Owner
Post by Franko10 ™ on Aug 18, 2005 11:12:05 GMT -5
Wescan commences Phase II Drilling at Jasper
Stock Symbol: WGF: TSX-VEN
SASKATOON, SK, Aug. 18 /CNW/ - George Sanders, President of Wescan Goldfields Inc. (Wescan), is pleased to report that diamond drilling has again commenced at the former Jasper gold mine on the Company's 100% owned Fork Lake property. The Fork Lake property is situated in the La Ronge - Lynn Lake greenstone belt in Northern Saskatchewan and the Jasper Mine is one of three former gold producers in the belt.
Encouraged by the results of the 1600 metre confirmation drill program in April, Wescan plans an expanded eight hole program (Phase II) totalling a maximum of 3600 metres. The program is designed to test for the continuation of the high-grade gold mineralization to the north of the Jasper Mine and to greater depths. In the vicinity of the planned program, drill intersections of up to 31 g/t over a true width of 2.5 metres within a gold-hosting shear zone have been reported. Confirmation drilling in April was highlighted by an intersection of 12.24 g/t over a true width of 4.87 metres in hole JS05-11 and a new zone grading 61.53 g/t over a true width of .32 metres in hole JS05-12 (reported in news release dated June 2, 2005).
One hole will be drilled under Broeder Lake to a true depth of about 250 metres to test for the continuation of gold mineralization hosted in a parallel mineralized shear zone (called the DMZ by previous operators) that occurs approximately 400 metres to the east of the main gold-hosting shear zone at Jasper.
The Jasper Mine was operated by Cameco Corporation (Cameco) during 1990-91. The ore zone was accessed by a ramp and mined on three levels to a maximum depth of 165 metres. Ore was trucked for processing at Cameco's Star Lake Mill approximately five kilometres away. The mine produced 155,000 tons at a grade of 0.54 ounces gold per ton. Historic drilling intersected ore values around stoped areas as well as down dip, down plunge, and along strike and Wescan's geologic consultants have confirmed that targets exist beyond the areas of limited mining.
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, SK, Aug. 18 /CNW/ - George Sanders, President of Wescan Goldfields Inc. (Wescan), is pleased to report that diamond drilling has again commenced at the former Jasper gold mine on the Company's 100% owned Fork Lake property. The Fork Lake property is situated in the La Ronge - Lynn Lake greenstone belt in Northern Saskatchewan and the Jasper Mine is one of three former gold producers in the belt.
Encouraged by the results of the 1600 metre confirmation drill program in April, Wescan plans an expanded eight hole program (Phase II) totalling a maximum of 3600 metres. The program is designed to test for the continuation of the high-grade gold mineralization to the north of the Jasper Mine and to greater depths. In the vicinity of the planned program, drill intersections of up to 31 g/t over a true width of 2.5 metres within a gold-hosting shear zone have been reported. Confirmation drilling in April was highlighted by an intersection of 12.24 g/t over a true width of 4.87 metres in hole JS05-11 and a new zone grading 61.53 g/t over a true width of .32 metres in hole JS05-12 (reported in news release dated June 2, 2005).
One hole will be drilled under Broeder Lake to a true depth of about 250 metres to test for the continuation of gold mineralization hosted in a parallel mineralized shear zone (called the DMZ by previous operators) that occurs approximately 400 metres to the east of the main gold-hosting shear zone at Jasper.
The Jasper Mine was operated by Cameco Corporation (Cameco) during 1990-91. The ore zone was accessed by a ramp and mined on three levels to a maximum depth of 165 metres. Ore was trucked for processing at Cameco's Star Lake Mill approximately five kilometres away. The mine produced 155,000 tons at a grade of 0.54 ounces gold per ton. Historic drilling intersected ore values around stoped areas as well as down dip, down plunge, and along strike and Wescan's geologic consultants have confirmed that targets exist beyond the areas of limited mining.
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.
