Wescan Goldfields Inc. announces third quarter results

About this update from Wescan Goldfields Inc.

[{"type":"text","content":"\n\n\nStock Symbol: WGF: TSX-V\n\n\nSASKATOON, Nov. 27, 2013 /CNW/ - Wescan Goldfields Inc. (\"Wescan\" or the\n \"Company\") reports that the unaudited results of Wescan's operations\n for the quarter ended September 30, 2013 will be filed today on SEDAR\n and may be viewed at www.sedar.com once posted. A summary of key financial and operating results for the\n quarter is as follows:\n\n\nOverview of activities\n\n\nWescan continues to explore its portfolio of gold properties in the La\n Ronge Gold Belt in northern Saskatchewan, with the primary focus in\n 2013 being the Munro Lake property and the Jasper property.  During the\n second quarter of 2013, the Company announced the results of the winter\n drill program on the Munro Lake property (see Wescan News Release dated\n June 17, 2013). This winter drill program consisted of 1,052.34 metres\n of diamond drilling over 4 holes. Drilling results included an interval\n of 67.1 g/t Au over 1.00 metres in a vein with associated visible gold\n as well as 7.1 g/t Au over 1.00 m.\n\n\nThe Company recently initiated a drill program to further evaluate the\n Jasper property, the results of which will be announced when available.\n The Company has performed drilling of certain deeper zones on the\n Jasper property in 2005, 2006, and 2007 and during 2011 the Company\n completed a drill program to assess the future potential of this past\n gold producing property.\n\n\nQuarterly Results\n\n\nFor the quarter ended September 30, 2013 the Company recorded a net loss\n of $37,128 ($0.00 per share) compared to a net loss of $144,920 ($0.01\n per share) for the same period in 2012.  The difference in losses\n between these quarters is primarily due to the Company incurring lower\n exploration and evaluation expenditures and administration expenses\n during the quarter ended September 30, 2013. During the third quarter\n of 2013, the Company incurred $12,463 (2012 - $66,915) exploration and\n evaluation expenditures and $28,002 (2012 - $95,176) administration\n expenses.  Exploration and evaluation expenditures during the quarter\n were offset by recoveries of flow-through share premiums of $4,947\n (2012 - $18,956), as the Company partially satisfied some of its\n obligations to spend certain amounts on qualifying exploration\n expenditures during that period.\n\n\nYear to Date R...

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