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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Rocket Red who wrote (144803)	6/2/2005 3:26:55 PM
From: Jim Bishop	Read Replies (2) of 150070

WGF.V the Shore spin off: Wescan confirms high grade at Jasper Mine property Thursday June 2, 12:26 pm ET Stock Symbol: WGF: TSX-VEN SASKATOON, June 2 /CNW/ - George Sanders, President of Wescan Goldfields Inc. ("Wescan"), is pleased to report that the recently completed diamond drill program at Wescan's 100% owned Jasper Mine property was successful in confirming the high grade nature of gold mineralization. Drill hole JS05-11 returned an intersection of 12.24 g/t over 4.87 metres true width. Drill hole JS05-12 encountered a new structure in the footwall which returned 61.53 g/t over .32 metres true width. The program also confirmed the nugget effect of free gold and as a result, all samples were screened for metallics and analyzed by the visible gold metallics assay method. All holes except JS05-04, which drilled into a drift, encountered gold values in the shear zone structure. (See table below) Thirteen holes were drilled from April 4 to 30 totalling 1,629.7 metres. The purpose of the program was to confirm the presence of the Jasper Shear zone around and adjacent to previously mined stopes. Drill holes JS05-01 to JS05-03 were drilled to test for the possibility of a continuation of mineralization to the south from the most southerly stopes (1-00 and 2-00) as well as to test for a possible increase in grade nearby and on the plunge extension from several drill holes to the south of the stopes. Drill holes JS05-04 to JS05-08 were drilled to test for the possibility of a down plunge continuation of the mineralization mined in stope 1-03. Four holes were completed successfully and intersected the main shear structure while holes JS05-06 to JS05-08 intersected a second, weaker hanging wall shear structure. The best assay was reported in hole JS05-07 with 23.85 g/t gold over 0.71 m true width. Drill holes JS05-09 to JS05-12 were drilled to test for the possibility of a down plunge continuation of the mineralization below stope 1-04. Hole JS05-11 returned the best intersection of all in the main structural zone assaying 25.36 g/t gold over 1.20 m true width. This intersection is included in a larger mineralized section assaying 12.24 g/t gold over 4.87 m true width. Hole JS05-12 does contain a relatively broad zone of mineralization and, while lying only 25 m below or down dip from the higher grade intercept in hole JS05-11, indicates very clearly the quick change in grade that may be encountered in a nuggety or free gold deposit. A narrow (6 cm) high grade quartz vein with biotite and pyrite rich margins containing visible gold was cut in hole JS05-12 at 15 m depth. It assayed 61.53 g/t gold over 0.32 m true width. While narrow at the point of intercept, this structure could be similar to other Jasper structures that from past experience have been known to swell to in excess of the historic mining width of 1.5 metres. This zone remains open below hole JS05-12 as well as to the south and as the orientation of this high grade intersection is not yet known, additional short holes may be warranted. All holes were logged longhand, mineralized intersections split and the samples submitted to TSL Laboratories Inc. in Saskatoon for analyses. Assaying included 29 element ICP analysis which shows the gold to be clean and free of any deleterious elements such as arsenic or antimony. There are no base metals associated with the gold mineralization. A program of prospecting other gold showings and occurrences is currently underway. Wescan plans a drill program at the Jasper Mine to follow up the new high grade zone as well as to test the known structures at depth down plunge. It is anticipated that this program will commence in July. The Jasper Mine is located in the La Ronge gold belt of northern Saskatchewan. The mine was operated by Cameco Corp. during 1990-91 and produced 155,000 tons at an average gold grade of 0.54 ounces per ton. The recently completed drill program was supervised by J. W. Murton; P. Eng. Mr. Murton is a member of the Association of Professional Engineers and Geoscientists of the Province of B.C. He is the project Qualified Person in accordance with National Instrument 43-101 and has reviewed this release.

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