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Wesdome Gold Mines Ltd.
Summary
| Project: | Eagle River Mine | |
|---|---|---|
| Deposit: | Eagle River Mine, Mishi | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/15/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 15-9-2016: Wesdome Gold Mines Ltd. announces an Exploration/Drilling Update report for its Eagle River Mine, Mishi deposit at the Eagle River Mine project. Drilling results incl. 4.8m @ 32.39g/t Au from 120m. Toronto, Ontario – September 15, 2016 – Wesdom | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Marc Ducharme, George Mannard, Philip Ng (Internal) | |
| ABSTRACT: | Toronto, Ontario – September 15, 2016 – Wesdome Gold Mines Ltd. (TSX: WDO) is pleased to update exploration and development results at its producing mines and advanced exploration projects. Underground exploration and development work to date is proving up continuity and expanding the footprint of recently recognized parallel structures (No. 7 and 300 Zones) in the western portion of the mine north of the main 8 Zone structure. Recent development and drilling results suggest potential for significant extensions up-plunge to shallower depths. Both zones remain open at depth and have been traced to 1,200 metres depth. Surface drilling is providing a first pass evaluation of the potential of the previously untested north portion of the mine diorite at 200 metre intervals over a 1.6 km strike length. As a result of the operations review conducted by newly appointed President and CEO Duncan Middlemiss, the Company is revising its 2016 production guidance to range between 45,000 – 50,000 ounces (previously 54,000 – 60,000 ounces). The Company will continue its focus on development into higher grade areas of the mine with initial stope production from the 7 Zone expected in the 4th quarter of 2016, well ahead of schedule. This will enable stope production from multiple high grade areas within the Eagle River Mine earlier than expected. | |
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