Post by Franko10 ™ on Apr 8, 2006 17:06:32 GMT -5
Phase III Drilling at Jasper extends DJ Zone and identifies two new zones
Stock Symbol: WGF: TSX-VEN
SASKATOON, SK, April 7 /CNW/ - Wescan Goldfields Inc. ("Wescan") is
pleased to report that recent drilling on the Jasper project, located in the
La Ronge gold belt of Saskatchewan has confirmed the continuation of the Deep
Jasper (DJ) Zone to the north of the former mine workings. Two of the three
completed drill holes that targeted the DJ zone have significant gold
intersections (see below for assay results) and these positive results
indicate that the DJ Zone extends for at least another 50 meters in strike
length from what was previously reported. The DJ zone has now been tested by
wide spaced drilling over a strike length of 250 metres and over a vertical
distance of 250 metres. This drilling phase also intersected two gold-rich
footwall zones (JN Footwall Zone and the JN East Zone). These two new zones
are parallel to and occur approximately 75 and 150 meters (respectively) to
the east of the DJ Zone (see below for assay results) and represent additional
future exploration targets.
The phase III drill program also tested the south strike continuation of
a gold mineralized outcrop which assayed 23.36 g/t Au discovered during last
years prospecting program at the northern tip of Damnation Lake. The outcrop
occurs approximately 1.6 km northwest of the former Jasper Mine. Drill holes
DL-06-03 and DL-06-09 intersected significant gold mineralization to a
distance of approximately 900 meters south of the outcrop. This zone (the
Transect Zone) represents a regional northeast lineament that transects
intrusive and volcanic rocks and is spatially associated with the previously
identified Joyce, Transom Central, Transom West, Boulder and Lost Bay Linear
gold showings over a 7-10 kilometre strike length.
In addition, one drill hole, JS-05-21B, tested the DMZ zone, a structure
located 400 metres East of the Jasper shear, at approximately 200 meters depth
and intersected a 127 meter interval that hosts several shear zones with local
quartz veining, up to 0.15% copper and is locally anomalous with gold.
Exploration Manager, Frank Hrdy, states: "The DJ Zone has proven to be
continuous and predictable, hosting significant gold mineralization in
practically every drill hole. The character of the mineralization and the
drill-delineated size of the current resource is similar to what was mined at
Jasper. The new footwall zones occur near surface and have a similar character
as the Jasper (and DJ) mineralization. Multiple gold zones are common in this
type of gold deposit and their presence confirms our geological model and
shows that the potential of this gold deposit has not yet been realized.
I am also very excited about the potential of the Transect Zone to host a
major gold deposit. The results of this drill program have provided evidence
that many of the previously identified gold zones on the property are actually
part of this one very large system that is at least 7 kilometres long and has
had minimal exploration. The Transect zone represents an excellent target for
Wescan."
<<
HIGHLIGHTS OF PHASE III DRILL PROGRAM - DEEP JASPER ZONE ("DJ ZONE")
-------------------------------------------------------------------------
JS-05-23
-------------------------------------------------------------------------
Significant Assays: From (m) To (m) Core Length (m) Grade (g/t)
-------------------------------------------------------------------------
JN East Zone 105.25 105.55 0.30 3.16 Au
-------------------------------------------------------------------------
105.55 105.85 0.30 12.53 Au
-------------------------------------------------------------------------
JN Footwall Zone 319.70 320.10 0.40 16.20 Au
-------------------------------------------------------------------------
DJ Zone 546.20 546.60 0.40 12.84 Au
-------------------------------------------------------------------------
547.25 547.70 0.45 28.16 Au
-------------------------------------------------------------------------
549.80 550.10 0.30 32.99 Au
-------------------------------------------------------------------------
550.10 551.60 1.50 3.06 Au
-------------------------------------------------------------------------
JS-06-28
-------------------------------------------------------------------------
Significant Assays: From (m) To (m) Core Length (m) Grade (g/t)
-------------------------------------------------------------------------
JN East Zone 101.0 101.90 0.90 15.75 Au
-------------------------------------------------------------------------
JN Footwall Zone 324.30 325.0 0.70 13.89 Au
-------------------------------------------------------------------------
DJ Zone 523.30 523.90 0.60 7.94 Au
-------------------------------------------------------------------------
