History
West Kirkland Mining was formed in 2010 to focus on gold exploration in North America. The company has consolidated significant mineral rights positions in Kirkland Lake Ontario, along the prolific Cadillac-Larder Lake Break and in the major mine trends in northeastern Nevada, including the Jerritt, Carlin, and Battle Mountain Trends, and the emerging Long Canyon Trend. Option agreements have been struck with Fronteer Gold (acquired by Newmont Mining) and Rubicon Minerals in Nevada and Queenston Mining in Ontario. These and other agreements bring West Kirkland's land position to over 1,100 km2 in Nevada along with 94 km2 in Ontario.
West Kirkland's management team has generated over $1 billion in shareholder value over the past 6 years through the founding of gold and other precious metals exploration companies. They have experience with numerous value-adding transactions from hostile takeovers to mergers and mine construction. Their track record includes the following:
West Timmins Mining (WTM:TSXV): takeover by Lakeshore Gold for $424 million November 2009
Mag Silver (MAG:TSX): emerging Mexican silver producer
Platinum Group Metals (PTM:TSX): emerging South African platinum producer
These successes have garnered the group much institutional support, which has been the basis of West Kirkland's capitalization. The company was formed by reverse takeover of a capital pool company in May 2009. A highly-oversubscribed $6 million, $0.50/share financing was done concurrently with the takeover. Shortly after, a second highly-oversubscribed $2.6 million, $1.20 financing was completed. The company's shares are over 20% held by management and over 50% held by institutions.
West Kirkland is a well-structured, well-financed gold explorer, with large and exciting land packages in two of the world's most friendly mining jurisdictions. With a $4 million 2011 exploration budget, and numerous advanced targets in both Ontario and Nevada, West Kirkland is poised for success. We always appreciate the opportunity to stay connected with our investors; please don't hesitate to call anytime with questions or to receive an update.
