Weststar Resources Corp.: Weststar Commences IP Survey & Receives Assays From Sampling Program at La Paloma, Mexico
17.01.2012 | Marketwire
VANCOUVER, Jan. 17, 2012) - Weststar Resources Corp. (TSX VENTURE: WER) (the "Company", "WestStar") has commenced an Induced Polarization/Resistivity ("IP/Resistivity") survey 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 Property is a past producing gold and silver mine with numerous drill targets identified. All the work completed by WestStar has confirmed the presence of gold and silver mineralization on the Property. The IP is the last step in making the Property drill ready to test the extent of the mineralized zones. The Induced Polarity ("IP") survey is being conducted by Discovery International Geophysics ("Discovery") based in Surrey, British Columbia.WestStar has also received assays for its soil sampling program which was completed in November, 2011 on behalf of the Company by APEX Geoscience Ltd. ("APEX"). APEX took a total of 686 soil samples during 2011 (click on the link to view an updated exploration map of the work completed by WestStar:
http://www.weststarresources.com/i/maps/LaPalomaExplorationMap.jpg).
The soil sampling program is another tool being used by the Company to focus the IP survey onto the primary gold and silver targets on the Property. A summary of the soil sampling program is shown in table 1. WestStar plans on using the sum of all work conducted to date to develop a drill program for the property. To date WestStar has completed a comprehensive work program on the property. This work was comprised of detailed geological mapping, property wide ground magnetic survey, stream sampling, soil sampling, rock sampling and now an IP survey.
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."
Table 1: Summary of gold & silver assays from the soil sampling program
Total samples Samples with
<10
ppb Gold Samples with
10-100
ppb Gold Samples with
100-1000
ppb Gold Samples with
>1000 ppb Gold Samples with
<0.5 g/t
Silver Samples with
0.5-1.0 g/t Silver Samples with
1-10 g/t Silver Samples with >10 g/t silver
656 490 137 26 3 500 90 58 8
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.
About the La Paloma Property
WestStar has an option to earn 60% and up to 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. 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.
Specifics of the IP Survey
WestStar plans to collect a total of 11 lines, or approximately 8.8 line kilometres, of IP/Resistivity data. The survey will proceed along north-south oriented survey lines spaced 100 metres apart, and will employing a Pole-Dipole array having a 25 metre electrode spacing and n=1 to 10 separation designed to provide high resolution of narrow vein targets and sufficient depth of penetration.
Specifics of the Soil Sampling Program
The soil samples were collected at 25 metre intervals along 100 metre spaced, north-south oriented grid lines. The results of geochemical sampling program define a broad 400 x 1,000 metre zone of greater than 10 parts-per-billion (ppb) anomalous gold in soil (Table 1, Figure 1). The anomaly trends northwest through the La Paloma Main Vein encompassing the recently discovered Ridge Showing (see WestStar news release: December 15, 2011). The La Paloma Main Vein trend returned the highest soil geochemical assay of 3.69 grams-per-tonne (g/t) gold, while the 300 x 300 metre, greater than 10 ppb gold in soil anomaly at the Ridge Showing returned assays of up to 0.56 g/t gold.
About Discovery
Discovery has been providing mineral exploration services to the mining industry on five continents since 1984. It is the goal of Discovery to provide full-service consulting to the minerals exploration and development industry. Their work focuses on program design, field collection of geochemical, geological and geophysical data, quality control and quality assurance procedures, supervision of programs, compilation, interpretation and reporting of results. Their work has included programs ranging from property examinations through to development drill programs.
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.
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.
Mitchell Adam, President
(604) 678-5308 or Toll Free: 1-855-678-5308
(604) 678-5309 (FAX)
www.weststarresources.com