eResearch Blog: Wescan Goldfields Inc.

Gold and uranium!

eResearch has initiated coverage of Wescan Goldfields Inc. (TSX-V: WGF) with a "Speculative Buy" Recommendation. Our 12-month Target Price is $0.60 per share, compared to the current share price of $0.34. Our long term Target Price (3 years) is $1.75.

Wescan is a junior mineral exploration company, focused on gold, uranium and base metals in Saskatchewan and Ontario. The Company has an active drilling program underway at several properties with results expected soon. It has an option agreement to earn a 50% interest in the promising Mud Lake Project. Further acquisitions are likely, including active pursuit of opportunities in Mexico.

Wescan also gains significant synergies from its relationship with successful sister company Shore Gold Inc.

Challenges include Wescan's relatively low profile in the market, and access to human resources and drill rigs.

This and other reports are available on our website at www.eResearch.ca.

Bob Weir
Director of Research