WestStar Resources Corp. (TSX-V: WER) (the “Company”, “WestStar”) has received the first batch of assays for a rock sampling program recently completed 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 most prospective sample was an outcrop rock chip sample collected from a mineralized quartz vein hosted within silica and carbonate altered rhyolite tuff. This sample (sample 11DMP135) assayed 311 grams-per-tonne (“g/t”) silver and 7.81 g/t gold. Continuous rock channel sampling across this partially exposed zone of mineralization returned assays of 64.1 g/t silver and 0.84 g/t gold over a true width of 6.0 metres (sample Channel 2). These results outline the potential for the Property which is encouraging for the Company. Table 1 below outlines the distribution of gold and silver grades by sample type.
The first phase of work at the 160 hectare La Paloma Property is now complete. Work included detailed geologic mapping; in addition to a property wide ground magnetic survey, stream and soil geochemical sampling program. The rock samples disclosed in this news release were collected throughout the property. Numerous historic and artisanal surface pit and underground tunnel entrances from historical gold and silver mining were located and documented. Outcrop rock grab and channel samples were collected at a number of the tunnel entrances, however it was not possible to collect rock samples from within any of the underground workings.
WestStar has received gold and silver assays for 158 rock samples, 8 of which are quality control and quality assurance (“QA/QC”) field duplicate, blank and certified assay standard samples. The 150 non QA/QC samples comprise 71 outcrop rock grab, 32 outcrop channel, and 47 boulder or talus samples. Analytical results for an additional 48 rock samples collected by APEX Geoscience Ltd. (“APEX”) are still pending at this time. The Company also awaits assays for 174 stream samples and 686 soil samples.
Table 1: Summary of gold & silver assays from the rock sampling program
+——–+——-+——-+——-+——-+
| | |Samples|Samples|Samples|
|Sample | Total | with | with | with |
|Type |samples| <1 | 1-5 | 5-30 |
| |by type| g/t | g/t | g/t |
| | | Gold | Gold | Gold |
+——–+——-+——-+——-+——-+
|Outcrop | 86 | 73 | 10 | 3 |
+——–+——-+——-+——-+——-+
|Boulders| 39 | 36 | 2 | 1 |
+——–+——-+——-+——-+——-+
|Channel | 17 | 15 | 2 | 0 |
+——–+——-+——-+——-+——-+
|Talus | 6 | 6 | 0 | 0 |
+——–+——-+——-+——-+——-+
|Laterite| 2 | 2 | 0 | 0 |
+——–+——-+——-+——-+——-++——–+——-+——-+——-+——-+——-+
| | |Samples|Samples|Samples|Samples|
|Sample | Total | with | with | with | with |
|Type |samples| < 10 |10-50 |50-100 | > 100 |
| |by type| g/t | g/t | g/t | g/t |
| | |Silver |silver |silver |silver |
+——–+——-+——-+——-+——-+——-+
|Outcrop | 86 | 55 | 17 | 8 | 6 |
+——–+——-+——-+——-+——-+——-+
|Boulders| 39 | 27 | 7 | 2 | 3 |
+——–+——-+——-+——-+——-+——-+
|Channel | 17 | 11 | 4 | 2 | 0 |
+——–+——-+——-+——-+——-+——-+
|Talus | 6 | 6 | 0 | 0 | 0 |
+——–+——-+——-+——-+——-+——-+
|Laterite| 2 | 1 | 1 | 0 | 0 |
+——–+——-+——-+——-+——-+——-+
Mitchell Adam, President, states “WestStar is encouraged to start receiving assays for our rock sampling program on the La Paloma property. Once the final assays come in for the remainder of WestStar’s first phase of work and the IP survey is complete WestStar will select the drill targets with confidence.” About the Silver and Gold Targets at La Paloma
Geologic mapping within the La Paloma Property has defined a southeast striking, vertical to steeply southwest dipping vein structure (“Main Vein”) over a 1 kilometre strike length. A second Eastern vein structure (“Northeast Vein”) located 195 metres to the northeast of the Main Vein occurs over an approximately 200 metre strike length. A distance of 300 metres to the southwest of the Main Vein is a zone approximately 100 by 30 metres which hosts areas of centimetre-scale branching quartz veinlets and quartz vein breccias known as the Ridge Showing. All of the vein systems are hosted within, and appear to crosscut, a northeast trending sequence of felsic to intermediate volcanic host rocks and northeast trending valley parallel faults.
Of the 118 outcrops and boulder/talus rock grab samples collected, a total of 23 samples returned assays of greater than or equal to 50 g/t silver or 0.5 g/t gold (Table 2). Of the 23 samples, a total of 11 samples returned assays of greater than 1.0 g/t gold, and a total of 8 samples returned assays of greater than 100 g/t silver. A total of 6 channel samples tested the Main and Northeast veins intermittently along strike. Summary results of the channel sampling program are presented in Table 3 below.
