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2008 exploration program identifies new targets and confirms strong gold system at Mud Lake
Stock Symbol: WGF: TSX-V SASKATOON, Dec. 11 /CNW/ - Wescan Goldfield Inc. ("Wescan") and its Join...
About this update from Wescan Goldfields Inc.
[{"type":"text","content":"\n\n\n\nStock Symbol: WGF: TSX-V\n\n\nSASKATOON, Dec. 11 /CNW/ - Wescan Goldfield Inc. ("Wescan") and its Joint\nVenture partner Alto Ventures Ltd. ("Alto") have completed the 2008\nexploration program at Mud Lake in the Beardmore-Geraldton Gold Belt, Ontario.\nThe property is located south of the Hercules Project operated by Kodiak\nExploration Ltd and north of the Brookbank Gold Deposit which is reported to\ncontain 629,900 ounces of gold.\n\n\nThe Mud Lake Shear Zone ("MLS") is a major gold-bearing shear structure\nthat extends for over six kilometres along strike and traverses through the\ncentre of the property. Several gold occurrences have been exposed in surface\ntrenches along the MLS and sampling of these returned gold assays as high as\n50 grams per tonne (g/t) in grab samples and up to 13.9 g/t gold/1.0 metre in\ndrill cores in previous work.\n\n\nThe 2008 summer program was part of a longer term strategy to evaluate\neach of the gold targets on the property and included airborne high-resolution\nmagnetometer and XDS/VLF electromagnetic surveys over the entire property, as\nwell as prospecting, mechanical stripping and sampling. The surface work was\nfollowed by diamond drilling of 12 holes totaling 1,032 m.\n\n\nThe airborne geophysical surveys have identified several new targets that\nwill require follow-up work in 2009. The mechanical stripping has exposed the\nMLS at several locations along the MLS including a set of quartz veins that\nstart at the northeast end of Showing No 6 and extend continuously for 120 m\non surface. Channel sampling of these veins has returned up to 3.0 g/t gold\nacross 1.0 m. Diamond drilling of the trenched areas intersected shearing and\nquartz veining including hole MUD08-40 which cut a 6.9 m wide shear zone\ncontaining a quartz vein that is 1.4 m wide. Anomalous gold values of greater\nthan 100 parts per billion (0.1 g/t) were detected in several drill holes.\n\n\nThe 2007 and 2008 drilling programs confirmed that the MLS is a major\nzone of shearing with a strong associated gold system. A large number of\ntargets remain to be explored along the MLS including at the Oliver Severn\nShowing where Alto previously intersected 13.9 g/t gold across 1.0 m. To date,\n42 drill holes have been completed on this property which will assist in\ntargeting the most pro...