Owner
Post by Franko10 ™ on May 6, 2008 6:35:47 GMT -5
Continued high grade gold intersected at Jojay
12:51 EDT Thursday, April 10, 2008
Stock Symbol: WGF: TSX-V
SASKATOON, April 10 /CNW/ - Wescan Goldfields Inc. (WGF: TSX-V) (Wescan) is pleased to announce the remaining results from the 2007-2008 winter drill program on the 100 percent owned Jojay Project in the La Ronge Greenstone Belt, located 135 kilometres by road north of La Ronge, Saskatchewan. Significant gold intercepts include:
<<
- 62.50 grams per tonne (g/t) over 1.0 metres (m), including
123.00 g/t over 0.50 m in drill hole JJ08-13
- 30.62 g/t over 1.10 m in drill hole JJ08-20
- 11.71 g/t over 2.40 m, including
17.90 g/t over 1.30m in drill hole JJ08-21
- 25.41 g/t over 1.10 m in drill hole JJ08-22
- 8.39 g/t over 4.30 m, including
18.45 g/t over 1.20 m in drill hole JJ08-22
>>
The 2007-2008 Jojay drill program comprised 6,336 metres of diamond drilling over 22 holes. The northern zones have been extended from 200 metres to 300 metres from surface in step out drill holes JJ08-11, JJ08-13 and JJ08-14. The southern zones were extended from 150 metres to 250 metres from surface in staged step out drill holes JJ07-02, JJ08-04, JJ08-06, JJ08-07, JJ08-19, JJ08-20 and JJ08-21.
Significant uncut gold intercepts for these holes (JJ08-11 to JJ08-22) are reported in the following table. Significant results from holes JJ07-01 to JJ08-10 were previously reported in a news release datedFebruary 29, 2008.
<<
-------------------------------------------------------------------------
True
Drill Hole From (m) To (m) Width (m) Width (m) Au (g/t)
-------------------------------------------------------------------------
JJ08-11 (step-out) 172.70 173.50 0.80 0.66 3.09
-------------------------------------------------------------------------
176.80 177.10 0.30 0.25 16.80
-------------------------------------------------------------------------
254.20 254.50 0.30 0.19 22.70
-------------------------------------------------------------------------
255.30 255.90 0.60 0.39 19.65
-------------------------------------------------------------------------
256.70 257.20 0.50 0.32 9.19
-------------------------------------------------------------------------
307.10 308.70 1.60 1.03 7.18 *
-------------------------------------------------------------------------
incl. 307.10 307.70 0.60 0.39 17.46
-------------------------------------------------------------------------
313.30 314.30 1.00 0.64 4.73
-------------------------------------------------------------------------
316.20 316.60 0.40 0.26 9.98
-------------------------------------------------------------------------
322.70 324.70 2.00 1.29 2.83 *
-------------------------------------------------------------------------
-------------------------------------------------------------------------
JJ08-13 (step-out) 301.10 302.10 1.00 0.50 62.50 *
-------------------------------------------------------------------------
incl. 301.10 301.60 0.50 0.25 123.00
-------------------------------------------------------------------------
313.50 319.90 6.40 3.20 2.93 *
-------------------------------------------------------------------------
incl. 319.60 319.90 0.30 0.15 29.01
-------------------------------------------------------------------------
-------------------------------------------------------------------------
JJ08-14 (step-out) 227.40 228.50 1.10 0.78 10.60 *
-------------------------------------------------------------------------
295.50 295.80 0.30 0.21 7.30
-------------------------------------------------------------------------
355.80 356.80 1.00 0.64 3.00
-------------------------------------------------------------------------
368.60 369.10 0.50 0.32 6.17
-------------------------------------------------------------------------
374.10 374.90 0.80 0.57 3.50
-------------------------------------------------------------------------
378.90 381.90 3.00 1.50 3.77 *
-------------------------------------------------------------------------
incl. 379.90 381.00 1.10 0.55 7.54
-------------------------------------------------------------------------
384.70 386.50 1.80 0.90 2.66 *
-------------------------------------------------------------------------
-------------------------------------------------------------------------
JJ08-17 (in-fill) 251.80 252.80 1.00 0.71 7.06
-------------------------------------------------------------------------
