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Re: News Release - Monday, August 17, 2009
WestStar Acquires Lithium Projects
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Vancouver, BC - August 17, 2009: WestStar Resources Corp. (TSX-V:
WER Frankfurt: HN3) (the "Company") is pleased to that it has
acquired two lithium brine projects, located within west-central,
Alberta. The Silver Creek Property is located about 30 km south to
southeast of Fox Creek, Alberta, and encompasses approximately 22,500
acres; while the Simonette Property is located about 60 km due west of
Fox Creek, and encompasses about 45,500 acres. Both projects encompass
known occurrences of Lithium within formation waters. Neither property
has been the subject of a National Instrument 43-101 report.
Within the region, oil and gas pools and related formation water
brines, occur within the Devonian aged Woodbend (Leduc) and Beaverhill
Lake groups. At these locations, the carbonate reef complexes occur at
depths of 2600 to 3500 m below surface. At the Silver Creek Property,
historic samples of formation water collected from the Leduc Formation,
returned 130 mg/l Lithium. At the Simonette Property, historic samples
of formation water collected from the Leduc Formation, returned 140
mg/l Lithium.
The company will initiate the review of all historic oil and gas well,
and geologic data from the property(s), including 130,000 analyses of
formation waters searched by the Alberta Research Council for the
province; in preparation for the sampling and analysis of formation
waters. Following collection of the appropriate data, the company
intends to seek completion of an up to date NI 43-101 report on the
projects.
The Silver Creek and Simonette Properties have been acquired from arms
length Vendors. Acquisition costs are a total of $25,000 and 1,000,000
shares payable on Exchange approval. The property is subject to a 2%
NSR, of which one half (1%) may be purchased back for $2,000,000.
The technical information in this news release has been prepared in
accordance with the Canadian regulatory requirements set out in
National Instrument 43-101 and reviewed on behalf of the company by
Jody Dahrouge, PGeol, of Dahrouge Geological, a qualified person.
On Behalf of the Board,
Mitchell Adam, President
Weststar Resources Corp.
About the Company: 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. For further info on the Company please
visit www.weststarresources.com or email info@weststarresources.com
Telephone: 604-669-9330.
"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."
WARNING: The Company relies on litigation protection for "forward
looking" statements. Actual results could differ materially from those
described in the news release as a result of numerous factors, some of
which are outside the control of the Company.
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Copyright (c) 2009 WESTSTAR RESOURCES CORP. (WER) All rights reserved.
For more information visit our website at
http://www.weststarresources.com/ or send
mailto:info@weststarresources.com
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Weststar Resources Corp.
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EXPLORATEUR |
CODE : WER.V |
ISIN : CA9615363079 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Weststar Res. est une société d’exploration minière de cuivre et d'uranium basée au Canada. Weststar Res. détient divers projets d'exploration au Canada et au Mexique. Ses principaux projets en exploration sont TOBIN LAKE, NUNAVUT COAL PROPERTY, AXE, ELLESMERE et MCKINNON au Canada et LA PALOMA MEXICO au Mexique. Weststar Res. est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 773 000 CA$ (613 298 US$, 541 849 €). La valeur de son action a atteint son plus haut niveau récent le 06 mars 2009 à 2,00 CA$, et son plus bas niveau récent le 10 février 2015 à 0,02 CA$. Weststar Res. possède 30 920 000 actions en circulation. |