(TheNewswire)
August 24th,2023– TheNewswire - Western Star Resources Inc. (CSE:WSR) is pleased to announce the closing of the Toad River Copper-Cobalt Property located Peace River North area of British Colombia. The Toad River Copper Property is located 56km south of Muncho Lake (Alaska Highway) and 16 kms west of Historically producing Churchill Copper Mine.
Blake Morgan, the CEO and President of Western Star, stated “With the Toad River Acquisition now complete, Western Star will continue to crunch the data. With 730 meters of known strike length and the identification of copper and cobalt minerals clearly indicates that a much larger mineralized system is proximal. With extremely high copper values on this asset, we look forward to getting crews on the ground to follow up these numbers. With the demand for copper set to outstrip supply, we are looking forward to beginning the exploration for cobalt and copper.”
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Assays of 15.60 % and 14.80% Copper
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Measured 730 meters of known strike length.
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Copper Mineralization Chalcopyrite Bornite
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Possible Erythrite (a Hydrous cobalt arsenate)
The Property hosts approximately 730 meters in length of dissentious vein type copper mineralization, in the form of Chalcopyrite, Bornite, and Pyrite within the Proterozoic rocks of the Aida formation.
In 1970 Canadian Superior Exploration Limited collected Fifteen (15) continuous chip samples were taken across various sections of the mineralized veins, and their copper assay values, along with the sample widths, are given below:
|
Sample No
|
Meters
|
Cu %
|
|
ME- 1
|
1.34
|
4.10
|
|
ME- 2
|
1.16
|
2.40
|
|
ME- 3
|
0.15
|
13.80
|
|
ME- 4
|
0.43
|
7.40
|
|
ME- 5
|
0.30
|
4.80
|
|
ME- 6
|
1.01
|
8.20
|
|
ME- 7
|
0.61
|
1.07
|
|
ME- 8
|
0.55
|
5.45
|
|
ME- 9
|
0.85
|
2.70
|
|
ME-10
|
0.18
|
1.98
|
|
ME-11
|
0.61
|
15.60
|
|
NE-12
|
1.13
|
14.80
|
|
ME-I3
|
0.30
|
2.40
|
|
ME-14
|
0.30
|
5.35
|
|
ME-15
|
0.67
|
1.55
|
The veins occur as discontinuous, lens-shaped pods of variable dimensions with widths between 15- to 90- cementers and lengths of less than 25 meters. Situated primarily along the northwest margin of a steeply dipping, northeast-striking dyke which transects a number of north trending dykes.
The mineralization consists principally of chalcopyrite with minor amounts of pyrite, bornite, malachite and erythrite, and occurs within the veins in association with quartz, carbonate (ankerite?), and sedimentary rock inclusions. Chalcopyrite appears as blebs, clusters, and pockets as well as lenses within the veins, and primarily in association with the rock inclusions.
The Company has now acquired 100% of the two mineral titles totaling 2,202.15 ha for one time issuance of 5,000,000 shares to the Vendors. The Property has 1% Royality in returns on commercial production.
Derrick Strickland, P.Geo. (1000315). a Qualified Person defined by National Instrument 43-101 and shareholder has reviewed and approved the technical information in this press releases.
“The company announces the resignation of David Johnson as a Director of Western Star Resources Inc. The company wishes to thank Mr. Johnson for his contributions to the company and wishes him success on his new endeavors.”
Additional Information
Additional information about the Company and the Transaction is available on SEDAR at www.sedar.com under the Company's profile. The summary of the Transaction set out above is qualified in its entirety by reference to the description of the Transaction in the Company's filing statement posted on SEDAR.
"Western Star Resources is a mineral exploration and development company. The company's objective is to increase shareholder value through the development of exploration properties using cost-effective exploration practices, acquiring further exploration properties, and seeking partnerships by either joint venture or sale with industry leaders. The company currently owns nine non-surveyed contiguous mineral claims totalling 2,797 hectares, which are located within the Revelstoke mining division of British Columbia. The Western Star property group is located approximately 50 kilometres southeast of Revelstoke, B.C., and roughly 10 kilometres north of the abandoned community of Camborne. Access to the Camborne area is via paved highway from either Revelstoke or Nakusp. Access to the property area is best via helicopter from Revelstoke or Nakusp."
Contact Information:
Blake Morgan, CEO and Director
blake@acvc.vc
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Certain of the statements made and information contained herein may constitute "forward-looking information." In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
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