255.80 256.80 1.00 0.71 4.87
-------------------------------------------------------------------------
-------------------------------------------------------------------------
JJ08-18 (in-fill) 110.40 110.95 0.55 0.39 3.84
-------------------------------------------------------------------------
123.90 124.90 1.00 0.71 16.74
-------------------------------------------------------------------------
134.30 135.30 1.00 0.71 9.40
-------------------------------------------------------------------------
139.30 144.30 5.00 3.54 4.57 *
-------------------------------------------------------------------------
incl. 141.30 142.30 1.00 0.71 12.52
-------------------------------------------------------------------------
-------------------------------------------------------------------------
JJ08-19 (step-out) 171.70 174.20 2.50 1.25 2.33 *
-------------------------------------------------------------------------
incl. 183.60 184.10 0.50 0.25 18.31
-------------------------------------------------------------------------
202.00 202.50 0.50 0.25 15.67
-------------------------------------------------------------------------
222.40 227.00 4.60 2.64 5.56 *
-------------------------------------------------------------------------
incl. 225.00 226.00 1.00 0.57 18.55
-------------------------------------------------------------------------
229.00 230.00 1.00 0.57 3.74
-------------------------------------------------------------------------
-------------------------------------------------------------------------
JJ08-20 (step-out) 110.60 111.20 0.60 0.34 5.80
-------------------------------------------------------------------------
232.30 233.00 0.70 0.45 2.85
-------------------------------------------------------------------------
246.30 247.40 1.10 0.71 30.62
-------------------------------------------------------------------------
-------------------------------------------------------------------------
JJ08-21 (step-out) 175.50 176.10 0.60 0.39 5.28
-------------------------------------------------------------------------
240.90 241.40 0.50 0.32 13.79
-------------------------------------------------------------------------
249.60 252.00 2.40 1.54 11.71 *
-------------------------------------------------------------------------
incl. 250.70 252.00 1.30 0.65 17.90
-------------------------------------------------------------------------
255.90 256.60 0.70 0.35 7.17
-------------------------------------------------------------------------
258.70 259.80 1.10 0.55 4.80 *
-------------------------------------------------------------------------
-------------------------------------------------------------------------
JJ08-22 (in-fill) 193.90 195.30 1.40 0.80 12.29 *
-------------------------------------------------------------------------
198.90 200.90 2.00 1.15 3.43 *
-------------------------------------------------------------------------
208.80 209.90 1.10 0.71 25.41
-------------------------------------------------------------------------
213.10 217.40 4.30 2.76 8.39 *
-------------------------------------------------------------------------
incl. 213.10 214.30 1.20 0.77 18.45
-------------------------------------------------------------------------
* Indicates a composite interval calculated as a weighted average
>>
A National Instrument 43-101 compliant technical report and resource estimate is currently scheduled for completion in mid-2008.
Drill core was halved and samples averaging 0.5 to 1.0 metres in length were submitted to TSL Laboratory in Saskatoon, Saskatchewan. Rigorous quality assurance and quality control procedures have been implemented including the use of blanks, standards and duplicates. Core samples were analyzed by a 30 gram gold fire assay with an atomic absorption and gravimetric finish.
Gold exploration programs are conducted under the direction of Judy Stoeterau, P.Geo., President of Wescan and a qualified person as defined by NI 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".
"The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release."
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 harbor" provisions of the Ontario Securities Act and theUnited States Private Securities Litigation Reform Act of 1995. Wescan may make such statements in this press release, in other filings with Canadian regulators or theUnited 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.