HIGHLIGHTS OF PHASE III DRILL PROGRAM - TRANSECT ZONE
-------------------------------------------------------------------------
Grab Sample
811911
-------------------------------------------------------------------------
Significant Assays: From (m) To (m) Core Length (m) Grade (g/t)
-------------------------------------------------------------------------
N/A N/A 1.0 m 23.36 Au
-------------------------------------------------------------------------
DL-06-03
-------------------------------------------------------------------------
Significant Assays: From (m) To (m) Core Length (m) Grade (g/t)
-------------------------------------------------------------------------
107.30 108.30 1.0 12.07 Au
-------------------------------------------------------------------------
108.30 109.30 1.0 0.25 Au
-------------------------------------------------------------------------
109.30 110.30 1.0 0.30 Au
-------------------------------------------------------------------------
DL-06-09
-------------------------------------------------------------------------
Significant Assays: From (m) To (m) Core Length (m) Grade (g/t)
-------------------------------------------------------------------------
314.30 315.0 0.70 7.55 Au
-------------------------------------------------------------------------
SUMMARY OF OTHER DRILL HOLES FROM THE PHASE III DRILL PROGRAM
-------------------------------------------------------------------------
JS-05-21B
-------------------------------------------------------------------------
From (m) To (m) Core Length (m) Grade (g/t)
-------------------------------------------------------------------------
417.25 418.60 1.35 0.78 Au
-------------------------------------------------------------------------
496.82 497.12 0.30 1.06 Au,
0.15% Cu
-------------------------------------------------------------------------
JS-05-22 Not Complete
-------------------------------------------------------------------------
From (m) To (m) Core Length (m) Grade (g/t)
-------------------------------------------------------------------------
479.90 480.40 0.50 1.16 Au
-------------------------------------------------------------------------
480.40 480.85 0.45 2.24 Au
-------------------------------------------------------------------------
480.85 481.50 0.65 2.03 Au
-------------------------------------------------------------------------
530.45 530.75 0.30 2.76 Au
-------------------------------------------------------------------------
JS-05-26A
-------------------------------------------------------------------------
From (m) To (m) Core Length (m) Grade (g/t)
-------------------------------------------------------------------------
429.40 429.85 0.45 3.82 Au
-------------------------------------------------------------------------
430.35 430.85 0.50 1.12 Au
-------------------------------------------------------------------------
JS-06-27
-------------------------------------------------------------------------
From (m) To (m) Core Length (m) Grade (g/t)
-------------------------------------------------------------------------
677.0 677.50 0.50 2.29 Au
-------------------------------------------------------------------------
--------------------------------------------------------------------
DL-06-01 No significant results.
--------------------------------------------------------------------
DL-06-02 Weakly anomalous in Au.
--------------------------------------------------------------------
DL-06-04 No significant results.
--------------------------------------------------------------------
DL-06-05 No significant results
--------------------------------------------------------------------
DL-06-06 Weakly anomalous in Au and local native copper.
--------------------------------------------------------------------
DL-06-07 Weakly anomalous in Au.
--------------------------------------------------------------------
DL-06-08 Minor local native copper.
--------------------------------------------------------------------
DL-06-10 No significant results.
--------------------------------------------------------------------
DL-06-11 No significant results.
--------------------------------------------------------------------
Note: Intersections are reported as down-hole lengths and do not
represent true widths of the zones.
Several drill holes that targeted the DJ, Main Jasper, and Transect Zones
are in process and will be reported at a later date.
Assaying was completed at TSL Laboratories Inc. in Saskatoon,
Saskatchewan.
The diamond drill program was designed, supervised and reported on by
Frank Hrdy, MSc., MBA, P.Geo., Wescan's Exploration Manager. Mr. Hrdy is a
member of the Association of Professional Engineers and Geoscientists in the
Provinces of Saskatchewan and Manitoba and pending in Ontario. He has reviewed
this News Release and is a Qualified Person in accordance with National
Instrument 43-101.
