NewsApr 21, 2009 00:01 ET
Weststar Resources Corp. Confirms Thermal Coal Quality at Tobin Lake Coal Property Saskatchewan
VANCOUVER, BC--(Marketwire - April 21, 2009) - Weststar Resources Corp. (TSX-V: WER)(:
Mitchell Adam, president, stated: "We are encouraged by the overall resultsof this winter's program in that they demonstrate a near-surface coaldeposit with good calorific values. The tested area is showing evidencethat it may be at the edge of a sub basin, similar to that encountered byGoldsource Mines where coal thicknesses of up to 100m have beendiscovered."
Preparations for a spring EM survey are progressing and will focus on thedevelopment of additional drill targets near the discovery area, and otherparts of the overall permit area.
Within the region, airborne EM surveys have demonstrated their usefullenesin outlining the coal basins within the Manville Formation. The companybelieves that this will be an extremely cost effective method of quicklytargeting locations with potential to host the thickest accumulations ofcoal near Tobin Lake.
Future drill activities will await the completion of aproperty-wide full-spectrum Time-Domain airborne electromagnetic (EM)survey. The survey will be used to delineate both the Manville Coal seamswithin the property, and the elevations of the Devonian basement, therebyidentifying locations with potential for the thickest accumulations ofcoal. The Tobin Lake Property measures 20 by 30 kilometers. The areatested by the winter drill program represents only a small portion of theproperty, measuring less than 1 by 1 kilometers.
All analyses were carried out by Loring Laboratories Ltd. of Calgary,Alberta. Loring is a certified laboratory and has extensive experience inthe analysis and ranking of Canadian coals.
The Company has also arranged a non brokered private placement of up to7,000,000 units at $0.10 per share. The private placement consists of unitspriced at $0.10 per unit. Each unit consists of one common share and onetransferable share purchase warrant, with each warrant exercisable into oneadditional common share at a price of $0.15 per share for a period of twoyears from the date of closing. Proceeds of the placement will be used tofund the Company's upcoming EM survey and Phase 2 drill program and forgeneral working capital. The Company is paying the maximum allowablefinder's fees under TSXV exchange policy.
About the Company: Weststar Resources Corp. (TSX-V: WER) is a mineralexploration company focused on discovering and advancing mineral propertiesby utilizing modern geological science to evaluate historical knowndiscoveries. Weststar's portfolio is currently focused in Canada and isprimarily invested in coal properties with known historical coaldiscoveries. The Company's Saskatchewan Tobin Lake 18 Meter Coal Propertyis currently the main focus of exploration activity. For further info onthe Company please visit www.weststarresources.com or emailinfo@weststarresources.com.
On Behalf of the Board
Mitchell Adam, President, Weststar Resources Corp.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as thatterm is defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release." WARNING: TheCompany relies on litigation protection for "forward looking" statements.Actual results could differ materially from those described in the newsrelease as a result of numerous factors, some of which are outside thecontrol of the Company. The technical information in this news release hasbeen prepared in accordance with the Canadian regulatory requirements setout in National Instrument 43-101 and reviewed on behalf of the Company byNeil MaCallum, P.Geol., of Dahrouge Geological Consulting Ltd., a qualifiedperson.