%SEDAR: 00021049E
For further information: Darren Anderson, Investor Relations or Kirsten Marcia, Vice President of Exploration at (306) 664-2422
12:51 EDT Thursday, April 10, 2008
Stock Symbol: WGF: TSX-V
SASKATOON, April 10 /CNW/ - Wescan Goldfields Inc. (WGF: TSX-V) (Wescan) is pleased to announce the remaining results from the 2007-2008 winter drill program on the 100 percent owned Jojay Project in the La Ronge Greenstone Belt, located 135 kilometres by road north of La Ronge, Saskatchewan. Significant gold intercepts include:
<<
- 62.50 grams per tonne (g/t) over 1.0 metres (m), including
123.00 g/t over 0.50 m in drill hole JJ08-13
- 30.62 g/t over 1.10 m in drill hole JJ08-20
- 11.71 g/t over 2.40 m, including
17.90 g/t over 1.30m in drill hole JJ08-21
- 25.41 g/t over 1.10 m in drill hole JJ08-22
- 8.39 g/t over 4.30 m, including
18.45 g/t over 1.20 m in drill hole JJ08-22
>>
The 2007-2008 Jojay drill program comprised 6,336 metres of diamond drilling over 22 holes. The northern zones have been extended from 200 metres to 300 metres from surface in step out drill holes JJ08-11, JJ08-13 and JJ08-14. The southern zones were extended from 150 metres to 250 metres from surface in staged step out drill holes JJ07-02, JJ08-04, JJ08-06, JJ08-07, JJ08-19, JJ08-20 and JJ08-21.
Significant uncut gold intercepts for these holes (JJ08-11 to JJ08-22) are reported in the following table. Significant results from holes JJ07-01 to JJ08-10 were previously reported in a news release datedFebruary 29, 2008.
<<
-------------------------------------------------------------------------
True
Drill Hole From (m) To (m) Width (m) Width (m) Au (g/t)
-------------------------------------------------------------------------
JJ08-11 (step-out) 172.70 173.50 0.80 0.66 3.09
-------------------------------------------------------------------------
176.80 177.10 0.30 0.25 16.80
-------------------------------------------------------------------------
254.20 254.50 0.30 0.19 22.70
-------------------------------------------------------------------------
255.30 255.90 0.60 0.39 19.65
-------------------------------------------------------------------------
256.70 257.20 0.50 0.32 9.19
-------------------------------------------------------------------------
307.10 308.70 1.60 1.03 7.18 *
-------------------------------------------------------------------------
incl. 307.10 307.70 0.60 0.39 17.46
-------------------------------------------------------------------------
313.30 314.30 1.00 0.64 4.73
-------------------------------------------------------------------------
316.20 316.60 0.40 0.26 9.98
-------------------------------------------------------------------------
322.70 324.70 2.00 1.29 2.83 *
-------------------------------------------------------------------------
-------------------------------------------------------------------------
JJ08-13 (step-out) 301.10 302.10 1.00 0.50 62.50 *
-------------------------------------------------------------------------
incl. 301.10 301.60 0.50 0.25 123.00
-------------------------------------------------------------------------
313.50 319.90 6.40 3.20 2.93 *
-------------------------------------------------------------------------
incl. 319.60 319.90 0.30 0.15 29.01
-------------------------------------------------------------------------
-------------------------------------------------------------------------
JJ08-14 (step-out) 227.40 228.50 1.10 0.78 10.60 *
-------------------------------------------------------------------------
295.50 295.80 0.30 0.21 7.30
-------------------------------------------------------------------------
355.80 356.80 1.00 0.64 3.00
-------------------------------------------------------------------------
368.60 369.10 0.50 0.32 6.17
-------------------------------------------------------------------------
374.10 374.90 0.80 0.57 3.50
-------------------------------------------------------------------------
378.90 381.90 3.00 1.50 3.77 *
-------------------------------------------------------------------------
incl. 379.90 381.00 1.10 0.55 7.54
-------------------------------------------------------------------------
384.70 386.50 1.80 0.90 2.66 *
-------------------------------------------------------------------------
-------------------------------------------------------------------------
JJ08-17 (in-fill) 251.80 252.80 1.00 0.71 7.06
-------------------------------------------------------------------------
255.80 256.80 1.00 0.71 4.87
