0.12 |
57.61 |
64.80 |
7.2 |
3.94 |
The drill intercepts referred to above are all reported from shallow depths of less than 250 meters. Logs for the holes available in the public domain suggest that carbonate altered shear structures and quartz veins, well known ore mineralization styles within the Kirkland Lake Camp, are associated with the reported mineralization. Further drilling planned by the Company will test for grade, thickness and continuity at depth and along strike in the area of the M2 showing.
The option agreement calls for cash payments totaling $370,000 and work expenditures totaling $600,000 over 5 years to earn a 100% interest in the property subject to a 1% Net Smelter Royalty. The Royalty can be purchased at any time up to commercial production on the property for $1,000,000.
West Kirkland Mining’s Vice President of Exploration, Michael Allen said “We are pleased to add this important property to our portfolio in the West Kirkland Lake belt. We know from our founders’ experience with discoveries west of Timmins, Ontario through West Timmins Mining Inc. that near surface gold intercepts along the main trends from large gold camps should be well tested at depth and along strike. It was drilling below historic showings that resulted in the $400 million takeover of West Timmins Mining Inc. last year. The Cunningham Property fits well within our exploration model.”
Mr. Len Cunningham has held this property for over 30 years. Mr. Cunningham, now in his 90th year, is a mining engineer that lives in Kirkland Lake and has been studying and working on the Kirkland Lake Gold Fields since he came to the area in 1958. West Kirkland is proud to work with Mr. Cunningham on the property.
West Kirkland’s President, R. Michael Jones said “Canadian gold mining areas are enjoying a revival of exploration due to a buoyant gold price and the old adage “the best place to look for a gold mine is next to a gold mine.”
Qualified Person, Verification, Quality Control and Assurance
R. Michael Jones, P.Eng is the non-independent qualified person for this news release. He has relevant experience in gold exploration and development in Ontario over the past 25 years. The data has been verified by reports in the Ontario government assessment files and from reports supplied by the property vendor Len Cunningham P.Eng. Assay data from historical data has been deemed to be reliable as it is from reputable well known exploration companies at time of the work but it has not been independently assayed or verified at this time. The style and grade thickness of mineralization reported is in keeping with well known regional occurrences and surface work on the property.
About West Kirkland Mining – WKM-TSXV
West Kirkland Mining was formed in 2010 and is focused on gold exploration in North America. The Company has consolidated significant mineral rights positions in the Kirkland Lake area of Canada and the Carlin trend of Nevada – two of North America’s Premier Gold camps. The founders of West Kirkland Mining have successful gold discovery and mine operations experience in both Ontario and Nevada over the past 25 years.
For further information, please see the Company’s website at wkmining.com or contact us by
email at or call:
West Kirkland Mining Inc.
R. Michael Jones or Michael Allen at (604) 685-8311
Or
Sequoia Partners
Don Graham: 778-558-4310 or
James Beesley: 778-389-7715 or
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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 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 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, 2010 for a more complete discussion of such risk factors and their potential effects, a copy of which may be accessed through the Company’s page on SEDAR at www.sedar.com
