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Wesdome Gold Mines Ltd.
Summary
| Project: | Kiena | |
|---|---|---|
| Deposit: | Deep A Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/17/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 17-5-2018: Wesdome Gold Mines Ltd. announces an Exploration/Drilling Update report for its Deep A Zone deposit at the Kiena project. Drilling results incl. 14.4m @ 77.4g/t Au from 429.0m. TORONTO, May 17, 2018 -- Wesdome Gold Mines Ltd. (TSX:WDO) (“Wesdom | |
| Resources: | (Resource, M+I): 2.5Mt @ 5.59g/t Au for 449koz contained at project | |
| CP/QP: | [Overall Report]: Bruno Turcotte, Micheal Michaud (InnovExplo Inc.;Internal) | |
| ABSTRACT: | TORONTO, May 17, 2018 -- Wesdome Gold Mines Ltd. (TSX:WDO) (“Wesdome” or the “Company”) is pleased to provide the results from the ongoing underground drilling of the Kiena Deep A Zone completed from the exploration ramp at its 100% owned Kiena Mine Complex, in Val d'Or, Quebec. Development of the Kiena Deep exploration ramp and associated drilling platforms from the 1000 metre level was recently completed and drilling of the Kiena Deep A Zone is ongoing with three drill rigs. The initial drilling of 7 holes returned a number of encouraging intersections, including 39.6 g/t Au over 18.2 m core length (12.6 g/t cut, 10.4 m true width) in hole 6275 (See news release dated April 24, 2018). Drilling is ongoing and to date a total of twenty holes totaling approximately 6,850 metres have been completed into the A Zone. Mr. Duncan Middlemiss, President and CEO, commented “Assay results of Kiena Deep Zone A continue to return high grade results and further confirm continuity in this area. We are particularly excited that the drilling has extended the known mineralization at least 50 metres down plunge, and confirms the presence of three high grade lenses. This hole may represent a new style of mineralization at Kiena Deep and it indicates the potential for discovering additional mineralization in this wider and higher grade geologic horizon, that remains open down plunge and down dip. We plan to drill a twin hole in the near term to test this highly prospective area of the Kiena Deep deposit, and test for additional lenses within the A Zone. Additionally we have just moved a drill to a new platform which will concentrate on the Upper Quartz Vein Zone interpreted to be located above the ramp elevation. A fourth drill rig continues to test the VC Zone and S-50 Extension Zone auxiliary targets. Our goal remains to continue to better define the extent and geometry of gold mineralization in these areas in advance of an updated resource estimate by the end of the year.” | |
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