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West High Yield announces completion of 2008 exploration program and latest 2008 drill results

CALGARY, ALBERTA – February 5, 2009. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) is pleased to provide a progress report on exploration activities conducted on its mineral properties located in Rossland, British Columbia in 2008. The Company is releasing its latest 2008 drill results, primarily for Magnesium on its Record Ridge South property and the drilling results of additional cores drilled on the Company’s gold exploration properties, which include the IXL, Midnight, OK and Golden Drip properties. Since its last report, which was issued on November 12, 2008, the Company has undertaken the following activities.

Completion of 2008 Gold Exploration Program

 In 2008, the Company continued to drill and explore for gold and related minerals on its IXL, Midnight, OK and Golden Drip properties near Rossland, British Columbia. The Company drilled and completed 9 NQ diamond drill holes totalling 680.1 metres (2,231 feet) on the IXL and Midnight claims and 1 NQ diamond drill hole near the Italian portal on the Midnight claim (MN08-2), which stopped at a depth of

181.2 metres, due to unsafe winter weather conditions. The Company plans to complete additional drill cores on these properties in 2009. The 2008 gold exploration program was targeted to test the downward extent of the narrow gold rich veins of both the upper and lower IXL and Midnight workings, from which approximately 10,000 tonnes of ore were produced recovering 1,030,092 grams of gold and 394,914 grams of silver between 1899 and 1984 (Minfile). Of the holes drilled and completed in 2008, 6 (IXL08-2, 3, 4, 5, 6 and 8) encountered old mine workings (empty tunnels without drill water circulation) and were stopped at shallow depths before reaching the desired drill depths. Gold mineralization was encountered in two of the three holes drilled in the IXL and Midnight claims in 2008 and are summarized in the following chart.

 

 

Claim

Hole # (Total Depth metres)  

Azimuth/Angle (degrees)

 

Occurrence

 

Gold g/tonne

 

Silver g/tonne

 

Copper

%

 

Interval (metres)

True width (metres)
From To  
 

 

IXL

 

IXL08-1 (194.9)

 

345 / -45

Quartz vein 5.42 151 1.26 19.0 19.2 0.18
Quartz vein 6.22 119 1.23 53.6 53.7 0.10
 

IXL08-7 (160.3)

 

345 / -45

No significant

Gold values returned

 

 

 

 

 

 

 

 

 

Midnight

 

MN08-1 (140.2)

 

 

36 /-50

Serpentinized

andesite

35.78 1.8 20.5 21.6 1.0
Mineralized

andesite

0.3 7.7 33.4 38.1 4.7
Quartz vein 13.41 64.1 77.0 77.1 0.1
Quartz vein 48.39 30.0 95.5 96.0 0.5
MN08-2 305 / -55 Drilling will be completed in the spring of 2009 (target depth 260 metres).

 

Drilling Results on the Record Ridge South Property

 The Company previously announced the results of 23 of 45 holes drilled in its 2008 definition drill program on the Record Ridge South property. The chart below summarizes the results for the remaining 22 holes which were recently completed.

Record Ridge South

 

DDH RRS08

Depth metres Length metres  

Magnesium

%

 

Nickel

%

From To
12 1.2 49.0 s 47.8 26.4 0.22
82.7 122.2 39.5 26.7 0.22
13 1.2 75.1 s 73.9 25.7 0.20
86.4 110.3 23.9 20.1 0.15
14 0.6 98.2 s 97.6 25.1 0.20
15 0.6 84.1 s 83.5 22.7 0.20
16 0.7 13.7 s 13.0 19.8 0.19
27.0 106.0 79.0 21.8 0.20
17 1.2 58.1 s 56.9 21.5 0.20
77.1 123.4 46.3 26.4 0.19
18 0.6 67.2 s 66.6 22.5 0.20
22 No serpentinite intersection (drilled 25m deep to determine the intrusive contact)
28 0.0 41.4 s 41.4 24.3 0.22
31 31.9 154.5 s 122.6 27.7 0.20
33 0.0 117.3 s 117.3 25.6 0.22
34 7.7 143.3 s 235.3 24.5 0.20
35 1.0 123.7 s 122.7 26.7 0.24
36 0.0 124.4 s 124.4 24.3 0.19
38 8.4 154.2 s 145.8 26.8 0.20
39 0.9 154.5 s 153.6 26.6 0.20
40 0.2 148.4 s 148.2 25.3 0.20
41 0.0 19.9 s 19.9 26.6 0.20
49.3 83.7 34.4 26.0 0.21
42 0.2 89.5 s 89.3 24.2 0.20
43 1.5 63.6 s 62.1 25.1 0.20
44 75.2 86.0 10.8 20.0 0.16
45 5.8 18.0 s 12.2 16.9 0.17