Table 2: Summary of outcrop, boulder and talus rock grab gold & silver assays
+———-+—————+———-+———-+———-+
| Sample | Vein System | Material | Au (g/t) | Ag (g/t) |
+———-+—————+———-+———-+———-+
| 11ADP103 | Main | outcrop | 6.78 | 198 |
+———-+—————+———-+———-+———-+
| 11DMP135 | Main | outcrop | 7.81 | 311 |
+———-+—————+———-+———-+———-+
| 11DMP137 | Main | outcrop | 0.50 | 63 |
+———-+—————+———-+———-+———-+
| 11DMP139 | Main | outcrop | 0.79 | 64 |
+———-+—————+———-+———-+———-+
| 11DMP142 | Main | boulder | 0.12 | 172 |
+———-+—————+———-+———-+———-+
| 11DMP144 | Main | outcrop | 2.62 | 91 |
+———-+—————+———-+———-+———-+
| 11DMP147 | Main | boulder | 0.84 | 25 |
+———-+—————+———-+———-+———-+
| 11DMP155 | Main | outcrop | 3.20 | 48 |
+———-+—————+———-+———-+———-+
| 11DMP163 | Ridge Showing | outcrop | 1.22 | 12 |
+———-+—————+———-+———-+———-+
| 11DMP169 | Unknown | boulder | 0.82 | 8.5 |
+———-+—————+———-+———-+———-+
| 11DMP172 | Unknown | boulder | 0.06 | 51 |
+———-+—————+———-+———-+———-+
| 11DMP173 | Unknown | boulder | 2.13 | 199 |
+———-+—————+———-+———-+———-+
| 11DMP174 | Unknown | boulder | 0.14 | 88 |
+———-+—————+———-+———-+———-+
| 11DMP175 | Main | outcrop | 3.48 | 273 |
+———-+—————+———-+———-+———-+
| 11DMP176 | Main | outcrop | 2.64 | 266 |
+———-+—————+———-+———-+———-+
| 11DMP182 | Unknown | boulder | 0.99 | 3.4 |
+———-+—————+———-+———-+———-+
| 11KRP310 | Main | outcrop | 1.53 | 111 |
+———-+—————+———-+———-+———-+
| 11KRP311 | Main | outcrop | 0.59 | 70 |
+———-+—————+———-+———-+———-+
| 11KRP313 | Main | outcrop | 0.96 | 50 |
+———-+—————+———-+———-+———-+
| 11KRP320 | Main | outcrop | 3.58 | 37 |
+———-+—————+———-+———-+———-+
| 11KRP327 | Main | outcrop | 0.66 | 22 |
+———-+—————+———-+———-+———-+
| 11KRP329 | Main | outcrop | 6.45 | 105 |
+———-+—————+———-+———-+———-+
| 11KRP330 | Main | outcrop | 0.51 | 22 |
+———-+—————+———-+———-+———-+
Sampling was focused on outlining new areas as well as gaining a greater understanding of the areas of historical mining. WestStar is encouraged to have outlined a series of drill targets from this sampling program. The upcoming Induced Polarity (“IP”) survey will allow the company to drill these targets with greater confidence. Targets include the Northeastern Vein which is situated approximately 195 metres to the northeast of the Main Vein. All of this information gives the Company a greater understanding of the geology and potential of the Property. WestStar will use these rock samples to further focus in on drill targets.
Table 3: Summary of channel sample length weighted average gold & silver assays
+———+————–+————-+————+——–+——–+
| Vein |Channel Number|Location (m*)|Interval (m)|Au (g/t)|Ag (g/t)|
+———+————–+————-+————+——–+——–+
| | Channel 1 | 0 | 5.5 metres | 0.27 | 39.3 |
| +————–+————-+————+——–+——–+
| | Channel 2 | 100 | 6.0 metres | 0.84 | 64.1 |
| +————–+————-+————+——–+——–+
| | Channel 3 | 300 | 2.0 metres | 1.16 | 16.5 |
| Main +————–+————-+————+——–+——–+
| | Channel 4 | 530 | 4.0 metres | 1.01 | 9.33 |
| +————–+————-+————+——–+——–+
| | Including | 1.0 metre | 2.53 | 28.5 |
| +————–+————-+————+——–+——–+
| | Channel 5 | 560 | 1.0 metre | 2.89 | 44.0 |
| +————–+————-+————+——–+——–+
|Northeast| Channel 6 | n/a | 4.0 metres | 0.03 | 8.65 |
+———+————–+————-+————+——–+——–+
*distance in metres along strike of Main Vein measured from Channel 1
About the La Paloma Property
WestStar has an option to earn 60% and later 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. WestStar decided to conduct the IP survey due to a successful first phase work program that was completed by APEX Geoscience Ltd. (“APEX”) as recommended by Snowden Industry Mining Consultants Ltd. (“Snowden”). The IP survey will cover all the primary known mineralized structures on the property including all areas withHistorical Non 43-101 Compliant gold and silver resources. 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 or email[email protected] Telephone: 604-678-5308.
On Behalf of the Board
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#1571561]
Contact Information
For further information contact:
Mitchell Adam
President
WestStar Resources Corp.
Tel: (604) 678-5308
Fax: (604) 678-5309
Toll Free: 1-855-678-5308
www.weststarresources.com
