For thousands of other reports visit RSC's Mineral Intellingence Map
Wesdome Gold Mines Ltd.
Summary
| Project: | Eagle River Complex | |
|---|---|---|
| Deposit: | Eagle River Mine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/12/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-2-2020: Wesdome Gold Mines Ltd. announces an Exploration/Drilling Update report for its Eagle River Mine deposit at the Eagle River Complex project. Drilling results incl. 0.5m @ 2690.00g/t Au from 114.5m. TORONTO, Feb. 12, 2020 -- Wesdome Gold Mines L | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Micheal Michaud (Internal) | |
| ABSTRACT: | TORONTO, Feb. 12, 2020 -- Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) today announces results from the ongoing underground and surface exploration drilling program at the Company’s wholly-owned Eagle River Mine in Wawa, Ontario. Surface drilling continues to extend and better define the Falcon Zones, located in volcanic rocks approximately 200 metres (“m”) west of the mine diorite (see press release dated June 6, 2019). The Falcon Zones occur near the contact between tholeiitic mafic volcanic and calc-alkaline felsic to intermediate volcanics, which are commonly sheared with biotite-sericite altered and laminated quartz veins with visible gold. Surface drilling has continued to expand the zone of mineralization to a depth of 4400 m elevation (i.e. 600 vertical m below surface) and over a strike of 200 m. In order to better test the down plunge extension of the Falcon Zone, a drill rig has been positioned underground on the 772 m elevation. Initial drilling from underground has intersected visible gold mineralization in quartz veining approximately 70 m down plunge of the Falcon Zone. Assaying of this hole returned 160.5 g/t Au over 3.9 metres (Figure 1 and 2). Given the steep easterly plunge defined by the recent drilling, it is interpreted that the Falcon 7 Zone now extends an additional 500 m down plunge and is the up plunge extension of the 7 Zone currently being mined near the 1,000 m elevation. This down plunge extension of the Falcon Zone is located proximal to existing mine infrastructure, and as such, remains one of the priorities for surface and underground drilling in the first half of 2020. The Falcon Zones have the potential to provide additional workplaces required to increase the tonnage milled from Eagle River underground. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report