Wesdome Announces Ongoing Exploration Drilling Expands Kiena Deep A Zone Up and Down Plunge

 
Download as PDF Published on: April 25, 2019

TORONTO, April 25, 2019 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) today announces additional results from the ongoing underground definition and exploration drilling of the Kiena Deep A Zone at its 100% owned Kiena Mine Complex, in Val d\'Or, Quebec.

Since the October 12th cut off date for drill data used in the recent resource estimate released on December 12, 2018, four drills have been in operation on the 1050 metre level (“m level”) exploration ramp completing the infill and immediate plunge extension drilling, and a 5th drill on the 670 m level to test the interpreted up plunge extension of the Kiena Deep A Zone towards the VC zone area. Since October 12th, approximately 16,910 m in 64 holes have been added to the Kiena Deep A Zone, in addition to a number of additional exploration holes within the immediate vicinity.

Mr. Duncan Middlemiss, President and CEO commented, “We are very pleased with the recent drilling that has continued to return very high-grade results both up and down plunge from the area of the present resource estimate and we are confident this will continue to grow. Furthermore, to test whether the A Zone extends from the 1050 m to the 670 m level, initial drilling from 670 m level was located directly up plunge from the uppermost known extents of A Zone (~1050 m Level). This initial drilling intersected gold mineralization within the ultramafic schist similar to the A1 and A2 zones below, but did not immediately intersect the A Zone style of mineralization along the schist-basalt contact. However, subsequent drilling did intersect more characteristic A Zone style of gold mineralization i.e. VG in quartz veins along the basalt-schist contact. It is now interpreted that the schist splits into 2 zones on either side of a thicker portion of basalt. The recent drilling on the northeastern flank of the two schists intersected VG mineralization in quartz veining at the schist-basalt contact at the 980 m level and is similar to the A Zone style of mineralization defined at lower elevations. It is interpreted that this schist-basalt contact extends from the known A Zone to the VC zone area (670m level) and has potential to host additional A Zone style of mineralization along its plunge length. Obviously, given the potential to host additional high grade mineralization along this contact, this will be an immediate focus for the drilling to better understand the geological context of this sparsely drilled sector. Both schists have the potential to host gold mineralization similar to the A1 and A2 zones found in the footwall to the main A zone and thus far, drilling has also intersected the A Zone style of mineralization along the northeastern flank. We believe this is a very positive development and look forward to testing both these structures. Our 2019 underground exploration program calls for 50,000 m of drilling in preparation for an updated resource estimate later in the year. This information will then lead into a Preliminary Economic Assessment and next steps will be determined at that juncture.”

The ongoing definition/infill drilling has continued to confirm the overall continuity of the geometry and the high grade gold mineralization of the Kiena Deep A Zone (see Figure 1A and 1B – Plan View). The objective of this definition drilling is to better define the high grade mineralization between the previous wide spaced drilling and along the margins of the zone not included in the previous resource estimate, and also to improve our confidence for improved resource estimation categorization.

Additionally, the ongoing drilling has continued to expand the Kiena Deep A Zone up and down plunge (Figure 2 – 3D Model). Down plunge, the zone has been extended 60-100 m and shows good continuity (see Figure 3– Cross-Section). Up plunge, drilling has now extended the A zone over 70-100 m since the December 12th resource estimate extending zone above the 1050 level.

Highlights of the new drilling are listed below and summarized in Table 1.

Highlights:

Kiena Deep A Zone

  • Hole 6404: 18.2 g/t Au over 11.0 m core length (18.2 g/t Au cut, 6.0 m true width) A2 zone
  • Hole 6406: 66.4 g/t Au over 10.4 m core length (23.4 g/t Au cut, 5.2 m true width)
  • Hole 6419: 16.8 g/t Au over 9.1 m core length (16.8 g/t Au cut, 8.5 m true width)  
  • Hole 6421: 51.3 g/t Au over 10.3 m core length (25.0 g/t Au cut, 3.1 m true width)
  • Hole 6427: 18.3 g/t Au over 12.9 m core length (18.3 g/t Au cut, 4.8 m true width)
  • Hole 6446: 81.3 g/t Au over 3.1 m core length (24.8 g/t Au cut, 3.0 m true width)

All assays cut to 90.0 g/t Au. True widths are estimated.

