CALGARY, ALBERTA. March 5, 2008. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) announces that the Company has now received the analysis from its 2007 Diamond Drill Program for drill holes IV07 12 and 13 on the Company’s Ivanhoe Ridge property and drill holes HV07 1 through 6 on its Hidden Valley property, which is contiguous to the Ivanhoe Ridge property. The Company has now received analysis for 20 out of 31 total drill holes in the 2007 program. The assay results were provided by Assayer Canada of Vancouver, British Columbia. The Company anticipates receiving the results of the remaining 11 drill holes within the next 4 weeks. In the course of its exploration activities on the Ivanhoe Ridge and Hidden Valley properties, the Company continues to see results which are consistent with the first 12 drill holes that were drilled on the Ivanhoe Ridge property. This includes broad zones of Ultramafic rock containing magnesium, nickel, cobalt and magnetite mineralization. The chart below summarizes the results for the North portion of Ivanhoe Ridge.
Ivanhoe Ridge
| DDH IV07 | Hole Angle | Depth metres | Length metres | Nickel
% |
Cobalt
ppm |
Chromium
% |
Magnetite
% |
Magnesium
% |
|
| From | To | ||||||||
| 12 | -50˚
(Drilled toward west) |
4.6 | 13.7 |
|
.2128 | 101 | 0.28 | 5.5 | 21.3 |
| 23.97 | 53.8 | 29.83 | .1628 | 100 | 0.25 | 5.7 | 20.0 | ||
| -50˚ | 2.86 | 33.11 |
|
.1881 | 100 | 0.27 | 5.8 | 23.0 | |
| 64.66 | 82.19 | 17.53 | .1750 | 101 | 0.35 | 5.0 | 20.5 | ||
| 13 | (Drilled
toward |
||||||||
| 101.86 | 122.83 | 20.97 | .1538 | 84 | 0.23 | 5.0 | 20.8 | ||
| 133.59 | 143.03 | 9.44 | .1652 | 97 | 0.33 | 5.2 | 21.3 | ||
| north) | |||||||||
| 193.45 | 211.22 | 17.77 | .2005 | 106 | 0.34 | 5.3 | 21.9 | ||
Disclaimers:
- The nickel values reported above include nickel in both sulphide and non-sulphide minerals as total nickel.
- The North portion of the Ivanhoe Ridge property includes areas of moderate sub-volcanic and intrusive interruptions into the serpentinites.
- Length metres with the symbol is from the overburden contact to the base of serpentinite intersection underlain (undercut).
As previously announced, in the 2007 Drill Program, the Company completed 30 NQ diamond drill holes totaling 6,012 metres on its Ivanhoe Ridge, Hidden Valley, Sophia Creek and Record Ridge properties and 1 NQ diamond drill hole (267 metres) on its Golden Drip property, prior to closing down field activities for winter in November, 2007. All of the properties are contiguous and are located near Rossland, British Columbia. The following chart summarizes the recently released results for the six drill holes completed on the Hidden Valley property. The Company advises that it continues to intersect broad zones of Ultramafic rock containing magnesium, nickel, cobalt and magnetite mineralization on this property.
Hidden Valley
| DDH HV07 | Hole Angle | Depth metres | Length metres | Nickel
% |
Cobalt ppm | Chromium
% |
Magnetite
% |
Magnesium
% |
|
| From | To | ||||||||
| 1 | -90˚ | 2.13 | 104.53 |
|
.1929 | 99 | 0.4 | 5.8 | 22.7 |
| 2 | -90˚ | 1.22 | 95.37 |
|
.2066 | 107 | 0.32 | 6.1 | 24.0 |
| 3 | -90˚ | 1.22 | 15.27 |
|
.2038 | 100 | 0.29 | 6.0 | 23.6 |
| 26.31 | 32.14 | 5.83 | .1909 | 88 | 0.24 | 5.2 | 21.1 | ||
| 33.31 | 66.6 | 33.29 | .1872 | 92 | 0.25 | 5.6 | 23.0 | ||
| 69.17 | 85.11 | 15.94 | .1384 | 76 | 0.17 | 4.6 | 14.9 | ||
| 4 | -90˚ | 1.22 | 16.87 |
|
.1997 | 97 | 0.22 | 5.4 | 24.7 |
| 20.42 | 29.65 | 9.23 | .2010 | 95 | 0.23 | 5.5 | 23.3 | ||
| 31.37 | 46.86 | 15.49 | .1848 | 87 | 0.29 | 5.3 | 20.8 | ||
| 65.03 | 78.09 | 13.06 | .1674 | 83 | 0.20 | 4.2 | 18.9 | ||
| 5 | -90˚ | 9.05 | 11.05 |
|
.2276 | 105 | 0.24 | 4.6 | 17.3 |
| 18.63 | 34.25 | 15.62 | .2005 | 96 | 0.28 | 4.8 | 21.6 | ||
| 48.83 | 58.06 | 9.23 | .1852 | 94 | 0.25 | 4.5 | 18.0 | ||
| 6 | -90˚ | 1.52 | 27.41 |
|
.2140 | 105 | 0.28 | 5.8 | 22.2 |
| 31.84 | 36.39 | 4.55 | .1994 | 90 | 0.30 | 4.0 | 20.0 | ||
| 38.75 | 103.94 | 65.19 | .2134 | 104 | 0.27 | 6.1 | 24.7 | ||
| 107.07 | 183.17 | 76.1 | .2098 | 103 | 0.48 | 5.6 | 23.0 | ||
| 188.36 | 203.13 | 14.77 | .2006 | 101 | 0.28 | 5.4 | 25.3 | ||
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.
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, magnesium, cobalt and magnetite properties.
| 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] |
Craig G. Robson
Vice President, Corporate Development West High Yield (W.H.Y.) Resources Ltd. Suite 520, 700 West Pender Street Vancouver, B.C. V6C 1G8 Telephone: (778) 886-7961 Facsimile: (604) 274-1431 Email: [email protected] or c[email protected] |
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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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