West Mining Corp. (“West” or the “Company”) is pleased to provide an update on its Blue Cove Copper Project located at the head of Fortune Bay, Newfoundland. The Company has completed a review of its 2022 exploration efforts and based on positive results to date, will continue with further exploration on the Property. The Blue Cove Property, located near excellent infrastructure and a deep sea port, consists of 232 contiguous claims covering a 5800-hectare area. Only a small portion of the property has been investigated and continued exploration efforts are warranted.
Nick Houghton, President and CEO comments, “We have been very encouraged by the initial results from the first phase of our exploration on the Blue Cove Property. The project has proven its merit to the Company though it has only seen limited work historically. Given our early findings of high-grade copper, additional work is deemed necessary to advance this project to the next level in a diligent and cost-effective manner.”
First-phase reconnaissance exploration efforts on the Property have identified four key areas of interest with other new targets recently identified. The results of the 2022 exploration work can be found in Press Releases dated August 02, 2022, and September 28, 2022. The main targets currently under priority investigation include:
Moving forward, the Company plans on continued prospecting of the known target areas as well as follow-up on nearly identified prospective areas and overall prospecting of the Property in general including key geological structures of interest. Additional work expanding areas of soil geochemical sampling and continued ground geophysical techniques including a magnetometer and induced polarization/resistivity surveying will also be undertaken. Should exploration results warrant, a drill program would likely be the next step to advance the project. A decision on drilling will be made once all data is carefully evaluated.
Dean Fraser, P.Geo., a “Qualified Person” for the purpose of National Instrument 43-101, has reviewed and approved the contents of this news release.
The Company also announces that it has issued an aggregate of 6,000,000 restricted share units (each, an “RSU”) to certain directors, officers, and consultants of the Company pursuant to the Restricted Share Unit Plan of the Company, all such RSUs vesting immediately. The RSUs and any common shares issuable upon conversion thereof will be subject to a four-month hold period in accordance with the policies of the Canadian Securities Exchange.
West Mining Corp. is a mineral exploration company acquiring and developing advanced and prospective early-stage exploration projects. It is fully focused on its 100% owned, 9000-hectare Kena Project located near Nelson, British Columbia. The Kena Project comprises three adjoining Properties: Kena, Daylight, and Athabasca. A recent NI43-101 resource estimate for Kena gave 561,900 oz Au indicated and 2,773,100 oz Au inferred in the Gold Mountain, Kena Gold, and Daylight Zones. The Kena Property also hosts the large Kena Copper Zone, along with with the historic Euphrates and Gold Cup gold-silver mines. The Daylight property contains the historic past producing Daylight, Starlight, Victoria, Irene, and Great Eastern gold mines. Along the trend to the north is the Athabasca Property, with the historic Athabasca Gold Mine. The historic mines and known mineralized zones on these three properties are structurally controlled along a 20-kilometer strike as identified by strong geophysical signatures.
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