Wesdome Gold Mines {TSX.V: WDO}
Provided underground drifting and drilling results from continuing 7 zone exploration and development activities at the company’s wholly owned Eagle River mine in Wawa, Ontario, Canada.
Highlights included: Hole 942-E-59: 151.44 g/t Au uncut (61.70 g/t Au cut) over 1.99 metres true width.
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2018-12-06 04:22 ET – News Release
Mr. Duncan Middlemiss reports
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WESDOME ANNOUNCES DEVELOPMENT DRIFTING AND DRILLING ON 7 ZONE AT THE EAGLE RIVER MINE RETURNS LONGER THAN AVERAGE STRIKE LENGTHS AND EXTENDS ZONE AT DEPTH
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Wesdome Gold Mines Ltd. has provided underground drifting and drilling results from continuing 7 zone exploration and development activities at the company’s wholly owned Eagle River mine in Wawa, Ontario.
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The company is continuing to develop and explore the No. 7 zone, which is the intermediate zone parallel to the 300 zone to the north and the historic 8 zone to the south. All three zones are currently in production. Continuing development on the 1,038-metre level has now confirmed that mineralisation east of the western core of the 7 zone has merged to form one continuous zone now defined over 146 metres in strike length and grading 30.5 grams per tonne gold uncut over an average true thickness of 2.61 metres.
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Sill development in the 7 zone over the past two years has returned the results in the attached table.
Level Grade uncut (g/t Au) Grade cut (g/t Au) Width (m) Strike length (m) Release date 890 33.15 16.75 1.5 42.0 May 31, 2016 945 22.63 17.07 3.3 63.0 Sept. 15, 2016 975 E 13.38 13.38 1.5 46.0 Nov. 30, 2017 975 W 24.38 22.22 2.6 53.0 Nov. 30, 2017 975 Combined 20.66 19.23 2.1 99.0 Nov. 30, 2017 991 E 32.55 30.03 1.6 48.0 Nov. 30, 2017 991 W 18.80 15.95 2.73 56.0 Nov. 30, 2017 991 Combined 23.28 20.53 2.2 48.0 Nov. 30, 2017 1006 E 33.83 29.67 1.7 51.7 March 27, 2018 1006 W 22.85 15.25 3.2 41.1 March 27, 2018 1006 Combined 27.39 21.21 2.3 92.8 March 27, 2018 1022 E 34.86 28.33 1.8 75.5 March 27, 2018 1022 W 10.33 10.33 2.7 47.3 March 27, 2018 1022 Combined 23.79 20.21 2.2 122.8 March 27, 2018 1038 30.47 22.13 2.61 146.7 Dec. 6, 2018 * Assays cut to 125 g/t Au.
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Additionally, continuing drilling has now confirmed that this longer strike length extends to depth over an additional 100 metres to the 1,250 m level and remains open down dip. This extension is a substantial addition of potential resources compared with previous interpretations, and thus will be the focus of future drilling.
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Highlights from drilling (see attached table)
- Hole 942-E-59: 151.44 g/t Au uncut (61.70 g/t Au cut) over 1.99 m true width;
- Hole 942-E-63: 47.32 g/t Au uncut (18.74 g/t Au Cut) over 3.36 m true width;
- Hole 942-E-64: 39.01 g/t Au uncut (23.63 g/t Au cut) over 2.47 m true width;
- Hole 942-E-65: 33.21 g/t Au uncut (26.10 g/t Au cut) over 1.56 m true width.
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Further, limited drilling indicates that the eastern extension of the 7 zone occurs to the southeast side of a northeast transecting diabase dike, that is interpreted to offset the eastern extension approximately 20 metres. This area has potential to host additional resources and is open to the east. Drilling is planned for this area in 2019.
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A fourth drill has been added underground to better define and extend known zones and to identify the eastern extension of the parallel 300 and 7 zones to the east. Exploration surface drilling with two drills is continuing to intersect these parallel zones closer to surface.