-------------------------------------------------------------------------
-------------------------------------------------------------------------
JJ08-18 (in-fill) 110.40 110.95 0.55 0.39 3.84
-------------------------------------------------------------------------
123.90 124.90 1.00 0.71 16.74
-------------------------------------------------------------------------
134.30 135.30 1.00 0.71 9.40
-------------------------------------------------------------------------
139.30 144.30 5.00 3.54 4.57 *
-------------------------------------------------------------------------
incl. 141.30 142.30 1.00 0.71 12.52
-------------------------------------------------------------------------
-------------------------------------------------------------------------
JJ08-19 (step-out) 171.70 174.20 2.50 1.25 2.33 *
-------------------------------------------------------------------------
incl. 183.60 184.10 0.50 0.25 18.31
-------------------------------------------------------------------------
202.00 202.50 0.50 0.25 15.67
-------------------------------------------------------------------------
222.40 227.00 4.60 2.64 5.56 *
-------------------------------------------------------------------------
incl. 225.00 226.00 1.00 0.57 18.55
-------------------------------------------------------------------------
229.00 230.00 1.00 0.57 3.74
-------------------------------------------------------------------------
-------------------------------------------------------------------------
JJ08-20 (step-out) 110.60 111.20 0.60 0.34 5.80
-------------------------------------------------------------------------
232.30 233.00 0.70 0.45 2.85
-------------------------------------------------------------------------
246.30 247.40 1.10 0.71 30.62
-------------------------------------------------------------------------
-------------------------------------------------------------------------
JJ08-21 (step-out) 175.50 176.10 0.60 0.39 5.28
-------------------------------------------------------------------------
240.90 241.40 0.50 0.32 13.79
-------------------------------------------------------------------------
249.60 252.00 2.40 1.54 11.71 *
-------------------------------------------------------------------------
incl. 250.70 252.00 1.30 0.65 17.90
-------------------------------------------------------------------------
255.90 256.60 0.70 0.35 7.17
-------------------------------------------------------------------------
258.70 259.80 1.10 0.55 4.80 *
-------------------------------------------------------------------------
-------------------------------------------------------------------------
JJ08-22 (in-fill) 193.90 195.30 1.40 0.80 12.29 *
-------------------------------------------------------------------------
198.90 200.90 2.00 1.15 3.43 *
-------------------------------------------------------------------------
208.80 209.90 1.10 0.71 25.41
-------------------------------------------------------------------------
213.10 217.40 4.30 2.76 8.39 *
-------------------------------------------------------------------------
incl. 213.10 214.30 1.20 0.77 18.45
-------------------------------------------------------------------------
* Indicates a composite interval calculated as a weighted average
>>
A National Instrument 43-101 compliant technical report and resource estimate is currently scheduled for completion in mid-2008.
Drill core was halved and samples averaging 0.5 to 1.0 metres in length were submitted to TSL Laboratory in Saskatoon, Saskatchewan. Rigorous quality assurance and quality control procedures have been implemented including the use of blanks, standards and duplicates. Core samples were analyzed by a 30 gram gold fire assay with an atomic absorption and gravimetric finish.
Gold exploration programs are conducted under the direction of Judy Stoeterau, P.Geo., President of Wescan and a qualified person as defined by NI 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".
"The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release."
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 harbor" provisions of the Ontario Securities Act and theUnited States Private Securities Litigation Reform Act of 1995. Wescan may make such statements in this press release, in other filings with Canadian regulators or theUnited 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.
%SEDAR: 00021049E
For further information: Darren Anderson, Investor Relations or Kirsten Marcia, Vice President of Exploration at (306) 664-2422
