2013 began with the closing of a first tranche financing (See December 31, 2012 News Release) which will assist with moving forward our existing portfolio projects, as well pursuing new opportunities as they present themselves. Presently, Wescan will be continuing to explore the Jojay Gold Property starting with the Preliminary Economic Assessment and updated NI 43-101 compliant resource estimate which are ongoing as opportunities for improvements arising from the initial studies are being evaluated. The summer VTEM airborne geophysical survey has yielded several exploration targets for follow up by surface exploration and or diamond drilling.
Wescan is continuing in its efforts to reassess the past producing Jasper Mine and Fork Lake Property. Wescan will continue work towards producing a 43-101 compliant resource estimate for the Jasper Gold deposit & conduct detailed desktop reviews of all other prospective gold showings.
Further exploration on Munro Lake which situates on trend with the Claude Resources Santoy Zone 2 continues into 2013. The program consists of following up geophysical targets identified by the 2011 airborne Tempest geophysical survey with ground prospecting.
Opportunities for growth within the Company’s property portfolio are also being pursued as companies all around are in similar circumstance based on the volatile world market.
Wescan will move forward and will look to benefit from the opportunities which are presented to us…