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

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

September 18, 2008 12:54 ET

West High Yield Releases Latest 2008 Drill Results

CALGARY, ALBERTA--(Marketwire - Sept. 18, 2008) -

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 the Company has now received the analysis from its 2008 Diamond Drill Program for 8 out of 38 holes drilled to date, which include locations RRS08-3 through RRS08-10 on the Company's Record Ridge South property. The assay results were provided by Assayer Canada of Vancouver, British Columbia. The Company anticipates receiving the results of the remaining 30 drill holes within the next few weeks and plans to complete up to 7 additional drill holes on this property to complete the necessary grid for a NI 43-101 compliant analysis of the property. In the course of its exploration activities on the Record Ridge South property, the Company continues to intersect broad zones of Ultramafic rock containing high magnesium mineralization. The chart below summarizes the results for the 8 drill holes on the Record Ridge South property received to date.



Record Ridge South

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DDH Depth Length Nickel Magnesium
RRS08 metres metres % %
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From To
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1.8 63.0 i 61.2 0.22 25.0
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3 79.4 109.0 29.6 0.22 25.0
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111.5 149.7 16.5 0.21 24.0
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4.6 36.0 i 31.4 0.24 27.0
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4 40.9 123.1 82.2 0.25 27.0
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0.6 22.3 i 21.7 0.24 26.4
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5 24.3 45.3 21.0 0.20 23.0
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6 1.2 54.8 i 53.6 0.22 25.6
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1.2 48.8 i 47.6 0.20 26.8
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7 50.9 67.1 16.2 0.19 20.4
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68.5 123.4 54.9 0.27 26.7
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1.5 12.5 i 11.0 0.19 24.0
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15.7 25.2 9.5 0.20 25.3
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8 31.4 96.3 64.9 0.20 24.0
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104.6 123.8 19.2 0.19 23.0
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1.2 4.9 i 3.7 0.19 22.0
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9 16.9 29.5 12.6 0.19 21.0
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35.9 73.6 37.7 0.19 22.0
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0.6 33.7 i 33.1 0.20 22.0
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36.4 59.4 23.0 0.14 18.0
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10 64.7 71.7 7.0 0.15 17.0
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80.9 126.8 45.9 0.21 24.0
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Disclaimers:
(1) The nickel values reported above include nickel in both sulphide and
non-sulphide minerals as total nickel. Sulfide nickel % has represented
as much as 50% of total nickel when this analysis has been performed on
other samples. At present, there is no known economic method to recover
nickel from silicate minerals, thus the reported values could be
confusing to investors who may interpret the above reported values as
total recoverable nickel.
(2) The property includes areas of moderate sub-volcanic and intrusive
interruptions into the serpentinites.
(3) Length metres with the "i" symbol is from the overburden contact to
the base of serpentinite intersection underlain (undercut).


The maps provided below outline the current progress of the 2008 drilling program, where on completion, the Company will have approximately 51 drill holes (6 drilled in 2007 and 45 drilled or proposed for 2008) with 50 meter spacing on its Record Ridge South property. The following is the 2008 Record Ridge South drill index map. (The dark grey rhombic shape is the 7.5 square kilometre discovery found by Kirk D. Hancock in 1982).

The maps can be viewed by clicking the link below: http://media3.marketwire.com/docs/918why.jpg

Golden Drip

It is anticipated that in the balance of the 2008 drilling season, weather permitting, the Company will continue to drill an additional 10 holes on its Golden Drip property. All of the Company's properties are contiguous and are located near Rossland, British Columbia.

Recoverability of Magnesium

At present, the Company is not certain if it can economically liberate magnesium from the source rocks that it has tested. The Company has provided core samples to both SGS Minerals Services ("SGS") in Lakefield, Ontario and Met-Solve Laboratories Inc. ("Met-Solve") in Burnaby, British Columbia to undergo a series of mineralogical tests to establish magnesium recoverability. When the tests have been completed, they will be reviewed by Kevin Scott, Principal Metalurgist with Scott Wilson Mining of Vancouver, British Columbia. The Company anticipates the final reports from these analyses in the next few months.

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 and magnesium properties.

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

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.

40,830,794 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.
    Dwayne Vinck
    Chief Financial Officer
    (403) 257-2637
    (403) 206-7159 (FAX)
    Email: vinck@shaw.ca
    or
    West High Yield (W.H.Y.) Resources Ltd.
    28 Arbour Lake Drive N.W.,
    Calgary, Alberta T3G 3N8