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Wesdome Gold Mines Ltd.
Summary
| Project: | Kiena | |
|---|---|---|
| Deposit: | Kiena | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/21/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 21-6-2017: Wesdome Gold Mines Ltd. announces an Exploration/Drilling Update report for its Kiena deposit at the Kiena project. Drilling results incl. 48.5m @ 2.48g/t Au from 1m . Toronto, Ontario – June 21, 2017 – Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesd | |
| Resources: | (Resource):2.5Mt @ 5.59g/t (M+I) & 1.6Mt @ 7.97g/t (Inf.) at Kiena | |
| CP/QP: | [Overall Report]: Marc Ducharme (Internal) | |
| ABSTRACT: | Toronto, Ontario – June 21, 2017 – Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) is pleased to provide an update on underground drilling activities and upcoming exploration ramp development at its 100% owned Kiena Mine Complex, in Val d'Or, Quebec. On May 3, 2017, Wesdome announced plans to drive an exploration ramp to provide enhanced drill coverage of the Kiena Deep discovery, which remains open at depth and along strike. The ramp is scheduled to commence in August and take 9 – 10 months to complete (see Figures 1, 2 and 3). The company has received bids from six qualified contractors with the aim to award the ramp development work by July 1st. As it currently stands, the Kiena Deep target cannot be traced further efficiently from existing workings. The Company expects to have initial new drill stations available to restart Kiena Deep drilling as early as September – October, 2017, concurrent with ramp development activities. The present drill program encompasses 2 drills tracing auxiliary targets, which are close to existing workings, open at depth, and demonstrate near-term development potential (see Figures 4, 5 and 6). Mr. Duncan Middlemiss, President and CEO, commented “The two drills currently underground at Kiena will focus on drilling other prospective targets including the VC and S50 Zones, which are located close to existing infrastructure. The current pause on the Kiena Deep exploration gives the Company ample opportunity to further delineate existing resources which could potentially aid in a recommencement of production in the short to mid-term.” | |
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