Weststar Announces Commencement on Work Program on the Axe Porphyry Copper-Gold Project, BC
10.07.2012 | Marketwire
VANCOUVER, July 10, 2012 - Weststar Resources Corp. ("Weststar") (TSX VENTURE:WER) is pleased to report the commencement of exploration work on the Axe Porphyry Copper-Gold Property (the "Property") by Xstrata Copper Canada ("Xstrata"). The Property is located approximately 20 kilometers north of Princeton, British Columbia. The Property is a copper-gold porphyry system which Weststar optioned to Xstrata earlier this year.Xstrata is conducting the phase one work program on the Property. This first phase of work is to get the Property drill ready with the goal of expanding the known mineralized zones. Xstrata crews are conducting geological mapping, soil sampling and line cutting. The lines will be used to conduct a future induced polarity ("IP") survey on the numerous copper-gold targets which were identified during previous drilling and geophysics by Weststar . Once this first phase of work has been completed and the results analyzed, it is expected Xstrata will then commence a drilling campaign.
"Weststar is very enthusiastic to see the work programs start on the Axe project", said William Rascan, President. "Xstrata is a major copper producer with a world class portfolio of copper development projects."
In addition, the Company has granted an aggregate of 2,000,000 stock options to directors and consultants exercisable until July 9, 2017 at a price of $0.15 per common share. The granting of these stock options is subject to acceptance by the TSX Venture Exchange.
The technical content of this news release has been reviewed and accepted by Thomas Clarke Pr.Sci.Nat., a qualified person and a Director of the Company.
For further info on the Company, please visit www.weststarresources.com or email info@weststarresources.com.
On Behalf of the Board
Will Rascan, President
Weststar Resources Corp.
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.
Contact
Weststar Resources Corp.
Will Rascan, President
(604) 469-6855