WestStar Resources Corp.: Phase One Exploration Underway at La Paloma
25.10.2011 | Marketwired
![WestStar Resources Corp.: Phase One Exploration Underway at La Paloma](https://www.goldseiten.de/media/goldseiten-news.jpg)
The work program consists of geological mapping, ground based magnetic and induced-polarization ('IP') geophysics as well as rock, soil and stream sampling. Geological mapping has revealed a number of areas immediately to the north and south of main mine adits where the vein zone has been historically exposed in open cuts. These targets are being channel and chip sampled. It is hoped these outcrops will provide WestStar with true widths of the vein zone. Field crews have also mapped and sampled historical workings without any evidence of previous sampling.
Work also includes a full compilation of the historical mine plans and acquisition of high resolution satellite imagery to aid in the production of a digital elevation model (DEM). At the end of this work program the Company will have a 3D model developed to integrate the old mine workings, geophysical surveys, sampling as well as the results of a thorough geological mapping campaign. This 3D model will guide the Company in next phase of work, a 3,000 metre diamond drilling program.
The Property concessions are located approximately 70 kilometers west of the city of Guadalajara in the State of Jalisco, Mexico and comprise 160 hectares. The Property lies at the very southern end of the Sierra Madre Occidental physiographic province.
History of the La Paloma Property
A preliminary engineering assessment of underground tunnel stability will be completed concurrently with the surface exploration. 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 sampledan 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 100people 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.
For further info on the Company please visit www.weststarresources.com or email info@weststarresources.com Telephone: 604-678-5308.
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.
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Weststar Resources Corp. via Thomson Reuters ONE
HUG#1557499
For further information contact:
Weststar Resources Corp.
www.weststarresources.com
Tel: (604) 678-5308
Fax: (604) 678-5309
Toll Free: 1-855-678-5308