Western Metals Limited is pleased to announce that it has...

Western Metals Limited is pleased to announce that it has progressed its option to purchase 100% of the Snowbird polymetallic project in Canada from BHP Billiton. The decision follows a due diligence field investigation completed on the highly prospective region in the Northwest Territories. Additional work on the Wendy prospect adjacent to Snowbird also identified it as prospective for high grade gold mineralisation. This led to the staking of the five additional Wendy claims held 100% by Western Metals.
Rock chip sampling conducted during the field investigation confirmed tenor of mineralisation and delivered highly encouraging results including:
KB-1 Magmatic Copper-Nickel Target
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2.57% Cu, 0.12% Ni
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1.88% Cu, 0.12% Ni
KB-2 Gold-Silver / Base Metals Target
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31.2 g/t Au, 806 g/t Ag, 3.16% Cu, 10.55% Zn
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25.4 g/t Au, 769 g/t Ag, 2.23% Cu, 7.44% Zn, 4.22% Pb
Wendy Gold Target
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273 g/t (9.6 oz/t) Au, 28.5 g/t Ag
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9.97 g/t Au
The new Snowbird project area now consists of 21 claims within the Snowbird Tectonic Zone, located 625 km NW of the city of Thompson. The Snowbird Tectonic Zone is on the margin of an ancient continent that hosts the Thompson, Raglan and Voisey’s Bay nickel deposits as well as various gold and base metals mines. Several EM bedrock anomalies and the presence of elevated Cu, Ni, Ag, Zn and Au in exposed sulphide mineralisation have resulted in the definition of a number of drill-ready targets.
Western Metals’ Managing Director George Bauk expressed satisfaction with the high-grade sampling results from the project, noting that the progression of the BHP Billiton option along with the additional staking represents an opportunity to add successful polymetallic exploration to Western Metals’ portfolio in the near term.
Western Metals has the guaranteed right to purchase 100% interest in the Snowbird tenements by making a $US250,000 cash payment following the recently completed due diligence period. To complete the transaction Western Metals must now drill one hole to test anomaly KB-1, and choose to make a further cash payment of $US1,250,000 by 31 December 2009.