West Mining Corp. Announces Exploration Program on Junker Property
Rhea-AI Summary
West Mining Corp. (CSE:WEST, OTC:WESMF) has announced the start of an exploration program on its 100% owned Junker Property in northern British Columbia. The program will combine existing geophysical and sampling surveys with new multispectral satellite image analysis to identify high-potential gold, copper, and silver targets for summer field investigation.
The 2,100-hectare property has shown promising initial results, including a stream sediment sample above the 99th percentile for gold. Previous rock samples have yielded up to 1.28 g/t gold, 8.64 g/t silver, and 0.4% copper. The company aims to advance all projects in its portfolio, including the flagship Kena Project near Nelson, BC, which has a 2021 NI43-101 resource estimate of 561,900 oz Au indicated and 2,773,100 oz Au inferred.
Positive
- Commencement of exploration program on 100% owned Junker Property
- Integration of existing data with new multispectral satellite image analysis
- Previous rock samples yielded up to 1.28 g/t gold, 8.64 g/t silver, and 0.4% copper
- Kena Project has a significant NI43-101 resource estimate of 561,900 oz Au indicated and 2,773,100 oz Au inferred
Negative
- None.
News Market Reaction – WESMF
On the day this news was published, WESMF gained 6.79%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
VANCOUVER, BC / ACCESSWIRE / July 24, 2024 / WEST MINING CORP. ("WEST" OR THE "COMPANY") (CSE:WEST)(OTC PINK:WESMF)(FRA:1HL) is pleased to announce commencement of an exploration program on the
The multispectral analysis is expected to begin by examining European Space Agency Sentinel 2 images with falsecolor, shortwave infrared bands to create composite images with PCA results at 20 m per pixel resolution. Targets identified from this work will be defined in greater detail by high resolution satellite image capture and analysis. These datasets will be integrated with existing airborne magnetic and field sampling surveys before follow-up in the field.
As noted in a West news release dated March 22, 2021, initial interest in the Junker Property was sparked by a stream sediment sample that is above the 99th percentile gold (INNA), collected as part of the BC Ministry of Mines Regional Geochemical Sampling program. Similar signatures with 98th or 99th percentile gold in stream sediment samples were returned near the historic Lawyers, Kemess and Baker Mines.
The Junker Property covers 2,100 hectares and is underlain by Lower to Middle Jurassic marine sedimentary and volcanic rocks of the Hazelton Group. In 2004, Stealth Minerals collected 19 rock samples and 13 silt samples for geochemical analysis (see BC Ministry of Mines Assessment Report #27637). Rock samples consisted of grabs from float and subcrop. PIMA spectroscopy analysis was done on 16 rock samples to determine alteration.
A float sample of quartz with pyrite yielded 1.28 g/t gold and 1.69 g/t silver (sample 151456).
A sample of pyritic quartz vein subcrop yielded 0.1 % copper and 1.08 g/t gold (sample 151405).
A dacitic subcrop sample containing thin quartz stringers with pyrite yielded
0.4% copper and 8.64 g/t silver (sample 151401). This sample was located about 500 metres east of sample 151405.
Nader Vatanchi, West Mining's Chief Executive Officer, said "we are excited to follow up on previous interest and begin work on our Junker property. Our goal is to advance all the projects in West's portfolio moving forward."
Harrison Cookenboo, Ph.D., P.Geo., a "Qualified Person" for the purpose of National Instrument 43-101, has reviewed and approved the contents of this news release.
About West Mining Corp.
West Mining Corp. is a mineral exploration company acquiring and developing advanced and early-stage exploration projects. Its flagship project is its
For additional information, please refer to the Company's public disclosure record available on SEDAR+ at www.sedarplus.com.
West Mining Corp.
Nader Vatanchi
778-881-4631
CEO
nadervatanchi@hotmail.com
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The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.
Certain statements contained in this press release constitute "forward-looking information" as such term is defined in applicable Canadian securities legislation. The words "may", "would", "could", "should", "potential", "will", "seek", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions as they relate to the Company, are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information. Such statements reflect the Company's current views and intentions with respect to future events, and current information available to them, and are subject to certain risks, uncertainties and assumptions, including, without limitation: the potential of the Company's mineral properties; the estimation of capital requirements; the estimation of operating costs; the timing and amount of future business expenditures; and the availability of necessary financing. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Such factors include but are not limited to: changes in economic conditions or financial markets; increases in costs; litigation; legislative, environmental and other judicial, regulatory, political and competitive developments; and exploration or operational difficulties. This list is not exhaustive of the factors that may affect forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.
SOURCE: West Mining Corp
View the original press release on accesswire.com
FAQ
What is West Mining Corp's exploration plan for the Junker Property in 2024?
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What is the size and geological setting of West Mining Corp's Junker Property?
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