Stock Symbol: WGF: TSX-V
SASKATOON,SK, Dec. 7, 2012 /CNW/ - Wescan Goldfields Inc. ("Wescan" or
the "Company") (WGF: TSX.V) is pleased to announce the commencement of
a 2012 winter drill program on its Munro Lake property. This program is
being undertaken following a Magnetic and Electromagnetic (TEMPEST®)
airborne geophysical survey over the Munro Lake property conducted by
Fugro Airborne Surveys of Ottawa, Ontario in 2011 and follow up ground
prospecting carried out in the fall of 2012.
The Munro Lake Gold Project is located approximately 7 kilometers north
of Claude Resources' Seabee mine/mill complex. The Munro Lake Gold
Project is an early stage gold exploration play which encompasses the
northeast projection of the Laonil Shear Zone which is the main deposit
control structure for the Seabee Mine gold mineralization and is along
strike from Claude Resources Inc.'s Santoy 2 gold showing.
The airborne geophysical survey was conducted to assist in the
interpretation of the historical soil sampling and prospecting programs
which identified anomalous gold throughout the property. The
prospecting program carried out this fall was designed to follow-up the
geophysical survey on the ground and further investigate interesting
gold showings from past prospecting programs. Areas of interest
selected for diamond drilling include geophysical anomalies and
prospecting structural gold anomalies.
Mr. Darren Anderson, President of Wescan stated, "We are very pleased
with the results of the past exploration programs on the Munro Lake
property that support this next phase of work. Results of the 2012
winter drill program will be released once available".
All technical information in this press release has been prepared under
the supervision of Daniel Leroux of A.C.A. Howe International Limited,
Professional Geoscientist in the Province of Saskatchewan, and is the
Company's "Qualified Person" under the definition of NI 43-101.
Caution Regarding Forward-looking Information
This press release contains forward-looking statements within the
meaning of certain securities laws, including the "safe harbour"
provisions of Canadian Securities legislation and the United States
Private Securities Litigation Reform Act of 1995. The words "may,"
"could," "should," "would," "suspect," "outlook," "believe," "plan,"
"anticipate," "estimate," "expect," "intend," and words and expressions
of similar import are intended to identify forward-looking statements,
and, in particular, statements regarding Wescan's future operations,
future exploration and development activities or other development
plans contain forward-looking statements. Forward-looking statements in
this press release include, but are not limited to, the Munro Lake
drilling, surveying and prospecting, the ability to raise funds to meet
commitments and pursue exploration activities, the use of such funds,
future plans for the Jojay, Jasper and Munro Lake properties and the
acquisition and exploration of additional properties.
These forward-looking statements are based on Wescan's current beliefs
as well as assumptions made by and information currently available to
it and involve inherent risks and uncertainties, both general and
specific. Risks exist that forward-looking statements will not be
achieved due to a number of factors including, but not limited to,
developments in world gold markets, risks relating to fluctuations in
the Canadian dollar and other currencies relative to the US dollar,
changes in exploration, development or mining plans due to exploration
results and changing budget priorities of Wescan, the effects of
competition in the markets in which Wescan operates, the impact of
changes in the laws and regulations regulating mining exploration and
development, judicial or regulatory judgments and legal proceedings and
operational risks and the additional risks described in Wescan's most
recently filed annual and interim MD&A, news releases and technical
reports. Wescan's anticipation of and success in managing the foregoing
risks could cause actual results to differ materially from what is
anticipated in such forward-looking statements.
Although management considers the assumptions contained in
forward-looking statements to be reasonable based on information
currently available to it, those assumptions may prove to be incorrect.
When making decisions with respect to Wescan, investors and others
should not place undue reliance on these statements and should
carefully consider the foregoing factors and other uncertainties and
potential events. Unless required by applicable securities law, Wescan
does not undertake to update any forward-looking statement that may be
"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."
SOURCE: Wescan Goldfields Inc.
For further information:
Mr. Darren Anderson
300 - 224 4th Avenue South, Saskatoon, SK S7K 5M5
PH: (306) 664-2422
FAX: (306) 667-3557