West High Yield Announces Rossland Property Hosts 9.16 Million Tonnes of Magnesium
0000-00-00
West High Yield Resources Ltd. announces that it has filed a National Instrument 43-101 Technical Report that establishes a substantial resource of Magnesium at the Company's Record Ridge South property located in Rossland, British Columbia. The property is an intermediate-advanced stage Magnesium exploration project, currently tested by 51 diamond drill holes. It is located approximately 7.5 km west-southwest of the town of Rossland. The Project mineralization is centered about 49° 02' 33" N latitude and 117° 53' 22" W longitude (UTM coordinates 5,432,500 N and 434,500 E).
The West High Yield claim block consists of 19 contiguous mineral claims covering 6,134 hectares plus 8 crown granted and one private ownership claim (9 titles) totalling 212 hectares. The Magnesium mineralization of the Project is located within two mineral claims. The northern part is located within claim # 514607 (Frank SR 3) which covers 317.6 hectares. This claim was originally located by the Company on June 16, 2007 and is in good standing until February 28, 2019. The southern portion of the mineralization is located on claim #513794 (Hidden Valley 3) which covers 127 hectares. This claim was originally located by the Company on June 2, 2005 and is in good standing until February 28, 2019.
The Record Ridge South area is located within the Quesnel Terrain of the Intermontaine Tectonic Belt. It is comprised of a highly deformed Jurassic (180ma) age volcanic island arc back arc basin complex intruded by Tertiary volcanic and plutonic rocks. The exploration area is underlain primarily by the Record Ridge Ultramafic Body. This unit is bound on the north by the volcanics of the Tertiary Marron Formation, on the east and southeast by the volcanic rocks of the Jurassic Elise Formation and on the west and southwest by the Tertiary age Coryell intrusive suite. Regional metamorphism has reached greenschist facies in the Record Ridge South area.
The Record Ridge ultramafic body constitutes the mineralization hosting the Magnesium resource of the Technical Report. The body underlies an area of approximately 6.2km2, extending from the southern tip of Record Ridge, south to the foot of Mount Sophia and east to Ivanhoe Ridge. The rock type consists of variably serpentinized and locally carbonatized ultramafic cumulates. Lithic types include; dunite, pyroxene-bearing dunite, olivine-bearing wehrlite and wehrlite, each type varying simply as a function of the relative proportion of olivine to pyroxene. On fresh surfaces, the unit is very fine grained with a black color. It also contains abundant veinlets of light green to bluish serpentinite. The unit weathers to a brown color and stands out as open outcrops with a distinctive lack of vegetation in the nearby soils.
During the 2007 and 2008 field seasons, the Company conducted surface mapping, surface sampling and diamond drilling on the Project. The surface mapping was conducted at a 1:2,500 Scale focused on the ultramafic rocks. Samples were collected from outcrop and analyzed by ICPAES for 24 elements. A total of 30 sample were collected and analyzed. The results of this work delineated a portion of the ultramafic body with high Magnesium. The anomalous zone was then drill tested by 51 diamond core drill holes during 2007 and 2008. These were carefully logged and sampled and then tested with 24 element ICP-AES analysis. The exploration work conducted by the Company meets current industry standards. All drill core logging and sampling has been done by trained and professional personnel. The Company has made a concerted effort to ensure good sample quality and has maintained a careful chain of core custody from the drill rig to the assay laboratory.
The Project resource estimation is based on information from 51 drill holes totaling 6,340 metres. The drill hole database was compiled and verified by SRK and is determined to be of high quality. A geologic model was constructed based on three general rock groups. Three-dimensional solids were constructed to limit the outer boundary of mineralization and to delineate two internal waste rocks. These solids were used to assigned rock types to the block model. Each model block was then assigned a unique specific gravity based rock type. The model blocks are 15 metres x 15 metres x 5 metres in the x,y,z directions, respectively. All block grade estimates were made using 2.5 metres down hole composites. An Ordinary Kriging algorithm was employed using a minimum of 5 and a maximum of 15 composites within a search ellipsoid 150 metres x 150 metres x 25 metres in the x,y,z directions respectively.
The Record Ridge South resource area will essentially be a large open pit quarry area that would supply material with significantly elevated Magnesium levels to an energy-intensive (electricity and natural gas) processing plant to comminute the mineralized rock, leach, dry, separate through electrolysis methods and package the Magnesium metal for shipment to domestic and foreign markets. Investigation to date shows that the Record Ridge South Resource could support an open pit mine and Magnesium processing facility, which are contingent on the long-term price of Magnesium metal, energy prices and reagent prices and capital costs.
|