Additional Information
Market: TSX-V
Sector: General Mining - Gold
EPIC: WER
Latest Price: C$0.45  (-10.00% Descending)
52-week High: C$1.30
52-week Low: C$0.25
Market Cap: C$10.41M
1 year chart
1 day chart
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Weststar Resources
www.weststarresources.com

Weststar Resources Corp. (WER: TSX-V) is a mineral exploration company focused on discovering and advancing mineral properties with known historical resources . By utilizing modern geological science to evaluate historical known discoveries and deposits, 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 and copper-gold properties. 

Pdf

Weststar Resources confirms Saskatchewan Coal in Drill Core

20th Mar 2009, 11:58 am Weststar Resources confirms Saskatchewan Coal in Drill Core

Development efforts continue at the Tobin Lake Coal Prospect, Saskatchewan, 100% owned by Canadian Venture and Frankfurt listed Weststar Resources (TSX.V: WER, Frankfurt: HN3). The company provided an update on the first phase of drilling which reconfirmed the historic coal intersection from the 1994 drilling.

Based on the comments by Company president, Mitchell Adam the drilling conditions and type of rig used do not appear to be ideal and the results may well not reflect the true potential of the Tobin Lake Coal Prospect. Drilling equipment complications have impeded the recovery of the coal zones, and the completion of appropriate geophysical logging. The thicknesses below are therefore based on partially completed holes. Needless to say, results from partly completed holes do hardly any justice to the project!

However, the reconfirmation of the historic coal intersection is an important development for Weststar. The similarity in depth of the two core holes bodes very well for the future drilling and extrapolation of a continuous coal seam within the Tobin Lake property. Adams confirmed the company’s plans to return with the second phase of drilling to further delineate the extent of the seams and potentially determine an indicated resource on the property.

To date, three locations each about 1 km apart, have been drill tested by 3 rotary holes and 2 core holes. The three locations, identified as Site A, Site B and Site C, contain appreciable quantities of coal, over a wide area. At Site A, the original coal discovery, a coal zone over 13.8 m was intersected in drill core. At Site B located 1 km to the south, a coal zone about 5.35 m was interpreted from geophysical logs, and core. At Site C located 0.7 km to the west of B, a coal zone about 7.90 m was interpreted from geophysical logs.

At Site A, historic drilling by Consolidated Pine Channel Gold Corp., intersected a coal zone, 18.84 m thick, 47.70 metres to 55.32 metres (7.62 metres): coal, massive and 55.32 metres to 66.54 metres (11.22 metres): coal breccia, from 20 to 60 per cent angular coal clasts, mixed with varying amounts of clay, silt and sand. At this stage, neither the rank nor the grade of the coal was determined.

At Site B, drill holes drilled on the same pad encountered similar drilling conditions, resulting in poor core recovery (49.7% recovery) obtained in the cored interval. At Site C, down-hole geophysics suggests a coal zone 7.90 meter thick, between 31.75 and 39.65 meters, with up to 3 seams. This has yet to be verified by core drilling.

The Company is confident that a well prepared drill contractor, with appropriate equipment, can obtain good core recoveries during the Phase II drill program. The 2009 exploration successfully demonstrated the presence of appreciable quantities of coal over a wide area near Tobin Lake. A regional exploration technique of airborne electromagnetic is planned for the entirety of the property in order to target further drill locations during the phase II drill programme, which is scheduled for summer months.  

According to Adams the similarity in depth of the two core holes bodes very well for the future drilling and extrapolation of a continuous coal seam within the Tobin Lake property. Drill results, even from partially completed holes, justify launching the second phase of drilling to further delineate the extent of the seams and potentially determine an indicated resource on the property.

About Weststar Resources Corp.

Weststar is a mineral exploration company focused on discovering and advancing mineral properties by utilizing modern geological science to evaluate historical known discoveries. Weststar's portfolio is currently focused in Canada and is primarily invested in coal properties with known historical coal discoveries. In addition to Tobin Lake, Weststar has two other properties, namely, Nunavut Coal property and Axe property.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.