Drilling from 670m level is continuing to test the potential up plunge of the A Zone in the vicinity of the VC zone area. The schist is interpreted to split into 2 zones on either side of a thicker portion of basalt (Figure 4).  Drilling on the eastern splay of the schist was initially completed as follow-up to historic hole 6146 that returned 6.7 g/t Au over 11.0 m at the 980 m level from VG in a quartz vein similar to that of the A Zone. One adjacent recent hole, 6437, returned 6.9 g/t Au over 7.0 m. Other recent holes have also intersected VG in quartz veins similar to the A Zone and are currently being assayed. Given the potential, this area is now the focus for the drilling from the 670 and 1050 levels.

TECHNICAL DISCLOSURE

The technical and geoscientific content of this release has been compiled, reviewed and approved by Bruno Turcotte, P.Geo., (OGQ #453) Senior Project Geologist of the Company and a "Qualified Person" as defined in National Instrument 43-101 -Standards of Disclosure for Mineral Projects.

Analytical work was performed by Techni-Lab (ActLabs) of Ste-Germaine-Boule (Quebec), a certified commercial laboratory (SCC Accredited Lab #707) and by ALS Minerals of Val-d’Or (Quebec), a certified commercial laboratory (Accredited Lab #689) . Sample preparation was done at Techni-Lab (ActLabs) and at ALS Minerals, both  in Val d\'Or (Quebec).  Assaying was done by fire assay methods with an atomic absorption finish.  Any sample assaying >3 g/t Au was rerun with by fire assay method with gravimetric finish, and any sample assaying >10 g/t Au was rerun with the metallic sieve method in both laboratories.  In addition to laboratory internal duplicates, standards and blanks, the geology department inserts blind duplicates, standards and blanks into the sample stream at a frequency of one in twenty to monitor quality control.

ABOUT WESDOME
Wesdome Gold Mines has had over 30 years of continuous gold mining operations in Canada.  The Company is 100% Canadian focused with a pipeline of projects in various stages of development.  The Company’s strategy is to build Canada’s next intermediate gold producer, producing 200,000+ ounces from two mines in Ontario and Quebec.  The Eagle River Complex in Wawa, Ontario is currently producing gold from two mines, the Eagle River Underground Mine and the Mishi Open pit, from a central mill.  Wesdome is actively exploring its brownfields asset, the Kiena Complex in Val d’Or, Quebec.  The Kiena Complex is a fully permitted former mine with a 930-metre shaft and 2,000 tonne-per-day mill.  The Company has further upside at its Moss Lake gold deposit, located 100 kilometres west of Thunder Bay, Ontario.  The Company has approximately 135.8 million shares issued and outstanding and trades on the Toronto Stock Exchange under the symbol “WDO”.

For further information, please contact:
   
Duncan Middlemiss
President and CEO
416-360-3743  ext. 2029
dmiddlemiss@wesdome.com
orLindsay Carpenter Dunlop
VP Investor Relations
416-360-3743  ext. 2025
ldunlop@wesdome.com
   
220 Bay St, Suite 1200
Toronto, ON, M5L 1E9
Toll Free: 1-866-4-WDO-TSX
Phone: 416-360-3743, Fax: 416-360-7620
Website: www.wesdome.com
  

This news release contains “forward-looking information” which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management’s estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. The Company has included in this news release certain non-IFRS performance measures, including, but not limited to, mine operating profit, mining and processing costs and cash costs. Cash costs per ounce reflect actual mine operating costs incurred during the fiscal period divided by the number of ounces produced.  These measures are not defined under IFRS and therefore should not be considered in isolation or as an alternative to or more meaningful than, net income (loss) or cash flow from operating activities as determined in accordance with IFRS as an indicator of our financial performance or liquidity. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company\'s performance and ability to generate cash flow

Table 1: Kiena Deep A Zone Drilling Results

Composites

Hole No.From
(m)
To (m)Core
Length (m)
Estimated
True width
(m)
Grade
(g/t Au)
Cut Grade (90
g/t Au)
Name Zone
6395178.0180.82.82.66.246.24A Zone
        
