Drill Results
Western Star Resources Completes Phase 1 Exploration at Rowland Tungsten Property and Confirms Three Zones of Extensive Historical Tungsten Workings
Western Star Resources Confirms Expanded Historical Workings at Rowland, Assay Results Awaited to Validate District-Scale Potential

Executive Summary
- Event: Completion of Phase 1 Exploration at Rowland Tungsten Property (Nevada).
- Date: May 28, 2026.
- Key Findings: Field work confirmed four discrete zones of historical tungsten-bearing workings (Northern Zone A/B, Central Zone, Rowland Main), exceeding previously recorded historical data.
- Technical Work: High-resolution UAV magnetic survey completed; soil geochemistry and rock-chip sampling conducted.
- Assay Status: Samples rush-submitted to laboratory; results expected over the coming weeks to guide Phase 2 drilling targeting.
- Management Commentary: CEO Blake Morgan states Rowland looks "considerably more prospective than the historical record suggested" after real-time program adjustments.
- Future Plans: Integration of assay results, finalizing Phase 2 program, and advancing toward drill permitting.
Material Impact
- Execution vs. Expectation: The news confirms the completion of a planned exploration program (Phase 1) announced in March/April 2026. This is an execution milestone rather than a fundamental value discovery at this stage.
- Grade Dependency: While the number of zones increased, no assay grades are provided yet ("expected over coming weeks"). Without grade confirmation, the materiality remains limited until resource potential is quantified.
- Market Context: The stock rallied to $0.82 in mid-May following financing and DIBC news but has since corrected to $0.55. This update validates the exploration thesis but does not immediately alter valuation without assay data.
- Strategic Alignment: Confirms progress on the district-scale strategy (Rowland + White Star acquisition) announced earlier in May 2026, supporting the narrative of a contiguous tungsten complex.
- Verdict: The news is positive for operational momentum but lacks the definitive grade data required to be classified as "Material - Positive" or "Game Changer." It prevents negative sentiment regarding program delays.
WSR · Price
Company Overview
- Company: Western Star Resources Inc. (Ticker: WSR).
- Flagship Project: Rowland Tungsten Property, Elko County, Nevada (100% owned).
- Secondary Asset: White Star Tungsten Project (Acquired May 2026), adjacent to Rowland.
- Geology: Contact metamorphic tungsten-molybdenum skarn system; Cretaceous quartz monzonite intrusions with Paleozoic limestones.
- Historical Production: Rowland produced ~1,000 tons of ore at 0.5–1.0% WO3 (1940s-1950s); White Star complex produced ~10,000 tons historically.
- Jurisdiction: Nevada, USA (Jarbidge and Charleston Mining Districts).
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Jun 24, 2026 · 03:05