West High Yield Releases Financial Results

CALGARY, ALBERTA–(Marketwired – Nov. 29, 2016) – West High Yield Resources (TSXV:WHY) announces the release of its financial results and Management Discussion and Analysis (“MD&A”) for the nine months ended September 30, 2016. The unaudited interim condensed financial statements and related MD&A for the nine months ended September 30, 2016 have been filed with Canadian securities regulatory authorities on SEDAR at www.sedar.com.
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 South Ridge Properties and surroundings. These studies include Water Quality, Fisheries, Vegetation, Soil, and a comprehensive GIS 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 is being conducted by Greenwood Environmental and SRK Consulting (Canada) both of Vancouver, BC.
Magnesium Hydrometallurgical Testing
Drinkard Metalox, Inc. (“Drinkard”) of Charlotte, North Carolina continues its hydrometallurgical testing of the Company’s magnesium ore to evaluate magnesium processing and recovery alternatives. Drinkard is now engaged in micro-plant scale production simulation testing at their 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, Colorado 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.
Read the full press release.
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