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Wesdome Gold Mines Ltd.

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Summary

Project:

Kiena

Deposit:Kiena
Location:Canada
Commodities:Gold
Date:2/8/2018
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Mine in Care & Maintenance
Report details:8-2-2018: Wesdome Gold Mines Ltd. announces an Exploration/Drilling Update report for its Kiena deposit at the Kiena project. Drilling results incl. 3m @ 98.51g/t Au from 51.7m. Toronto, Ontario – February 8, 2018 – Wesdome Gold Mines Ltd. (TSX: WDO) (“We
Resources:(Resource, M+I): 2.5Mt @ 5.59g/t Au for 449koz contained at project
CP/QP:[Overall Report]: Marc Ducharme (Internal)
ABSTRACT:Toronto, Ontario – February 8, 2018 – Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) is pleased to provide an update on underground drilling activities and current exploration ramp development at its 100% owned Kiena Mine Complex, in Val d'Or, Quebec. Development of the Kiena Deep exploration ramp at the 1000 metre level commenced early August 2017 with 677 linear metres completed to date and is expected to be completed by the end of March 2018. In sequence with the ongoing ramp development, drilling of the Kiena Deep resumed on Zone B and the untested gap between Zone B and Zone A. Comparatively, Zone B is a lower grade, wider zone of quartz stockwork and gold mineralization compared to Zone A and the Upper Quartz zone, that consist of predominantly quartz veins and breccias. Drilling of the Zone A and Upper Quartz of the Kiena Deep is expected to commence in March and April, respectively. A second drill was mobilized to drill station #4 early December to delineate the deeper part of the Kiena Deep Zone B sector. To date, 19 holes from drill station #2 at the 1000 metre level and 5 holes from drill station #4 at the 1002 metre level have been completed. Drilling confirms the existence of a multi-vein quartz stockwork/breccia system occurring near altered and deformed komatiite-tholeiitic basalt contacts. Early results from Kiena Deep B zone indicate moderate to locally higher gold grades obtained with occasional visible gold observed (see below highlights, Figure 1 and Table 1). Additionally, the new platforms on the ramp have enabled us to drill shorter, more accurate holes, significantly improving drilling performance.

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