Post by Franko10 ™ on Jun 3, 2005 6:13:11 GMT -5
Wescan confirms high grade at Jasper Mine property
Stock Symbol: WGF: TSX-VEN
SASKATOON, June 2 /CNW/ - George Sanders, President of Wescan Goldfields
Inc. ("Wescan"), is pleased to report that the recently completed diamond
drill program at Wescan's 100% owned Jasper Mine property was successful in
confirming the high grade nature of gold mineralization. Drill hole JS05-11
returned an intersection of 12.24 g/t over 4.87 metres true width. Drill hole
JS05-12 encountered a new structure in the footwall which returned 61.53 g/t
over .32 metres true width. The program also confirmed the nugget effect of
free gold and as a result, all samples were screened for metallics and
analyzed by the visible gold metallics assay method. All holes except JS05-04,
which drilled into a drift, encountered gold values in the shear zone
structure. (See table below)
Thirteen holes were drilled from April 4 to 30 totalling 1,629.7 metres.
The purpose of the program was to confirm the presence of the Jasper Shear
zone around and adjacent to previously mined stopes. Drill holes JS05-01 to
JS05-03 were drilled to test for the possibility of a continuation of
mineralization to the south from the most southerly stopes (1-00 and 2-00) as
well as to test for a possible increase in grade nearby and on the plunge
extension from several drill holes to the south of the stopes.
Drill holes JS05-04 to JS05-08 were drilled to test for the possibility
of a down plunge continuation of the mineralization mined in stope 1-03. Four
holes were completed successfully and intersected the main shear structure
while holes JS05-06 to JS05-08 intersected a second, weaker hanging wall shear
structure. The best assay was reported in hole JS05-07 with 23.85 g/t gold
over 0.71 m true width.
Drill holes JS05-09 to JS05-12 were drilled to test for the possibility
of a down plunge continuation of the mineralization below stope 1-04. Hole
JS05-11 returned the best intersection of all in the main structural zone
assaying 25.36 g/t gold over 1.20 m true width. This intersection is included
in a larger mineralized section assaying 12.24 g/t gold over 4.87 m true
width. Hole JS05-12 does contain a relatively broad zone of mineralization
and, while lying only 25 m below or down dip from the higher grade intercept
in hole JS05-11, indicates very clearly the quick change in grade that may be
encountered in a nuggety or free gold deposit. A narrow (6 cm) high grade
quartz vein with biotite and pyrite rich margins containing visible gold was
cut in hole JS05-12 at 15 m depth. It assayed 61.53 g/t gold over 0.32 m true
width. While narrow at the point of intercept, this structure could be similar
to other Jasper structures that from past experience have been known to swell
to in excess of the historic mining width of 1.5 metres. This zone remains
open below hole JS05-12 as well as to the south and as the orientation of this
high grade intersection is not yet known, additional short holes may be
warranted.
All holes were logged longhand, mineralized intersections split and the
samples submitted to TSL Laboratories Inc. in Saskatoon for analyses. Assaying
included 29 element ICP analysis which shows the gold to be clean and free of
any deleterious elements such as arsenic or antimony. There are no base metals
associated with the gold mineralization.
A program of prospecting other gold showings and occurrences is currently
underway. Wescan plans a drill program at the Jasper Mine to follow up the new
high grade zone as well as to test the known structures at depth down plunge.
It is anticipated that this program will commence in July.
The Jasper Mine is located in the La Ronge gold belt of northern
Saskatchewan. The mine was operated by Cameco Corp. during 1990-91 and
produced 155,000 tons at an average gold grade of 0.54 ounces per ton.
The recently completed drill program was supervised by J. W. Murton; P.
Eng. Mr. Murton is a member of the Association of Professional Engineers and
Geoscientists of the Province of B.C. He is the project Qualified Person in
accordance with National Instrument 43-101 and has reviewed this release.
<<
SIGNIFICANT ASSAYS OF SHEAR ZONE INTERVAL
HOLE No. INTERVAL METALLIC
IN METRES ASSAY
---------------------------------------------------
HOLE LENGTH WIDTH TRUE GOLD
FROM TO WIDTH g/t
JS05-01 61.10 62.50 1.40 0.99 1.92
JS05-02 69.40 73.80 4.40 3.11 2.77
JS05-03 84.50 87.50 3.00 1.72 2.10
JS05-04 Hole aborted
JS05-05 127.40 129.30 1.90 0.95 1.13
JS05-06 129.80 131.70 1.90 1.34 0.29
JS05-07 100.00 101.20 1.20 0.71 23.85
113.70 115.60 1.90 1.34 5.74
JS05-08 115.80 118.00 2.20 1.41 1.21
138.80 139.50 0.70 0.45 4.66
JS05-09 104.70 107.60 2.90 1.45 0.75
JS05-10 79.00 82.00 3.00 2.12 1.29
JS05-11 88.80 95.70 6.90 4.87 12.24
JS05-12 15.20 15.70 0.50 0.32 61.53
107.10 118.00 10.90 4.53 1.33
JD05-13 191.20 192.90 1.70 1.09 0.36
200.10 201.20 1.10 0.78 1.07
Wescan is a Canadian-based corporation engaged in the acquisition,
exploration and development of mineral properties. Shore Gold Inc. owns 22% of
Wescan's fully diluted common shares.
"The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release."
