Stock Symbol: WGF: TSX-V
SASKATOON, Dec. 16 /CNW/ - Darren Anderson, President of Wescan
Goldfields Inc. ("Wescan" or the "Company") is pleased to announce that
Mr. Mark Shimell has joined the Company in a consulting role as Vice
President of Exploration effective December 16, 2010.
Mr. Shimell, a Professional Geoscientist with a Bachelor of Science
degree, has been working as a geologist with Shore Gold Inc. ("Shore")
exploring for diamonds in Saskatchewan. Mark graduated from the Royal
School of Mines in London, England in 1995 with a Mining Geology Degree
and returned in 1999 to complete a Masters program in Petroleum
Geosciences and Geophysics. After completing his first degree he joined
the geological consulting firm A.C.A Howe International ("Howe")
working out of the U.K. During his time with Howe he worked on a wide
variety of international projects providing technical and geographic
information system support to a number of senior consultants. Mark
spent two years as a geologist in West Africa working on a gold
exploration project and a year in Scotland working on a coal bed
methane project as a consultant of Howe. Mark joined Shore in January,
2008, after having worked as a Howe consultant on Shore's Star Diamond
project for eight years.
Wescan is also in the process of contracting the services of North Rim
Exploration Ltd. ("North Rim") a firm that has extensive knowledge of
the Hudson Bay coal bed. North Rim will review Wescan's 2009 Phase 1
drilling program data which has provided an excellent geological
understanding of the region. By providing a further research review of
this data, a framework will be developed to identify where sub-basins
containing thicker intersections are more likely to occur. This
research review is intended to assist the Company in designing its
Phase II drill program on four of its Hudson Bay area priority areas
which remain largely unexplored.
Established in 1984, North Rim is an employee-owned company based in
Saskatoon, Saskatchewan and is committed to providing exceptional
customer service to clients requiring comprehensive geological and
engineering expertise. North Rim has worked with a number of clients
ranging from large international exploration firms, such as Mosaic
Potash, to regional firms, such as Athabasca Potash and NuCoal Energy
Wescan will continue to utilize the consulting services of Howe who
recently completed a Mineral Resource Estimate on the Company's Jojay
Gold Property in accordance with Canadian Securities Administrators
National Instrument 43-101 and CIM Standards on Mineral Resources and
As the Company believes that there is a strong potential to define
additional mineral reserves at the Jojay deposit, the Company is
currently reviewing all historical data and is planning further
drilling and an exploration program to expand the gold resource at the
Jojay deposit and assess other areas along the Jojay structural zone.
Howe will play an active part in this process, as they have now
provided expertise on well over one thousand projects for the mineral
resources industry at many levels of development, including grass roots
The Company would also like to thank Kirsten Marcia for her time served
at Wescan and wish her success with her future endeavors.
Darren Anderson states, "The economic downturn in the economy that
started in 2008 significantly set back Wescan's growth strategy. We
have weathered the fallout of this downturn with our property portfolio
intact. We continue to believe our property portfolio holds great
potential. Our recent success in raising further capital has
strengthened our balance sheet to the point where we can get back to
our original objectives of growing the Company through further
exploration on our coal and gold properties as well as other
opportunities should they present themselves. The addition of Mark and
the engagement of North Rim are the first steps in that regard."
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
"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."
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, information
respecting further exploration of the Hudson Bay area property and
anticipated increases to the Jojay Gold Deposit
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 coal and 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
SOURCE Wescan Goldfields Inc.
For further information: For further information:
Darren Anderson, President or Harvey Bay, Chief Financial Officer at (306) 664-2422