News Releases
West Kirkland Acquires Two Additional Kirkland Lake Properties
November 17, 2010
VANCOUVER, BRITISH COLUMBIA - West Kirkland Mining Inc. (“WKM-TSXV”) (“West Kirkland” or the “Company”) announces the expansion of its land position west of the prolific Kirkland Lake, Ontario gold district by entering into option agreements to acquire two key properties.
McLean Property:
The McLean Property consists of one 57 hectare patented parcel of land which lies immediately to the west of the “M2” showing on the Company’s Cunningham Property.
Results of drilling by previous operators include the following:
|
Hole ID
|
From (m)
|
To (m)
|
Length (m)
|
Au g/t*
|
|
HT89-21
|
59.44
|
62.18
|
2.74
|
12.17
|
|
HT89-21
|
64.31
|
67.06
|
2.74
|
13.35
|
|
HT89-21
|
87.17
|
89.00
|
1.83
|
7.51
|
*These results are historic in nature and have not been verified by West Kirkland
The McLean agreement calls for cash payments totaling $55,000 over five years, to acquire a 100% interest in the mineral rights to the property. Also included in the agreement is an option to purchase the surface rights to the property. For this option, West Kirkland will pay an additional $1,000 per year. The vendor also retains a 1% Net Smelter Return (“NSR”) purchasable by West Kirkland for $250,000.
Sutton Property:
West Kirkland has entered into an agreement to acquire 100% of the 203 hectare Sutton Property from Mike Sutton, a highly regarded exploration geologist residing in the Kirkland Lake area. Mike was co-discoverer of the high-grade South Mine Complex and is a past winner of the Ontario Prospector of the Year award.
The Sutton Property is located approximately five kilometers along strike from the “M2” showing and is contiguous with the Company’s Cunningham Property. Previous drilling on the property has yielded numerous assays greater than 1 g/t Au at shallow depths. West Kirkland is currently compiling data and will evaluate targets generated for drilling.
The Sutton agreement calls for cash payments totaling $148,000 over six years and work expenditures totaling $220,000 over three years to earn a 100% interest in the property subject to a 2% NSR. West Kirkland holds the right to purchase 1.5% of the NSR for $500,000 up to the commencement of commercial production.
“Both the Sutton and McLean properties have excellent shallow gold prospects and tie into our existing land position.” stated West Kirkland’s Vice President of Exploration, Michael G. Allen.
Qualified Person, Verification, Quality Control and Assurance
Michael G. Allen, P. Geo is the non-independent qualified person for this news release. He has relevant experience in exploration and development projects in North America over the past twelve years.
About West Kirkland Mining
West Kirkland Mining was formed in 2010 to focus on gold exploration along major trends in North America. The Company has consolidated significant mineral rights positions in the Kirkland Lake area of Canada and along the Carlin trend of Nevada – two of North America’s Premier Gold camps. The founders and Board of West Kirkland Mining have successful gold discovery, development and mine operations experience in both Ontario and Nevada over the past 40 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 or Matthew Chandler 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
