Weststar Resources Notes Recent Drill Results on the Albany Graphite Deposit, Contiguous to Weststar Claims, Porcupine District, Ontario
September 05, 2013 (Source: Marketwire) — Weststar Resources Corp. (TSX VENTURE:WER) (the “Company” or “Weststar”) announced today that drilling by Zenyatta Ventures Ltd. (“Zenyatta”) – contiguous to the Company’s “Albany South East” Property – resulted in the confirmation of a second large graphite breccia body. Aubrey Eveleigh, President of Zenyatta, commented: “The West pipe appears to be larger in diameter than the East pipe and closely reflects the circular conductivity anomaly defined by a ground EM (electromagnetic) survey. Drilling to date on the West pipe has not yet identified the western limit of mineralization.” (See Zenyatta press release September 4, 2013).
Weststar previously disclosed (see press release July 22, 2013) that airborne data has outlined a magnetic depression (low) on Weststar’s ground, similar to the magnetic depression identified in the same survey over Zenyatta’s ground. (see website for map locations)
“Results from Zenyatta continue to add to the strong possibility that the adjacent Zenyatta magnetic anomalies may very well extend onto Weststar’s property,” said Will Rascan, President of Weststar. “We believe the property warrants further exploration and the Company continues to progress with plans to initiate first-phase exploration.”
Weststar announced on July 16, 2013 that it has acquired 100-per-cent interest in 19 mineral claims, covering approximately 304 hectares, located within the Porcupine district of Central Ontario, contiguous to the southeast side of Zenyatta’s Albany (vein-type) graphite deposit discovery. Weststar previously disclosed that, upon review of Geological Survey of Canada and Ontario Department of Mines aeromagnetic airborne data, a geophysical magnetic low anomaly is evident on Weststar’s recently acquired Albany South East hydrothermal graphite property in Ontario.
About Weststar Resources
Weststar Resources is committed to evaluating, securing and advancing Canadian mineral properties. Weststar’s current portfolio of properties include its “Albany South East” Property, contiguous to the southeast side of Zenyatta Ventures’ Albany Graphite Deposit Discovery, its advanced stage “Axe” Porphyry Copper-Gold Project, 20 kilometers north of Princeton, BC – where an option was recently signed with Copper Mountain Mining, a Letter of Intent with Cartier Resources to acquire up to 80% interest in the “Diego” Quebec Property, approximately 20 kilometres west of TomaGold’s Monster Lake Project and its “Tahts Reach” Property, adjacent to Gold Reach’s Ootsa Property.
Get our daily investorintel update
On Behalf of the Board
Will Rascan, President
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 release includes certain statements that may be deemed to be “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management 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. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>