West Mining Announces Uplisting to OTCQB Venture Market Press Release | 03/30/2021 Not for distribution to United States newswire services or for dissemination in the United States.
VANCOUVER, British Columbia, March 30, 2021 (GLOBE NEWSWIRE) -- WEST MINING CORP. (“West” or the “Company”) (CSE: WEST) (OTC: WESMF) (FRA: 1HL) is pleased to announce that its common stock was approved for quotation on the OTC Markets Group, Inc.’s OTCQB® tier Venture Market (the “OTCQB”) under the symbol “WESMF” effective as of the open of trading on 23rd March 2021.
"Trading on the OTCQB is an important milestone and will provide greater transparency to existing and prospective shareholders which in combination with DTC Eligibility which was received recently will grow West’s exposure to a much broader investing community as we continue to develop our portfolio of World Class Exploration and development stage precious metals assets," stated Nicholas Houghton, President and CEO, West Mining Corp.
The OTCQB is a venture market operated by the OTC Markets Group, Inc. and is designed for developing companies in the U.S. and abroad. To be eligible for quotation on the OTCQB, companies must be current in their reporting and undergo an annual verification and management certification process. Companies must also meet a minimum bid price test and other financial conditions. The OTCQB is recognized by the Securities and Exchange Commission as an established public market and provides current public information to investors that need to analyze, value, and trade securities.
The Company would also like to announce that the updated Resource Estimates for the Kena Gold and Copper Project are nearing finalization and will be delivered to the Company imminently. Though minor delays were experienced due to larger than normal workloads for assays, these have now been completed and all information compiled.
About West Mining Corp.
West Mining Corp. is a mineral exploration company with a portfolio highly prospective projects in world class mining camps. Our flagship “Kena” Copper Gold Project has an extensive exploration history, over 37 kilometers of drilling, 20 years of modern exploration and remains open in all directions and at depth. West’s other projects are situated in close proximity to recent gold discoveries in British Columbia and New Brunswick.
WEST MINING CORP. (“WEST”) is a mineral exploration company focused on acquiring and exploring advanced and prospective early-stage projects.
West is focused on its Kena gold and copper project in the Nelson Mining Division of south eastern British Columbia, its Spanish Mountain West and Junker gold projects located in northern British Columbia and its Kagoot cobalt project near Bathhurst, New Brunswick.
The company’s flagship Kena Project has a historical resource of 208,000 ounces gold in 6,000,000 tonnes @ 1.08 g/T Au (measured plus indicated) + 272,000 ounces gold in 8,700,000 tonnes @ 0.97 g/T Au (inferred), using a cut-off grade of 0.70 g/t Au*.
Kena & Daylight Highlights firstname.lastname@example.org | www.westmining.corp.com • Recently consolidated into one large land package • District scale large trend extending 18 kilometers of strike-length and open to the northwest, southeast and down-dip • Advanced Kena project with bulk tonnage resource of just under 2 million historical ounces of gold under 43-101 and amenable to leaching • The Daylight project has four historical high-grade mines over a 3.5km trend. The company’s focus will be on four large gold-bearing targets • 156 drill holes totalling over 37,000m of drilling Bonanza Grade intercepts • Between 48.77-50.00 meters an intercept of 1.23 meter of 240.07 grams Au • Between 204-206 meters an intercept of 2.00 meters of 172.10 grams of Au • Between 53.89-54.89 meter an intercept of 1.00 meter of 50.80 grams Au
*Historic resource contained in amended Technical Report authored by Gary H. Giroux, P. Eng. Of Giroux Consultants Ltd. and Vivian Park, P. Geo., of VPG Geosciences for Prize Mining Corp., prepared in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects (“NI 43-101”) with historical resource estimates calculated (prior to the Company’s interest in the Property) using CIM categories and filed on SEDAR on June 7, 2017. The Company and its Qualifying Person have not done sufficient work on the Property to classify any of the historical estimates as current resources and is not treating any historical estimate as current. However, the company has found no reason to believe the information contained in the Technical Report is inaccurate or misleading. The Company intends to file a new Technical Report on the Property within 120 days.