# WESCAN GOLDFIELDS IDENTIFIES VISIBLE GOLD AT MUNRO LAKE AND COMPLETES UAV MAGNETIC SURVEY Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/wescan-goldfields-identifies-visible-gold-at-munro-lake-and-completes-uav-magnet--c494c2de-cfd7-41df-92e2-bb7a9f12a3e1 Original source: https://orestocks.com/company/WGF.V/press-releases/5002189946252905 Publisher: orestocks Original announcement: 2026-10-19T10:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-19T11:05:27.045Z Atlas analysis updated: 2026-10-19T11:05:27.045Z - Company: Wescan Goldfields Inc. - Ticker: WGF.V - Exchange: Unavailable - Region: Saskatchewan - Primary commodity: Gold - Secondary commodities: Iron ore - Document categories: Other, Drill results - Extracted: 2026-10-19 11:05:27 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Wescan Goldfields has identified visible gold in a quartz vein at the North Vein Target of the Munro Lake Project in Saskatchewan. The company also completed a 553.5 line-kilometre UAV magnetic survey that identifies a 1-kilometre magnetic high correlating with mineralized trends. Reasoning: The announcement reports encouraging visual evidence of gold and the completion of a geophysical survey, though actual assay results for the new target are pending. - Positive factor: Visible gold identified at surface - Positive factor: UAV magnetic survey completed providing structural detail - Positive factor: Magnetic high correlates with historical gold-bearing samples - Positive factor: Proximity to producing Seabee mine - Negative factor: Assays for new visible gold are still pending - Negative factor: Historical drill results restated rather than new assays for those specific holes Facts used in scoring: 2 ## Classification and evidence **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The project is located 7 km from the producing Seabee mine. Evidence · text > 7 kilometres northeast of SSR Mining's Seabee mine **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release includes a sign-off by a Qualified Person \(John Shmyr, P.Geo.\). Evidence · text > reviewed and approved by John Shmyr, P.Geo. ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Drill Results (2) ### EXML-002 [Link to this fact](https://atlas-staging.minestarters.com/news/wescan-goldfields-identifies-visible-gold-at-munro-lake-and-completes-uav-magnet--c494c2de-cfd7-41df-92e2-bb7a9f12a3e1#fact-drill-facts-0) Munro Lake · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: EXML-002 - Project: Munro Lake - Commodity: gold - Region: canada\_sk - Reported Region: canada\_sk - Ticker: WGF.V #### Geometry - Grade: 67.1 - Grade Unit: g/t - Intercept: 1 m - From: 167.7 m - To: 168.7 m - Intercept Depth: 167.7 m #### Classification - Sample Type: drill - Group ID: EXML-002:167.7-168.7 - Mining Method: underground #### Location - Location: Southeast Zone - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2013-06-17T00:00:00.000Z #### Dates - Event date: 2026-10-19T00:00:00.000Z Reasoning: High-grade gold intercept reported in 2013. - Positive factor: High grade intercept - Negative factor: Historical data Evidence · text > 67.1 g/t gold over 1.00 metre #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Company holds a 100% interest in four gold projects: the Munro Lake Project, located in the Pine Lake greenstone bel" ### EXML-001 [Link to this fact](https://atlas-staging.minestarters.com/news/wescan-goldfields-identifies-visible-gold-at-munro-lake-and-completes-uav-magnet--c494c2de-cfd7-41df-92e2-bb7a9f12a3e1#fact-drill-facts-1) Munro Lake · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: EXML-001 - Project: Munro Lake - Commodity: gold - Region: canada\_sk - Reported Region: canada\_sk - Ticker: WGF.V #### Geometry - Grade: 7.1 - Grade Unit: g/t - Intercept: 1.02 m - From: 59.58 m - To: 60.6 m - Intercept Depth: 59.58 m #### Classification - Sample Type: drill - Group ID: EXML-001:59.58-60.6 - Mining Method: underground #### Location - Location: Southeast Zone - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2013-06-17T00:00:00.000Z #### Dates - Event date: 2026-10-19T00:00:00.000Z Reasoning: Historical gold intercept from 2013. - Positive factor: Solid gold grade - Negative factor: Historical data Evidence · text > 7.1 g/t gold over 1.02 metres #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Company holds a 100% interest in four gold projects: the Munro Lake Project, located in the Pine Lake greenstone bel" ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.