Disclaimers:

  • The property includes areas of moderate sub-volcanic and intrusive interruptions into the serpentinites. The assayed Magnesium and Nickel values of the intervened sub-volcanic and intrusive dykes (ranging in length from 0.4 metres to 3 metres averaging less than 2 metres) are fully diluted with the serpentinite zones in the above chart.
  • Length metres with the “s” symbol represents intersected serpentinite zones from the surface to the top of the first sub-volcanic or intrusive
  • Hole RRS08-44 in the above chart is capped by the volcanic in the southwest fringe, which is off the resource estimation
  • The Nickel values reported above include Nickel in both sulphide and non-sulphide minerals as total

Anticipated Completion of NI 43-101 Report on the Record Ridge South Property

In November 2008, the Company retained SRK Consulting Engineers and Scientists (“SRK”) of Denver, Colorado, an independent engineering firm, to undertake an independent NI 43-101 measured mineral resource estimation of the Company’s Record Ridge South property. Dr. Bart Stryhas, the principal Resource Geologist for SRK, visited the Company’s Rossland property in November, 2008 to conduct a preliminary investigation for the report. The Company anticipates that it will receive a draft report from SRK in February, 2009.

Annual Summary and Extension of Leases

 The Company has submitted the Annual Summary of Work and Statement of Work for its 2008 exploration activities to the British Columbia Ministry of Energy, Mines and Petroleum Resources, Mining and Minerals Division. Subsequent to filing the Statement of Work Report, the Company submitted an assessment report of its 2008 Diamond Drill Program for the Record Ridge South property to the British Columbia Ministry. The Company has now been advised by the Ministry that all of its mineral titles, which contain 6,220 contiguous hectares of unit cell claims and crown granted claims in Rossland, British Columbia, have now been extended for 10 more years.

About West High Yield 

West High Yield is a publicly traded junior mining exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada with a primary objective to locate and develop economic gold, nickel, and magnesium properties.

The Company’s field activities are supervised and the technical data for this report was prepared by H. Kim, P.Geo/P.Eng (Practicing), the Company’s on-site Geologist.

For further information please contact:  
Frank Marasco

President and Chief Executive Officer West High Yield (W.H.Y.) Resources Ltd. 28 Arbour Lake Drive N.W.,

Calgary, Alberta T3G 3N8 Telephone: (403) 660-3488

Facsimile: (403) 206-7159

Email: [email protected]

Dwayne Vinck

Chief Financial Officer

West High Yield (W.H.Y.) Resources Ltd. 28 Arbour Lake Drive N.W.,

Calgary, Alberta T3G 3N8 Telephone: (403) 257-2637

Facsimile: (403) 206-7159 Email: [email protected]

READER ADVISORY

 The TSXV has neither approved nor disapproved the contents of this news release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

This news release may contain certain forward-looking statements, including management’s assessment of future plans and operations, and capital expenditures and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company’s control. Such risks and uncertainties include, without limitation, risks associated with mining exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other explorers and producers, inability to retain drilling rigs and other services, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada, the United States and overseas, industry conditions, changes in laws and regulations (including the adoption of new environmental laws and regulations) and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, stock market volatility and market valuations of companies with respect to announced transactions and the final valuations thereof, and obtaining required approvals of regulatory authorities. The Company’s actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive. All subsequent forward- looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in

this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

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