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Coal drilling news propels Wescan (WGF)


Saskatoon-based Wescan Goldfields n. 1. A small slender woolly annual (Lasthenia chrysostoma) with very narrow opposite leaves and branches bearing solitary golden-yellow flower heads; it grows from Southwestern Oregon to Baja California and Arizona; - it is often cultivated.  (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
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: V.WGF (Windows Graphics Foundation) See DirectX 10. , Stock Forum) said Wednesday that drilling has started on its Hudson Bay, Saskatchewan coal exploration project.

The company says it will initially explore a large block of coal permits, approximately 86 kilometres wide, lying north of the Pasquia Hills in an area where it says potential depth to coal may be shallow.

Wescan also says it will also explore for coal on two of its southern coal permit blocks, which lie south of the massive coal discovery by Goldsource Mines (TSX: V.GXS GXS Global Exchange Services (GE)
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, Stock Forum).

Shares of Wescan climbed 21% to 23 cents Wednesday.

On the company’s Bullboard, infinit9 offered the following thoughts: “Now that's nice. Glad to see significant some news out. Hope this is the beginning of something BIG”…

While, gurcey said: “Agree! This news must be beginning of real upward movement in the SP. WGF is one of the best area play nest to GXS with WER WER Weekly Epidemiological Record
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WER Window Energy Rating
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WER Work Entity Release (Saudi Aramco) 
 and this is not speculative as much as others in the area”...

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Author:Buzz on the Boards
Publication:Stockhouse
Date:Aug 12, 2009
Words:166
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