Dust
5 June 2023
WHY.V 0.3000 0.00% Volume: 75,776 Bid/Ask: 0.3000/0.3100 Day Range: 0.3000 - 0.3100 Last Updated: 08:30AM
The Record Ridge Magnesium Project, located in the storied Rossland mining camp in southeastern British Columbia, contains over 10.8 million tonnes of recoverable magnesium.
West High Yield Resources retains 100% of the mineral rights to the Record Ridge Property which consists of 29 contiguous mineral claims, eight crown-granted claims, and one privately owned claim totaling 8,972 hectares. The known magnesium (“Mg”) mineralization is located within two of the mineral claims. The infrastructure for the proposed RRIM Project is located on mineral tenures controlled by the Company.
There is full infrastructure in place including roads, highways, nearby rail, electrical power, water, and natural gas. The highly prospective project is just two miles north of the U.S. Border with supporting industries and rail hub and seaport nearby.
The Rossland Gold Camp historically produced over 2.76 million ounces of recovered Gold and 3.52 million ounces of recovered Silver. Historical gold production and geological work and drill holes conducted by the Company’s results reinforce the potential of the Midnight Claim.
The Company conducted 26 gold drill hole program in 2009. All holes intersected a series of quartz veins and gold bearing serpentinites with significant gold values, notably hole MN09-15, which returned weighted average of 40.1 g/tonne over a true width of 2.3 metres including 198 g/tonne Au for a true width of 0.8 metres near surface (13.9 metres in drill depth) and hole MN09-24, which returned a weighted average of 25.16 g/tonne over a true width of 3.6 metres including 73.23 g/tonne Au for a true width of 1.2 metres.
The company conducted 2022 drill program, which focused on identifying extensions to zones of known Midnight mineralization, areas with potential for targets within and peripheral to the OK and IXL historical mines, and deep targets below the known footprint of mineralization. A total of 41 holes and 6,197 meters NQ2 diamond drilling was completed during the course of the 2022 drilling program. Multiple high-grade and visible gold assays were identified including:
We believe history is calling for a change in North America. We have to protect ourselves from climate change. We are working to be at the forefront of that necessary change by helping to reduce CO2 emissions in all industries through the use of ‘Magnesium Oxide’, Mother Nature’s Friendliest Resource. We are actively pursuing a new corporate standard, creating a Greener Environment and Shareholder Wealth through Eco-Friendly Stewardship, Scientific Reason and Business Acumen.
RECORD RIDGE PRE-FEASIBILITY STUDY:
The PFS Stage 1 testing focused on leaching and purification tests and development of basic process data required to complete engineering design and economic analysis. KPM’s report stated, “overall, the work has clearly demonstrated that it is possible to produce a high purity (>99%) Magnesium chloride (“MgCl₂”) solution from Record Ridge material using a commercially proven Hydrochloric acid (“HCl”) based treatment process with a recovery rate of 94.85%. This solution would be suitable for the production of high value, high purity Magnesium Oxide (“MgO”) and flame retardant quality Magnesium hydroxide (“Mg(OH)2”) using a commercially proven pyrohydrolysis.” KPM recommended The company proceeds to Stage 2 of the PFS involving completion of the engineering design and costing.
We are focused on the exploration and development of minerals critical to Earth in the 21st century: Magnesium, Gold, Silica, Nickel and Iron. Magnesium is formally classified as a critical mineral in North America, while gold catalysts play a unique role in water purification as they are cheaper and more efficient than traditional carbon fiber or iron filtration methodologies. Silica is used in grinding and polishing glass and stone; in foundry molds; in the manufacture of glass, ceramics, silicon carbide, ferrosilicon, and silicones. Nickel’s chief use is in nickel steels and nickel cast irons, in which it typically increases the tensile strength, toughness, and elastic limit. Iron is used to make alloy steels like carbon steels with additives such as nickel, chromium, vanadium, tungsten, and manganese. These are used to make bridges, electricity pylons, bicycle chains, cutting tools and rifle barrels.
Magnesium
Silica
Nickel
Iron
Fundamental Research Analyst, Sid Rajeev, breaks down FRC’s recent coverage on West High Yield Resources and the value it holds for investors.
West High Yield Resources director and corporate secretary, Barry Baim, sat down with Mari Len-Guzman, editor at Investing News Network, to outline West High Yield Resources and its assets at Record Ridge and Midnight Claim.
So what is Magnesium good for? A better question is what isn’t it good for? Gut health, mental health, creating stronger and lighter alloys, better insulation, fertilizer, energy storage and the list goes on.
Global One Media’s Bastien Boulay interviews Barry Baim, the Director of West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY), about their Record Ridge project in British Colombia and the importance of mining and the development of critical minerals – and Magnesium in particular.
Record Ridge is an exciting high-grade magnesium play well worth your attention. BC-based, this critical mineral project could be a massive contributor to not only the green energy revolution, but also 21st century agriculture, medicine, manufacturing and technology.