Rubicon Option Update
West Kirkland recently negotiated a change of option agreement terms within its option agreement with Rubicon Minerals Corporation dated June 23, 2011. The work commitments required under the agreement will now be completed at the end of each calendar year. This provides West Kirkland the ability to use the full summer exploration season and to schedule exploration work on the property in a more cost effective manner.
Grant of Options
West Kirkland also announces that its Board of Directors has approved the issuance of 500,000 stock options to the Company's newly appointed COO, Sandy McVey. The options have a five year term and were issued after market close on March 6, 2013, with an exercise price of $0.22 based on that day's closing price. The stock options were granted pursuant to West Kirkland's stock option plan.
Qualified Person
Michael G. Allen, P.Geo, Vice President of Exploration for West Kirkland, and a non-independent qualified person as defined by NI 43-101, has reviewed and approved the technical information in this news release.
About West Kirkland Mining
West Kirkland Mining was formed in 2010 to focus on gold exploration along major trends in North America. The Company has consolidated significant mineral rights holdings within the gold trends of Nevada/Utah and in the Kirkland Lake area of Ontario--two of North America's premier gold jurisdictions. The founders and Board of West Kirkland Mining have successful gold discovery, development and mine operations experience in both Nevada and Canada over the past 40 years.
For further information, please see the Company's website at www.wkmining.com.
Disclaimer for Forward-Looking Information
This press release contains forward-looking information or forward looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Such information includes, without limitation, information regarding proposed exploration activities. Although the Company believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors, including, but not limited to, the state of the financial markets for the Company's equity securities, the state of the market for gold or other minerals that may be produced generally, recent market volatility; variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's ability to obtain any necessary permits, consents or authorizations required for its activities, to raise the necessary capital or to be fully able to implement its business strategies and other risks associated with the exploration and development of mineral properties. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.
Neither the 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.
Contacts:
West Kirkland Mining Inc.
R. Michael Jones
(604) 685-8311
West Kirkland Mining Inc.
Michael Allen
(604) 685-8311
West Kirkland Mining Inc.
Knox Henderson
(604) 685-8311
(604) 484-4710 (FAX)
[email protected]
www.wkmining.com
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West Kirkland Continues Drilling on Targets in Long Canyon Trend, Nevada and Utah
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