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WGF Wescan Goldfields Inc

0.015
-0.005 (-25.00%)
28 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Wescan Goldfields Inc TSXV:WGF TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.005 -25.00% 0.015 0.015 0.02 0.02 0.015 0.02 102,000 19:43:54

WESCAN INITIATES AIRBORNE GEOPHYSICAL SURVEY AT MUNRO LAKE

22/06/2011 2:30pm

PR Newswire (Canada)


Wescan Goldfields (TSXV:WGF)
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SASKATOON, June 22, 2011 /CNW/ -- Stock Symbol: WGF: TSX-V SASKATOON, June 22, 2011 /CNW/ - Wescan Goldfields Inc. ("Wescan" or the "Company") is pleased to announce the Company will conduct a Magnetic and Electromagnetic (TEMPEST(®)) airborne geophysical survey on Wescan's Munro Lake property located north of La Ronge Saskatchewan. The survey will be conducted by Fugro Airborne Surveys of Ottawa, Ontario. This airborne geophysical survey is being conducted to assist in the interpretation of historic soil sampling and prospecting programs which identified anomalous gold targets throughout the property. The survey will aid in identifying potential mineralized zones which could be associated with surface geochemical anomalies. The Munro Lake Gold Project is located just 7 kilometers north of the Seabee mine/mill complex and is along strike of the Santoy gold zones which currently feed the Seabee mill. Ms. Tabetha Stirrett, P.Geo, of North Rim Exploration Ltd. is acting as the Company's Qualified Person as defined by NI 43-101 guidelines and approves of the content of this 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 Information This press 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, the identification of mineralized zones and their association with geochemical anomalies. 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; 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. We caution 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 otherwise required by applicable securities laws, Wescan does not undertake to update any forward-looking statement that may be made from time to time by Wescan or on our behalf. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/June2011/22/c8265.html p Mark Shimell, Vice President of Exploration or Darren Anderson, President at (306) 664-2422 /p

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