CALGARY, ALBERTA, – November 26, 2008. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) announces the release of its financial results for the three and nine months ended September 30, 2008 and the Management Discussion and Analysis (“MD&A”) dated November 24, 2008. The unaudited financial statements and related MD&A for the three and nine month period ended September 30, 2008 have been filed with Canadian securities regulatory authorities on SEDAR at www.sedar.com. During the quarter ended September 30, 2008, the Company recorded a net loss of $848,025 or $0.02 per share (year to date $1,559,341 or $0.04 per share) compared to a net loss in the corresponding period of 2007 of $854,350 or $0.02 per share (year to date $1,920,598 or
$0.05 per share). At September 30, 2008, the Company had a working capital surplus of $1,177,999 compared to a working capital surplus of $2,703,304 at December 31, 2007. The current working capital surplus position will allow the Company to fund the Company’s exploration activities for the early portion of the 2009 drilling season.
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.
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
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.
Not for dissemination in the United States or to US persons.
CALGARY, ALBERTA. November 12, 2008. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) is pleased to provide a progress report on exploration activities on its mineral properties located in Rossland, British Columbia and the release of two reports on the Company’s metallurgical test program for magnesium recovery. Since its last report which was issued on September 18, 2008, the Company has undertaken the following activities.
Completion of 2008 Drill Program
The Company has completed its 2008 definition diamond drill program for preparation of a NI 43-101 mineral resource estimation of the magnesium deposit on its Record Ridge South property. In addition to the six vertical NQ diamond holes drilled in 2007 totalling 1,131 metres (3,711 feet) on this property, the Company drilled 45 vertical NQ diamond holes totalling 5,278.5 metres (17,318 feet) in 2008. The 51 drill holes completed on the Record Ridge South property in 2007 and 2008 aggregated 6,409.5 metres (21,028 feet) and were drilled on a 50-meter square grid pattern within an approximate 200 metres by 500 metres section, in order to qualify for the necessary grid for a NI 43-101 compliant mineral resource estimate in the central portion of the Record Ridge South ultramafic body. The maps provided below outline the locations of the 51 drill holes and the resource estimation is divided into two sectors (northern and southern) by an east-west trending fault on line 350S, which is substantiated by hole RRS08-22.
Intersection of Magnesium Bearing Ultramafic Rock
As previously reported, the completed 2008 definition drill program conclusively intersected broad zones of magnesium bearing ultramafic rock (serpentinized dunite, wehrlite and lehzolite). The southern sector of the resource definition drilling tested by 28 holes with analytical data for 20 holes gave values averaging over 24% Magnesium and 0.2% Nickel from surface to an average of 75 metres except at, or near, the contact with the volcanics and intrusives to the southwest. The northern sector, tested by 21 holes with analytical data for 9 holes, gave values averaging over 24% Magnesium and 0.2% Nickel from surface to an average of 105 metres. This zone is open to the west.
Drilling Results
A total of 3,301 core samples (1.5 metres sample length) were split and sent to Assayer Canada of Vancouver, British Columbia. The Company has now received analysis for 23 out of the 45 holes drilled in the 2008 program on the Record Ridge South property. The Company previously announced the results of eight holes (RRS08-3 through RRS08-10) and the newly received analytical results for the 15 new holes are summarized in the chart below (averaging 23.35% Magnesium and 0.21% Nickel). The Company anticipates receiving the results of the remaining 22 drill holes within the next few weeks and plans to retain an independent engineering firm to undertake a NI 43-101 measured mineral resource
estimation. The chart below summarizes the results for the 15 holes on the Record Ridge South property recently received.
