Jun. 17, 2011 (Canada NewsWire Group) --
Stock Symbol: WGF: TSX-V
SASKATOON, June 17, 2011 /CNW/ - Wescan Goldfields Inc. ("Wescan" or the "Company") is pleased to announce the commencement of its 2011 exploration programs on the Jojay Gold Project and the Jasper Gold Project located in the La Ronge Gold Belt in northern Saskatchewan.
Wescan will be conducting a 2,500 metre drill program on its 100% owned Jojay property based on recommendations from a review of historical drilling data completed in February 2011 by its internal technical team and external consultants. This program follows the National Instrument 43-101 compliant resource estimate and recommendations by ACA Howe International Limited ("ACA Howe") for future work. (see Wescan News Release February 4, 2010).
ACA Howe has conducted a desktop review of the Jasper Gold Project which has assisted with the direction of a separate 2,500 metre drill program, to further assess the future potential of this past producing mine. The aim of this program will be to expand and further delineate the known mineralized areas which are still open at depth and along strike, as determined from Wescan's most recent drill programs. Drilling will also focus on mineralized areas around the old mine workings that may contain mineable resources.
Wescan also announces that it has amended the exercise price of 2,800,000 options granted June 30, 2010 at an exercise price of $0.07 per option to an exercise price of $0.10 in order to comply with the TSX Venture Exchange requirements. No changes have been made to the original vesting or expiry terms of the options.
Wescan is a Canadian-based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of the Company trade on the TSX Venture Exchange under the trading symbol "WGF".
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Darren S. Anderson, President at (306) 664-2422.