West High Yield (W.H.Y.) Resources Ltd.
TSX VENTURE : WHY

West High Yield (W.H.Y.) Resources Ltd.

December 18, 2007 08:30 ET

West High Yield Continues to Average High Magnesium Content

CALGARY, ALBERTA--(Marketwire - Dec. 18, 2007) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO US PERSONS.

West High Yield (W.H.Y.) Resources Ltd. ("West High Yield" or the "Company") (TSX VENTURE:WHY) announces that it has completed its 2007 Diamond Drill Program. In the 2007 program, the Company completed 30 NQ diamond drill holes totalling 6,012 meters on its Ivanhoe Ridge property and 1 NQ diamond drill hole (267 meters) was drilled on its Golden Drip Claim prior to closing down field activities for winter on November 20, 2007. The Company previously announced the results of drill holes 1 through 5 of which drill holes 1 through 4 were drilled on the Company's Ivanhoe Ridge located near Rossland, British Columbia. In a previous press release the Company advised that it had intersected broad zones of ultramafic rock containing magnesium, nickel, cobalt and magnetite mineralization with an average of 25.3% magnesium and .2164 % nickel in the first 4 drill holes.

The Company has now received the analysis for drill holes 6, 7, 8 and 14 out of the 31 drilled holes. Drill holes 6, 7, 8, and 14 were drilled on the Company's Ivanhoe Ridge property and the assay results were provided by Assayer Canada of Vancouver, British Columbia. The Company has also submitted cores for 22 additional drill holes completed in the 2007 drill program to Assayer Canada. The Company anticipates receiving the results of the remaining drill holes in the next couple of months. In the course of its exploration activities on the Ivanhoe Ridge property, the Company continues to see results which are consistent with the first 4 drill holes drilled on the Ivanhoe Ridge property which include broad zones of ultramafic rock containing magnesium, nickel, cobalt and magnetite mineralization. The chart below summarizes the results for drill holes 6, 7, 8 and 14.



----------------------------------------------------------------------------
Depth
meters
DDH Hole ------------- Length Nickel Cobalt Chromium Magnetite Magnesium
IV07- Angle From To metres % ppm % % %
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0 16.38 16.38 .1892 109 0.30 6.4 23.0
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39.84 93.9 54.06 .1823 104 0.26 5.2 22.2
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6 -90 127.0 185.82 58.82 .1965 112 0.28 4.6 25.0
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degrees 194.21 251.32 57.11 .2270 127 0.29 4.9 33.0
----------------------------------------------------------------
252.82 274.99 22.17 .2170 122 0.29 4.6 23.5
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280.77 310.72 29.95 .2212 126 0.29 4.3 24.5
----------------------------------------------------------------------------
2.74 12.06 9.32 .1564 98 0.20 3.7 19.5
----------------------------------------------------------------
7 -90 19.07 47.5 28.43 .2019 132 0.25 4.3 18.1
----------------------------------------------------------------
degrees 52.77 76.88 24.11 .1653 98 0.25 4.8 19.9
----------------------------------------------------------------
112.2 153.01 40.81 .2062 115 0.26 5.8 26.0
----------------------------------------------------------------------------
8 -60
degrees 3.05 12.5 9.45 .1565 95 0.22 3.9 19.1
----------------------------------------------------------------------------
14 -90
degrees 2.13 152.39 150.26 .2311 116 0.3 4.83 26.2
----------------------------------------------------------------------------
Disclaimer: The nickel values reported above include nickel in both sulphide
and non-sulphide minerals as total nickel.


The Company's field activities are supervised and the technical data for this report was prepared by H. Kim, P.Geo/P.Eng (Practicing) and the Company's on-site Geologist.

About West High Yield

West High Yield is a publicly traded junior mining exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada with a primary objective to locate and develop economic gold, nickel, magnesium, cobalt and magnetite properties.

READER ADVISORY

This news release may contain certain forward-looking statements, including management's assessment of future plans and operations, and capital expenditures and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Such risks and uncertainties include, without limitation, risks associated with mining exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other explorers and producers, inability to retain drilling rigs and other services, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada, the United States and overseas, industry conditions, changes in laws and regulations (including the adoption of new environmental laws and regulations) and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, stock market volatility and market valuations of companies with respect to announced transactions and the final valuations thereof, and obtaining required approvals of regulatory authorities. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

40,820,794 Common Shares Issued

The TSXV has neither approved nor disapproved the contents of this news release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • West High Yield (W.H.Y.) Resources Ltd.
    Frank Marasco
    President and Chief Executive Officer
    (403) 660-3488
    (403) 206-7159 (FAX)
    Email: frank@whyresources.com
    or
    West High Yield (W.H.Y.) Resources Ltd.
    28 Arbour Lake Drive N.W.,
    Calgary, Alberta T3G 3N8
    or
    West High Yield (W.H.Y.) Resources Ltd.
    Craig G. Robson
    Vice President, Corporate Development
    (778) 886-7961
    (604) 274-1431 (FAX)
    Email: cgrobson@shaw.ca or craig@urg.ca
    or
    West High Yield (W.H.Y.) Resources Ltd.
    Suite 520, 700 West Pender Street
    Vancouver, B.C. V6C 1G8