13:21:17 EST Wed 11 Nov 2026
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Western Star Resources Inc (2)
Symbol WSR
Shares Issued 61,395,716
Close 2026-11-10 C$ 0.36
Market Cap C$ 22,102,458
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Western Star talks results of Eagle Point survey

2026-11-11 08:59 ET - News Release

Mr. Blake Morgan reports

WESTERN STAR DRONE MAGNETICS TRACE THE SKARN-HOSTING GRANITE-LIMESTONE CONTACT BENEATH COVER AT EAGLE POINT IN PREPARATION FOR DRILL PROGRAM

Western Star Resources Inc. has released the results of the high-resolution drone magnetic survey at its 100-per-cent-owned Eagle Point tungsten project in Hidalgo county, New Mexico. The survey has mapped the contact between intrusive granite and Horquilla limestone and provides confidence where this contact trends beneath the talus and shallow cover. This contact is the prospective horizon for the tungsten-bearing skarn mineralization. Importantly, the interpreted contact extends northwest from the historical workings across the western part of the property, where it is concealed beneath cover. The magnetic interpretation has been integrated into the company's three-dimensional geological model and the planned 17-hole drill program.

Blake Morgan, the chief executive officer and president of Western Star, stated: "The drone survey has done exactly what we needed it to do at Eagle Point. The skarn we mapped in August sits on the granite-limestone contact, but most of that contact is hidden under shallow cover. The magnetics now show us where it goes, and it runs for kilometres northwest beneath the cover. With the contact mapped and the 3-D model updated, we are going into the maiden drill program with a much clearer picture of where to put the holes."

Key highlights:

  • A high-resolution drone magnetic survey covering approximately 4.9 square kilometres has been completed over the southern and western parts of the Eagle Point claims. Processing and interpretation were completed by Warren Hughes, PGeo, of East Coast Consulting.
  • A broad, arcuate magnetic high, bounded to the northwest by a sharp gradient against a magnetically quiet domain, is interpreted to reflect the granite, with the quiet domain corresponding to the Horquilla limestone. The gradient between them is interpreted to approximate the skarn-hosting granite-limestone contact.
  • The interpreted contact is traced for approximately three kilometres, curving from the northeastern part of the survey southwest across the western part of the property, where it projects beneath shallow cover and cannot be mapped at surface.
  • The historical Eagle Point workings and the principal skarn exposure sampled by the company in August, 2026, sit at the southern end of the interpreted contact, providing a direct link between the magnetic framework and known scheelite mineralization.
  • The planned 17-hole, approximately 1,850-metre (6,070-foot) drill program has been positioned on the interpreted contact. Six holes step out up to approximately 400 metres northwest of the historical workings to test the contact beneath talus cover.
  • Assay results from the 23 samples collected in August, 2026, remain pending and will be integrated with the magnetics and the three-dimensional model to finalize drill targets.

The tungsten skarn setting at Eagle Point

Tungsten skarns form where a granitic intrusion is emplaced into a carbonate sequence. Hydrothermal fluid expelled from the cooling intrusion reacts with the limestone to produce garnet-rich calc-silicate rock (skarn or tactite), and it is within that skarn that scheelite, the principal tungsten mineral, is deposited. The contact between the intrusion and the carbonate host is therefore the primary exploration target.

At Eagle Point, mapping by the company in August, 2026, identified scheelite-bearing skarn developed along the contact between intrusive granite and Horquilla limestone, with scheelite associated with garnet, epidote and lesser quartz (see news release dated Sept. 22, 2026). The exposed contact dips steeply, at approximately 80 degrees, but extensive talus cover obscures much of it, and its full extent and geometry cannot be established from surface mapping alone. Mapping that contact beneath cover was the principal objective of the drone survey.

Mapping the contact beneath cover

The magnetic data show a broad, arcuate magnetic high that trends east-west across the northern part of the survey, curves southwest across the western part of the property and continues into the southern part of the property. To the northwest, it is bounded by a sharp magnetic gradient against a magnetically quiet domain. The quiet domain corresponds to the limestone mapped north and west of the granite and the high corresponds to the granite and its margin. The company interprets the gradient to approximate the granite-limestone contact.

On this interpretation, the contact is traced for approximately three kilometres through the surveyed area, including across the western part of the property, where it projects beneath shallow cover. The historical trenches in the western part of the property (trenches 4 to 7 and 9; see news release dated Sept. 15, 2026) lie in the same contact zone and have not previously been followed up with modern exploration.

The historical Eagle Point workings, the garnet-skarn contact mapped by the company in August, 2026, and the 12 samples (LH700 to LH711) collected by the New Mexico Bureau of Geology and Mineral Resources sit at the southern end of the interpreted contact, where it bends sharply to the east. This links the magnetic framework directly to the known scheelite mineralization on the property and gives the company a basis for following the contact away from the exposed skarn.

Strong, discrete magnetic highs along the southern edge of the survey lie largely south of the company's claims and at the edge of the survey, where the data are least constrained and are not interpreted further at this stage.

Integration with the planned drill program

The magnetic interpretation has been incorporated into the company's three-dimensional Leapfrog Geo model, which supports the planned 17-hole, approximately 1,850-metre (6,070-foot) drill program announced on Sept. 22, 2026. The holes are designed as shallow, closely spaced tests of the steeply dipping skarn contact and are positioned along the interpreted magnetic contact.

Next steps

Assay results from the 23 samples collected from the principal skarn target in August, 2026, are pending at ALS Geochemistry in Tucson, Ariz. These will be integrated with the magnetic interpretation, the geological mapping and the three-dimensional model to finalize drill targets. Mapping and sampling will be extended northwest along the interpreted contact, including the historical trenches, and the company is advancing drilling logistics and applicable permitting for the proposed program.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Jasper Mowatt, MIMMM, MAusIMM, a consultant to the company and a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. Mowatt is not independent of the company.

Quality assurance and quality control (QA/QC)

The UAV (unmanned aerial vehicle) magnetic survey was flown by AJ Mining LLC using a DJI Matrice M300 platform carrying a GSMP-35U potassium vapour magnetometer, at a nominal sensor height of 30 metres with terrain following. Flight lines were oriented east-west at 100-metre spacing with tie lines at 1,000 metres over approximately 4.9 square kilometres (1,200 acres). Data were quality checked in the field and corrected against base-station readings, with diurnal, lag and heading corrections applied. Processing, levelling, gridding and interpretation were completed by Warren Hughes, PGeo, of East Coast Consulting using Geosoft Oasis Montaj, with data gridded at a 25-metre cell size. Reduction to the pole (inclination of 58.5 degrees, declination of 8.2 degrees), tilt derivative and related products were computed from the levelled total magnetic intensity grid. All co-ordinates are reported in the NAD83 UTM Zone 12N co-ordinate system. Magnetic surveys measure a physical rock property and do not detect tungsten; scheelite is not magnetic, and the interpretations described in this news release require confirmation by drilling. Sample LH705 and the LH700-to-LH711 suite were not collected by or under the supervision of the company, and the qualified person has not verified the sampling or analytical procedures.

About Western Star Resources Inc.

Western Star Resources is a mineral exploration company focused on the acquisition, exploration and advancement of mineral properties, with a growing strategic emphasis on tungsten and critical minerals in the United States. The company is advancing a portfolio of past-producing tungsten assets in Nevada and New Mexico, including the Eagle Point tungsten project in New Mexico and the Rowland and White Star tungsten projects in Nevada, while maintaining additional exploration exposure through its Western Star property in British Columbia.

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