Vancouver, BC – February 7, 2012: WestStar Resources Corp. (tsx venture:WER) (the “Company”, “WestStar”) has completed the previously announced Induced Polarization/Resistivity (“IP/Resistivity”) survey and has begun planning for the upcoming diamond drill program on its La Paloma property (the “Property”). The Property is located approximately 70 kilometers west of the city of Guadalajara in the State of Jalisco, Mexico.
The IP/Resistivity survey at the La Paloma property consisted of a total of 5.8 line-kilometres (line-km) which were surveyed along a series of seven lines targeting an 800 metre strike extent of the Main “Piedra Bola” Vein structure. The IP survey represents the final stage in WestStar’s “Phase 1” exploration program that included property wide geologic mapping, the collection of 194 rock grab and rock channel samples, 656 soil samples and 174 stream sediment samples. In addition, a total of 20.8 line-km of ground magnetic survey was completed (click on the link to view an exploration map of the work completed by WestStar: http://www.weststarresources.com/i/maps/LaPalomaExplorationMap.jpg ).
WestStar is currently selecting drill targets in preparation for a 2,000- metre diamond drill program. The drill program will target the most prospective anomalies within the Main “Piedra Bola” Vein structure as well as evaluating the potential of additional mineralized veins on the Property.
Mitchell Adam, President, states, “We are extremely encouraged with the results of the Phase 1 exploration program and feel the work to date has culminated in potentially high success drill targets for WestStar. Since acquiring this past producing gold and silver property WestStar has completed a series of work programs to focus our future drilling on the Property.”
About the Drill Targets at La Paloma
Main “Piedra Bola” Vein
Geological mapping within the La Paloma Property has defined a steeply southwest dipping vein structure (Main “Pedra Bola” Vein) over a 1-kilometre strike length. Rock channel sampling across the Piedra Bola Vein assayed up to 0.84 grams-per-tonne (g/t) gold, and 64 g/t silver over 6 metres (Channel 2). Individual mineralized rock samples of outcropping quartz veins returned assays of up to 7.81 g/t gold and 311 g/t silver (sample 11DMP135). The Piedra Bola Vein is coincident with a broad 400 x 1,000 metre greater than 10 parts-per- billion (ppb) gold in soil anomaly that encompasses the nearby Ridge Showing. Individual soil samples within the Piedra Bola Vein soil anomaly have returned assays of up to 3.69 g/t gold.
The Ridge showing mentioned above is situated about 300 metres to the southwest of the Piedra Bola Vein. The Ridge Showing covers an area of approximately 100 by 30 metres. This area hosts centimetre-scale branching quartz veinlets and quartz vein breccias. The Ridge Showing is coincident with a 300 x 300 metre, multi-line, greater than 10 ppb gold in soil anomaly that extends over a 200 metre vertical elevation range. Individual soil samples within the Ridge Showing anomaly have retuned assays of up to 557 ppb gold.
A second Eastern vein structure (“East Vein”) located 195 metres to the northeast of the Piedra Bola Vein has been traced for approximately 200 metres so far. The Company aspires to increase this strike length with further work. Rock channel sampling of this highly altered northwest trending topographic low lineament has returned assays of 8.6 g/t silver over 4 metres (Channel 6).
About the La Paloma Property
WestStar has an option to earn 60% and up to 80% of the Property subject to a 2% NSR. The Property lies at the very southern end of the Sierra Madre Occidental physiographic province which is well known for gold and silver mineralization and mining. The primary goal of WestStar will be to work the Property and to define a compliant gold and silver resource in the future.
History of the La Paloma Property
The Property was, at one time, owned by Penoles who relinquished it in 1980. In 1983 and 1984 the Consejo de Recursos Minerales (“CRM”), a government agency, drained and entered the northern end of the main tunnel of the Veta Ancha workings and sampled an exploration drift approximately 100 metres from the 1928 planned mining to the northwest. Based on this work CRM reported a “potential reserve” of 750,000 tonnes grading 4.19 g/t Au and 123 g/t Ag from the CRM. This estimate must be considered a historical resource and does not meet the National Instrument 43-101 definitions for a resource or reserve as stated in sections 1.2 and 1.3. There has been no opportunity to verify either the grade or size of the reported “reserve” and therefore the estimate cannot be considered to comply with NI 43-101. At this time, Snowden has not completed sufficient work to classify the historical reserve estimate as either a current mineral resource or mineral reserve. The Company is not treating the historical estimate as a current mineral resource or mineral reserve as defined in NI 43-101, and therefore the historical estimate should not be relied upon.
This technical content of this press release has been reviewed and accepted by Thomas Clarke, Pr.Sci.Nat., and a Director of the Company. Mr. Clarke is a Qualified Person under NI 43-101.
For further info on the Company please visit www.weststarresources.com or email [email protected] Telephone: 604-678-5308.
On Behalf of the Board
Mitchell Adam, President
WestStar Resources Corp.
This news release includes certain statements that may be deemed “forward- looking statements”. All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Please refer to news release issued by the Company on August 17, 2011 for the Terms of the option agreement executed to earn an interest in La Paloma. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company’s annual filings that are available at www.sedar.com .
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.
1011 West Cordova Street
Tel: (604) 678-5308, Fax: (604) 678-5309 Website: www.weststarresources.com