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West High Yield announces initial results and gold intercepts from 2010 gold drill program

CALGARY, ALBERTA–(Marketwire – Aug. 12, 2010) –


West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) (TSX VENTURE:WHY) is pleased to announce the results of the initial six drill holes completed in its 2010 gold exploration diamond drill program on its Midnight Crown granted claim in the western outskirts of Rossland, British Columbia. To date in 2010, the Company completed nine drill holes, of which six holes have been assayed and summarized in the table below. The 2010 drill program is focused on the Company’s Midnight Crown granted claim where the Company drilled 26 holes in 2009 on a 10 metre spaced line grid, in order to proceed with a mineral resource estimate pursuant to National Instrument 43-101. The analytical work for this drill program is conducted by SGS Canada Inc. of Vancouver, BC. As a QA/QC grade control, all high grade samples (over 20 g/tonne Au) were also checked for confirmation by ALS Chemex Laboratory, Vancouver, B.C. In the current drill program, the Company encountered various quantities of high grade gold, ranging from 9.1 g/tonne Au over 1.14 m (true width) in hole MN10-5 and 32.1 g/tonne Au over 3.9 m (true width) including 76.77 g/tonne over 1.3 m (true width) in hole MN10-3. For details of the drilling results please refer to the table below.

2010 Gold Drill Intersection Summary –Midnight Claim

Drill Hole   Interval (m)


True Width



  From   To
MN10-1   No significant gold intersection encountered
MN10-2   46.6   47.7   1.1   1.0   20.4   2.4
  101.3   102.8   1.5   1.3   15.9   3.8
MN10-3   43.8   45.3   1.5   1.3   12.2   0.7
  61.5   62.7   1.2   1.0   72.4   9.0
  68.7   72.3   3.6   3.1   23.5   5.0
  87.9   89.9   2.0   1.7   25.0   2.3
  91.4   95.9   4.5   3.9   32.1   3.6
MN10-4   44.3   49.2   4.9   4.2   2.6   0.5
  49.2   50.7   1.5   1.3   9.4   1.5
  55.3   57.3   2.0   2.0   6.3   1.8
  68.5   69.6   1.1   1.1   23.0   1.0
MN10-5   55.7   56.8   1.1   0.84   13.3   5.4
  59.2   60.7   1.5   1.14   9.1   0.2
MN10-6   No significant gold intersection encountered

Based on the 2009 and 2010 drill core results achieved to date, the Company is encouraged to identify multiple continuous zones of gold mineralization on its Midnight property. The Company plans to undertake an independent NI 43-101 measured mineral resource estimate of the Midnight property after an aggregate of 75 diamond drill holes are completed on a 20 to 30 metre spaced grid on the property. The Company plans to complete approximately 6 more drill holes on the Midnight property in the 2010 gold drilling program and then continue its drill program for magnesium on its Record Ridge South property on which an initial NI 43-101 mineral resource estimate was previously completed.

The Company also advises that it has secured a loan in the amount of $1,060,000 from Big Mountain Development Corp. Ltd., a significant shareholder of the Company. The loan has a one year term, interest at 11.99% and matures on July 6, 2011. The loan is secured by a promissory note and a general security agreement over all assets of the Company.

About the Company

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 operations are being conducted on the Rossland Gold Camp property which is situated approximately 2.5 kilometers west of the town of Rossland, B.C. The Company controls approximately 6,223 contiguous hectares of mineral and crown granted claims and is exploring for gold and nickel on its primary properties which are the Midnight, OK and IXL crown grants and for nickel and magnesium on the Company’s Hidden Valley and Record Ridge 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 – License #21179)) and assisted by Cory Peck, B.Sc, Geol.I.T. H. Kim is a qualified person as defined by National Instrument 43-101 (“NI 43-101”).


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.

42,820,394 Common Shares Issued

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.<p


For more information, please contact

West High Yield (W.H.Y.) Resources Ltd.
Frank Marasco
President and Chief Executive Officer
(403) 660-3488
(403) 206-7159 (FAX)
[email protected]
West High Yield (W.H.Y.) Resources Ltd.
Dwayne Vinck
Chief Financial Officer
(403) 257-2637
(403) 206-7159 (FAX)
[email protected]
West High Yield (W.H.Y.) Resources Ltd.
28 Arbour Lake Drive N.W.
Calgary, Alberta T3G 3N8