6395188.0191.03.02.94.184.18A1 Zone
        
6396199.3200.71.41.4103.2132.50A1 Zone
        
6399111.5114.83.32.33.353.35A Zone
        
6401422.0423.01.00.931.4531.45A Zone
        
6401455.6458.22.62.139.4039.40A1 Zone
        
640472.578.56.04.35.475.47A Zone
        
640481.584.53.02.94.124.12A1 Zone
        
640498.5109.511.06.018.2018.20A2 Zone
        
640651.962.310.45.266.4123.36A Zone
        
640694.796.92.22.2108.4121.37A2 Zone
        
6408421.9424.72.82.043.1139.36A Zone
        
6410459.3460.41.11.0116.8242.28A Zone
        
6412168.1172.24.13.510.9410.94A Zone
        
6415176.5184.07.56.05.845.84A Zone
        
6418A337.8339.01.21.125.4025.40A Zone
        
6418A361.9366.34.43.817.2512.59A2 Zone
        
641947.756.89.18.516.8316.83A Zone
        
641969.774.75.04.88.958.95A1 Zone
        
642138.048.310.33.151.3125.00A Zone
        
642257.861.73.93.144.1222.48A Zone
        
6427591.1604.012.94.818.4118.41A Zone
Including591.1596.85.72.136.9736.97A Zone
        
6428A173.4176.43.02.58.328.32A Zone
        
6428A182.4185.73.32.612.2212.22A1 Zone
        
6429178.0180.02.01.83.343.34A Zone
        
6430158.0161.83.83.64.914.91A Zone
        
6437321.0328.07.03.06.926.92A Zone
        
6439326.8328.31.50.57.127.12A Zone
        
644666.869.93.13.081.2824.76A Zone
        
644678.080.62.62.09.619.61A2 Zone

Assays

Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
6395178.0179.01.00.250.25A Zone
6395179.0180.01.00.420.42A Zone
6395180.0180.80.821.0021.00A Zone
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
6395188.0189.01.05.735.73A1 Zone
6395189.0190.01.00.110.11A1 Zone
6395190.0191.01.06.706.70A1 Zone
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
6396199.3199.80.5288.0090.00A1 Zone
6396199.8200.70.90.550.55A1 Zone
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
6399111.5112.81.30.930.93A Zone
6399112.8113.81.00.060.06A Zone
6399113.8114.81.07.577.57A Zone
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
6401422.0423.01.031.4531.45A Zone
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
6401455.6456.91.360.6260.62A1 Zone
6401456.9458.21.318.1718.17A1 Zone
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
640472.573.51.00.940.94A Zone
640473.574.71.29.109.10A Zone
640474.775.91.20.410.41A Zone
640475.977.11.26.016.01A Zone
640477.178.51.49.469.46A Zone
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
640481.583.01.52.532.53A1 Zone
640483.084.51.55.705.70A1 Zone
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
640498.599.00.572.1072.10A2 Zone
640499.099.80.827.6027.60A2 Zone
6404100.8101.70.931.4031.40A2 Zone
6404101.7102.91.219.3019.30A2 Zone
6404102.9103.40.56.796.79A2 Zone
6404103.4104.41.00.210.21A2 Zone
6404104.4105.41.012.4012.40A2 Zone
6404105.4106.41.00.190.19A2 Zone
6404106.4107.51.10.640.64A2 Zone
6404108.0109.51.56.916.91A2 Zone
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
640651.952.60.710.0510.05A Zone
640652.653.30.70.080.08A Zone
640653.354.31.054.1054.10A Zone
640654.355.31.010.5010.50A Zone
640655.356.31.05.705.70A Zone
640656.356.80.532.0032.00A Zone
640656.857.81.00.560.56A Zone
640657.858.70.924.6024.60A Zone
640658.759.60.959.9059.90A Zone
640659.660.30.7713.0090.00A Zone
640660.361.31.02.312.31A Zone
640661.362.31.01.841.84A Zone
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
640694.795.50.81.581.58A2 Zone
640695.5960.5473.0090.00A2 Zone
64069696.90.90.830.83A2 Zone
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
6408421.9422.91.0100.5090.00A Zone
6408422.9423.80.921.6021.60A Zone
6408423.8424.70.90.860.86A Zone
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
6410459.3459.80.5254.0090.00A Zone
6410459.8460.40.62.512.51A Zone
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
6412168.1168.80.71.031.03A1 Zone
6412168.8169.81.00.040.04A1 Zone
6412169.8170.81.00.060.06A1 Zone
6412170.8171.70.90.160.16A1 Zone
6412171.7172.20.587.8087.80A1 Zone
