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Wescan Goldfields Inc V.WGF

Alternate Symbol(s):  WEGOF

Wescan Goldfields Inc. is a Canada-based mineral exploration company based in Saskatchewan. The Company is focused on the exploration of its portfolio of gold properties and the acquisition of new exploration targets. Its properties include Fork Lake property, Jojay gold property and Munro Lake gold property. The Company holds a 100% interest in the Fork Lake/Jasper/Tamar (Jasper) gold property, consisting of certain mineral dispositions covering 6,513 hectares located approximately 150 kilometers northeast of La Ronge, Saskatchewan. The Jojay gold property consists of five claim blocks covering 1,496 hectares located approximately 150 kilometers northeast of La Ronge, Saskatchewan. The Company holds a 100% interest in the Munro Lake gold property. The Munro Lake property consists of mineral dispositions covering 2,489 hectares located approximately 128 kilometers northeast of La Ronge, Saskatchewan.


TSXV:WGF - Post by User

Bullboard Posts
Comment by crockyon Jul 03, 2008 2:50am
316 Views
Post# 15252526

RE: Pasquia Hills

RE: Pasquia HillsThe Pasqua Hills are a depositional feature. They represent glacial droppings that simply haven't eroded like the surrounding area. For that reason the overburden is most assuredly greater . This doesn't mean that the coal bed/seam doesn't trend closer to the surface as you move more NW . But any variation of the angle of the coal bed is not likely to compensate for the additional overburden in place. PWU8 posted a list of the depth of coal finds  a long time ago and while GXS was in the first category for shallowness ( 0-100 m ? ) it would only mean that WGF is likely in the second/and or 3rd category for shallowness. Still quite profitable to mine if the value/tonne is comparable to Alberta coal of similar grade that is around $40-50/tonne. This might also explain why WGF has suggested that they are going to start a drill program of 5,000 m. That would be around 40 holes on GXS' property but maybe only 20 holes on WGF's property. Not all of WGF's property is in the Pasqua Hills as they have some just south of GXS.
Crocky
Bullboard Posts