[Marinir] {Disarmed} WestStar (TSX-V: WER) Targets Drills on High-Grade Gold & Silver in Mexico
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Tue Feb 7 14:17:28 CET 2012
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WESTSTAR COMPLETES IP/RESISTIVITY SURVEY, PLANS DIAMOND DRILL PROGRM AT
LA PALOMA PROPERTY, JALISCO, MEXICO
WestStar Resources Corp. ( WER
http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=WER®ion=C&lookup=symbol&snapshot=default
: TSX-V) has completed the previously announced Induced
Polarization/Resistivity ("IP/Resistivity") survey and has begun
planning for the upcoming diamond drill program on its La Paloma
property (the "Property"). The Property is located approximately 70
kilometers west of the city of Guadalajara in the State of Jalisco,
Mexico.
The IP/Resistivity survey at the La Paloma property consisted of a total
of 5.8 line-kilometres (line-km) which were surveyed along a series of
seven lines targeting an 800 metre strike extent of the Main "Piedra
Bola" Vein structure. The IP survey represents the final stage in
WestStar's "Phase 1" exploration program that included property wide
geologic mapping, the collection of 194 rock grab and rock channel
samples, 656 soil samples and 174 stream sediment samples. In addition,
a total of 20.8 line-km of ground magnetic survey was completed ( click
on the link to view an exploration map of the work completed by
WestStar:
http://www.weststarresources.com/i/maps/LaPalomaExplorationMap.jpg
http://www.weststarresources.com/i/maps/LaPalomaExplorationMap.jpg
).
WestStar is currently selecting drill targets in preparation for a
2,000-metre diamond drill program. The drill program will target the
most prospective anomalies within the Main "Piedra Bola" Vein structure
as well as evaluating the potential of additional mineralized veins on
the Property.
Mitchell Adam, President, states, "We are xtremely encouraged with the
results of the Phase 1 exploration program and feel the work to date has
culminated in potentially high success drill targets for WestStar. Since
acquiring this past producing gold and silver property WestStar has
completed a series of work programs to focus our future drilling on the
Property."
About the Drill Targets at La Paloma
Main "Piedra Bola" Vein
Geological mapping within the La Paloma Property has defined a steeply
southwest dipping vein structure (Main "Pedra Bola" Vein) over a
1-kilometre strike length. Rock channel sampling across the Piedra Bola
Vein assayed up to 0.84 grams-per-tonne (g/t) gold, and 64 g/t silver
over 6 metres (Channel 2). Individual mineralized rock samples of
outcropping quartz veins returned assays of up to 7.81 g/t gold and 311
g/t silver (sample 11DMP135). The Piedra Bola Vein is coincident with a
broad 400 x 1,000 metre greater than 10 parts-per-billion (ppb) gold in
soil anomaly that encompasses the nearby Ridge Showing. Individual soil
samples within the Piedra Bola Vein soil anomaly have returned assays of
up to 3.69 g/t gold.
Ridge Showing
The Ridge showing mentioned above is situated about 300 metres to the
southwest of the Piedra Bola Vein. The Ridge Showing covers an area of
approximately 100 by 30 metres. This area hosts centimetre-scale
branching quartz veinlets and quartz vein breccias. The Ridge Showing is
coincident with a 300 x 300 metre, multi-line, greater than 10 ppb gold
in soil anomaly that extends over a 200 metre vertical elevation range.
Individual soil samples within the Ridge Showing anomaly have retuned
assays of up to 557 ppb gold.
East Vein
A second Eastern vein structure ("East Vein") located 195 metres to the
northeast of the Piedra Bola Vein has been traced for approximately 200
metres so far. The Company aspires to increase this strike length with
further work. Rock channel sampling of this highly altered northwest
trending topographic low lineament has returned assays of 8.6 g/t silver
over 4 metres (Channel 6).
About the La Paloma Property
WestStar has an option to earn 60% and up to 80% of the Property subject
to a 2% NSR. The Property lies at the very southern end of the Sierra
Madre Occidental physiographic province which is well known for gold and
silver mineralization and mining. The primary goal of WestStar will be
to work the Property and to define a compliant gold and silver resource
in the future.
History of the La Paloma Property
The Property was, at one time, owned by Penoles who relinquished it in
1980. In 1983 and 1984 the Consejo de Recursos Minerales ("CRM"), a
government agency, drained and entered the northern end of the main
tunnel of the Veta Ancha workings and sampled an exploration drift
approximately 100 metres from the 1928 planned mining to the northwest.
Based on this work CRM reported a "potential reserve" of 750,000 tonnes
grading 4.19 g/t Au and 123 g/t Ag from the CRM. This estimate must be
considered a historical resource and does not meet the National
Instrument 43-101 definitions for a resource or reserve as stated in
sections 1.2 and 1.3. There has been no opportunity to verify either the
grade or size of the reported "reserve" and therefore the estimate
cannot be considered to comply with NI 43-101. At this time, Snowden has
not completed sufficient work to classify the historical reserve
estimate as either a current mineral resource or mineral reserve. The
Company is not treating the historical estimate as a current mineral
resource or mineral reserve as defined in NI 43-101, and therefore the
historical estimate should not be relied upon.
Qualified Person
This technical content of this press release has been reviewed and
accepted by Thomas Clarke, Pr.Sci.Nat., and a Director of the Company.
Mr. Clarke is a Qualified Person under NI 43-101.
For further info on the Company please visit www.weststarresources.com
http://www.weststarresources.com
or email info at weststarresources.com
Telephone: 604-678-5308.
On Behalf of the Board
Mitchell Adam, President
WestStar Resources Corp.
For further information contact:
www.weststarresources.com
http://www.weststarresources.com
Tel: (604) 678-5308
Fax: (604) 678-5309
Toll Free: 1-855-678-5308
This news release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical facts, including the likelihood of commercial
mining and possible future financings are forward-looking statements.
Please refer to news release issued by the Company on August 17, 2011
for the Terms of the option agreement executed to earn an interest in La
Paloma. Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results
or developments may differ materially from those in the forward-looking
statements. Factors that could cause actual results to differ materially
from those in forward-looking statements include unsuccessful
exploration results, changes in metals prices, changes in the
availability of funding for mineral exploration, unanticipated changes
in key management personnel and general economic conditions. Mining is
an inherently risky business. Accordingly the actual events may differ
materially from those projected in the forward-looking statements. For
more information on the Company and the risks and challenges of its
business, investors should review the Company's annual filings that are
available at www.sedar.com
http://www.sedar.com
.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
--------------------------------------------------------------------------------
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