Westcore Energy Ltd.
TSX VENTURE : WTR

December 22, 2009 13:38 ET

Westcore Announces 7.12 Metre Carbonaceous Zone Intersected in Preliminary Hudson Bay North Drill Hole

CALGARY, ALBERTA--(Marketwire - Dec. 22, 2009) - Westcore Energy Ltd. ("Westcore" or the "Corporation") (TSX VENTURE:WTR) is pleased to report that it has completed a preliminary drill hole on its Hudson Bay North property, located immediately north of Goldsource Mines Inc.'s Border property. Hole WTRHB09-01 intersected a 7.12 metre thick carbonaceous zone starting at 47.45 metres below surface, consisting of coal fragments and narrow coal seams within a continuous black, carbonaceous mudstone/siltstone unit. The hole is located on the edge of a promising airborne geophysical target that suggests the centre of a potentially coal-bearing basin lies 1 km to the southeast. A road has been constructed into the centre of this target for the second scheduled drill hole, but warming temperatures precluded adequate frozen ground to hold heavy drilling equipment. Drilling has been postponed until early January in order to allow freezing ground conditions to improve. Accompanying this press release is a map showing the approximate location of this hole.

As described in Westcore's December 17, 2009, press release, the Corporation began its 2009-2010 winter drilling program this week by examining easy access drilling targets that it could drill in the immediate short term. Hole WTRHB09-01 was chosen by Westcore staff for its ease of access along previously existing logging roads, while winter roads are being constructed to the high-priority targets chosen by Goldsource (see news release dated December 11, 2009). That construction is currently ongoing.

Paul Conroy, President and CEO, states, "We are very encouraged to have recognized such positive results from what we consider to be a very preliminary, lower priority drilling target. Having already encountered a strong carbonaceous unit at relatively shallow depths in this first hole, we are very excited and look forward to moving to the centre of this target 1 km away when we return in January. Our success on this target also bodes well for the targets chosen for us by Goldsource, which have larger and more pronounced geophysical signatures than this target. The carbonaceous unit intersected in this hole is identical in appearance to what we encountered at our Black Diamond property, Manitoba, where a 33-metre coal zone was intersected last winter. The presence of these carbonaceous units, which typically envelope true coal seams, is an extremely encouraging development in our quest to make a new coal discovery in the New Year."

Ellen MacNeill, Professional Geoscientist in the Province of Saskatchewan and Qualified Person for this news release, has reviewed and approved its contents.

Forward Looking Statements

Except for statements of historical fact relating to the Corporation, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Except as required by applicable securities requirements, the Corporation undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

Please click on the link below for a map showing the approximate location of hole WTRHB09-01:

http://cnrp.marketwire.com/cnrp_files/20091222-1222wtr_map.pdf

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.

Contact Information

  • Westcore Energy Ltd.
    Paul Conroy
    President and Chief Executive Officer
    (403) 697-4005
    (403) 263-0271 (FAX)