The Fork Lake property is located in the "greenstone belt" of northern Saskatchewan in the vicinity of a number of former gold producers and the property encompasses the high grade Jasper Gold Mine which produced 155,000 tons at 0.54 oz/ton in 1990-1991. The property covers an area of 6,513 ha and is accessible by road some 135 kilometers northeast of La Ronge, Saskatchewan and is approximately 12 kilometers from an existing licensed gold processing plant. The Fork Lake property is 100% owned by Wescan.
Historical exploration from the early 1960s to the 1990s identified and investigated numerous mineralized showings and structural lineaments on the property, including the highly auriferous Jasper, Muskeg, and Roxy structures, the DMZ.X, Boulder, CP and DMZ.W zones.
Wescan's exploration of the Fork Lake property during 2006 included completion of two phases of drilling, and a prospecting and geochemical soil sampling program over the southwest portion of the property.
The drilling confirmed a high grade, down plunge-down dip extension of the Jasper Mine structure and indicates a mineralized zone of a similar size and grade as that mined previously at Jasper. The soil sampling program identified 11 new targets that are deemed to warrant follow-up drilling.
During 2007, exploration focused on a follow-up drill program of the identified targets as well as evaluation of the Jasper Deep Zone to determine the appropriate next steps for the exploration of this potential resource.
The most recent drilling on the Fork Lake Project was completed in October 2007 with just over 2300 meters drilled in fourteen holes. The program was focused as follow-up of targets identified from soil sampling programs carried out during the summer of both 2006 and 2007.
Our focus for 2011 will be to reinvigorate this past producing mine by reviewing data in a desk top review which we anticipate to be favorable, which then a proposed drill program of 2500m will commence. The primary aim of the program will be to expand the known mineralized areas which are believed to be still open at depth and along strike.
The 2011 summer drill program included a total of 2,313.5 metres of drilling over 9 holes and was completed
during the third quarter of 2011. This drill program focused on infill/confirmation drilling and step-out drilling
and was designed, based on the ACA Howe Technical Report 2005 recommended work program, to investigate
the area adjacent to the old mine workings to test for additional mineralization, at depth, those areas considered
(See December 8, 2011 News Release for results)
The proposed 2012 program is to follow up from the 2011 drill program with a National Instrument 43-101 Compliant Resource Estimate on the un-mined areas of the Jasper Gold deposit. Following this study there will be recommendations for further work. Then based on successful results a larger scale Phase II program will be proposed to extend the zone and increase the mineral resource.