West Mining Corp. Acquires Additional Mineral Claims
VANCOUVER, March 24, 2021 - West Mining Corp. ("West" or the "Company") (CSE: WEST, OTC: WESMF, FRA: 1HL) is pleased to announce that it has acquired 17 mineral claims, totalling 856 hectares, contiguous to the Company's flagship "Kena" Gold and Copper Project located in Nelson Mining District in southeastern British Columbia. The claims include the historic Athabasca Mine, a portion of the historic California Mine and the Princess Reverted Crown Grant.
The Company acquired the mineral claims pursuant to a claims purchase agreement with 802213 Alberta Ltd. dated March 22, 2021. Under the agreement, West paid $27,087 and issued 85,000 West common shares having an aggregate value of $85,000, representing an issue price of $1.00 per share. The shares are subject to a four month hold period in accordance with applicable securities laws.
Nicholas Houghton, President and CEO of West states: "We are truly excited to get on the ground and evaluate these new claims with the goal of extending our flagship Kena Property's gold mineralization further to the north. When opportunities arise such as this with the accompanying knowledge of historical production it can only be beneficial for the Company and our shareholders as we continue to build our gold and copper portfolio."
The historic Athabasca Mine was discovered in 1896 and had intermittent production through the early 1900s. Total production was 41,779 tonnes mined and 20,219 tonnes milled at an average milled grade of 30 g/t gold, 10 g/t silver and with minor credits of lead, zinc and copper. Gold occurs as predominantly as free grains and also within sulphide minerals in quartz veins ranging from 0.3 to 1.5 metre widths (BC Minfile 082FSW168).
The claims are host to the northeast portion of the historic California Mine, including the Level 3 adit. The mineralization, which is hosted in 2 parallel quartz veins of 0.3 to 1.0 metre width within a 30 metre shear zone, has been developed on 3 levels by 650 metres of drifts. From 1910 to 1949, the California Mine produced 1462 tonnes of direct shipping ore grading 13.4 g/t gold and 84.3 g/t silver (BC Minfile 082FSW169).
The Princess claim hosts undocumented historic workings exposing disseminated to massive, banded sulphides and magnetite. Drilling of a single hole at the Princess showing by previous operator Noramco Mining Corp. returned 11.3 g/t gold and 0.66% copper over 1.5 metres core length (true width is unknown) (Technical Report for Altair Ventures Inc., Giroux and Grunenberg, 2012).
Linda Dandy, P.Geo., a "Qualified Person" for the purpose of National Instrument 43-101, has reviewed and verified the contents of this news release.
About West Mining Corp.
West Mining Corp. is a mineral exploration company with a portfolio of highly prospective projects in world class mining camps. Our flagship "Kena" Gold and Copper Project has an extensive exploration history, over 37 kilometres of drilling, 20 years of modern exploration, with anomalies that remain open in all directions and at depth. West's other projects are situated in close proximity to recent gold discoveries in British Columbia and New Brunswick.
For additional information, please refer to the Company's public disclosure record available on SEDAR at www.sedar.com.
West Mining Corp.
Nicholas Houghton
President & CEO
nick@westminingcorp.com
The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.
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.