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Wesdome Gold Mines Ltd.
Summary
| Project: | Kiena | |
|---|---|---|
| Deposit: | Kiena | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/15/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 15-11-2016: Wesdome Gold Mines Ltd. announces an Exploration/Drilling Update report for its Kiena deposit at the Kiena project. Drilling results incl. 0.60m @ 749.96g/t Au from 478.90m. Toronto, Ontario – November 15 2016 – Wesdome Gold Mines Ltd. (TSX: W | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Marc Ducharme (Internal) | |
| ABSTRACT: | Toronto, Ontario – November 15 2016 – Wesdome Gold Mines Ltd. (TSX: WDO)(“Wesdome” or the “Company”) is pleased to provide an update of drilling progress at its 100% owned Kiena Mine Complex located in Val d’Or, Quebec. The new drilling continues to intersect high-grade gold values near the Kiena Deep drill results announced on August 24 and September 15, 2016. Compilation of the new drilling combined with previous results support the presence of at least two multi zone centres of mineralization that remain open to depth and along strike. 1) High-grade quartz veins in basalt centred at 1,100 metres depth (Upper Quartz Vein Zone), and 2) High-grade albitized stockwork vein-breccia systems centred at 1,200–1,300 metre depths (Lower Stockwork Zone) Mr. Duncan Middlemiss, President and CEO, commented, “The high-grade nature of these recent results have brought a renewed focus to this asset, especially in view of the property’s substantial resource base. The Kiena Complex is fully permitted, with a 930 metre shaft, a ramp system that accesses the 1000m Level, and a 2,000 tonne per day mill all in excellent condition. The potential for relatively low capital expenditure and a reduced development timeline is evident. We are concentrating efforts to advance this asset and are adding a fourth drill to expedite this exciting program.” New results are tabulated in the attached Table 1. Assay intervals in the detailed table include values cut to an arbitrary, historic 1 oz/ton or 34.28 g/t. Locations of the drill holes are shown in Figure 1, an isometric view looking northwest. Figure 2 provides the current wireframe interpretation of the Kiena Deep discovery. Figure 3 shows the ore outline of the S50 Zone on the 330 m level along with the location of the current drilling. We are testing a model that this S50 geometry potentially repeats at depth. | |
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