Wescan results triples length of Jojay Structural Zone
posted on
Jan 21, 2013 01:23PM
Edit this title from the Fast Facts Section
cnw   
Stock Symbol: WGF: TSX-V 
SASKATOON, Jan. 21,  2013 /CNW/ - Wescan Goldfields Inc. ("Wescan" or the
 "Company") is pleased  to announce the results of its VTEM ("Versatile
 Time Domain  Electromagnetic"), and Magnetic Gradiometer airborne
 geophysical survey on  Wescan's 100 percent owned Jojay Gold Property
 located 135 kilometers north  of La Ronge, Saskatchewan. The airborne
 geophysical survey and  interpretation was conducted by Geotech Limited
 ("Geotech") of Aurora,  Ontario.
The new magnetic gradiometer data traces the Jojay  Structural Zone for
 approximately 3 kms to the south of the Jojay gold  deposit and 0.5 kms
 to the north which extends the original 1 km zone by  more than triple
 in length. The Jojay Structural Zone was defined by  historical airborne
 and/or ground geophysics and surface geological  mapping.
The survey also identified two prospective target zones for  gold which
 should be followed up by surface exploration. These prospective  target
 zones lie on intersections of major North-South trending structures  and
 cross cutting faults with close proximity to prominent  intrusives
 similar in area of the Jojay deposit. One of these target zones  of
 interest lies on the southern tip of the interpreted continuation  of
 the Jojay Structural Zone that hosts the Jojay gold  deposit.
Mr. Darren Anderson, President of Wescan stated, "We are  very pleased
 with the results from the 2012 airborne geophysical survey on  our Jojay
 Gold Property, as the known structural zone has tripled in  length." As
 a consequence of these results, management is reviewing the  original
 2013 budget to determine if the 2013 exploration program should  be
 altered to pursue the recommendations resulting from the survey.  With
 the price of gold currently stable and near all-time highs, the  Company
 intends to continue exploration on its most prospective properties  with
 known gold mineralization.
The airborne geophysical survey  utilized Geotech's VTEM plus(R) time domain and magnetic gradiometer system. The  observed VTEM
 anomalies which are geologic in nature, are concentrated in  the
 southern portion of the property area, and appear to align  themselves
 with the observed northeastern linear trend of the historic Jolu  mine.
 There are three other VTEM anomalies, aligned with the linear trend  of
 the Jolu mine (one more to the northeast), extending even further  north
 of the main VTEM anomaly.
Results of Geotech's Maxwell 2.5D  plate modeling indicates that the
 southern VTEM anomaly is made up of two  separate VTEM conductors with
 one major VTEM conductor striking over 700m  with a dip extent of 200m.
 This VTEM conductor is subsurface, steeply  dipping and thin in nature.
 Drill testing has been recommended for testing  this VTEM anomaly. Three
 localized VTEM anomalies to the north of the main  Jojay gold deposit
 area were also identified and flagged for ground  prospecting with one
 identified for drill testing.
Daniel Leroux  of A.C.A Howe International Limited, a Professional
 Geoscientist in the  Province of Saskatchewan is the Independent
 Qualified Person, as defined by  NI 43-101 standards, who reviewed and
 approved the technical content of this  news release.
Wescan is a Canadian based corporation engaged in the  acquisition,
 exploration and development of mineral properties. Shares of  Wescan
 trade on the TSX Venture Exchange under the trading symbol  "WGF".
"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."
Caution Regarding Forward-Looking  Statements
This news 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. Forward-looking  information
 is often, but not always, identified by the use of words such  as
 "anticipate", "believe", "expect", "plan", "intend",  "forecast",
 "target", project", "guidance", "may", "will", "should",  "could",
 "estimate", "predict" or similar words suggesting future outcomes  or
 language suggesting an outlook. In particular, statements  regarding
 Wescan's future operations, future exploration and  development
 activities or other development plans constitute  forward-looking
 statements. Forward-looking statements in this press release  include,
 but are not limited to, statements related to anticipated  exploration
 plans, statements related to the Company's ability to expand  and
 delineate mineralized zones, identification of future drilling  targets,
 and assumptions made regarding the impacts of increases in the  price of
 gold on the Company's exploration programs.
These  forward-looking statements are based on Wescan's current beliefs
 as well as  assumptions made by and information currently available to
 Wescan. 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 and coal  markets,
 changes in exploration 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, operational and  the
 additional risks described in Wescan's most recently filed  Annual
 Information Form, 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. Unless required by  applicable
 securities legislation, Wescan does not undertake to update  any
 forward-looking statement that may be contained  herein.
SOURCE: Wescan Goldfields Inc.
For further  information: 
 Darren Anderson, President at (306) 664-2422.