Record Ridge South
DDH RRS08
Depth metres
Length metres
Magnesium
%
Nickel
%
From
To
1
0.0
19.6
i 19.6
21.9
0.22
25.9
68.9
43.0
22.9
0.20
89.1
122.8
33.7
24.5
0.21
2
0.0
44.0
i 44.0
24.0
0.22
50.3
123.4
73.1
23.9
0.21
11
1.2
25.4
i 24.2
23.5
0.20
29.7
123.8
94.1
25.2
0.21
19
0.0
60.8
i 60.8
22.5
0.20
20
0.0
27.5
i 27.5
19.0
0.17
21
0.0
58.9
i 58.9
22.5
0.20
23
28.6
152.4
123.8
23.7
0.21
24
2.7
135.3
i 132.6
24.3
0.24
25
0.6
11.6
i 11.0
22.4
0.20
27.7
88.4
60.7
24.0
0.22
104.5
123.8
19.3
25.4
0.23
26
1.2
123.8
i 122.6
22.7
0.20
27
1.0
123.8
i 122.8
24.1
0.21
29
0.0
117.9
i 117.9
21.7
0.19
30
0.0
40.0
i 40.0
22.9
0.22
47.8
124.6
76.8
25.1
0.23
32
0.0
36.5
i 36.5
23.9
0.22
53.3
114.8
61.5
22.5
0.21
37
14.9
123.7
108.8
24.6
0.20
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 “ i ” symbol represents intersected serpentinite zones from the surface to the top of the first sub-volcanic or intrusive dykes.
The Nickel values reported above include Nickel in both sulphide and non-sulphide minerals as total Nickel.
Metallurgical Test Program Results
As previously reported, the Company retained Met-Solve Laboratories (“Met-Solve”) of Burnaby, British Columbia to prepare a preliminary metallurgical test report to determine the extractability of Magnesium from the ultramafic rock. Met-Solve initially tested 12 kilograms of drill cores from drill hole RRS07 and reported the results to the Company in September, 2008. A series of tests, including gravity concentration, flotation separation, magnetic separation and acid leach tests were conducted by Met-Solve. The cores, which contained an average of 26% Magnesium and 0.23% Nickel, gave the best results with 84.5% extraction of the Magnesium into solution using direct sulphuric acid (H2SO4) leaching at 70˚C to produce magnesium sulphate (MgSO4) and 39.4% of the Magnesium by hydrochloric acid (HC1) leaching to produce magnesium chloride (MgCl2).
Encouraged by the results of Magnesium recovery from the initial testing, the Company shipped an additional 200 kilograms of drill cores for additional metallurgical testing to Met-Solve. This test work consisted primarily of hydrochloric acid (HCl) leaching at 70˚C. The drill cores for this metallurgical testing were selected from eight holes in the southern sector of the Record Ridge South property, which
contained an average of greater than 25% Magnesium. Using the hydrochloric acid leaching method, Met-Solve was able to extract 78.6% of the Magnesium in the form of magnesium chloride (MgCl2) into solution. The Company has filed copies of the initial and subsequent Met-Solve reports for the metallurgical test program on its website.
Commencement of 2008 Gold Exploration Drilling Program
The Company recently commenced its 2008 gold exploration drilling program on its IXL and Golden Drip crown granted claims. In 2006, more than 12 angle and vertical holes were laid down in these claims for a target to increase the measured drill resources of high grade gold veins and mineralized structures. These minerals were encountered in 11 drill holes, including 40.9 g/t Au over 1.1 metres at hole SR06-11 in the Company’s 2006 gold exploration drilling program. The Company previously announced the results of its 2006 gold exploration program in the Midnight, IXL and OK crown granted claims.
The maps provided below (Figure 2 – Line Grid & Drill Hole Plan) outline the completed 2008 resource definition drilling program with a 50 metre square grid pattern. The maps also show the general shape of the Magnesium bearing ultramafic body, a 7.5 square kilometre, rhombic shape which was adapted from Geological Survey Bulletin 108.
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
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.
Not for dissemination in the United States or to US persons.
CALGARY, ALBERTA. September 18, 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 2008 Diamond Drill Program for 8 out of 38 holes drilled to date, which include locations RRS08-3 through RRS08-10 on the Company’s Record Ridge South property. The assay results were provided by Assayer Canada of Vancouver, British Columbia. The Company anticipates receiving the results of the remaining 30 drill holes within the next few weeks and plans to complete up to 7 additional drill holes on this property to complete the necessary grid for a NI 43-101 compliant analysis of the property. In the course of its exploration activities on the Record Ridge South property, the Company continues to intersect broad zones of Ultramafic rock containing high magnesium mineralization. The chart below summarizes the results for the 8 drill holes on the Record Ridge South property received to date.
