West High Yield Announces Corporate Developments

West High Yield (W.H.Y.) Resources Ltd. ("West High Yield" or the "Company")
(TSX VENTURE:WHY) announces that SRK Consulting (U.S.), Inc. of Lakewood,
Colorado ("SRK") has completed a Project Review (Gap Analysis) Report for the
Company which has been filed on the Company's SEDAR profile at www.sedar.com and
is also available on the Company's website www.whyresources.com.


SRK Independent Project Review Gap Analysis

On June 4, 2013, the Company released the results of a Preliminary Economic
Assessment ("PEA") on its 100% owned Record Ridge Project (the "Record Ridge
Property"). The Record Ridge Property is an intermediate advanced exploration
stage magnesium ("Mg") project located in southern British Columbia, Canada. The
PEA was prepared by SRK and was filed on the Company's SEDAR profile at
www.sedar.com and is also available on the Company's website at
www.whyresources.com.


The PEA presumes a conventional open pit mine, a novel hydrometallurgical
processing plant, a calcined magnesia intermediate product plant along with a
fused magnesia production plant with pre-tax Net Present Value ("NPV") using a
5% discount rate of US$1.339 billion and Internal Rate of Return ("IRR") of 21%
and a post-tax NPV of US$830 million using a 5% discount and post-tax IRR of 17%
.


As noted, SRK prepared a Project Review Gap Analysis in respect of the Company's
Record Ridge Project. SRK reviewed the available documentation and information
pertaining to the Record Ridge Project and commented on its sufficiency for use
in a Prefeasibility Study ("PFS"). SRK conducted a desktop review of the minimum
reporting requirements for a PFS and assessed gaps which should be addressed
prior to or over the course of the study. SRK provided the following as a result
of this review: 




--  A list of those gaps in the Company's currently available data and
    information which should be addressed in a PFS. 
--   General recommendations for how those gaps can be remedied. 
--  A conceptual budget and schedule for completion of a PFS based on
    assumptions that the gaps can be addressed either prior to or as a part
    of the PFS.



About West High Yield

West High Yield is a publicly traded junior mining exploration and development
company focused on the continued development of its Record Ridge intermediate
advanced exploration stage magnesium project based on the recommendations
contained in the Company's Record Ridge PEA. The Company controls a 100%
interest in its Record Ridge project which consists of 23 contiguous mineral
claims, 8 Crown-granted claims and one private claim covering 7,891 hectares.
Record Ridge is located near the town of Rossland, B.C., Canada. The
mineralization on the Company's property is related to the elevated magnesium
content in serpentinized mafic rocks. Additional information with respect to the
property can be found on the Company's website at www.whyresources.com. 


Reader Advisory and Forward-Looking Statements 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


When relying on the Company's forward-looking information to make decisions,
investors and others should carefully consider the foregoing factors and other
uncertainties and potential events. The Company has assumed a certain
progression, which may not be realized. It has also assumed that the material
factors referred to in the previous paragraphs will not cause such
forward-looking information to differ materially from actual results or events.
The Company cautions that the foregoing list of material factors is not
exhaustive and is subject to change and there can be no assurance that such
assumptions will reflect the actual outcome of such items or factors. The
forward-looking information contained in this news release represents the
expectations of the Company as of the date of this news release and,
accordingly, is subject to change after such date. Readers should not place
undue importance on forward-looking information and rely upon this information
as of any other date. While the Company may elect to, it does not undertake to
update this information at any particular time.


49,276,093 Common Shares Issued

FOR FURTHER INFORMATION PLEASE CONTACT: 
West High Yield (W.H.Y.) Resources Ltd.
Frank Marasco
President and Chief Executive Officer
(403) 660-3488
(403) 206-7159 (FAX)
frank@whyresources.com


West High Yield (W.H.Y.) Resources Ltd.
Dwayne Vinck
Chief Financial Officer
(403) 257-2637
(403) 206-7159 (FAX)
vinck@shaw.ca
www.whyresources.com
Inform Resources (TSXV:IRR)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024