CALGARY, ALBERTA. April 24, 2008. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) announces that the Company has now received the analysis for all 31 holes drilled in its 2007 NQ Diamond Drill Program. The Company reports the results for the last 11 holes which includes drill holes WS07 1 through 4 on the Company’s West Sophia property, drill hole GD07 1 on its Golden Drip property and drill holes RRS07 1 through 6 on its Record Ridge South property. The Company drilled an aggregate of 6,279 metres on its contiguous mineral properties located near Rossland, British Columbia in the 2007 drill program. The following map sets out the areas on which the 2007 exploration program was conducted.
West Sophia
The Company reports that the northern part of West Sophia is dominated by volcanic and sub- volcanic dykes within the serpentinites. Of the four vertical holes drilled in West Sophia, two holes (1 and 3) disclosed volcanic and intrusive rocks (basaltic andesite to diorite) from overburden contact to end of hole with no ultramafic rocks being observed. The assayed results from the West Sophia drilling program are summarized in the following chart.
| DDH WS07 | Hole Angle | Depth metres | Length metres | Nickel
% |
Cobalt
% |
Chromium
% |
Magnesium
% |
|
| From | To | |||||||
| 1 | -90˚ | 1.52 | 90.7 | 89.18 | 0.006 | 0.002 | N/A | N/A |
| 2 | -90˚ | 3.38 | 25.76 |
|
0.199 | 0.01 | 0.27 | 21.7 |
| 3 | -90˚ | 3.7 | 44.8 | 41.1 | 0.01 | 0.003 | N/A | N/A |
| 4 | -90˚ | 4.61 | 33.13 |
|
0.200 | 0.01 | 0.30 | 24.3 |
Disclaimers:
- The nickel values reported above include nickel in both sulphide and non-sulphide minerals as total nickel.
- Length metres with the “•” symbol is from the overburden contact to the base of serpentinite intersection underlain (undercut).
Golden Drip
The Company reports that one drill hole was completed to the depth of 267 metres on its Golden Drip property. The purpose of this drilling was to find a possible vein system near the volcanic (andesite) serpentinite contact in the Golden Drip property which is parallel to the known veins in the contiguous OK and IXL workings. The drilling results for the Golden Drip property were not encouraging as management determined that the volcanic rocks in this hole are not a part of major volcanic lava but rather dikes or sills injected within the serpentinites. Two quartz veins were assayed and the results are summarized in the following chart.
| DDH GD07 | Depth metres | True
Width metres |
Au g/tonne | Ag g/tonne | |
| From | To | ||||
| 1 | 2.7 | 3.4 | 0.5 | 0.193 | 0.0095 |
| 141.27 | 143.64 | 1.4 | 0. 201 | 0.01 | |
Record Ridge South
Six vertical holes with 100 metres spacing were drilled in the Company’s Record Ridge South property. The Company reports that holes 1, 4, 5 and 6 on a 100-metre square grid encountered ultramafic rocks and returned broad zones of magnesium, nickel and cobalt bearing serpentinites from the surface or near surface to the depth of 55 metres to 137 metres, averaging just over 100 metres. As set out below, the magnesium values of the near surface serpentinites for those four
holes range from a low of 22.4% in hole 1 to a high of 26% in hole 5, averaging 24.5% magnesium. Hole 1 also includes nickel and cobalt bearing zones within the serpentinites. However, it should be noted that this nickel bearing section lies at a deeper level of approximately 172 metres below the surface. Based on the results to date and as a result of easier access, the Company advises that it will continue with its drill program on the Record Ridge South property in the summer of 2008.
| DDH RR507 | Hole Angle | Depth metres | Length metres | Nickel
% |
Cobalt
% |
Chromium
% |
Magnesium
% |
|
| From | To | |||||||
| 1 | -90˚ | 14.17 | 141.09 |
|
0.193 | 0.0095 | 0.30 | 22.4 |
| 142.49 | 156.53 | 14.04 | 0. 201 | 0.01 | 0.32 | 20.5 | ||
| 157.67 | 161.69 | 4.02 | 0. 218 | 0.0 1 | 0.32 | 20.0 | ||
| 163.37 | 179.40 | 16.03 | 0.274 | 0.0 1 | 0.33 | 22.7 | ||
| 181.66 | 201.7 | 20.05 | 0.178 | 0.0 1 | 0.24 | 22.0 | ||
| 2 | -90˚ | 2.0 | 19.82 |
|
0.222 | 0.02 | 0.29 | 25.5 |
| 3 | -90˚ | 9.48 | 39.41 |
|
0.207 | 0.01 | 0.30 | 24.7 |
| 42.51 | 73.05 | 30.54 | 0. 191 | 0.01 | 0.27 | 22.0 | ||
| 4 | -90˚ | 2.25 | 94.57 |
|
0.210 | 0.01 | 0.35 | 25.0 |
| 109.86 | 118.84 | 8.58 | 0.202 | 0.01 | 0.42 | 31.3 | ||
| 123.41 | 182.80 | 59.39 | 0.219 | 0.01 | 0.31 | 25.5 | ||
| 5 | -90˚ | 13.62 | 151.18 | 137.56 | 0.214 | 0.0 1 | 0.35 | 26.0 |
| 155.73 | 170.22 | 14.49 | 0.212 | 0.01 | 0.28 | 26.1 | ||
| 6 | -90˚ | 3.93 | 58.99 |
|
0.208 | 0.01 | 0.27 | 25.1 |
| 83.62 | 96.0 | 12.38 | 0.227 | 0.01 | 0.27 | 29.1 | ||
| 99.86 | 105.72 | 5.86 | 0.225 | 0.01 | 0.26 | 28.9 | ||
| 120.09 | 130.48 | 10.39 | 0.203 | 0.01 | 0.36 | 25.4 | ||
| 134.78 | 142.70 | 7.92 | 0.208 | 0.01 | 0.32 | 24.8 | ||
Disclaimers:
-
- The nickel values reported above include nickel in both sulphide and non-sulphide minerals as total nickel.
- Length metres with the “•” symbol is from the overburden contact to the base of serpentinite intersection underlain (undercut).
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.
2008 Drilling Program
The Company plans to commence its 2008 drilling program in May with drilling being conducted on the Company’s Midnight, Golden Drip, Record Ridge South, West Sophia and
Hidden Valley properties. The Company plans to drill approximately 40 drill holes in the 2008 program.
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 and cobalt 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 [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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