Record Ridge South
DDH RRS08
Depth metres
Length metres
Nickel
%
Magnesium
%
From
To
3
1.8
63.0
61.2
0.22
25.0
79.4
109.0
29.6
0.22
25.0
111.5
149.7
16.5
0.21
24.0
4
4.6
36.0
31.4
0.24
27.0
40.9
123.1
82.2
0.25
27.0
5
0.6
22.3
21.7
0.24
26.4
24.3
45.3
21.0
0.20
23.0
6
1.2
54.8
53.6
0.22
25.6
7
1.2
48.8
47.6
0.20
26.8
50.9
67.1
16.2
0.19
20.4
68.5
123.4
54.9
0.27
26.7
8
1.5
12.5
11.0
0.19
24.0
15.7
25.2
9.5
0.20
25.3
31.4
96.3
64.9
0.20
24.0
104.6
123.8
19.2
0.19
23.0
9
1.2
4.9
3.7
0.19
22.0
16.9
29.5
12.6
0.19
21.0
35.9
73.6
37.7
0.19
22.0
10
0.6
33.7
33.1
0.20
22.0
36.4
59.4
23.0
0.14
18.0
64.7
71.7
7.0
0.15
17.0
80.9
126.8
45.9
0.21
24.0
Disclaimers:
The nickel values reported above include nickel in both sulphide and non-sulphide minerals as total nickel. Sulfide nickel % has represented as much as 50% of total nickel when this analysis has been performed on other samples. At present, there is no known economic method to recover nickel from silicate minerals, thus the reported values could be confusing to investors who may interpret the above reported values as total recoverable nickel.
The 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).
The maps provided below outline the current progress of the 2008 drilling program, where on completion, the Company will have approximately 51 drill holes (6 drilled in 2007 and 45 drilled or proposed for 2008) with 50 meter spacing on its Record Ridge South property. The following is the 2008 Record Ridge South drill index map. (The dark grey rhombic shape is the 7.5 square kilometre discovery found by Kirk D. Hancock in 1982).
Note: Holes identified as numbers 37 and 38 were completed this week.
Golden Drip
It is anticipated that in the balance of the 2008 drilling season, weather permitting, the Company will continue to drill an additional 10 holes on its Golden Drip property. All of the Company’s properties are contiguous and are located near Rossland, British Columbia.
Recoverability of Magnesium
At present, the Company is not certain if it can economically liberate magnesium from the source rocks that it has tested. The Company has provided core samples to both SGS Minerals Services (“SGS”) in Lakefield, Ontario and Met-Solve Laboratories Inc. (“Met-Solve”) in Burnaby, British Columbia to undergo a series of mineralogical tests to establish magnesium recoverability. When the tests have been completed, they will be reviewed by Kevin Scott, Principal Metalurgist with Scott Wilson Mining of Vancouver, British Columbia. The Company anticipates the final reports from these analyses in the next few months.
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
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.
Not for dissemination in the United States or to US persons.
CALGARY, ALBERTA. August 28, 2008 – West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) announces the release of its financial results for the three and six months ended June 30, 2008 and the Management Discussion and Analysis (“MD&A”) dated August 26, 2008. The unaudited financial statements and related MD&A for the three and six month period ended June 30, 2008 have been filed with Canadian securities regulatory authorities on SEDAR at www.sedar.com.
Highlights
The Company commenced 2008 field season drilling operations on May 27, 2008 and completed the drilling of approximately 11 drill holes and 1,238 metres of core on the Company’s properties to June 30, 2008. Assay results will be released when available.
The Company provided core samples to both SGS Minerals Services (“SGS”) in Lakefield, Ontario and Met-Solve Laboratories Inc. (“Met-Solve”) in Burnaby, British Columbia to undergo a series of mineralogical tests to establish magnesium recoverability. The Company anticipates the final reports from these analyses in the next few months.
During the quarter, the Company entered into an agreement with a drilling contractor where the Company committed to a minimum of 6,096 metres of core drilling services and the Company financed the purchase of a drilling rig for its drilling contractor.
