VANCOUVER, B.C., April 19, 2024 (GLOBE NEWSWIRE) — WEST MINING CORP. (“WEST” OR THE “COMPANY”) (CSE: WEST) (OTC: WESMF) (FRA: 1HL) is pleased to announce plans to complete an extensive core resampling program on its 100% owned Kena and Daylight Properties, collectively known as the Company’s flagship “Kena” Gold and Copper Project, located in the Nelson Mining District of southeastern British Columbia.
In 2021, Moose Mountain Technical Services (“MMTS”) produced a resource estimate for the Kena and Daylight Properties outlining over 2.77 million ounces of gold in the inferred category as well as over 561,000 ounces of gold in the indicated category with a base cut-off grade within the “reasonable prospects of eventual economic extraction” constraining pit of 0.25 g/t gold. https://www.sedarplus.ca/csa-party/records/document.html?id=437c3d9af61878aaebce101647684c2904fe32c44512c623d9c1af71b5ac0dce
The resource estimate includes 252 drill holes. Drill results indicate zones of “bulk-tonnage type” gold mineralization, with multiple holes containing 100 metre wide zones averaging >1 g/t gold. Several holes also intersected higher grade gold, indicating a gold-enriched zones, spatially related to faults and geological contacts. Drilling to date has also intersected 154 high grade structural shoots of 5.08 to 240.07 g/t gold over average 1.5 metre widths occurring largely within the homogenous lower grade halos. The table below summarizes the Total Mineral Resource estimate for the Kena Project.
SENSITVITY OF THE TOTAL RESOURCE ESTIMATE TO CUTOFF GRADE (effective date March 25, 2021)
| Class | Tonnage | Cut-off | Au Grade | Au Metal |
| (Ktonnes) | Au (g/t) | (g/t) | (Koz) | |
| INDICATED | ||||
| 32,146 | 0.25 | 0.544 | 561.9 | |
| 26,274 | 0.30 | 0.604 | 510.2 | |
| 11,863 | 0.50 | 0.869 | 331.4 | |
| INFERRED | ||||
| 177,508 | 0.25 | 0.486 | 2,773.1 | |
| 135,814 | 0.30 | 0.552 | 2,410.1 | |
| 53,060 | 0.50 | 0.813 | 1,386.7 |
In the 2021 Technical Report MMTS recommends, that although the resource database has been verified and is deemed acceptable, a robust check assay sampling program including QAQC samples be conducted using a certified laboratory comprising 5-10% of core for years for which drill core is available to compensate for missing certificates, lack of QAQC samples in historic core and a potential bias noted in the 2012 drilling QAQC and 2001-2002 check assays.
The majority of the core resampling has now been completed with 26 holes remaining to be sampled. Completed resampling to date consists of 438 core samples and 91 QAQC inserted blanks and standards to bring the sampling protocols up to current quality control standards.
Core samples are analysed by MSA Labs in Langley, BC. MSA Labs has high quality standards, including both ISO 17025 (Testing and Calibration Laboratories) accreditation and ISO 9001 (Quality Management Systems) certification. In the laboratory, blanks (analytical and method), coarse duplicates and standard reference materials are internally inserted in the sequences of client samples. Using these inserted quality control samples each analytical batch and complete job is rigorously reviewed and validated by MSA prior to release. Field inserted standards (certified reference materials) and blanks were purchased from CDN Resource Laboratories Ltd. of Langley, British Columbia.
Upon completion of the sampling program, this information along with results from 31 holes from West’s diamond drill programs (see News Releases dated January 12, 2022, May 3, 2022 and May 24, 2022) completed after the 2021 resource estimation will be submitted to MMTS to recalculate the Kena and Daylight Properties current resource estimation.
The Company would also like to announce that it has entered into an investor relations services agreement with Mac Foster & Company Ltd. (“MF&C”) effective April 19, 2024. Pursuant to the agreement, MF&C has agreed to provide investor communication and on-line marketing services to the Company for a period of one month until May 19, 2024, in exchange for a fee of $31,500 CAD. The services include content creation and publishing, digital and social media marketing, and other related investor communication services. MF&C is arm’s-length to the Company and neither MF&C nor its principals hold an equity interest in the Company’s securities, either directly or indirectly, or the right to acquire any equity interest. MF&C’s contact information is as follows: 179 Shaw Street, Toronto, Ontario, M6J 2W6, Attention: Mac Foster, mac@fosterand.co
Nader Vatanchi, the Company’s Chief Executive Officer, said “with the recent rise in gold prices as of April 19, 2024, we believe the Company and its assets are undervalued. The Company will make effort to improve its financial position in order to advance its projects and also increase visibility of the Company as a whole in the coming months.”
Linda Dandy, P.Geo., a “Qualified Person” for the purpose of National Instrument 43-101, has reviewed and approved the contents of this news release.
About West Mining Corp.
West Mining Corp. is a mineral exploration company acquiring and developing advanced and early-stage exploration projects. Its flagship project is its 100% owned, 9000 hectare prospective Kena Project located near Nelson, British Columbia. The Kena Project comprises three adjoining Properties: Kena, Daylight and Athabasca. A recent NI43-101 resource estimate for Kena gave 561,900 oz Au indicated and 2,773,100 oz Au inferred in the Gold Mountain, Kena Gold and Daylight Zones. The Daylight property contains the historic past producing Daylight, Starlight, Victoria, Irene and Great Eastern gold mines. Along trend to the north is the Athabasca Property, with the historic Athabasca Gold Mine. The company also holds a 100% interest in its Spanish Mountain and Junker properties.
For additional information, please refer to the Company’s public disclosure record available on SEDAR+ at www.sedarplus.com.
West Mining Corp.
Nader Vatanchi
CEO
nadervatanchi@hotmail.com
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Certain statements contained in this press release constitute “forward-looking information” as such term is defined in applicable Canadian securities legislation. The words “may”, “would”, “could”, “should”, “potential”, “will”, “seek”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions as they relate to the Company, are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information. Such statements reflect the Company’s current views and intentions with respect to future events, and current information available to them, and are subject to certain risks, uncertainties and assumptions, including, without limitation: the potential of the Company’s mineral properties; the estimation of capital requirements; the estimation of operating costs; the timing and amount of future business expenditures; and the availability of necessary financing. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Such factors include but are not limited to: changes in economic conditions or financial markets; increases in costs; litigation; legislative, environmental and other judicial, regulatory, political and competitive developments; and exploration or operational difficulties. This list is not exhaustive of the factors that may affect forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward- looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.
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