Weststar Acquires Rainy River Gold Claims
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jul 7, 2010) – Weststar Resources Corp. (TSX VENTURE:WER)(FRANKFURT:HN3) (the “Company”) announces the merger of a 100% seductiveness in the Sifton Block of claims. The claims have been north of the Rainy River plan north of Richardson Township, that is we estimate fifty kilometres northwest of Fort Frances in horse opera Ontario.
The Property is north of Rainy River’s Richardson Township in northwestern Ontario, we estimate 162 kilometres south of Kenora and 418 kilometres west of Thunder Bay. The skill has extensive infrastructure – year turn highway access, powerlines in tighten vicinity and the railway is located twenty-one kilometres to the South of the property. Gold pot on the Rainy River Resources skill were reported on Mar 2, 2010 as 56,833,000 tonnes at 1.3 g/t bullion indicated (2.37 million ounces) in serve to 68,930,000 tonnes at 1.2 g/t bullion unspoken (2.66 million ounces). These resources were arrived at regulating a 0.4 g/t bullion cut off.
The Company will rught away embark a ancestral interpretation gathering and embark needing on the property.
Terms of the agreement embody money payments of $175,000 over a 4 year duration and the distribution of 3,000,000 shares of Weststar on TSX Venture Exchange acceptance. A finder’s price is on credit on this transaction. The merger is theme to the acceptance of the TSX Venture Exchange.
In alternative matters, the Company new wrote down the eighteen metre skill and the Bache skill and continues to guard the portfolio of properties. Currently the Company is focusing the efforts on the Yukon properties, the Red Chris Property and is now negotiating with intensity corner try partners.
About the Company: Weststar Resources Corp. (TSX VENTURE:WER) is a vegetable scrutiny association focused on finding and more advanced vegetable properties by utilizing complicated geological scholarship to weigh chronological well known discoveries. Weststar offers the intensity for fast corporate expansion and item appreciation. Weststar’s portfolio is now focused in Canada. For serve info on the Company greatfully revisit www.weststarresources.com or email info@weststarresources.com.
On Behalf of the Board
Mitchell Adam, President
Weststar Resources Corp.
WARNING: The Company relies on lawsuit insurance for “forward looking” statements. Actual formula could talk about materially from those described in the headlines recover as a outcome of countless factors, a little of that have been outward the carry out of the Company.
The TSX Venture Exchange has not reviewed and does not accept shortcoming for the endowment or correctness of the calm of this News Release.
