12:55:05 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Western Star Resources Inc
Symbol WSR
Shares Issued 19,371,000
Close 2023-11-15 C$ 0.12
Market Cap C$ 2,324,520
Recent Sedar Documents

Western Star receives drill permits for Western Star

2023-11-15 14:58 ET - News Release

Mr. Blake Morgan reports

WESTERN STAR RESOURCES ANNOUNCES DRILLING PERMITS ON THE WESTERN STAR PROPERTY.

Western Star Resources Inc. has drill permits in place until July 5, 2026, for the Western Star property and has paid a $21,000 bond.

Western Star property:

  • Revelstoke mining district, British Columbia;
  • 2,700 hectares (ha) (27 square kilometres (km)) -- district scale;
  • 100 per cent owned and permitted -- CRD (carbonate replacement deposit), precious metals rich;
  • Over 6.2 km mineralized strike length;
  • Limited results to date, by surficial prospecting in well exposed areas;
  • 246.76 grams per tonne (g/t) silver (Ag), 1 to 50.1 per cent lead (Pb), 8.22 g/t gold (Au) and 3.68 per cent copper (Cu) -- high-grade samples.

Blake Morgan, chief executive officer of Western Star, states: "Drill permits are secured. With the recent announcement of $5-million institutional financing, the team here at Western Star are gearing up for multiple aggressive drill programs. We will continue to crunch the data and have some more news regarding these assets and drill targets coming shortly."

The Western Star property hosts 12 Minfile showings, namely Black Bear, Lardeau-Goldsmith, Hunter, Wide West, Goodenough, Kitsap, Banner, Daffodil, Royal, Morning Star, Lexington and Alma:

  • The Alma showing consists of intermittent occurrences of massive bands, streaks and lenses of galena-sphalerite in crosscutting quartz-carbonate veins within siderite alteration zones;
  • The Kitsap showing along the northwest-trending ridge; early prospectors/miners have pitted and drifted on the Kitsap showing. Limestone-hosting galena-sphalerite mineralization is encountered. Sericite alteration zone of phyllite is approximately four metres (m) to the west of contact with limestone and nearly 30 m wide on the eastern contact with limestone observed, nor anomalous vein hosted;
  • -The Lardeau-Goldsmith showing is reported to have high silver values; a 15-metre adit was driven in 1899. It is inferred that mineralization is similar to nearby showings, consisting of pyrite, galena and sphalerite;
  • At the Lexington showing, a 3.6-metre-wide quartz vein contains 1.5 metres of massive galena in the footwall, which assayed high silver values. Mineralization in a series of occurrences along strike to the southeast consists of intermittent lenses of galena-sphalerite in crosscutting fractures and quartz-carbonate veins within siderite or ankerite alteration zones;
  • The Morning Star contains numerous quartz and calcite stringers; is a vein 2.1 metres wide striking 310 to 320 degrees, dipping 62 to 75 degrees east. The vein has been traced by numerous open cuts and trenches. A crosscut adit was begun in 1914 to cut the vein at a vertical depth of nine m and reached 21 m length;
  • The Banner showing is 32-metre adit in 1900, with the object of cutting the vein at depth. Mineralization consists of intermittent lenses of galena-sphalerite in crosscutting fractures and quartz-carbonate veins within siderite or ankerite alteration zones;
  • The Black Bear showing consists of massive pyrite with minor galena-sphalerite in quartz gangue. Float in a boulder train is of siliceous pyritic dolomite with disseminated magnetite and traces of galena and sphalerite. In 1896, a shaft was sunk three m deep;
  • The mineralization at the Royal showing consists of galena in two parallel quartz veins. Mineralization in a series of occurrences along strike to the southeast consists of intermittent lenses of galena-sphalerite in crosscutting fractures and quartz-carbonate veins within siderite or ankerite alteration zones;
  • The mineralization at the Daffodil showing is similar to the Royal showing, where galena is in two parallel quartz veins; mineralization in a series of occurrences along strike to the southeast intermittent lenses of galena-sphalerite in crosscutting fractures and quartz-carbonate veins within siderite or ankerite alteration zones;
  • At the Goodenough showing, mineralization consists of galena-sphalerite-(chalcopyrite) in concordant to irregular quartz-chlorite veins in shears at the limestone-phyllite contact and in fractured and/or brecciated ankeritic limestone over a strike length of 160 m;
  • The Hunter-Trapper showing consists of intermittent disseminated to massive galena-sphalerite in a brecciated quartz-siderite-chlorite vein at the limestone contact with phyllite. A chip sample across a one-metre-wide quartz-siderite pod with massive to scattered sphalerite-galena analyzed greater than 102.8 g/t silver, 3.08 per cent lead and 4.38 per cent zinc (Zn);
  • The Wide West showing is massive to disseminated bands and stringers of galena, sphalerite and pyrite with minor chalcopyrite form pods in a series of 0.5 to three m in width stratabound lenses within limestone beds, typically forming at contacts with sericite altered phyllite.

Derrick Strickland, PGeo (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+ 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 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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