Wescan Goldfields Inc. is very excited with the results from the 2011 Jojay summer drill program which is located in the La Ronge Gold Belt in northern Saskatchewan. The new drilling results have definite potential of expanding the existing Resource base. The deposit remains open both down plunge and along strike. Wescan will now look at initiating a follow up program in 2012 in conjunction with a Preliminary Economic Assessment and update the 43-101 compliant Resource Estimate as the price of gold has more than doubled since the company released the initial NI 43-101 in February of 2010. Results from the 2011 Jasper summer program should be available for release shortly. The intent of that program was to go back to confirm known mineralized area which are believed to be still open at depth and along strike. Then the goal is to complete a National Instrument 43-101 Resource Estimate on the remaining mineralized zones on the Jasper Deposit.. Wescan initiated these programs back in June of 2011 by conducting a 2,500 metre drill program on its 100% owned Jojay property which was based on recommendations from a review of historical drilling data completed in February 2011 by its internal technical team and external consultants. This program follows the National Instrument 43-101 compliant resource estimate and recommendations by ACA Howe International Limited (“ACA Howe”) for future work. (see Wescan News Release February 4, 2010). The second program was conducted following a desk top review completed by ACA Howe for the Jasper Gold Project, this review assisted with the direction of a separate 2,500 metre drill program, to further assess the future potential of this past producing mine. Drilling was also focus on mineralized areas around the old mine workings that may contain mineable resources. Wescan will also be preparing a reconnaissance program on its Munro Lake property following the Magnetic and Electromagnetic (TEMPEST®) airborne geophysical survey completed on Wescan’s Munro Lake property in June 2011. Munro Lake is located north of La Ronge Saskatchewan where the survey was conducted by Fugro Airborne Surveys of Ottawa, Ontario. This airborne geophysical survey was conducted to assist in the interpretation of historic soil sampling and prospecting programs which identified anomalous gold targets throughout the property. The survey will aid in identifying potential mineralized zones which could be associated with surface geochemical anomalies. The Munro Lake Gold Project is located just 7 kilometers north of the Seabee mine/mill complex and is along strike of the Santoy gold zones which currently feed the Seabee mill.
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Dec 30, 2011
Wescan Goldfields Inc. Announces Grant Of Options
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Wescan Goldfields Inc. Announces Proposed Private Placement
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