WGF Wescan Goldfields Inc

Stock Symbol: WGF: TSX-V   SASKATOON, Nov. 18, 2011 /CNW/ - Wescan Goldfields Inc. ("Wescan" or the "Company") is pleased to announce the results from the 2011 summer drill program on its 100 percent owned Jojay Gold Property, located 135 kilometers north of La Ronge, Saskatchewan. This program was carried out following recommendations included in the Jojay Property Technical Report completed by A.C.A. Howe International dated February 4, 2010 (the "Howe Report"). The Howe Report included an Indicated Resource of 420,000 tonnes at a grade of 3.7 g/tonne and an Inferred Resource of 630,000 tonnes grading 4.3 g/tonne. The 2011 summer drill program included a total of 2,678.5 metres of drilling over 10 holes and was completed during the third quarter of 2011. This drill program focused on infill/confirmation drilling as well as step-out drilling. The program was designed to confirm the resource base within the known mineralized region as well as to test for further mineralization in areas in close proximity to the known Jojay Gold deposit considered "highly prospective". Three step out holes (JJ11-007, -008 and -009) confirmed significant mineralization outside of the previously drill tested area at depth, highlighted by a mineralized intersection east of the current resource within Hole JJ11-007 grading 20.0 grams per tonne over 2.64 metres. Drill holes JJ11-001, -002, -003, -004, -005, -006 and -010 all confirmed previously known mineralized areas and will assist with the infill delineation of the current model. Gold intersection highlights are summarized in the table below: ___________________________________________________ |Drill Hole|From (m)|To (m)|Core Length (m)|Au (g/t)| |__________|________|______|_______________|________| |JJ11-002 | 14.63 |15.63 | 1.00 | 13.70 | |__________|________|______|_______________|________| |JJ11-003 | 62.17 |63.00 | 0.83 | 8.95 | |__________|________|______|_______________|________| |JJ11-003 | 75.06 |87.53 | 12.47* | 4.47 | |__________|________|______|_______________|________| | including| 75.06 |77.06 | 2.00* | 7.85 | |__________|________|______|_______________|________| | and| 85.17 |87.53 | 2.36* | 11.76 | |__________|________|______|_______________|________| |JJ11-004 | 116.00 |118.00| 2.00* | 5.10 | |__________|________|______|_______________|________| |JJ11-004 | 158.50 |159.50| 1.00 | 9.58 | |__________|________|______|_______________|________| |JJ11-005 | 205.94 |213.36| 7.42* | 6.35 | |__________|________|______|_______________|________| | including| 205.94 |206.66| 0.72 | 15.50 | |__________|________|______|_______________|________| | and| 211.40 |213.36| 1.96* | 17.71 | |__________|________|______|_______________|________| |including | 211.40 |211.93| 0.53 | 51.50 | |__________|________|______|_______________|________| |JJ11-006 | 329.12 |332.12| 3.00* | 5.57 | |__________|________|______|_______________|________| |including | 329.12 |330.12| 1.00 | 11.50 | |__________|________|______|_______________|________| |JJ11-007 | 198.70 |201.34| 2.64* | 20.03 | |__________|________|______|_______________|________| | including| 198.70 |199.00| 0.30 | 42.90 | |__________|________|______|_______________|________| | and| 201.00 |201.34| 0.34 | 117.50 | |__________|________|______|_______________|________| |JJ11-008 | 358.20 |365.00| 6.80* | 5.35 | |__________|________|______|_______________|________| | including| 364.20 |365.00| 0.80 | 34.00 | |__________|________|______|_______________|________| |JJ11-009 | 361.00 |365.00| 4.00* | 3.08 | |__________|________|______|_______________|________| *Indicates composite interval Mr. Darren Anderson, President of Wescan stated, "We are very excited with the results from the 2011 Jojay drill program as the new drilling results have definite potential of expanding the existing Resource base. The deposit remains open both down plunge and along strike." Wescan now has sufficient data to complete a Preliminary Economic Assessment (PEA), which will include an updated National Instrument 43-101 compliant Technical Report and Resource estimate. With the significant escalation in the price of gold over the past number of months, the Company intends to continue exploration efforts on its properties with known gold mineralization. Drill core was halved and samples between 0.30 to 1.05 metres in length were submitted to SRC Laboratory in Saskatoon, Saskatchewan. The remaining half core is archived at the property. Rigorous quality assurance and quality control procedures have been implemented including the use of blanks, standards and duplicates. Core samples were initially analyzed by fire assay, and then all samples above 3000 ppb from fire assay were analyzed by metallic assay. Where available; metallic assays are reported instead of fire assay results. Composite grades are calculated utilizing both fire assay and metallic assay results. Holes were drilled with inclinations between -45(o) and -58(o), approximately perpendicular to the steeply dipping known mineralised areas. Mineralised intersections are reported as drilled core lengths, future modeling is required to interpret true widths of the mineralized intersections. This exploration program was directed by Mark Shimell, Vice President Exploration of Wescan. Tabetha Stirrett of North Rim Exploration Ltd. a Professional Geoscientist in the Province of Saskatchewan is the Independent Qualified Person, as defined by NI 43-101standards, who has reviewed and approved the technical content of this news release. Wescan is a Canadian-based company 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." Caution Regarding Forward-Looking Statements This news 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. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "believe", "expect", "plan", "intend", "forecast", "target", project", "guidance", "may", "will", "should", "could", "estimate", "predict" or similar words suggesting future outcomes or language suggesting an outlook. In particular, statements regarding Wescan's future operations, future exploration and development activities or other development plans constitute forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements related to anticipated exploration plans, statements related to the Company's ability to expand and delineate mineralized zones, identification of future drilling targets, and assumptions made regarding the impacts of increases in the price of gold on the Company's exploration programs. These forward-looking statements are based on Wescan's current beliefs as well as assumptions made by and information currently available to Wescan. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, projections and other forward-looking statements will not be achieved. We caution readers not to place undue reliance on these statements as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, developments in world gold and coal markets, changes in exploration 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, operational and the additional risks described in Wescan's most recently filed annual and interim MD&A, and Wescan's anticipation of and success in managing the foregoing risks. Wescan cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to Wescan, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Unless required by applicable securities legislation, Wescan does not undertake to update any forward-looking statement that may be contained herein. Wescan Goldfields Inc. CONTACT: Darren Anderson, President or Mark Shimell, Vice President ofExploration at (306) 664-2422

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