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Wescan commences drilling Hudson Bay coal properties
Stock Symbol: WGF: TSX-V SASKATOON, Aug. 12 /CNW/ - Wescan Goldfields Inc. ("Wescan" or the "Comp...
About this update from Wescan Goldfields Inc.
[{"type":"text","content":"\n\n\n\nStock Symbol: WGF: TSX-V\n\n\nSASKATOON, Aug. 12 /CNW/ - Wescan Goldfields Inc. ("Wescan" or the\n"Company") is pleased to announce that drilling has commenced on the Company's\nHudson Bay, Saskatchewan coal exploration project. Drilling locations have\nbeen targeted using Fugro Airborne Surveys ("Fugro") specialized geophysical\nprocessing and interpretation on GEOTEM Electromagnetic Magnetic data. This\ndata will enable Wescan to identify all potential coal bearing sub-basins on\nall of the Company's coal permits.\n\n\nWescan will initially explore a large block of coal permits,\napproximately 86 kilometres wide lying north of the Pasquia Hills in an area\nwhere potential depth to coal may be shallow. Within this northern block,\nFugro has identified a number of priority geophysical anomalies that may be\nrelated to laterally extensive coal deposits. These geophysical anomalies are\ninterpreted to be very large, some in excess of 15 kilometres in diameter.\nWescan will also explore for coal on two of its southern coal permit blocks,\nwhich lie south of the massive coal discovery by Goldsource Mines Inc. These\nsouthern blocks have also been identified by Fugro to potentially host\nnumerous coal bearing sub-basins. The first phase of drilling will be\nextensive and will utilize helicopter support to maximize efficiency and\nreduce the impact to the environment.\n\n\nVice President of Exploration, Kirsten Marcia, Professional Geoscientist\nin the Province of Saskatchewan, is Wescan's Qualified Person responsible for\nthe design and execution of the program.\n\n\nWescan is a Canadian based corporation engaged in the acquisition,\nexploration and development of mineral properties. Shares of Wescan trade on\nthe TSX Venture Exchange under the trading symbol "WGF".\n\n\n"Neither TSX Venture Exchange nor its Regulation Services Provider (as\nthat term is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release."\n\n\nCaution Regarding Forward-looking Information\n\n\nFrom time to time, Wescan makes written or oral forward-looking\nstatements within the meaning of certain securities laws, including the "safe\nharbour" provisions of the Ontario Securities Act. Wescan may make such\nstatements in this MD&a...