WESTSTAR RESOURCES CORP. : http://www.weststarresources.com/ : QwikReport

Axe Property

43-101

click to enlarge Weststar's Axe Property, Road and Property Location Map

click to enlarge West Zone Drill Location Map 2006/2007

click to enlarge Axe Property Claims

click to enlarge Chalcopyrite-magnetite

Weststar Resources Ltd. (Weststar) entered into an agreement with Bearclaw Capital Corp. (Bearclaw) in July, 2005, whereby Weststar could earn a 66% interest in the Axe Project, an advanced stage project with a known porphyry copper resource. This report summarizes all data available on the property. The property consists of 21 mineral claims (119 claim units), located in the Similkameen Mining Division, 20 km north of Princeton, British Columbia. Well-maintained gravel roads leaving Highway #5 north of Princeton provide good access to all areas of the property.

The property was acquired in the 1960s by Adonis Mines Ltd., who commenced exploration for porphyry copper style of mineralization. Major exploration programs were completed by Adonis, Amax Exploration Inc., and Cominco Ltd. during the 1970s and early 1980s. In total, 185 holes, totalling some 14,000 meters were drilled during this period. Amax provided the initial resource estimate in 1971, followed by estimates of Adonis in 1972 and 1973. The resource area of the property has been continuously held under title since 1967. Cominco purchased the property in 1980 and abandoned and relocated the existing claims. Cominco sold the claims to a Vernon syndicate in 1994. The Vernon syndicate sold the claims to Bearclaw in 2003, who completed short drill hole testing in one of the zones for to study the potential of oxide copper in 2004.

The property is located in the Intermontane belt of Triassic volcanic rocks in central British Columbia. In the southern areas of the province, the dominant rock types are volcanic rocks of the Nicola group. The Nicola group is the principal rock group of the property and is the host rocks of most mineralization of value. Intruding the Nicola group are late Triassic felsic intrusive bodies, believed to be the mineralizing source. The structural setting of the property is a very complex set of faults, the main structure being the Summers Creek fault. There are many splays of this fault, some exhibiting horsetail features. Cross-cutting structures are common, truncating and off-setting mineralized bodies. The tectonic history of the property is yet to be resolved.

The known zones of mineralization are associated with faults and occur in highly altered, sheared and brecciated rocks of both the volcanics and intrusives. In the areas of known resource, strong alteration patterns of typical porphyry deposits have been identified, including propyllitic, phyllic, argillic, and potassic alteration. Sulphide minerals are present, and their relative abundance appears to identify the mineral deposits of potential economic worth. Sulphides identified are pyrite, chalcopyrite, with lesser contents of sphalerite, galena, chalcocite and molybdenite. Secondary oxide minerals include malachite, azurite and native copper.

Minerals of potential economic worth have clustered into four distinct zones referred to as the South, West, Adit and Mid Zones. In total, 39.0 million tonnes grading 0.38% copper is classified as ahistorical resource at a cut-off of 0.25% copper. An additional 32 million tonnes of the same grade is classified as an inferred resource. This report updates the resource calculation, including the results of the 2004 drill program. The only minor changes to resource estimates are those within the Adit Zone.
Weststar completed a 3D Induced Polarization survey in 2005 over the property and resource areas that confirmed previous near surface results. In addition, the survey collected reliable depth readings to 300 meters, establishing deep viable chargeability drill targets in areas of known resource. A new chargeability anomaly has been discovered in the northern area of the grid, referred to as the North Zone.

A fourteen-hole diamond drill program was completed by Weststar in 2006 and 2007totaling 3401 meters. Eleven of the holes were drilled into the West Zone, and one hole was drilled into each of the North, South and Adit Zones. This report provides details of the results of this program. Work completed by Weststar from 2005 -- 2007 was sufficient for them to have earned their 66% interest in the project.

In summary, the West Zone drilling was very positive as it expanded the strike length of the zone to 650 meters and established its potential depth to 300 meters, which will undoubtedly increase the size of the resource in this zone. In addition, a gold content was established for the zone, approximately 0.2g/t gold being associated with copper mineralization. Gold appears to have a non-sympathetic relationship to the copper, increasing in content to the north. Gold intercepts exceeding 1g/t gold were intersected in two of the northernmost holes.

The one hole in the South Zone established the presence of a possible new lobe. Sufficient work in this area has not been done toad this lobe to the existing resource.

A resource estimate has not been completed incorporating the recent drill results. This is being recommended as ongoing work on the property. In addition, a total of eight new diamond drill holes (1200 meters) in the South Zone are recommended to confirm early historical drill results of this zone. PHASE I costs to complete the recommended program are estimated to be $238,000.

Copyright © 2010 by WestStar Resources Corp.   All rights reserved worldwide.

For more information, send questions and comments to
This page was created on Fri Sep 10, 2010 at 9:50:23 AM Pacific Time.