West High Yield Resources (TSXV:WHY) is preparing a Preliminary Economic Assessment for its Record Ridge South Property in British Columbia. The Company also clarified its previous disclosures that concerned the mineral exploration programs, by retracting statements that were previously made in regards to the Record Ridge South Property.
As quoted in the press release:
The Company retracts this disclosure as it may be misleading and fails to consider operating costs, capital costs, smelter costs and other factors relating to the potential mining, extraction and recovery of metals. The Company also retracts economic analysis disclosure on its website (which has since been withdrawn by the Company) having previously posted a third party investment analyst’s report dated March 24, 2009 by Fundamental Research Corp. (“FRC Report”) containing the results of an economic analysis related to the Record Ridge South Property. The Company retracts the economic analysis in the FRC Report as it does not comply with NI 43-101.