Westcore Energy Ltd.

December 06, 2010 11:22 ET

Westcore Announces Commencement of New Airborne Gravity Survey

CALGARY, ALBERTA--(Marketwire - Dec. 6, 2010) - WESTCORE ENERGY LTD. – (the "Corporation" or "Westcore") (TSX VENTURE:WTR) announces that it has entered into an agreement with Fugro Airborne Surveys of Ottawa, Ontario, to conduct an airborne Gravity survey over a portion of Westcore's Black Diamond property (located in west-central Manitoba), as well as a portion of the Coal property whose permits are located immediately east of, and adjacent to, the Black Diamond Property. The Coal property's mining rights are jointly held by Westcore and 49 North Resources Inc., with Westcore being the operator.

The survey area was selected to cover previously defined coal targets as determined from airborne GEOTEM electromagnetic surveys conducted in 2008 – 2009. These targets include those on the Black Diamond property that were drill tested in 2010 and proven to contain significant intercepts of coal (see previous Westcore news releases dated March 22 and April 8, 2010). The flight-line spacing in the previous GEOTEM surveys was 300 metres, while the current Gravity survey will be flown at a tighter spacing of 150 metres. The purpose of the Gravity survey is to define the boundaries of both the known coal basins and potential targets with much greater accuracy, which will make drilling each target more cost efficient by reducing the number of holes needed to define the basin boundaries. 

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.

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) 237-6122
    (403) 237-6144 (FAX)