During the quarter ended June 30, 2008, the Company recorded a net loss of $473,736 or
$0.01 per share (year to date $711,316 or $0.02 per share) compared to a net loss in the corresponding period of 2007 of $759,583 or $0.02 per share (year to date $1,066,248 or $0.03 per share). At June 30, 2008, the Company had a working capital surplus of $2,048,468 compared to a working capital surplus of $3,846,016 at June 30, 2007. The current working capital surplus position will allow the Company to fund this year’s exploration activities.
In 2008, the Company plans to actively work the property and drill approximately 40 vertical NQ diamond drill holes. To date, the Company has completed 26 drill holes totaling 2,798 metres.
Mr. Warren Robb resigned as a director of the Company. The Board of Directors would like to thank Mr. Robb for his dedication and contributions to the Company and to wish him every success in his future endeavors.
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.
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
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.
Not for dissemination in the United States or to US persons.
CALGARY, ALBERTA. – Friday, May 30, 2008. As a result of a review by the Alberta Securities Commission, West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) is issuing the following news release to clarify previous disclosures concerning its mineral exploration programs covering its Rossland, British Columbia properties.
The Company has been engaged in the exploration of gold, nickel and magnesium on the Company’s properties near Rossland, in south central British Columbia. As a result of an initial Diamond Drill program in 2007, the Company expanded its exploration focus from gold to include nickel and later magnesium. Subsequently, the Company disclosed three drill holes stating nickel values over long intervals. The nickel values were quoted in grams per tonne (g/t) as well as pounds per ton (lbs/t). These two descriptive terms are not the industry standard terms for reporting nickel, which is generally reported as a percentage (%). In addition, the intervals and the weighted averages cited did not reflect the waste partings that were encountered in the drill holes. The recalculated and corrected intercept lengths and weighted averages are provided in the chart below.
Revised Table for Nickel Mineralization Holes SR06-17, 18, 20 and 21 (previously included in the Press Release of March 21, 2007)
Site #
Hole #
Hole
Angle
From
metres
To
metres
Length
metres
Nickel
%
6
SR06-17
-60˚
16.8
86.6
69.8
0.19
87.8
100.3
12.5
0.17
103.5
114.2
10.7
0.18
114.9
143.7
28.8
0.17
146.0
165.5
19.5
0.19
166.4
176.9
10.5
0.18
SR06-18
-45˚
6.0
58.2
52.2
0.17
SR06-20
-45˚
12.5
56.7
44.2
0.18
Midnight 3100 level
SR06-21
-45˚
23.2
47.5
24.3
0.18
57.0
68.3
11.3
0.20
97.2
161.2
64.0
0.187
The nickel values reported above include nickel in both sulphide and non-sulphide minerals as total nickel (see discussion below)
Previous news releases also contained the terms “commercial interest” and “economic interest”. The Company wishes to clarify that presently, there is no NI 43-101 compliant mineral resource estimate on the Company’s Rossland properties and thus terms such as “commercial” or “economic” are inappropriate. On May 7, 2007, the Company issued a news release and again
referenced nickel values in pounds per ton (lbs/t). The Company advises that this practice was stopped and all subsequent news releases reported nickel in percentages.
In its September 21, 2007 news release, the Company attempted to clarify its nickel analysis techniques. The method of analysis employed by the Company consisted of a “four acid total digestion”. The result of this total digestion is that all the nickel contained within the sample, in both the sulphide and silicate minerals, is liberated and thus will be reported when investigated by ICP analysis. All nickel results reported by the Company were derived by this method. A portion of the nickel reported is derived from silicate minerals. It should be noted that at present, there is no known economic method to recover nickel from silicate minerals, thus the reported values could be confusing to investors who may interpret the reported values as total recoverable nickel. The Company attempted to address this issue by placing a disclaimer in news releases stating: “The nickel values reported above include nickel in both sulfide and non sulphide minerals as total nickel“. In addition, the Company described the variation in results from total nickel to nickel in sulfides. The following table shows the results of 22 samples from drill hole DDH IV07-1 which were analyzed for total nickel and for nickel in sulfides and formed the basis for the disclosure in the September 21, 2007 news release. The analysis was conducted by Assayers Canada Ltd. and SGS Lakefield Research Limited.
