WestStar Resources Corp.
WestStar Resources Corp.
WestStar Resources Corp.
Projects Ontario
Weststar Resources Corp. has acquired a 100-per-cent interest in the Sifton block of claims. The claims are north of the Rainy River project north of Richardson township, which is approximately 50 kilometres northwest of Fort Frances in Western Ontario.

The property is north of Rainy River's Richardson township in Northwestern Ontario, approximately 162 kilometres south of Kenora and 418 kilometres west of Thunder Bay. The property has tremendous infrastructure -- year-round road access and power lines in close proximity, and the railway is located 21 kilometres to the south of the property. Gold reserves on the Rainy River Resources property were reported in Stockwatch news dated March 2, 2010, as 56,833,000 tonnes at 1.3 grams per tonne gold indicated (2.37 million ounces), in addition to 68.93 million tonnes at 1.2 g/t gold inferred (2.66 million ounces). These resources were arrived at using a 0.4 g/t gold cut-off.

The company will immediately commence a historic data compilation and commence permitting on the property.

Terms of the agreement include cash payments of $175,000 over a four-year period and the issuance of three million shares of Weststar upon TSX Venture Exchange acceptance. A finder's fee is payable on this transaction. The acquisition is subject to the acceptance of the TSX Venture Exchange.

In other matters, the company recently wrote down the 18-metre property and the Bache property, and continues to monitor its portfolio of properties. Currently, the company is focusing its efforts on the Yukon properties, its Red Chris property and is currently negotiating with potential joint venture partners.


Sifton Claims Location Map

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