WellStar Energy Corp.

WellStar Energy Corp.

December 22, 2008 17:39 ET

WellStar Energy Announces Atlin Work Program Completed

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 22, 2008) - WellStar Energy Corp. (TSX VENTURE:WSE)(FRANKFURT:W6V1) has completed the fall/winter work program on the company's Atlin project. The work program commenced September 15, 2008 and results will be reported during the first quarter of 2009. The work was completed under the direction of Clive Aspinall, M.Sc., P. Eng the "Qualified Person" under N.I. 43-101.

On September 1, 2008, the Company entered into a joint venture agreement with Blind Creek Resources (a company with a common director) whereby WellStar would earn a 50% interest in Blind Creek's 100% owned Main and Como Lake blocks of claims in Atlin, British Columbia, by spending $750,000 over a three year period. The Main block consists of 47 contiguous mineral claims covering an area of 35,821.57 ha. These claims are centered immediately east of Atlin, south of Pine Creek-Surprise Lake and north of the O' Donnel River. The second block of claims referred to as the Como Lake Block is comprised of 2,261.17 ha.

The Atlin placer gold camp, located in northwestern British Columbia on the eastern shore of Atlin Lake ranks as the second largest producer of placer gold in the Province. Mining has been the mainstay of the town of Atlin since the discovery of gold on Pine Creek in 1897. Reported placer gold production from creeks in the Atlin area totaled 634,147 oz between 1898 and 1946. A number of the larger placer deposits continued to produce significant quantities of gold into the late 1980s.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • WellStar Energy Corp.
    Andrew H. Rees
    President and CEO
    (604) 669-6463
    (604) 669-3041 (FAX)
    Website: www.wellstarenergy.com