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
6415176.5177.61.14.414.41A Zone?
6415177.6178.81.27.137.13A Zone?
6415178.8180.01.212.5512.55A Zone?
6415180.0181.01.03.613.61A Zone?
6415181.0182.01.02.842.84A Zone?
6415182.0183.01.03.773.77A Zone?
6415183.0184.01.05.105.10A Zone?
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
6418A337.8338.50.70.110.11A Zone
6418A338.5339.00.560.8060.80A Zone
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
6418A361.9362.40.5131.0090.00A2 Zone
6418A362.4363.41.00.340.34A2 Zone
6418A363.4364.41.00.130.13A2 Zone
6418A364.4365.30.90.090.09A2 Zone
6418A365.3366.31.09.849.84A2 Zone
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
641947.748.71.06.116.11A Zone
641948.749.71.02.552.55A Zone
641949.750.71.00.110.11A Zone
641950.751.50.82.252.25A Zone
641951.552.20.713.5513.55A Zone
641952.252.90.721.3021.30A Zone
641952.953.91.022.0022.00A Zone
641953.954.91.07.387.38A Zone
641954.955.80.90.160.16A Zone
641955.856.81.088.7088.70A Zone
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
641969.770.20.579.9079.90A1 Zone
641970.270.70.50.400.40A1 Zone
641970.771.71.00.070.07A1 Zone
641971.772.50.80.760.76A1 Zone
641972.573.81.3*0.00*0.00A1 Zone
641973.874.70.94.384.38A1 Zone
* Core not recovery    
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
642138.038.90.971.0071.00A Zone
642138.939.91.00.080.08A Zone
642139.941.01.11.341.34A Zone
642141.042.01.00.060.06A Zone
642142.043.01.00.080.08A Zone
642143.044.01.00.790.79A Zone
642144.045.01.00.120.12A Zone
642145.046.21.21.661.66A Zone
642146.247.31.1325.0090.00A Zone
642147.348.31.0102.5090.00A Zone
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
642257.858.60.80.940.94A Zone
642258.659.30.71.011.01A Zone
642259.360.10.88.238.23A Zone
642260.160.90.8195.5090.00A Zone
642260.961.70.89.539.53A Zone
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
6427591.1591.80.711.1511.15A Zone
6427591.8592.81.083.3083.30A Zone
6427592.8593.81.036.2036.20A Zone
6427593.8594.81.056.4056.40A Zone
6427594.8595.81.025.1025.10A Zone
6427595.8596.81.012.1012.10A Zone
6427596.8597.81.01.861.86A Zone
6427597.8598.50.71.321.32A Zone
6427598.5599.30.80.220.22A Zone
6427599.3600.31.00.190.19A Zone
6427600.3601.31.04.204.20A Zone
6427601.3602.31.05.335.33A Zone
6427602.3603.31.00.500.50A Zone
6427603.3604.00.74.864.86A Zone
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
6428A173.4174.41.03.223.22A Zone
6428A174.4175.41.00.150.15A Zone
6428A175.4176.41.021.6021.60A Zone
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
6428A182.4182.90.541.9041.90A1 Zone
6428A182.9183.80.90.020.02A1 Zone
6428A183.8184.70.90.050.05A1 Zone
6428A184.7185.71.019.3019.30A1 Zone
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
6429178.0179.01.06.456.45A Zone
6429179.0180.01.00.220.22A Zone
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
6430158.0158.50.522.4022.40A Zone
6430158.5159.40.90.420.42A Zone
6430159.4160.41.00.070.07A Zone
6430160.4161.30.90.070.07A Zone
6430161.3161.80.513.9013.90A Zone
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
6437321.0321.70.75.245.24A Zone
6437321.7322.20.56.366.36A Zone
6437322.2323.31.10.170.17A Zone
6437323.3324.41.110.9510.95A Zone
6437324.4325.51.10.090.09A Zone
6437325.5326.00.541.5041.50A Zone
6437326.0327.51.51.381.38A Zone
6437327.5328.00.512.8512.85A Zone
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
6439326.8327.30.51.111.11A Zone
6439327.3327.80.515.6015.60A Zone
6439327.8328.30.50.450.45A Zone
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
644666.868.11.31.601.60A Zone
644668.168.90.8309.090.00A Zone
644668.969.91.02.682.68A Zone
       
Hole
No.
From
(m)
To
(m)
Core Length
(m)
Grade (g/t
Au)
Cut Grade (90 g/t
Au)
Name Zone
644678.079.01.03.163.16A2 Zone
644679.080.11.12.842.84A2 Zone
644680.180.60.537.437.4A2 Zone

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