WestStar Completes the First Phase Exploration Program on the La Paloma Property, Mexico
16.11.2011 | Marketwired
![WestStar Completes the First Phase Exploration Program on the La Paloma Property, Mexico](https://www.goldseiten.de/media/goldseiten-news.jpg)
The focus of this first phase of exploration was to both verify the historical information and define drill targets for the second phase of work on the Property. The Company is pleased to announce this first phase of work on the Property was a success on both fronts. Assays are pending but the mineralized structures were clearly seen, sampled and mapped. Assays will provide the final information needed to refine and plan the upcoming drill program. The Company plans on drilling the structures hosting historical non NI 43-101 compliant gold and silver resources as well as expanding these structures along strike and depth. The mineralized structure appears to strike for approximately 1,300 metres and run through three (3) mountains on the Property. Drilling and additional work will be conducted to prove the full strike length of the mineralized zones. The goal of the entire program is to define the first ever NI 43-101 compliant gold and silver resource for the Property.
Of great interest to the Company is the presence of a second parallel zone and drill target of which there are no reports documenting historical mining. This second parallel zone ('Eastern Structure') is located approximately 195 metres northeast of the primary zone ('Primary Structure'). The Primary Structure was mined until a workers' strike led to cessation of mining in 1928. The Company plans to examine the relationship between the Primary and Eastern Structures. The Eastern Structure has been named adit number three (3) on the northern side of the valley and adit number four (4) on the southern side. Both adits three (3) and four (4) line up across the valley and combine to form the Eastern Structure.
Mitchell Adam, President, states 'WestStar is pleased the first phase of work has identified numerous drill targets on the La Paloma property. A bonus was recognizing a second parallel zone to integrate into our upcoming drill program on the Property.'
A local Mexican company, Minera Sierra de Oro ('Minera') has sampled the Eastern Structure for gold and silver. This non NI 43-101 compliant sampling of the Eastern Structure by the Minera revealed gold grades ranging from 0.20 to 12.0 g/t gold and 10.0 to 321.0 g/t silver. Recent sampling by APEX includes all mineralized trends and historical workings on the Property. The Company plans on using all sample data and the magnetic survey to guide future exploration on the Property, including diamond drilling the mineralized structures.
All of the first phase of work was completed by APEX Geoscience Ltd. ('APEX') as recommended by Snowden Industry Mining Consultants Ltd. ('Snowden'). The work program consisted of geological mapping, reading 16.0 line kilometres of ground-based magnetics and a collection of 1028 samples from the Property. These 1028 samples are made up of 193 rock chip samples, 660 soil samples and 175 stream samples. All samples will be integrated into the 3D model for the Property.
The Company is submitting all of the samples to ALS Laboratories ('ALS') in Guadalajara, Mexico for sample preparation. Once the sample preparation is completed all samples will be sent to Canada to be analyzed for gold and silver.
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.
About APEX Geoscience
APEX is a privately owned geological consulting company based in Edmonton, Alberta, Canada, and has been in business for approximately 20 years. APEX currently has offices in Edmonton, Alberta, Vancouver, British Columbia and Perth, Western Australia. APEX currently employs approximately 50 geologists, technologists and support staff on a full-time basis and employs up to 100 people on a seasonal basis. APEX and its senior geological staff have extensive experience conducting and managing exploration ranging from reconnaissance stage to 30,000 m feasibility stage diamond drilling programs in isolated conditions throughout North America, Australia, Africa, Asia, South and Central America.
Qualified Person
This technical content of this press release has been reviewed and accepted by Thomas Clarke, Pr.Sci.Nat., a Director of the Company. Mr. Clarke is a Qualified Person under NI 43-101.
On Behalf of the Board
Mitchell Adam, President
WestStar Resources Corp.
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.
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.
Contacts:
Weststar Resources Corp.
(604) 678-5308
Toll Free: 1-855-678-5308
(604) 678-5309 (FAX)
info@weststarresources.com
www.weststarresources.com