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".
Technical Information
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 made.
"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.
