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Weststar Resources (WER-V) agreement for Albany southeast property
July 24, 2013 - News Release
The TSX Venture Exchange has accepted for expedited filing documentation of a property purchase agreement dated July 15, 2013, between Weststar Resources Corp. and Marcy Kiesman whereby the company may acquire a 100-per-cent interest in 19 mineral claims (the Albany southeast property) located within the Porcupine district of Ontario. The consideration payable to the vendor consists of cash in the amount of $15,000 and the issuance of 2.75 million common shares of the company.
A finder's fee of 275,000 common shares is payable to Brian Morrison.
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WER-V finds magnetic anomaly on Albany property
July 22, 2013 - News Release
Upon review of Geological Survey of Canada and Ontario Department of Mines aeromagnetic airborne data, a geophysical magnetic low anomaly is evident on Weststar Resources Corp.'s recently acquired Albany Southeast hydrothermal graphite property in Ontario.
The airborne data, from geophysics paper 3912, Constance Lake, Ontario, sheet 42 F/16, map 39120, published in 1967 and compiled by Lockwood Survey Corp., from 1965 to 1967, and completed for the Ontario Department of Mines and the Geological Survey of Canada, Department of Energy, Mines and Resources, outline a magnetic depression (low) on Weststar's ground similar to the magnetic depression identified in the same survey over Zenyatta Ventures Ltd.'s ground.
Brookemont Ventures Inc.'s project is contiguous to the east of Weststar's Albany Southeast project, and Brookemont announced on July 12, 2013, that a magnetic low was located on Brookemont ground as per the following: "Gregory Thomson, PGeo, a director of the company, stated: 'Based on reviewing the limited data currently available, it is quite apparent that there is a magnetic low anomaly that virtually covers the entirety of the newly acquired Brookemont property. The underlying geologic formation is similar as the host formation in which Zenyatta made its recent discovery. While the formations and geophysical signature are similar in nature, much more work needs to be conducted to test the anomaly's mineral potential for graphite.'"
Will Rascan, president of Weststar, stated: "After reviewing the limited data available, we believe that there is a strong possibility the adjacent Zenyatta and Brookemont magnetic anomalies may very well extend onto Weststar's property. Although preliminary data is limited, further work is definitely warranted to define our anomaly."
Qualified person
Paul D. Gray, PGeo, is a qualified person as defined by National Instrument 43-101 and has approved the technical information in this release.
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