Wescan Goldfields Inc V.WGF

N E W S

[BUDDIEBuddie]

Wescan discovers deep high grade at Jasper 11/3/05 Stock Symbol: WGF: TSX-VEN SASKATOON, Nov. 3, 2005 (Canada NewsWire via COMTEX) -- George Sanders, President of Wescan Goldfields Inc. ("Wescan") is pleased to report that recent step out drilling has confirmed a new gold zone at the Jasper project, located in the La Ronge gold belt of Saskatchewan. The holes were drilled to approximately 350 meters north and 250 metres deeper than the former mine workings. This new zone, called the Deep Jasper Zone ("DJ"), validates Wescan's model that the continuity of high grade gold mineralization extends both down plunge and along strike. Visible gold is reported in 4 of the 6 drill holes completed and the width of the main gold-hosting structure increases to the north and down plunge - away from the previous mine working. In addition, the most northern drill holes (JS-05-19 and JS-05-20) both intersected a footwall zone that assayed 4.29 g/t and 63 g/t, over 0.85 and 0.35 meters respectively. These drill holes also confirm the continuation of a sub-parallel wide mineralized shear zone ("Roxy Zone") 80-100 meters west of the main Jasper Zone to a depth of about 400 meters below surface and to a width of up to 50 meters. Highlights of the mineralized intersections are presented in the following table: << ------------------------------------------------------------------------- Drill Hole From (m) To (m) Core Length (m) Grade (g/t) ------------------------------------------------------------------------- JS-05-14 406.15 406.45 0.30 8.65 (vg) ------------------------------------------------------------------------- JS-05-17 362.20 364.00 1.80 23.73 (vg) ------------------------------------------------------------------------- JS-05-18 422.20 424.95 2.75 15.93 (vg) ------------------------------------------------------------------------- JS-05-19 78.75 79.05 0.30 3.15 ------------------------------------------------------------------------- 109.40 110.25 0.85 4.29 (vg) ------------------------------------------------------------------------- 500.10 500.60 0.50 2.99 (vg) ------------------------------------------------------------------------- 527.70 529.80 2.10 8.88 (vg) ------------------------------------------------------------------------- 535.20 535.60 0.40 6.65 ------------------------------------------------------------------------- JS-05-20 104.70 105.05 0.35 62.74 ------------------------------------------------------------------------- 466.25 467.90 1.65 5.30 ------------------------------------------------------------------------- Note 1: Composite grades are reported. Note 2: "vg" is highlighted in column 5 of the table above if visible gold is reported in the drill log. The drill holes in the DJ zone cover an area of approximately 200 metres laterally and 250 metres vertically. The DJ zone is currently open to the north and at depth. A follow up drill program has been permitted and a drill crew is currently being mobilized. A total of 3,600 metres of drilling is planned before the end of December, 2005 to test the extension of the DJ Zone and the newly discovered footwall zone and the Roxy Zone. In addition, this drilling will test the continuation of gold mineralization hosted in a parallel mineralized shear zone that occurs approximately 400 meters to the east of the main gold-hosting shear zone at Jasper called the ("DMZ" Zone). Assaying was completed at TSL Laboratories Inc. in Saskatoon, Saskatchewan. The diamond drill program was designed, supervised and reported on by Frank Hrdy, MSc., MBA, P.Geo., Wescan Exploration Manager. Mr. Hrdy is a member of the Association of Professional Engineers and Geoscientists in the Provinces of Saskatchewan and Manitoba and pending in Ontario. He has reviewed this News Release and is a Qualified Person in accordance with National Instrument 43-101. Wescan is a Canadian based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of the Company trade on the TSX Venture Exchange under the trading symbol "WGF". "The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release." >> SOURCE: Wescan Goldfields Inc. please contact: George Sanders, President; or Wade MacBain, Corporate Development at [phone]. Copyright (C) 2005 CNW Group. All rights reserved.