Mr.
Blake Morgan reports
WESTERN STAR RESOURCES INC. CLOSES 100% ACQUISITION OF MOUNT ANDERSON PROPERTY YUKON AND ENGAGES BLACK SWAN COMMUNICATION SERVICES
Western Star Resources Inc. has closed the 100-per-cent acquisition of the Mount Anderson property in Yukon.
Blake Morgan, the CEO of Western Star
, stated "The 100% acquisition of the Mount Anderson Property is a huge accomplishment. With astonishing assay results from a grab sample collected in 2017
67.5 g/t
gold,
2,058
g/t
silver,
<span style="font-weight:bold; "10.0%
lead,
9.44%
zinc
and
9.84%
copper.
The
team
is
thrilled to
get
started
on
this
road
accessible
and
drill
ready
asset.
The
company
plans
to
have
more news regarding the property shortly".
The Mt Anderson Property consists of 163 contiguous quartz claims covering 30 km
2
approximately
60
km
south
of
Whitehorse.
The
Property
is
underlain
by
two
intrusive
bodies including the Early Jurassic Bennett Granite and the Early-mid Cretaceous Whitehorse Intrusive suite. The latter is referred to as the Mount Anderson Intrusion. Several roof pendants of Nisling Assemblage metasedimentary rocks (Snowcap Group), including quartzites
and
calcareous
meta-clastics,
outcrop
over
a
significant
area
of
the
NE
portion
of the Property.
Several
historical
prospects
be
identified
on
the
Property.
The Adanac Zone is a continuous galena vein ranging from 0.1 to 0.4m in width, within strongly
limonitic
and
moderately
azurite-bearing
granodioritic
host
rock.
Sample
results from a 15m by 0.9-metre pit averaged 62.2 g/t Au and 171.1 g/t Ag
The EPI Zone is a northeast-trending quartz-agate-fluoride epithermal vein roughly 1.0 metre in width within a 50-metre-long limonite and manganese-bearing shear zone.
The Ridge Zone is broad area of quartz-galena veining, returned up to 6.273 opt gold and 15.21 opt silver. Mineralized float was found in all trenches and anomalous values were returned from the soil sampling program.
The
Rob
Skarn
mineralization
consists
of
sulphide-rich
garnet
actinolite-calc-silicate skarn with up to 5% pyrite and pyrrhotite and trace chalcopyrite.
The e Fleming Zn-Pb-Cu-Ag-(Au) skarn mineralization occurs as lenticular zones comprised
of
pyrrhotite-chalcopyrite-
pyrite
galena
associated
with
massive
magnetite and specular hematite-in a gangue of quartz, calcite, epidote,
47
Target
Zone
with
three
mineralized
quartz
veins
in
shear
zone
30
long
and 5 metres wide
Terms of the Acquisition
Pursuant to the Agreement, the Company acquired the Mount Anderson Property through a 100% acquisition, the Company will issue an aggregate of 1,000,000 common shares in the capital of the Company (each, a "Common
Share") to the Vendors and grant a 1% NSR royalty in respect of commercial production from the Property.
The Company also announces that it has engaged Black Swan Solutions Inc. to provide digital media and capital markets communications services. Black Swan is a digital marketing firm that will assist with online communications and strategies with the goal of increasing awareness of the Company and its projects. The nature and platform of the promotional activity will be digital communications on social media platforms such as YouTube, Instagram, TikTok and Twitter. In consideration for these services Western Star has agreed to engage Black Swan for a period of six-month commencing October 9, 2023, in exchange for 500,000 shares.
Derrick
Strickland,
P.
Geo
(1000315),
a
shareholder,
and
a
"Qualified
Person"
for
the
purposes of National
Instrument 43-101
-
Standards
of Disclosure
for
Mineral
Projects, has
reviewed
and approved the scientific and technical information contained in this news release.
Additional Information
Additional information about the Company and the Transaction is available on SEDAR at
www.sedar.com
under the Company's profile. The summary of the Transaction set out above is qualified in its entirety by reference to the description of the Transaction in the Company's filing statement posted on SEDAR.
"Western Star Resources Inc. is a mineral exploration and development company. The company's objective is to increase shareholder value through the development of exploration properties using cost-effective exploration practices, acquiring further exploration properties, and seeking partnerships by either joint venture or sale with industry leaders. The company currently owns nine non-surveyed contiguous mineral claims totalling 2,797 hectares, which are located within the Revelstoke mining division of British Columbia. The Western Star property group is located approximately 50 kilometres southeast of Revelstoke, B.C., and roughly 10 kilometres north of the abandoned community of Camborne. Access to the Camborne area is via paved highway from either Revelstoke or Nakusp. Access to the property area is best via helicopter from Revelstoke or Nakusp."
We seek Safe Harbor.
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