Post by Franko10 ™ on Jun 24, 2005 14:31:10 GMT -5
Wescan and Claude commence drilling on Jojay gold deposit
Stock Symbol: WGF: TSX-VEN
SASKATOON, June 24 /CNW/ - George Sanders, President of Wescan Goldfields
Inc. ("Wescan") is pleased to report that diamond drilling has commenced on
the Jojay gold deposit. The Company holds a 25% joint venture interest with
Claude Resources Inc. ("Claude") holding the balance. Wescan is the operator.
The Jojay deposit is situated in the La Ronge - Lynn Lake Greenstone Belt in
northern Saskatchewan.
Several phases of exploration drilling totalling over 12,000 metres have
been conducted by previous operators including Claude, Cameco Corp. and its
predecessor company S.M.D.C, and by Cominco Ltd. Gold mineralization typically
occurs in shear zones situated near or at a sediment-volcanic lithological
contact. Five separate gold zones have been identified by previous drilling
and existing glacial till anomalies due south of the deposit indicate there
may be other gold zones that have not yet been uncovered. Most of the zones
remain open along strike and down plunge. As noted in a June 2003 project
summary by independent geologic consultants A.C.A. Howe International Limited,
a preliminary analysis in 1987 by Kilborn Engineering reports an inferred
resource of 750,000 tons at a grade of 0.24 oz per ton. This resource was
later refined to a National Policy 2A-compliant geological reserve of
313,000 tons at 0.264 oz per ton to 150 metre depth (cross-sectional polygonal
method, 1.2 metre mining width, 0.10 oz/ton cut off). This historic data
together with information from the current drill program will be reanalysed
with a view to generating a NI43-101 compliant resource/reserve calculation.
The current program consists of six diamond drill holes totalling
1,270 metres. The program is designed to upgrade the confidence level of
certain portions of the "Red Zone" (the most significant zone to date) and to
test down plunge extensions. The drill holes are also designed to test the
nature and extent of gold mineralization found in the vicinity of the Gnat
Lake Fault.
Mr. Frank Hrdy, P. Geo., Wescan's Exploration Manger is the Qualified
Person in accordance with NI43-101 and has reviewed this news release.
Wescan is a Canadian based Company 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: please contact: George Sanders, President or
Wade MacBain, Corporate Development at (306) 664-2422
Stock Symbol: WGF: TSX-VEN
SASKATOON, June 24 /CNW/ - George Sanders, President of Wescan Goldfields
Inc. ("Wescan") is pleased to report that diamond drilling has commenced on
the Jojay gold deposit. The Company holds a 25% joint venture interest with
Claude Resources Inc. ("Claude") holding the balance. Wescan is the operator.
The Jojay deposit is situated in the La Ronge - Lynn Lake Greenstone Belt in
northern Saskatchewan.
Several phases of exploration drilling totalling over 12,000 metres have
been conducted by previous operators including Claude, Cameco Corp. and its
predecessor company S.M.D.C, and by Cominco Ltd. Gold mineralization typically
occurs in shear zones situated near or at a sediment-volcanic lithological
contact. Five separate gold zones have been identified by previous drilling
and existing glacial till anomalies due south of the deposit indicate there
may be other gold zones that have not yet been uncovered. Most of the zones
remain open along strike and down plunge. As noted in a June 2003 project
summary by independent geologic consultants A.C.A. Howe International Limited,
a preliminary analysis in 1987 by Kilborn Engineering reports an inferred
resource of 750,000 tons at a grade of 0.24 oz per ton. This resource was
later refined to a National Policy 2A-compliant geological reserve of
313,000 tons at 0.264 oz per ton to 150 metre depth (cross-sectional polygonal
method, 1.2 metre mining width, 0.10 oz/ton cut off). This historic data
together with information from the current drill program will be reanalysed
with a view to generating a NI43-101 compliant resource/reserve calculation.
The current program consists of six diamond drill holes totalling
1,270 metres. The program is designed to upgrade the confidence level of
certain portions of the "Red Zone" (the most significant zone to date) and to
test down plunge extensions. The drill holes are also designed to test the
nature and extent of gold mineralization found in the vicinity of the Gnat
Lake Fault.
Mr. Frank Hrdy, P. Geo., Wescan's Exploration Manger is the Qualified
Person in accordance with NI43-101 and has reviewed this news release.
Wescan is a Canadian based Company 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: please contact: George Sanders, President or
Wade MacBain, Corporate Development at (306) 664-2422