Wescan Goldfields - Alto Ventures joint venture continues to intersect gold on the Mud Lake Project, Beardmore-Geraldton gold belt

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[{"type":"text","content":"\n\n\n\nStock Symbol: WGF: TSX-V\n\n\nSASKATOON, SK, Feb. 21 /CNW/ - Wescan Goldfield Inc. (WGF: TSX-V)\n(Wescan) is pleased to announce results from Phase II diamond drilling\ncompleted on the Wescan - Alto Ventures Ltd. (ATV: TSX-V) (Alto) Mud Lake\nProject located in the Beardmore-Geraldton gold belt in Ontario. Four holes\nintersected significant gold mineralization including 7.25 grams per tonne\n(g/t) across 1.0 meter (m) (see table below). This recently completed phase of\ndrilling has greatly added to the geological knowledge of the mineralization\nand will be used for targeting the most prolific sections of the Mud Lake\nShear Zone ("MLS") during Phase III work that will take place this summer.\n\n\nThe Mud Lake Property shares a common boundary with the Hercules\nProperty, located to the north of Mud Lake, where Kodiak Exploration Ltd.\ncontinues to report significant gold mineralization from its drilling (see\nKodiak news release dated January 14, 2008). To the south and southwest of Mud\nLake, Ontex Resources Ltd. is exploring the Brookbank Gold Deposit which is\nreported to contain 629,900 ounces of gold (see Ontex news release dated\nJanuary 23, 2008).\n\n\nNine holes (MUD08-22 to 30) were completed in January 2008 as part of a\ncontinuing program to evaluate the economic significance of a six kilometre\n(km) segment of the MLS where previous work has identified 12 surface gold\noccurrences. The results from these holes and earlier drilling clearly\ndemonstrate the significant potential of the property. Further work is planned\nto test the presence of mineralization between wide spaced drill holes, along\nthe MLS, and also to identify deeper targets. The Joint Venture is formulating\nan aggressive summer exploration program for Mud Lake to commence after the\nsnow and ice has melted. The program will include trenching, prospecting and\ngeological mapping to be followed by diamond drilling.\n\n\nTo date, significant gold mineralization was confirmed in 13 of 30 holes\nwhich is a high ratio of mineralized to non-mineralized holes when drilling\nArchean quartz vein systems for the first time. During these early exploration\nphases, drilling has only targeted those areas along the MLS where gold had\nbeen identified in surface bedrock exposures. The surface occurrences of\nexposed bedrock are isolated from ea...

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