Wescan is a Canadian based corporation engaged in the acquisition,
exploration and development of mineral properties. Shares of the Company trade
on the TSX Venture Exchange under the trading symbol "WGF"
Caution Regarding Forward-Looking Statements
From time to time, Wescan makes written or oral forward-looking
statements within the meaning of certain securities laws, including the "safe
harbour" provisions of the Ontario Securities Act and the United States
Private Securities Litigation Reform Act of 1995. Wescan may make such
statements in this press release, in other filings with Canadian regulators or
the United States Securities and Exchange Commission, in reports to
shareholders or in other communications. These forward-looking statements
include, among others, statements with respect to Wescan's objectives for the
ensuing year, our medium and long-term goals, and strategies to achieve those
objectives and goals, as well as statements with respect to our beliefs,
plans, objectives, expectations, anticipations, estimates and intentions. The
words "may," "could," "should," "would," "suspect," "outlook," "believe,"
"plan," "anticipate," "estimate," "expect," "intend," and words and
expressions of similar import are intended to identify forward-looking
statements. In particular, statements regarding Wescan's future operations,
future exploration and development activities or other development plans
contain forward-looking statements.
All forward-looking statements and information are based on Wescan's
current beliefs as well as assumptions made by and information currently
available to Wescan concerning anticipated financial performance, business
prospects, strategies, regulatory developments, development plans,
exploration, development and mining activities and commitments. Although
management considers these assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect.
By their very nature, forward-looking statements involve inherent risks
and uncertainties, both general and specific, and risks exist that
predictions, forecasts, projections and other forward-looking statements will
not be achieved. We caution readers not to place undue reliance on these
statements as a number of important factors could cause the actual results to
differ materially from the beliefs, plans, objectives, expectations,
anticipations, estimates and intentions expressed in such forward-looking
statements. These factors include, but are not limited to, developments in
world gold markets, risks relating to fluctuations in the Canadian dollar and
other currencies relative to the US dollar, changes in exploration,
development or mining plans due to exploration results and changing budget
priorities of Wescan or its joint venture partners; the effects of competition
in the markets in which Wescan operates; the impact of changes in the laws and
regulations regulating mining exploration and development; judicial or
regulatory judgments and legal proceedings; operational and infrastructure
risks and the additional risks described in Wescan's most recently filed
annual and interim MD&A and Wescan's anticipation of and success in managing
the foregoing risks.
Wescan cautions that the foregoing list of factors that may affect future
results is not exhaustive. When relying on our forward-looking statements to
make decisions with respect to Wescan, investors and others should carefully
consider the foregoing factors and other uncertainties and potential events.
Wescan does not undertake to update any forward-looking statement, whether
written or oral, that may be made from time to time by Wescan or on our
behalf.
For further information: Mr. Moe Lindsay, President or Wade MacBain,
Corporate Development at (306) 664-2422.
Stock Symbol: WGF: TSX-VEN
SASKATOON, SK, April 7 /CNW/ - Wescan Goldfields Inc. ("Wescan") is
pleased to report that recent drilling on the Jasper project, located in the
La Ronge gold belt of Saskatchewan has confirmed the continuation of the Deep
Jasper (DJ) Zone to the north of the former mine workings. Two of the three
completed drill holes that targeted the DJ zone have significant gold
intersections (see below for assay results) and these positive results
indicate that the DJ Zone extends for at least another 50 meters in strike
length from what was previously reported. The DJ zone has now been tested by
wide spaced drilling over a strike length of 250 metres and over a vertical
distance of 250 metres. This drilling phase also intersected two gold-rich
footwall zones (JN Footwall Zone and the JN East Zone). These two new zones
are parallel to and occur approximately 75 and 150 meters (respectively) to
the east of the DJ Zone (see below for assay results) and represent additional
future exploration targets.
The phase III drill program also tested the south strike continuation of
a gold mineralized outcrop which assayed 23.36 g/t Au discovered during last
years prospecting program at the northern tip of Damnation Lake. The outcrop
occurs approximately 1.6 km northwest of the former Jasper Mine. Drill holes
DL-06-03 and DL-06-09 intersected significant gold mineralization to a
distance of approximately 900 meters south of the outcrop. This zone (the
Transect Zone) represents a regional northeast lineament that transects
intrusive and volcanic rocks and is spatially associated with the previously
identified Joyce, Transom Central, Transom West, Boulder and Lost Bay Linear
gold showings over a 7-10 kilometre strike length.
In addition, one drill hole, JS-05-21B, tested the DMZ zone, a structure
located 400 metres East of the Jasper shear, at approximately 200 meters depth
and intersected a 127 meter interval that hosts several shear zones with local
quartz veining, up to 0.15% copper and is locally anomalous with gold.
