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.
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