Business
West Kirkland Announces Revised Strategic Plan
Vancouver, British Columbia--(Newsfile Corp. - August 12, 2019) - West Kirkland Mining Inc. (T...
About this update from West Vault Mining Inc
[{"type":"text","content":"West Kirkland Announces Revised Strategic PlanVancouver, British Columbia--(Newsfile Corp. - August 12, 2019) - West Kirkland Mining Inc. (TSXV: WKM) (\"West Kirkland\" or the \"Company\") announces that at a recent meeting of the Board of Directors a revised strategic plan was developed for the Company with the intention to amplify the Company's strengths while reducing holding costs and dilution risks for shareholders. Key strengths of the Company include its 75% ownership of, and its 1.1% net smelter return royalty over, the Hasbrouck Gold Project located in Tonopah, Nevada. The Hasbrouck Gold Project, comprised of the planned Three Hills Mine and the nearby planned Hasbrouck Mine, contains Proven & Probable Reserves of 784,000 gold equivalent oz (45,270,000 tons at 0.017 Au oz/ton for 762,000 contained Au oz; 0.233 Ag oz/ton for 10,569,000 contained Ag ounces)1. Key objectives of the Company's revised strategic plan include:Holding permitted gold reserves in Nevada;Minimizing holding and overhead costs;Protecting and enhancing shareholder value;Developing the Hasbrouck Project if and only if market conditions are compelling and financial risks are low; andReturning capital to shareholders.In 2019, the Fraser Institute stated that: \"Nevada is the best jurisdiction for investing in mining in the world.\" Hasbrouck is located in a safe, historic mining district with a community keen for a new mine. While all key permits for the open pit Three Hills Mine construction and operations were secured in 2016, the Company continues work on permitting the open pit Hasbrouck Mine. The permitting process for the Hasbrouck Mine is on track to obtain federal permits in Q4 2019. \"The Hasbrouck Project is one of only a handful of shovel-ready, high margin gold projects. The Hasbrouck Project is simple construction and the first phase can be commenced when the time is right,\" said Sandy McVey, West Kirkland's Chief Operating Officer. The Hasbrouck and Three Hills deposits are all-oxide with low stripping ratios, minimal pre-strip, and no adverse environmental or cultural factors. The resources and their metallurgy have been well-studied and analyzed. Good infrastructure exists nearby consisting of accommodations, grid electricity, paved highways and multiple water sources. For more information about the Company, its strategic plan and t...