West High Yield Resources (TSXV:WHY) has released its financial results, and management’s discussion and analysis (MD&A), for the nine months ended Sept. 30, 2016. The unaudited interim condensed financial statements and related MD&A for the nine months ended Sept. 30, 2016, have been filed with Canadian securities regulatory authorities on SEDAR.
British Columbia environmental assessment application and mine permit application
As required to meet and exceed regulatory requirements, the company has focused on extensive environmental baseline studies for its Record Ridge South properties and surroundings. These studies include water quality, fisheries, vegetation, soil and a comprehensive GIS (geographic information systems) terrestrial ecosystem mapping. In addition to these studies, the company will be fully consulting with community and first nations stakeholders. These studies, and the project description and environmental work planning, are being conducted by Greenwood Environmental and SRK Consulting (Canada), both of Vancouver, B.C.
Magnesium hydrometallurgical testing
Drinkard Metalox Inc. of Charlotte, N.C., continues its hydrometallurgical testing of the company’s magnesium ore to evaluate magnesium processing and recovery alternatives. Drinkard is now engaged in microplant-scale production simulation testing at its facilities to further evaluate the magnesium extraction processing to improve recovery, and reduce plant capital and operating costs. SRK Consulting (U.S.) Inc. of Lakewood, Colo., will review the results of Drinkard’s testing.
Year-to-date expenditures exceed $1-million, and the company continues to pursue additional financing for continuation of the above projects.