DDH IV07-1
Total Nickel %
Sulfide Nickel %
From (metres)
To (metres)
Length (metres)
SGS
Assayers Canada
SGS
Assayers Canada
24.02
25.52
1.5
0.24
0.24
0.072
0.102
25.52
27.02
1.5
0.21
0.24
0.073
0.104
27.02
28.52
1.5
0.23
0.25
0.078
0.096
28.52
30.52
2
0.22
0.24
0.066
0.089
30.02
31.52
1.5
0.22
0.24
0.069
0.09
78.96
80.46
1.5
0.26
0.27
0.095
0.13
80.46
81.96
1.5
0.24
0.25
0.069
0.12
105.45
106.95
1.5
0.23
0.27
0.08
0.09
106.96
108.45
1.49
0.25
0.26
0.069
0.08
108.45
109.95
1.5
0.24
0.26
0.064
0.10
109.95
111.45
1.5
0.24
0.26
0.07
0.09
111.45
112.95
1.5
0.25
0.27
0.08
0.10
120
121.5
1.5
0.24
0.25
0.056
0.08
121.5
123
1.5
0.25
0.27
0.07
0.10
123
124.5
1.5
0.25
0.25
0.089
0.10
124.5
126
1.5
0.25
0.26
0.095
0.12
126
127.5
1.5
0.24
0.26
0.091
0.13
141.1
142.6
1.5
0.25
0.25
0.14
0.14
142.6
144.1
1.5
0.25
0.28
0.14
0.15
144.1
145.6
1.5
0.23
0.26
0.13
0.14
145.6
147.1
1.5
0.25
0.3
0.12
0.14
147.1
148.6
1.5
0.23
0.23
0.13
0.12
In the same news release, the Company began reporting assayed magnesium values of up to
25.9 %, and has been reporting its assayed magnesium values ever since. Magnesium is used as an alloy with aluminum, to increase both its strength and rigidity and is used extensively in die- casting. Magnesium does not occur naturally as a pure metal but is found in over 60 minerals. Historically magnesium production in Canada has been achieved from three operations, only one of which recovered magnesium from ultramafic rocks. That operation closed in 2003. To date no magnesium production has been derived from ultramafic rocks in the Rossland area. At present, the Company is not certain if it can liberate magnesium from the rocks that it has tested. The Company has submitted drill core samples from three holes to SGS Lakefield Research Limited, a member of the SGS Group in Lakefield, Ontario to conduct metallurgical and hydrometallugical test work to clarify if the magnesium can be liberated from the source rocks. The Company will release the findings of this metallurgical testing once it has been received.
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.
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
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.
Not for dissemination in the United States or to US persons.
CALGARY, ALBERTA, – May 23, 2008. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) is pleased to announce the release of its financial results for the three months ended March 31, 2008 and the Management Discussion and Analysis (“MD&A”) dated May 22, 2008. The unaudited financial statements and related MD&A for the three month period ended March 31, 2008 were filed with Canadian securities regulatory authorities on SEDAR at www.sedar.com.
Highlights
During the first quarter of 2008, the Company continued to receive assay results from the core samples from the 2007 field season. The Company has released the results for the 31 drill holes completed on its 2007 Diamond Drill Program. The assay results for drill holes were provided by Assayer Canada of Vancouver, British Columbia.
In the course of its exploration activities on its claims, the Company intersected broad zones of Ultramafic rock containing nickel and magnesium mineralization.
In the fall of 2007, the Company provided samples of the Ultramafic rock to SGS Minerals Services (“SGS”) in Lakefield, Ontario to undergo a series of mineralogical tests to establish magnesium recoverability. The Company anticipates the final report from this analysis in the next few months.
During the quarter ended March 31, 2008, the Company recorded a net loss of $237,580 or
$0.01 per share compared to a net loss in the corresponding period of 2007 of $306,665 or
$0.01 per share. At March 31, 2008, the Company had a working capital surplus of $2,514,736 compared to a working capital surplus of $2,703,304 at December 31, 2007. The current working capital surplus position will allow the Company to fund this year’s exploration activities.
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.
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
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.
Not for dissemination in the United States or to US persons.
CALGARY, ALBERTA, – April 25, 2008. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) is pleased to announce the release of its financial results for the year ended December 31, 2007 and the Management’s Discussion and Analysis (“MD&A”) dated April 24, 2008. The audited financial statements and related MD&A for the period ended December 31, 2007 were filed with Canadian securities regulatory authorities on SEDAR at www.sedar.com.