Exploration Manager, Frank Hrdy, states: "The DJ Zone has proven to be
continuous and predictable, hosting significant gold mineralization in
practically every drill hole. The character of the mineralization and the
drill-delineated size of the current resource is similar to what was mined at
Jasper. The new footwall zones occur near surface and have a similar character
as the Jasper (and DJ) mineralization. Multiple gold zones are common in this
type of gold deposit and their presence confirms our geological model and
shows that the potential of this gold deposit has not yet been realized.
I am also very excited about the potential of the Transect Zone to host a
major gold deposit. The results of this drill program have provided evidence
that many of the previously identified gold zones on the property are actually
part of this one very large system that is at least 7 kilometres long and has
had minimal exploration. The Transect zone represents an excellent target for
Wescan."
<<
HIGHLIGHTS OF PHASE III DRILL PROGRAM - DEEP JASPER ZONE ("DJ ZONE")
-------------------------------------------------------------------------
JS-05-23
-------------------------------------------------------------------------
Significant Assays: From (m) To (m) Core Length (m) Grade (g/t)
-------------------------------------------------------------------------
JN East Zone 105.25 105.55 0.30 3.16 Au
-------------------------------------------------------------------------
105.55 105.85 0.30 12.53 Au
-------------------------------------------------------------------------
JN Footwall Zone 319.70 320.10 0.40 16.20 Au
-------------------------------------------------------------------------
DJ Zone 546.20 546.60 0.40 12.84 Au
-------------------------------------------------------------------------
547.25 547.70 0.45 28.16 Au
-------------------------------------------------------------------------
549.80 550.10 0.30 32.99 Au
-------------------------------------------------------------------------
550.10 551.60 1.50 3.06 Au
-------------------------------------------------------------------------
JS-06-28
-------------------------------------------------------------------------
Significant Assays: From (m) To (m) Core Length (m) Grade (g/t)
-------------------------------------------------------------------------
JN East Zone 101.0 101.90 0.90 15.75 Au
-------------------------------------------------------------------------
JN Footwall Zone 324.30 325.0 0.70 13.89 Au
-------------------------------------------------------------------------
DJ Zone 523.30 523.90 0.60 7.94 Au
-------------------------------------------------------------------------
HIGHLIGHTS OF PHASE III DRILL PROGRAM - TRANSECT ZONE
-------------------------------------------------------------------------
Grab Sample
811911
-------------------------------------------------------------------------
Significant Assays: From (m) To (m) Core Length (m) Grade (g/t)
-------------------------------------------------------------------------
N/A N/A 1.0 m 23.36 Au
-------------------------------------------------------------------------
DL-06-03
-------------------------------------------------------------------------
Significant Assays: From (m) To (m) Core Length (m) Grade (g/t)
-------------------------------------------------------------------------
107.30 108.30 1.0 12.07 Au
-------------------------------------------------------------------------
108.30 109.30 1.0 0.25 Au
-------------------------------------------------------------------------
109.30 110.30 1.0 0.30 Au
-------------------------------------------------------------------------
DL-06-09
-------------------------------------------------------------------------
Significant Assays: From (m) To (m) Core Length (m) Grade (g/t)
-------------------------------------------------------------------------
314.30 315.0 0.70 7.55 Au
-------------------------------------------------------------------------
SUMMARY OF OTHER DRILL HOLES FROM THE PHASE III DRILL PROGRAM
-------------------------------------------------------------------------
JS-05-21B
-------------------------------------------------------------------------
From (m) To (m) Core Length (m) Grade (g/t)
-------------------------------------------------------------------------
417.25 418.60 1.35 0.78 Au
-------------------------------------------------------------------------
496.82 497.12 0.30 1.06 Au,
0.15% Cu
-------------------------------------------------------------------------
JS-05-22 Not Complete
-------------------------------------------------------------------------
From (m) To (m) Core Length (m) Grade (g/t)
-------------------------------------------------------------------------
479.90 480.40 0.50 1.16 Au
-------------------------------------------------------------------------
480.40 480.85 0.45 2.24 Au
-------------------------------------------------------------------------
480.85 481.50 0.65 2.03 Au
-------------------------------------------------------------------------
530.45 530.75 0.30 2.76 Au
-------------------------------------------------------------------------
JS-05-26A
-------------------------------------------------------------------------
From (m) To (m) Core Length (m) Grade (g/t)
-------------------------------------------------------------------------
429.40 429.85 0.45 3.82 Au
-------------------------------------------------------------------------
430.35 430.85 0.50 1.12 Au
-------------------------------------------------------------------------
JS-06-27
-------------------------------------------------------------------------
From (m) To (m) Core Length (m) Grade (g/t)
-------------------------------------------------------------------------
677.0 677.50 0.50 2.29 Au
-------------------------------------------------------------------------
--------------------------------------------------------------------
DL-06-01 No significant results.
