Weststar Resources (TSX-V: WER) (FSE: HN3) has snapped up 27 strategic claims in the Red Chris area of north-western British Columbia, just 10 kilometres from Imperial Metals Corp’s (TSX: III) Red Chris copper-gold property, where Imperial recently reported 152.5 meters grading 4.12% copper and 8.33 grams per tonne (g/t) gold starting at a depth of 540 meters.
The 27 claims acquired by Weststar cover an area of approximately 26,544.48 acres located to the north-west of the Red Chris property.
Weststar issued 1 million shares and paid $10,000 in cash for the claims.
“The Company is planning an exploration program to follow up on numerous historic copper showings located on the northwest portion of the newly acquired claims,” Weststar stated, “The Company is also in preliminary discussions to acquire additional claims in the area, which if successfully concluded, will be announced in a timely manner.”
Disclosure: The author holds no positions in the company