Highlights
Phase 3 of the Company’s 2007 core drilling program was completed in November, 2007. During 2007, approximately 6,279 metres of core was drilled on the Company’s property near Rossland, British Columbia.
The Company previously announced that it had received the analysis for the 31 drill holes completed on its 2007 Diamond Drill Program drilled on the Company’s properties. The assay results for drill holes were provided by Assayer Canada of Vancouver, British Columbia.
In the course of its exploration activities on its claims, the Company intersected broad zones of Ultramafic rock containing magnesium, nickel and cobalt mineralization.
During the quarter ended December 31, 2007, the Company recorded a net loss of $318,962 or $0.01 per share (year to date $2,239,560 or $0.06 per share) compared to a net loss in the corresponding period of 2006 of $572,369 or $0.02 per share (year to date $1,986,511 or $0.07 per share). At December 31, 2007, the Company had a working capital surplus of $2,703,304 compared to a working capital surplus of $1,657,594 at December 31, 2006. The current working capital surplus position will allow the Company to fund this year’s exploration activities.
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
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.
Not for dissemination in the United States or to US persons.
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
22.38
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
28.52
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
126.92
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
17.82
0.222
0.02
0.29
25.5
3
-90˚
9.48
39.41
29.93
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
92.32
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
55.06
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
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.
Not for dissemination in the United States or to US persons.
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
9.10
.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
30.25
.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
102.40
.1929
99
0.4
5.8
22.7
2
-90˚
1.22
95.37
94.15
.2066
107
0.32
6.1
24.0
3
-90˚
1.22
15.27
14.05
.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
15.65
.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
2.00
.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
25.89
.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
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.
Not for dissemination in the United States or to US persons.
CALGARY, ALBERTA. February 5, 2008. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) announces that the Company has received the analysis for drill holes 9, 10 and 11 from its 2007 Diamond Drill Program. The Company has now received analysis for 12 out of 31 total drill holes and previously announced the results of drill holes 1 through 5, 6, 7, 8 and
14. Drill holes 9, 10 and 11 were drilled on the Company’s Ivanhoe Ridge property and the assay results were provided by Assayer Canada of Vancouver, British Columbia. The Company anticipates receiving the results of the remaining 19 drill holes within the next 6 weeks. In the course of its exploration activities on the Ivanhoe Ridge property, the Company continues to see results which are consistent with the first 9 drill holes drilled on the Ivanhoe Ridge property. This includes broad zones of ultramafic rock containing magnesium, nickel, cobalt, chromuim and magnetite mineralization. The chart below summarizes the results for drill holes 9, 10 and 11 which have an average of .1721% nickel and 20.5% magnesium.
DDH IV07
Hole Angle
Depth meters
Length metres
Nickel
%
Cobalt ppm
Chromium
%
Magnetite
%
Magnesium
%
From
To
9
-50˚
3.4
25.6
22.2
.1402
88
0.20
4.2
16.9
34.7
91.42
56.72
.1737
105
0.28
5.8
22.0
10
-55˚
1.22
11.22
10.0
.1573
97
0.18
4.3
20.0
87.82
101.55
13.73
.1469
92
0.24
4.5
16.9
115.87
306.34
190.47
.2083
113
0.33
4.9
25.4
11
90˚
3.66
52.94
49.28
.1820
103
0.28
5.9
22.4
57.55
75.82
18.27
.1650
96
0.24
5.4
21.4
79.33
90.22
10.89
.1535
87
0.22
5.8
17.0
126.5
153.75
27.5
.2232
112
0.28
4.5
23.0
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.
In the 2007 Drill Program, the Company completed 30 NQ diamond drill holes totaling 6,012 metres on its Ivanhoe Ridge property and 1 NQ diamond drill hole (267 metres) on its Golden Drip Claim prior to closing down field activities for winter in November, 2007. Ivanhoe Ridge and Golden Drip are located near Rossland, British Columbia. In previous press releases, the Company advised that it continues to intersect broad zones of ultramafic rock containing magnesium, nickel, cobalt, chromium and magnetite mineralization.
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
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.
Not for dissemination in the United States or to US persons.
