Western Star Resources (CSE:WSR) has appointed financial services veteran Garland Scott to its board of directors.
The company highlights Scott’s 26 years of experience across financial services, business development, and strategic consulting. He previously held senior positions at Bank of America (NYSE:BAC) and Goldman Sachs (NYSE:GS), working with financial advisers and high-net-worth clients.
He later served as business development and consultant director at SEM Wealth Management and chief growth officer at On3 Strategies.
CEO Blake Morgan says Scott’s financial services experience will support Western Star’s development.
“His background at leading firms such as Goldman Sachs will be instrumental in helping Western Star take that next step forward,” Morgan says.
“In other news, Western Star will have some updates regarding assays on the Rowland, White Star, and Eagle point properties very soon.”
Western Star recently mobilised geophysical crews for a high-resolution drone magnetic survey at its Eagle Point Tungsten Project in New Mexico, US, ahead of maiden drilling.
The survey is designed to refine the geometry of prospective limestone-intrusive contacts and magnetite-bearing tactite bodies before drill targets are finalised.
The appointment comes as the company seeks to advance its US tungsten portfolio amid growing concerns over the country’s dependence on imported supply.
Investor awareness agreement
Separately, Western Star has entered into a two-month investor awareness agreement with Market Equities for US$100,000 ($139,380), subject to acceptance by the Canadian Securities Exchange.
Market Equities is said to handle branding, communications, search engine optimisation, digital media, consulting, and business development services. It will also distribute weekly articles linking Western Star to relevant sector analysis and company news.
The agreement may be renewed after its initial term. Western Star says the parties operate at arm’s length and that neither Market Equities nor its principals hold company securities or have a right or intention to acquire them.
Western Star Resources is a Canadian junior explorer advancing a portfolio of tungsten properties in New Mexico and Nevada, US.
Write to France Pinzon at Mining.com.au
Images: Western Star Resources
