TheNewswire
12 Aug 2026, 08:10 UTC · 1h ago
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Western Star Resources is launching its maiden field exploration and drill-planning program at the Eagle Point Tungsten Project in New Mexico. — This transitions the project from a passive historical asset to an active exploration stage, creating the first real catalyst for value discovery.
+0.40The property contains high-grade surface mineralization, including a USGS sample returning 27.6% WO₃. — High-grade surface samples increase the probability of a successful drilling campaign, though they are not yet representative of the total deposit.
+0.30The property remains largely untested at depth and along strike, with historical drilling limited to a few shallow holes. — The lack of prior modern drilling suggests significant exploration upside (blue-sky potential) for the company.
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Historical estimates suggested a mineralized system of approximately 170,000 tons, though these are not current mineral resources. — Provides a baseline for potential scale, but the lack of modern certification limits its immediate impact on valuation.
+0.10Which stocks this story touches
The company is initiating a maiden field exploration program to expand and validate tungsten mineralization at its Eagle Point project.
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