Mr. W. Connor MacNeill reports
WESCAN GOLDFIELDS INC. RECEIVES DRILL PERMIT FOR MUNRO LAKE PROJECT AND ADVANCES 2026 EXPLORATION PLANS
Wescan Goldfields Inc. has received a drill permit for its Munro Lake project in Northern Saskatchewan, marking a key operational milestone as the company advances its 2026 exploration program.
The permit authorizes exploration on the Munro Lake project for a period of three years, providing Wescan with the flexibility to advance exploration in a phased and systematic manner. Phase 1 of the 2026 exploration program is planned to include up to 2,000 metres of diamond drilling. The Munro Lake project is located approximately seven kilometres northeast of SSR Mining's Seabee mine and mill complex in Northern Saskatchewan, within the same broader structural corridor that hosts the Seabee/Santoy mining camp, the province's only producing gold operation**.
Phase 1 of Wescan's 2026 summer diamond drilling program will consist of up to 2,000 metres of helicopter-supported diamond drilling and is expected to commence in the coming weeks, with a small fly camp to be mobilized to support the program. The main objective of the program is to follow up the high-grade gold intercepts in the southeast zone from Wescan's 2013 diamond drilling program by testing the extent of mineralization downdip and along strike. Highlights of the 2013 drill campaign, which totalled 1,052 metres, include 67.1 grams per tonne (g/t) gold over 1.00 metre in drill hole EXML-002 and 7.1 g/t gold over 1.02 metres in EXML-001 (see the company's news release dated June 17, 2013). Additional objectives include testing high-grade gold outcrop grab samples generated through historical work. Multiple mineralized grab samples have been collected across a prospective strike length of approximately seven kilometres, with the highest assaying 38 g/t gold (collected in 2019), defining three principal mineralized areas on the property*.
Drill targeting will prioritize areas where the favourable mineralized trend is interpreted to thicken as a result of structural dilation or the intersection of cross-cutting structures, settings considered prospective for hosting wider zones of gold mineralization.
In parallel with the drill permit, the company has signed a contract with Tuzo Geo Surveys to complete UAV-based (unmanned aerial vehicle) magnetic and lidar (light detection and ranging) surveys on the Munro Lake project. These geophysical surveys are expected to enhance the company's understanding of the project's structural controls and aid in the refinement of drill targets for follow-up programs.
The company has engaged Dahrouge Geological Consulting Ltd. to help design and execute Wescan's exploration programs at Munro Lake. Dahrouge is a full-service mineral exploration consulting group that, together with its predecessor, has been advising on mineral projects since 1971. Dahrouge brings extensive Northern Saskatchewan experience and a strong technical support team, which Wescan believes will be valuable in advancing the project in an efficient and disciplined manner.
* Surface grab samples, by their nature, are selective samples and may not represent underlying mineralization.
** Exploration on adjacent or nearby properties does not guarantee that similar mineralization exists on a specific property
Qualified person
The scientific and technical information contained in this news release has been reviewed and approved by John Shmyr, PGeo, of Dahrouge Geological Consulting, a registered member of the Association of Professional Engineers and Geoscientists of Saskatchewan. Mr. Shmyr is a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. Shmyr has verified the data disclosed in this news release and consents to the inclusion of the matters based on his information in the form and context in which it appears.
About Wescan Goldfields Inc.
Wescan Goldfields is a Canadian junior exploration company focused on the exploration and development of gold projects in Saskatchewan's historic La Ronge gold belt. The company holds a 100-per-cent interest in three gold projects: the Munro Lake project, the Jojay Lake project, which hosts the Jojay gold deposit, and the Fork Lake project, which hosts the past-producing Jasper gold mine.
The Jojay gold deposit is the subject of a 2010 National Instrument 43-101-compliant mineral resource estimate completed by A.C.A. Howe International Ltd., comprising an indicated resource of 420,000 tonnes grading 3.7 g/t gold and an inferred resource of 630,000 tonnes grading 4.3 g/t gold (at a 2.0 g/t gold cut-off). The Jasper gold mine was operated by Cameco Corp. in the early 1990s and produced approximately 155,000 tons at a grade of approximately 18.5 g/t gold prior to its closure. Shares of Wescan trade on the TSX Venture Exchange under the symbol WGF.
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