>>
For further information: George Sanders, President or Wade MacBain,
Corporate Development at (306) 664-2422
Stock Symbol: WGF: TSX-VEN
SASKATOON, June 2 /CNW/ - George Sanders, President of Wescan Goldfields
Inc. ("Wescan"), is pleased to report that the recently completed diamond
drill program at Wescan's 100% owned Jasper Mine property was successful in
confirming the high grade nature of gold mineralization. Drill hole JS05-11
returned an intersection of 12.24 g/t over 4.87 metres true width. Drill hole
JS05-12 encountered a new structure in the footwall which returned 61.53 g/t
over .32 metres true width. The program also confirmed the nugget effect of
free gold and as a result, all samples were screened for metallics and
analyzed by the visible gold metallics assay method. All holes except JS05-04,
which drilled into a drift, encountered gold values in the shear zone
structure. (See table below)
Thirteen holes were drilled from April 4 to 30 totalling 1,629.7 metres.
The purpose of the program was to confirm the presence of the Jasper Shear
zone around and adjacent to previously mined stopes. Drill holes JS05-01 to
JS05-03 were drilled to test for the possibility of a continuation of
mineralization to the south from the most southerly stopes (1-00 and 2-00) as
well as to test for a possible increase in grade nearby and on the plunge
extension from several drill holes to the south of the stopes.
Drill holes JS05-04 to JS05-08 were drilled to test for the possibility
of a down plunge continuation of the mineralization mined in stope 1-03. Four
holes were completed successfully and intersected the main shear structure
while holes JS05-06 to JS05-08 intersected a second, weaker hanging wall shear
structure. The best assay was reported in hole JS05-07 with 23.85 g/t gold
over 0.71 m true width.
Drill holes JS05-09 to JS05-12 were drilled to test for the possibility
of a down plunge continuation of the mineralization below stope 1-04. Hole
JS05-11 returned the best intersection of all in the main structural zone
assaying 25.36 g/t gold over 1.20 m true width. This intersection is included
in a larger mineralized section assaying 12.24 g/t gold over 4.87 m true
width. Hole JS05-12 does contain a relatively broad zone of mineralization
and, while lying only 25 m below or down dip from the higher grade intercept
in hole JS05-11, indicates very clearly the quick change in grade that may be
encountered in a nuggety or free gold deposit. A narrow (6 cm) high grade
quartz vein with biotite and pyrite rich margins containing visible gold was
cut in hole JS05-12 at 15 m depth. It assayed 61.53 g/t gold over 0.32 m true
width. While narrow at the point of intercept, this structure could be similar
to other Jasper structures that from past experience have been known to swell
to in excess of the historic mining width of 1.5 metres. This zone remains
open below hole JS05-12 as well as to the south and as the orientation of this
high grade intersection is not yet known, additional short holes may be
warranted.
All holes were logged longhand, mineralized intersections split and the
samples submitted to TSL Laboratories Inc. in Saskatoon for analyses. Assaying
included 29 element ICP analysis which shows the gold to be clean and free of
any deleterious elements such as arsenic or antimony. There are no base metals
associated with the gold mineralization.
A program of prospecting other gold showings and occurrences is currently
underway. Wescan plans a drill program at the Jasper Mine to follow up the new
high grade zone as well as to test the known structures at depth down plunge.
It is anticipated that this program will commence in July.
The Jasper Mine is located in the La Ronge gold belt of northern
Saskatchewan. The mine was operated by Cameco Corp. during 1990-91 and
produced 155,000 tons at an average gold grade of 0.54 ounces per ton.
The recently completed drill program was supervised by J. W. Murton; P.
Eng. Mr. Murton is a member of the Association of Professional Engineers and
Geoscientists of the Province of B.C. He is the project Qualified Person in
accordance with National Instrument 43-101 and has reviewed this release.
<<
SIGNIFICANT ASSAYS OF SHEAR ZONE INTERVAL
HOLE No. INTERVAL METALLIC
IN METRES ASSAY
---------------------------------------------------
HOLE LENGTH WIDTH TRUE GOLD
FROM TO WIDTH g/t
JS05-01 61.10 62.50 1.40 0.99 1.92
JS05-02 69.40 73.80 4.40 3.11 2.77
JS05-03 84.50 87.50 3.00 1.72 2.10
JS05-04 Hole aborted
JS05-05 127.40 129.30 1.90 0.95 1.13
JS05-06 129.80 131.70 1.90 1.34 0.29
JS05-07 100.00 101.20 1.20 0.71 23.85
113.70 115.60 1.90 1.34 5.74
JS05-08 115.80 118.00 2.20 1.41 1.21
138.80 139.50 0.70 0.45 4.66
JS05-09 104.70 107.60 2.90 1.45 0.75
JS05-10 79.00 82.00 3.00 2.12 1.29
JS05-11 88.80 95.70 6.90 4.87 12.24
JS05-12 15.20 15.70 0.50 0.32 61.53
107.10 118.00 10.90 4.53 1.33
JD05-13 191.20 192.90 1.70 1.09 0.36
200.10 201.20 1.10 0.78 1.07
Wescan is a Canadian-based corporation engaged in the acquisition,
exploration and development of mineral properties. Shore Gold Inc. owns 22% of
Wescan's fully diluted common shares.
"The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release."
>>
For further information: George Sanders, President or Wade MacBain,
Corporate Development at (306) 664-2422