February 4, 2022
West Mining Fully Executes Option Agreement for Blue Cove Copper Property, Newfoundland.
Vancouver, B.C. – February 4th, 2022 – West Mining Corp. (“West” or the “Company”) (CSE: WEST) (OTC: WESMF) is pleased to announce it has fully executed the Option Agreement previously announced as an LOI on Jan 25, 2022 with Dean Fraser (the “Optionor”). This transaction confirms West will has the right to earn a 100% undivided interest in Blue Cove Copper Property.
“The Company is extremely pleased to announce the Option Agreement has been fully executed, and want to take the opportunity the convey our excitement at closing the deal. We also thank Dean Fraser for his swift and attentive response, and we look forward to the upcoming 2022 field season.” Commented CEO of West Mining Corporation Nicholas Houghton.
The Blue Cove Copper Property is located at the head of Fortune Bay, in southeast Newfoundland and is host to significant copper occurrences in outcrop. Several new targets have been identified by prospecting over the past two years and copper mineralization can be found locally throughout the claims. The best assay obtained to date from grab samples at the Blue Cove Property returned values as high as 5.1% Cu, 33 g/t Ag and 0.27 g/t Au. Copper mineralization generally occurs in altered volcanic rocks and sediments on the Property with the primary copper minerals being chalcocite with more minor bornite and chalcopyrite. Widespread copper oxide is readily visible on many outcrops throughout the property.
The Property consists of 232 claims covering a 5,800 hectare area, striking 22 kilometres adjacent to the Terrenceville fault structure. Excellent infrastructure also exists in the area, including the nearby town of Terrenceville which hosts a deep sea port.
Under the Option Agreement West will be able to fully exercise the option by: paying an aggregate of $160,000 to the Optionor; issuing an aggregate of 1,700,000 common shares in the capital of the Company to the Optionor; and incurring an aggregate of $750,000 of exploration expenditures on the Property, as follows: