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Wescan-Alto finalize drill contract for Mud Lake Project, Beardmore-Geraldton Gold Belt
Wescan-Alto finalize drill contract for Mud Lake Project, Beardmore-Geraldton Gold Belt.
About this update from Wescan Goldfields Inc.
[{"type":"text","content":"\n\n\n\nStock Symbol: WGF: TSX-V\n\n\nSASKATOON, SK, Oct. 4 /CNW/ - Wescan Goldfields Inc. (Wescan) (WGF:\nTSX-V) and Alto Ventures Ltd. (Alto) (ATV: TSX-V) are pleased to announce that\na contract has been executed for diamond drilling on the Wescan-Alto Mud Lake\nProject in the Beardmore-Geraldton Gold Belt. The drill contract stipulates a\nminimum of 1,200 m of drilling in 18 to 20 holes and the drilling is scheduled\nto start in November. The Mud Lake property lies adjacent to the Hercules\nProperty where Kodiak Exploration Ltd. recently reported drilling results\nconfirming significant gold mineralization, including 38.47 g/t gold across\n1.6 m in drill core and 32.96 g/t gold across 11.6 m in surface channel\nsamples (see Kodiak Exploration news release dated October 1, 2007).\n\n\nPrevious work at Mud Lake included the discovery of twelve gold showings\nassociated with a major shear zone (Mud Lake Shear - MLS). The MLS was traced\nfor more than six kilometres on the property but had not been drilled prior to\nAlto's 2007 winter program which tested three of the twelve surface gold\nshowings and intersected gold-bearing quartz veins at each of those showings.\nGold values up to 13.9 g/t across 1.0 m were intersected within a wider zone\nof gold mineralization that assays 3.39 g/t across 6.1 m. (see Alto news\nreleases dated March 6 and March 20, 2007).\n\n\nThe November drilling will, in part follow-up on gold mineralization\nintersected at two of the three occurrences drilled previously and test for\nthe first time, another three occurrences along the MLS which have yet to be\ndrill tested. This work is part of a longer term strategy to evaluate each of\nthe surface occurrences with diamond drilling and start to delineate in detail\nthose that display continuity of mineralization and grade and show potential\nfor the concentration of economic mineralization.\n\n\nSurface trenching, washing and sampling programs were completed in\nSeptember in two areas along the MLS to fill gaps along strike between\npreviously discovered gold showings. Samples from the trenched areas were\ndelivered for analyses and results are expected within the next four to six\nweeks.\n\n\nIn June, 2007, Wescan and Alto entered into an Option Agreement on the\nMud Lake Property. Under the terms of the Option Agreement, Wescan can earn\n50% in the pro...