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Phase III Drilling At Jasper Extends DJ Zone And Identifies Two New Zones

April 7, 2006

Wescan Goldfields Inc. (“Wescan”) is pleased to report that recent drilling on the Jasper project, located in the La Ronge gold belt of Saskatchewan has confirmed the continuation of the Deep Jasper (DJ) Zone to the north of the former mine workings. Two of the three completed drill holes that targeted the DJ zone have significant gold intersections (see below for assay results) and these positive results indicate that the DJ Zone extends for at least another 50 meters in strike length from what was previously reported. The DJ zone has now been tested by wide spaced drilling over a strike length of 250 metres and over a vertical distance of 250 metres. This drilling phase also intersected two gold-rich footwall zones (JN Footwall Zone and the JN East Zone). These two new zones are parallel to and occur approximately 75 and 150 meters (respectively) to the east of the DJ Zone (see below for assay results) and represent additional future exploration targets.

The phase III drill program also tested the south strike continuation of a gold mineralized outcrop which assayed 23.36 g/t Au discovered during last years prospecting program at the northern tip of Damnation Lake. The outcrop occurs approximately 1.6 km northwest of the former Jasper Mine. Drill holes DL-06-03 and DL-06-09 intersected significant gold mineralization to a distance of approximately 900 meters south of the outcrop. This zone (the Transect Zone) represents a regional northeast lineament that transects intrusive and volcanic rocks and is spatially associated with the previously identified Joyce, Transom Central, Transom West, Boulder and Lost Bay Linear gold showings over a 7-10 kilometre strike length.

In addition, one drill hole,  JS-05-21B, tested the DMZ zone, a structure located 400 metres East of the Jasper shear, at approximately 200 meters depth and intersected a 127 meter interval that hosts several shear zones with local quartz veining, up to 0.15% copper and is locally anomalous with gold.

Exploration Manager, Frank Hrdy, states: “The DJ Zone has proven to be continuous and predictable, hosting significant gold mineralization in practically every drill hole. The character of the mineralization and the drill-delineated size of the current resource is similar to what was mined at Jasper. The new footwall zones occur near surface and have a similar character as the Jasper (and DJ) mineralization.  Multiple gold zones are common in this type of gold deposit and their presence confirms our geological model and shows that the potential of this gold deposit has not yet been realized.

I am also very excited about the potential of the Transect Zone to host a major gold deposit. The results of this drill program have provided evidence that many of the previously identified gold zones on the property are actually part of this one very large system that is at least 7 kilometres long and has had minimal exploration. The Transect zone represents an excellent target for Wescan.”

 

HIGHLIGHTS OF PHASE III DRILL PROGRAM – DEEP JASPER ZONE (“DJ ZONE”)


JS-05-23

 

Significant Assays:

From (m)

To (m)

Core Length (m)

Grade (g/t)

JN East Zone

105.25

105.55

0.30

3.16 Au

 

105.55

105.85

0.30

12.53 Au

JN Footwall Zone

319.70

320.10

0.40

16.20 Au

DJ Zone

546.20

546.60

0.40

12.84 Au

 

547.25

547.70

0.45

28.16 Au

 

549.80

550.10

0.30

32.99 Au

 

550.10

551.60

1.50

3.06 Au

JS-06-28

 

Significant Assays:

From (m)

To (m)

Core Length (m)

Grade (g/t)

JN East Zone

101.0

101.90

0.90

15.75 Au

JN Footwall Zone

324.30

325.0

0.70

13.89 Au

DJ Zone

523.30

523.90

0.60

7.94 Au

HIGHLIGHTS OF PHASE III DRILL PROGRAM – TRANSECT ZONE


Grab Sample 811911

 

Significant Assays:

From (m)

To (m)

Core Length (m)

Grade (g/t)

 

N/A

N/A

1.0 m

23.36 Au

DL-06-03

 

Significant Assays:

From (m)

To (m)

Core Length (m)

Grade (g/t)

 

107.30

108.30

1.0

12.07 Au

 

108.30

109.30

1.0

0.25 Au

 

109.30

110.30

1.0

0.30 Au

DL-06-09

 

Significant Assays:

From (m)

To (m)

Core Length (m)

Grade (g/t)

 

314.30

315.0

0.70

7.55 Au

SUMMARY OF OTHER DRILL HOLES FROM THE PHASE III DRILL PROGRAM


JS-05-21B

 

 

From (m)

To (m)

Core Length (m)

Grade (g/t)

 

417.25

418.60

1.35

0.78 Au

 

496.82

497.12

0.30

1.06 Au, 0.15% Cu

JS-05-22

Not Complete

 

From (m)

To (m)

Core Length (m)

Grade (g/t)

 

479.90

480.40

0.50

1.16 Au

 

480.40

480.85

0.45

2.24 Au

 

480.85

481.50

0.65

2.03 Au

 

530.45

530.75

0.30

2.76 Au

JS-05-26A

 

 

From (m)

To (m)

Core Length (m)

Grade (g/t)

 

429.40

429.85

0.45

3.82 Au

 

430.35

430.85

0.50

1.12 Au

JS-06-27

 

 

From (m)

To (m)

Core Length (m)

Grade (g/t)

 

677.0

677.50

0.50

2.29 Au

DL-06-01

No significant results.

DL-06-02

Weakly anomalous in Au.

DL-06-04

No significant results.

DL-06-05

No significant results

DL-06-06

Weakly anomalous in Au and local native copper.

DL-06-07

Weakly anomalous in Au.

DL-06-08

Minor local native copper.

DL-06-10

No significant results.

DL-06-11

No significant results.

Note: Intersections are reported as down-hole lengths and do not represent true widths of the zones.

Several drill holes that targeted the DJ, Main Jasper, and Transect Zones are in process and will be reported at a later date.

Assaying was completed at TSL Laboratories Inc. in Saskatoon, Saskatchewan.

The diamond drill program was designed, supervised and reported on by Frank Hrdy, MSc., MBA, P.Geo., Wescan’s Exploration Manager. Mr. Hrdy is a member of the Association of Professional Engineers and Geoscientists in the Provinces of Saskatchewan and Manitoba and pending in Ontario. He has reviewed this News Release and is a Qualified Person in accordance with National Instrument 43-101.

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 “WGF”

For further information please contact:

Mr. Moe Lindsay, President or Wade MacBain, Corporate Development at (306) 664-2422.

Caution Regarding Forward-Looking Statements

From time to time, Wescan makes written or oral forward-looking statements within the meaning of certain securities laws, including the "safe harbour" provisions of the Ontario Securities Act and the United States Private Securities Litigation Reform Act of 1995. Wescan may make such statements in this press release, in other filings with Canadian regulators or the United States Securities and Exchange Commission, in reports to shareholders or in other communications. These forward-looking statements include, among others, statements with respect to Wescan's objectives for the ensuing year, our medium and long-term goals, and strategies to achieve those objectives and goals, as well as statements with respect to our beliefs, plans, objectives, expectations, anticipations, estimates and intentions. 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. In particular, statements regarding Wescan's future operations, future exploration and development activities or other development plans contain forward-looking statements.

All forward-looking statements and information are based on Wescan's current beliefs as well as assumptions made by and information currently available to Wescan concerning anticipated financial performance, business prospects, strategies, regulatory developments, development plans, exploration, development and mining activities and commitments. 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 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 or its joint venture partners; 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 infrastructure risks 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. Wescan does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by Wescan or on our behalf.

 
 
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