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West Kirkland Announces Initial Near Surface Gold Resource for TUG Deposit

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West Kirkland Announces Initial Near Surface Gold Resource for TUG Deposit

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West Kirkland Mining Inc. (TSX VENTURE:WKM)  report that a NI 43-101 compliant inferred mineral resource estimate has been completed for the TUG deposit located in Utah, along the Long Canyon Trend. Using a cut-off grade of 0.1 grams per tonne gold, the TUG deposit is estimated to contain an inferred mineral resource of 679,000 gold equivalent ("AuEq") ounces as detailed below. The Company expects that a NI 43-101 report  will be filed on SEDAR within 45 days.

 

Table 1 – TUG deposit Mineral Resources Statement

Prepared by Jason Baker, P. Eng. of Caracle Creek International Consulting Inc. ("Caracle Creek") May 29, 2012 and accepted by the Company on May 30, 2012.

----------------------------------------------------------------------------
                          Grade Grade Grade(2)
                 Quantity    Au    Ag     AuEq   Ounces     Ounces Ounces(2)
Area Category (tonnes)(1)   g/t   g/t      g/t       Au         Ag      AuEq
----------------------------------------------------------------------------
TUG  Inferred  27,110,000  0.49  15.8     0.78  431,400 13,844,800   679,000
----------------------------------------------------------------------------
(1) Reported at a cut-off grade of 0.1 g/t Au. Mineral resources that are
 not mineral reserves do not have demonstrated economic viability.
(2)AuEq was calculated assuming 100% metal recovery using a metal price
 ratio between Ag and Au (Ag:Au)= 0.018 (AuEq= Au+(Ag(i)0.018))
 
R. Michael Jones, President and CEO of West Kirkland Mining, said, "The TUG deposit is of interest in the current market. We see TUG as a base from which we can grow a low cost gold model targeting near surface deposits. Our regional exploration on our 952 square kilometer land position is focused on a large-scale Long Canyon type deposit. As we systematically complete our regional exploration work we are also cognisant of the working radius to TUG, which can be a solid base."

 

West Kirkland has the right to earn a 60% interest at TUG as part of a regional transaction completed in December 2010 with Fronteer Development (USA) Inc. (now a subsidiary of Newmont Mining Corporation). The TUG resource is primarily a near surface oxide resource that may be amenable to open pit mining and heap leach extraction for gold and silver. Approximately 34% of the tonnes of the resource, representing 44% of the AuEq ounces, are located within 40 meters of surface, providing potential for very low stripping and mining costs as well as short project lead times.

A three dimensional image of the inferred mineral resource model with drill holes can be viewed from this link:

 http://www.wkmining.com/_resources/news/TUGresource.jpg

 

TUG Inferred Mineral Resource Estimate at different cut-off grades

Grade sensitivity was performed using variable cut-off grades. The results are tabulated in the table below.

Table 2 – Grade Sensitivity for TUG Deposit

Prepared by Jason Baker, P. Eng. of Caracle Creek

----------------------------------------------------------------------------
                        Au      Ag    AuEq        Au           Ag       AuEq
Cut-Off      Tonnes    g/t     g/t     g/t    Ounces       Ounces     Ounces
----------------------------------------------------------------------------
(i)0.1   27,110,000   0.49    15.8    0.78   431,400   13,844,800    679,000
----------------------------------------------------------------------------
0.2      22,430,000   0.57    18.0    0.89   408,100   13,019,600    642,400
----------------------------------------------------------------------------
0.3      16,690,000   0.67    21.9    1.07   362,200   11,726,000    573,300
----------------------------------------------------------------------------
0.4      11,960,000   0.80    25.8    1.27   309,400    9,921,300    487,900
----------------------------------------------------------------------------
0.5       9,090,000   0.92    28.8    1.43   267,900    8,408,300    419,200
----------------------------------------------------------------------------
0.6       7,350,000   1.00    31.0    1.56   237,400    7,331,300    369,400
----------------------------------------------------------------------------
These figures are not to be misconstrued as a mineral resource as they are
 intended for the sole purpose of demonstrating the sensitivity of the
 inferred mineral resource estimate with respect to reporting cut-off grade.
(i) Base case reported at a cut-off of 0.1 g/t Au
Posted June 3, 2012

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