West Kirkland plans to start the design of a preliminary open pit, permitting and a preliminary economic assessment for TUG. This work will be integrated into the Company’s regional exploration program planned for the Long Canyon Trend. At the 12 Mile showing, located approximately 10 kilometers (6 miles) to the west of the TUG deposit, there is a new discovery made by the Company of 1.73 g/t gold in oxidized material at surface. Drilling of the new discovery at 12 Mile and additional targets within the Long Canyon Trend will be a priority of the Company in the months ahead.
Regional exploration in the Long Canyon Trend by West Kirkland has identified numerous undrilled and at or near surface gold targets in the setting of the Long Canyon deposit itself. The Company has started road building and follow-up mapping for an initial exploration drilling program.
Background and Location
Straddling the Nevada/Utah border, the KB & TUG projects cover 73 km2 on the Long Canyon trend. Historic work on the two properties includes an extensive database of drilling, geochemical sampling and geophysical data. The target is a sediment hosted, Carlin-style gold deposits. The property features the same geological units and is on-trend from Newmont’s Long Canyon deposit. Geological controls associated with the known mineralization can be projected onto untested areas.
West Kirkland has the right to earn a 60% interest at TUG as part of a regional transaction completed in December 2010 with Fronteer Development (USA) Inc. (now a subsidiary of Newmont Mining Corporation). The TUG resource is primarily a near surface oxide resource that may be amenable to open pit mining and heap leach extraction for gold and silver. Approximately 34% of the tonnes of the resource, representing 44% of the AuEq ounces, are located within 40 meters of surface, providing potential for low stripping and mining costs as well as short project lead times.
Read the full report on the West Kirkland website. http://wkmining.com/projects/kbtug/index.php?mode=popup