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Wescan Goldfields receives "Letter of Comfort" stating priority sequence for coal permit applications
Stock Symbol: WGF: TSX-V SASKATOON, May 27 /CNW/ - Wescan Goldfields Inc. (WGF: TSX-V) ("Wescan")...
About this update from Wescan Goldfields Inc.
[{"type":"text","content":"\n\n\n\nStock Symbol: WGF: TSX-V\n\n\nSASKATOON, May 27 /CNW/ - Wescan Goldfields Inc. (WGF: TSX-V) ("Wescan")\nis pleased to announce that it has received a "Letter of Comfort" from\nSaskatchewan Energy and Resources stating that the majority of the coal permit\napplications made on behalf of Wescan are "first in line" and will be given\npriority sequence. The letter lists all applications made on behalf of Wescan\nand details the land description, hectares, priority sequence and the\nallocated Coal Prospecting Permit (CPP) numbers. The grant of permits is\ndependent upon government regulatory approval and time required to process the\napplications. A map of Wescan's permit applications is available on the\ncompany website at www.wescangoldfields.com.\n\n\nWescan's priority sequenced coal permit applications total\n253,000 hectares (2,530 square kilometres) and are adjacent to and partially\nsurround the near surface coal discovered by Goldsource Mines Inc.\n("Goldsource") in an area 50 kilometres north of Hudson Bay, Saskatchewan. The\ncriteria for targeting the coal permit applications were: proximity to the\nrecent coal discovery made by Goldsource; regional extent of the Cretaceous\nMannville Group; and glacial overburden thickness.\n\n\nPatrick Hannon, M.A.Sc., P.Eng. is Wescan's Qualified Person and is\nexperienced both in the exploration and evaluation of coal deposits in Canada.\nWescan is currently designing an electromagnetic airborne geophysical survey\nto define targets for core drilling. The company is also conducting a\nlocalized and regional study to investigate coal depositional environments\nduring the Cretaceous Period.\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"The TSX Venture Exchange has not reviewed and does not accept\n\n\nresponsibility for the adequacy or accuracy of this release."\n\n\nCaution Regarding Forward-Looking Statements\n\n\nFrom time to time, Wescan makes written or oral forward-looking\nstatements within the meaning of certain securities laws, including the "safe\nharbor" provisions of Canadian securities legislation. Wescan may make such\nstatements in ...