VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / February 14, 2025 / WEST MINING CORP. ("WEST" OR THE "COMPANY") (CSE:WEST)(OTC PINK:WESMF)(FRA:1HL) is pleased to announce that the ongoing compilation of multiple geological, geophysical and geochemical datasets has identified targets for further exploration in a planned summer field program at the Junker Copper-Gold-Silver Property in north-central British Columbia.
The field program will follow-up and expand upon targets identified from limited rock sampling in 2021 that yielded significant copper (Cu), gold (Au) and silver (Ag) results. A total of 10 rock/float samples returned highest copper values of 5.53, 2.29, 2.20 and 1.38% Cu, as well as 24.00, 5.12, 8.46 and 11.85 ppm Ag from the same samples. A high value of 0.85 ppm Au was returned from another sample from the same area. All of these mineralized samples are from the vicinity of the Junker mineral showing established in 2004 based on a grab sample carrying 1.08 ppm Au (BC MINFILE Number: 094E 299).
A recently completed multispectral satellite data analysis adds new targets for West Mining's 2025 field program. The multispectral analysis independently identified the Junker mineral showing based on Principal Component Analysis (PCA), and another 46 sites worthy of follow-up field inspection. Images from 3 multispectral satellites (Sentinel-2 MSI. Landsat-8, and ASTER), as well as radar from the ALOS PALSAR sensor to create a digital terrain model (DTM), were analyzed leading to the new PCA targets. The multispectral analysis was completed for West by Avant Exploration. As noted above, these multispectral targets independently identified the Junker mineral showing with its strong Cu, Au and Ag mineralization, as well as new locations to follow-up in the 2025 field program.
These new multispectral targets are being integrated with a recently completed detailed geophysical interpretation of the high-resolution heliborne magnetic survey completed by Precision Geosurveys for West in 2021. The most favourable targets will be followed up in the field for further sampling and evaluation.
Nader Vatanchi, West Mining's Chief Executive Officer, said "The recent work we have done is a positive step as it gives us new targets in addition to the previous work done in 2021. We look forward to our field program and continued progress on our Junker project."
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.
The Company also announces that it has issued an aggregate of 1,300,000 restricted share units (each, an "RSU"), with 300,000 RSUs being issued to an officer of the Company and the remaining 1,000,000 RSUs being issued to consultants for the Company. The RSUs vest immediately and, along with any common shares issued thereunder, are subject to a four month hold period in accordance with the policies of the Canadian Securities Exchange.
The issuance of RSUs to the officer of the Company is a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). The issuance is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the transaction does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.
For additional information, please refer to the Company's public disclosure record available on SEDAR+ at www.sedarplus.com.
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 pressrelease and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.
