Business
Wescan Goldfields Inc. - Second drill working at Jasper
Wescan Goldfields Inc. - Second drill working at Jasper.
About this update from Wescan Goldfields Inc.
[{"type":"text","content":"\n\n\n\n\nStock Symbol: WGF: TSX-VEN\n\nSASKATOON, Dec. 2 /CNW/ - George Sanders, President of Wescan Goldfields\nInc. (\"Wescan\"), reports that a second drill has arrived at the Jasper gold\nproject to expedite the recently announced 3,600 metre drill program.\nThe first hole, JS05-21, was drilled to test the extension of the DMZ\nzone at depth. The DMZ zone is a structure parallel to and 300 metres east of\nthe Jasper shear zone. Limited drilling by previous operators only tested the\nstructure to a depth of approximately 70 metres. Hole JS05-21 pierced the zone\nat a vertical depth of approximately 250 metres. The zone has been logged,\nsampled and sent for assay. Drilling is currently progressing on holes JS05-22\nand JS05-23.\nHole JS05-22 is targeting an open area below an untested area that was\nrecommended by A.C.A. Howe International Limited in their June 2003 report.\nThis hole will be drilled to approximately 420 metres below surface and will\nbe one of the deepest holes ever drilled on the Jasper structure. Hole JS05-23\nis targeting the northern extension of the newly identified Deep Jasper (DJ)\nzone.\nCrews have just completed installation of an expandable fourteen person\ncamp. Although the earlier programs were serviced from near-by commercial\naccommodation, the camp will provide long run cost savings and better\nfacilitate on-site project management, particularly during an anticipated\nunderground exploration phase.\nA near surface portion of the Jasper shear zone was mined by Cameco\nCorporation (\"Cameco\") as a satellite deposit during 1990-91. During this\noriginal production period some 155,000 tons at a recovered grade of \n0.54 opt Au were processed at Cameco's nearby Star Lake mill. Wescan owns 100%\nof the Jasper deposit and surrounding Fork Lake property.\nThe diamond drill program is designed, supervised and reported on by\nFrank Hrdy, MSc., MBA, P.Geo., Wescan Exploration Manager. Mr. Hrdy is a\nmember of the Association of Professional Engineers and Geoscientists in the\nprovinces of Saskatchewan and Manitoba and pending in Ontario. He has reviewed\nthis News Release and is a Qualified Person in accordance with National\nInstrument 43-101.\nWescan is a Canadian based corporation engaged in the acquisition,\nexploration and development of mineral properties. Shares of the Company trade\non the TSX...