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Wesdome Gold Mines Ltd.
Summary
| Project: | Eagle River Complex | |
|---|---|---|
| Deposit: | Eagle River Mine, Mishi Mine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-4-2017: Wesdome Gold Mines Ltd. announces an Exploration/Drilling Update report for its Eagle River Mine, Mishi Mine deposit at the Eagle River Complex project. Drilling results incl. 3.50m @ 39.41g/t Au from 93.50m. Wesdome Gold Mines Ltd. (TSX: WDO) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: George N. Mannard (Internal) | |
| ABSTRACT: | Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) is pleased to update drilling results from its Eagle River and Mishi gold mines, Wawa, Ontario. Recent underground drilling results have extended the 300W Zone 250 metres above the 942 metre level drift. The 300 Zone is a recently recognized structure located 300-400 metres north of the main 8 Zone structure which has provided the bulk of the Eagle River Mines’ production over the last 20 years. Mr. Duncan Middlemiss, President and CEO commented, “These results bode well for diversifying production locations above existing development. Recent success in both the 300E and 300W areas enhance opportunities to bring above average grades into the mine sequence over the short to medium term.” Drilling commenced in January, 2017 at Mishi Mine, with 2 drills . The purpose of the drilling is to define and delineate potential resources 600 metres and 1,700 metres west of current open pit mining operations. Drilling 1,700 metres west of the pit is designed to delineate mineralization at 50 metre centres peripheral to hole BC16-80 which was drilled in 2016 and encountered 4.28 g/t over 13.5 m true width on section 1700E. Drilling results here are at an early stage. Initial results indicate wide, near-surface, low grade, disseminated mineralization. Mr. Middlemiss concluded, “We are aggressively drilling an additional 1.5 kilometre length of the Mishi gold deposit. The purpose of the drill program is to expand resources, and results will enable us to assess long term growth potential at the Eagle River Complex.” Mineralization at Mishi consists of a series of tabular sericite-ankerite alteration zones carrying fine disseminated pyrite and 10% smokey quartz veinlets and lenses. | |
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