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Market: TSX-V
Sector: General Mining
Epic: WER
News: Latest news
Web Site: Weststar Resources Corp
Other Articles: 14-01-201018-12-200903-12-2009

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Monday March 15, 11:21Diamondcorp: a big cash injection and a lot of work to do

70% of the new money was raised from current shareholders, reflecting a hefty amount of faith in the management to deliver.

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Sunday March 14, 05:46China's growth boosting commodity prices

With chunky economic numbers from China boosting commodity prices we take a brief look at the country's position in different market places - while noting also that hopes for a recovery in global trade appear to be borne out by freight rates.

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Monday March 15, 09:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Weststar Resources Corp

Weststar Resources Corp

Weststar Resources Corp. (WER: TSX-V) is a mineral exploration company focused on discovering and advancing mineral properties by utilizing modern geological science to evaluate historical known discoveries. Weststar offers the potential for rapid corporate growth and asset appreciation. Weststar's portfolio is currently focused in Canada and is primarily invested in coal properties with known historical coal discoveries. The Company's Saskatchewan Tobin Lake 18 Meter coal property is currently the main focus of exploration activity.

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Friday, December 18, 2009

Weststar Resources identifies 2 anomalous gold zones at Yukon properties Golden Fox and McKinnon

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Exploration company Weststar Resources Corp  (TSX-V: WER) said reconnaissance and a preliminary soil sampling program conducted on both its Golden Fox and McKinnon properties in the Yukon has identified two zones with anomalous gold values.

The Golden Fox property has an area of 10.5 square kilometre and is adjacent to the eastern boundary of Underworld Resources Inc's White Gold property. Weststar carried out 11.5 line kilometres of soil samples/silts along three distinct drainage areas in the north, central and south parts of the claim area. A total of 135 soil/silt samples were collected along drainages at approximately 50 metre intervals.

Analytical results from silts from the Golden Fox property suggest an anomalous area covering 850 meters in length with elevated gold values to 30 parts per billion.

The McKinnon property, situated approximately 45 kilometres north of the White Gold property includes an area of 13.5 square kilometres. The company carried out a soil sampling program over 11.5 line kilometres, obtaining 168 soil samples at 50 metre intervals from two widely spaced parallel lines which traverse the claim area from North to South over a distance of approximately 5 kilometres. In addition, silts were collected along drainages in the northwest corner of the claim block.

An anomalous zone approximately 1,600 meters in length is demonstrated by samples with elevated gold values to 70 ppb and associated arsenic with up to 240 ppb.

In the next phase of work, Weststar will compile current and historical data over the winter months and mobilize a soil sampling crew at first melt. A 100 meter grid soil sampling program will concentrate on infilling between these new anomalies and will be combined with geological mapping and rock sampling to target follow up backhoe trenching.

The company also advised that it has closed its private placement announced on December 2 2009 for total gross proceeds of C$365,000. The money raised will be used for general working capital.

Weststar's portfolio is currently focused in Canada and holds coal, lithium, copper and gold properties.

Earlier this month, the group reported  favourable drilling results on the advanced stage porphyry copper Axe project in British Columbia and revealed it has acquired the adjoining Rita copper property in a deal worth C$15,000 and 2.5 million shares.

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