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Duncan Middlemiss, president and chief executive officer, commented: “We continue to be encouraged with the good continuity and good grades from the ongoing development at the 7 Zone, which now has a strike length defined of over 146 metres. These longer strike lengths will provide for enhanced mining flexibility and ultimately augmented production rates. Equally as exciting is the result of the recent drilling that has confirmed the 7 zone continues a minimum of an additional 100 metres down dip at similar grades and strike lengths, and it remains open to depth and to the east along strike on the southeast side of a crosscutting diabase dike. The 7 zone will be an important aspect of the Eagle River production over the coming years. The results confirm the ongoing success the mine has had with our exploration program of the parallel zones and we remain committed to aggressive exploration. The current program is utilising four underground drills and two surface drills and in order to identify additional resources and workplaces for increased future production profiles.”
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Technical disclosure
The sampling of, and assay data from, underground drill core is monitored through the implementation of a quality assurance-quality control (QA-QC) program designed to follow industry best practice. Samples are transported in sealed bags to Eagle River mine assay office in Wawa, Ont. Samples are analysed for gold using standard fire assay technique with gravimetric finish. Wesdome inserts blanks and certified reference standard in the sample sequence for quality control.
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The technical content of this release has been compiled, reviewed and approved by Michael Michaud, PGeo, vice-president, exploration, of the company and a qualified person as defined in National Instrument 43-101 — Standards of Disclosure for Mineral Projects.
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About Wesdome Gold Mines Ltd.
The company is 100-per-cent-Canadian-focused with a pipeline of projects in various stages of development. The Eagle River complex in Wawa, Ont., is currently producing gold from two mines, the Eagle River underground mine and the Mishi open pit, from a central mill. Wesdome is actively exploring its brownfields asset, the Kiena complex in Val d’Or, Que. The Kiena complex is a fully permitted former mine with a 930-metre shaft and 2,000-tonne-per-day mill.
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DRILLING COMPOSITES
Hole No. From (m) To (m) Core length (m) True width (m) Grade (g/t Au) Cut grade (125 g/t Au)
942-E-49 173.85 176.20 2.35 1.51 31.27 31.27
942-E-55 164.10 166.20 2.10 1.48 20.17 20.17
942-E-56 189.80 192.40 2.60 1.99 9.96 9.96
942-E-57 205.40 207.55 2.15 1.65 8.64 8.64
942-E-59 194.25 196.55 2.30 1.99 151.44 61.70
942-E-60 226.10 229.80 3.70 3.03 30.42 30.42
942-E-62 172.90 175.90 3.00 2.30 27.55 27.55
942-E-63 147.70 151.80 4.10 3.36 47.32 18.74
942-E-66 143.90 145.55 1.65 1.50 29.21 23.89
942-E-67 178.90 181.05 2.15 1.86 22.80 22.80
942-E-50 194.50 196.35 1.85 1.52 2.27 2.27
942-E-51 211.70 213.55 1.85 1.52 10.29 10.29
942-E-58 230.60 232.70 2.10 1.61 7.58 7.58
942-E-61 242.05 247.20 5.15 3.64 9.64 9.64
942-E-64 242.70 247.00 4.30 2.47 39.01 23.63
942-E-65 270.60 272.80 2.20 1.56 33.21 26.10
942-E-70 290.75 292.60 1.85 1.52 2.93 2.93
942-E-84 159.00 161.15 2.15 1.52 9.83 9.83
942-E-86 187.10 189.05 1.95 1.49 8.11 8.11
942-E-87 214.30 216.25 1.95 1.49 19.33 19.33
942-E-100 201.05 203.40 2.35 1.51 19.98 19.98
942-E-101 229.90 232.05 2.15 1.52 6.35 6.35
942-E-105 284.50 286.85 2.35 1.51 4.27 4.27
844-E-222 263.85 266.00 2.15 1.52 8.51 8.51
We seek Safe Harbour.
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