For thousands of other reports visit RSC's Mineral Intellingence Map
Wesdome Gold Mines Ltd.
Summary
| Project: | Kiena | |
|---|---|---|
| Deposit: | Kiena | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/25/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 25-9-2019: Wesdome Gold Mines Ltd. announces a Resource Estimation report for its Kiena deposit at the Kiena project. Updated mineral resource estimate for project. TORONTO, Sept. 25, 2019 -- Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) | |
| Resources: | (Resource): 2.83Mt @ 8.67g/t Au (Ind) and 2.92Mt @ 8.51g/t Au (Inf) at Kiena total | |
| CP/QP: | [Resources]: Karine Brousseau, Pierre-Luc Richard (Internal;BBA Inc.) | |
| ABSTRACT: | TORONTO, Sept. 25, 2019 -- Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) is pleased to announce an updated mineral resource estimate at its 100% owned Kiena Mine Complex, in Val d'Or, Québec. The updated Mineral Resource Estimate includes drill data as of August 6, 2019 and includes an additional 140 drill holes, for a total of 36,050 m drilled since October 12, 2018 being the close-out date for the Kiena mineral resource estimate announced on December 12, 2018 (the “2018 Interim Mineral Resource Estimate”). Of these 140 new drill holes, 66 are in Kiena Deep A Zones, resulting in the inclusion of an additional 18,365 m of drill data. The drilling information was used to update the interpretation of the geologic model, geometry of the mineralized zones and domains resulting in a higher degree of confidence in the resource estimate; in particular, the grade capping and interpolation parameters. Mr. Duncan Middlemiss, President and CEO commented, “We are very pleased with the updated mineral resource estimate of the Kiena Mine Complex. Our work has continued to grow and better define the high grade Kiena Deep A Zones and we are confident that the mineral resource will increase as a result of the ongoing drilling of this high grade area, that remains open up and down plunge. These updated results provide us the opportunity to commence our technical studies supporting a potential restart, as we continue to drill and expand the current resource base during the remainder of 2019 and beyond.” “Five drills are in operation on the A Zone and remain focused on the up and down plunge potential of the Kiena Deep A Zone that is not currently in the mineral resource estimate, as well as continuing the infill drilling to convert Inferred to Indicated resources. In addition, the development of the 79 m-level exploration drift is underway and will provide an improved drill platform to test the down plunge extensions of the VC6 and VC1 zones and the transition to the A Zone further down along the same structure.” “Work is currently underway on a Preliminary Economic Assessment, expected in H1 2020 and this will determine next steps and timing of potentially restarting mine operations.” | |
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