--------------------------------------------------------------------
DL-06-02 Weakly anomalous in Au.
--------------------------------------------------------------------
DL-06-04 No significant results.
--------------------------------------------------------------------
DL-06-05 No significant results
--------------------------------------------------------------------
DL-06-06 Weakly anomalous in Au and local native copper.
--------------------------------------------------------------------
DL-06-07 Weakly anomalous in Au.
--------------------------------------------------------------------
DL-06-08 Minor local native copper.
--------------------------------------------------------------------
DL-06-10 No significant results.
--------------------------------------------------------------------
DL-06-11 No significant results.
--------------------------------------------------------------------
Note: Intersections are reported as down-hole lengths and do not
represent true widths of the zones.
Several drill holes that targeted the DJ, Main Jasper, and Transect Zones
are in process and will be reported at a later date.
Assaying was completed at TSL Laboratories Inc. in Saskatoon,
Saskatchewan.
The diamond drill program was designed, supervised and reported on by
Frank Hrdy, MSc., MBA, P.Geo., Wescan's Exploration Manager. Mr. Hrdy is a
member of the Association of Professional Engineers and Geoscientists in the
Provinces of Saskatchewan and Manitoba and pending in Ontario. He has reviewed
this News Release and is a Qualified Person in accordance with National
Instrument 43-101.
Wescan is a Canadian based corporation engaged in the acquisition,
exploration and development of mineral properties. Shares of the Company trade
on the TSX Venture Exchange under the trading symbol "WGF"
Caution Regarding Forward-Looking Statements
From time to time, Wescan makes written or oral forward-looking
statements within the meaning of certain securities laws, including the "safe
harbour" provisions of the Ontario Securities Act and the United States
Private Securities Litigation Reform Act of 1995. Wescan may make such
statements in this press release, in other filings with Canadian regulators or
the United States Securities and Exchange Commission, in reports to
shareholders or in other communications. These forward-looking statements
include, among others, statements with respect to Wescan's objectives for the
ensuing year, our medium and long-term goals, and strategies to achieve those
objectives and goals, as well as statements with respect to our beliefs,
plans, objectives, expectations, anticipations, estimates and intentions. The
words "may," "could," "should," "would," "suspect," "outlook," "believe,"
"plan," "anticipate," "estimate," "expect," "intend," and words and
expressions of similar import are intended to identify forward-looking
statements. In particular, statements regarding Wescan's future operations,
future exploration and development activities or other development plans
contain forward-looking statements.
All forward-looking statements and information are based on Wescan's
current beliefs as well as assumptions made by and information currently
available to Wescan concerning anticipated financial performance, business
prospects, strategies, regulatory developments, development plans,
exploration, development and mining activities and commitments. Although
management considers these assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect.
By their very nature, forward-looking statements involve inherent risks
and uncertainties, both general and specific, and risks exist that
predictions, forecasts, projections and other forward-looking statements will
not be achieved. We caution readers not to place undue reliance on these
statements as a number of important factors could cause the actual results to
differ materially from the beliefs, plans, objectives, expectations,
anticipations, estimates and intentions expressed in such forward-looking
statements. These factors include, but are not limited to, developments in
world gold markets, risks relating to fluctuations in the Canadian dollar and
other currencies relative to the US dollar, changes in exploration,
development or mining plans due to exploration results and changing budget
priorities of Wescan or its joint venture partners; the effects of competition
in the markets in which Wescan operates; the impact of changes in the laws and
regulations regulating mining exploration and development; judicial or
regulatory judgments and legal proceedings; operational and infrastructure
risks and the additional risks described in Wescan's most recently filed
annual and interim MD&A and Wescan's anticipation of and success in managing
the foregoing risks.
Wescan cautions that the foregoing list of factors that may affect future
results is not exhaustive. When relying on our forward-looking statements to
make decisions with respect to Wescan, investors and others should carefully
consider the foregoing factors and other uncertainties and potential events.
Wescan does not undertake to update any forward-looking statement, whether
written or oral, that may be made from time to time by Wescan or on our
behalf.
For further information: Mr. Moe Lindsay, President or Wade MacBain,
Corporate Development at (306) 664-2422.