Mr. Duncan Middlemiss reports
WESDOME ANNOUNCES EXTENSION OF EXPLORATION RAMP AT KIENA DEEP A ZONE BASED ON CONTINUED HIGH GRADE DRILLING RESULTS AND EXPANSION OF ZONE
Wesdome Gold Mines Ltd. has released additional high-grade results from the Kiena Deep A zone, and plans for additional underground ramp development to test the on-strike and downdip potential that remains open.
New drilling results from seven drill holes continue to return high-grade values from multiple zones comprising the Kiena Deep A zone. The new holes support the northern and southern extensions of the mineralization beyond a 350-metre strike length as identified by previous drilling announced in a news release dated June 26, 2018. Highlights of the new drilling are listed and summarized herein.
Highlights
Kiena Deep A zone:
- Hole 6325: 138.0 grams per tonne gold over 13-metre core length (16.4 g/t Au cut, 8.1-metre true width);
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Hole 6317: 17.8 g/t Au over 10.4-metre core length (5.3 g/t Au cut, 10.4-metre true width);
- Hole 6326: 37.0 g/t Au over 3.6-metre core length (7.0 g/t Au cut, 3.6-metre true width);
- Hole 6332: 58.3 g/t Au over 3.8-metre core length (12.2 g/t Au cut, 2.4-metre true width).
All assays cut to 34.28 grams per tonne gold. True widths are estimated.
Following the continued success of the continuing diamond drill program in the Kiena Deep A zone, the company will extend the current exploration ramp by 450 metres at a cost of $2.4-million. The additional development is planned to be completed early in the fourth quarter and is required to explore the possible plunge extension of the Kiena Deep A zone to the northwest, southeast and downdip. The new development will allow diamond drilling to be completed from a more optimal direction (that is, to the northwest) to intersect the steeply plunging zone to the southeast and provide drilling platforms that will allow definition drilling in the central area of the Kiena Deep A zone. The enhanced drill platforms will also facilitate the drilling of several stepout exploration holes to illustrate the potential expansion of the zone.
Duncan Middlemiss, president and chief executive officer, commented: "Following the continued success of the Kiena Deep A zone underground drilling program, we have decided to immediately extend drill drifts located off of the ramp by 450 metres, in order to effectively test the size of this deposit and complete infill drilling more quickly. The planned 104 and 105 drift extensions are favourably located in an area to commence mining and development of the possible up-plunge extension of the A zone in any restart scenario. The 102 and 104 drifts will be developed first, and diamond drilling will commence from these platforms once completed. A fourth drill will then be moved from the VC zone to the Kiena Deep A zone in late third quarter. The cost of the ramp extension will be funded internally, without material increases to the 2018 budget. We remain committed to developing a resource estimate in the fourth quarter, and this development will greatly aid our understanding of this exciting discovery."
In particular, the 104 and 105 drift extensions will provide an opportunity to further explore the northwest sector of the Kiena Deep A zone and follow up on hole 6146 that intersected 6.63 g/t over 11.0 metres from a zone located over 150 metres to the northwest of our current drilling and could represent the up-plunge extension of the A zone. This mineralization is located almost 50 metres higher in elevation than the current ramp development. Additionally, the Bay 4 and 102 extension drifts will provide an excellent opportunity to extend the gold mineralization on the southeast side of the 103 drift and to follow up on hole 6299 that intersected multiple zones and returned 77.4 g/t Au over 14.4 metres and remains open to the southeast down plunge (see news release dated May 17, 2018).
Technical disclosure
The technical and geoscientific content of this release has been compiled, reviewed and approved by Bruno Turcotte, PGeo, (OGQ No. 453) senior project geologist of the company, 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 No. 707). Sample preparation was done at Techni-Lab (ActLabs) in Val d'Or (Quebec). Assaying was done by fire assay methods, and all samples with visible gold were assayed by metallic sieve method at Techni-Lab (ActLabs) laboratory in Ste-Germaine-Boule (Quebec). 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 20 to monitor quality control.
About Wesdome Gold Mines Ltd.
Wesdome Gold Mines has had over 30 years of continuous gold mining operations in Canada. The company is 100 per cent Canadian focused with a pipeline of projects in various stages of development.
KIENA DEEP ZONE A DRILLING RESULTS
Hole No. From To Core length Estimated true Grade Cut grade Name zone
(m) (m) (m) width (m) (g/t Au) (g/t Au)
6317 74.1 84.5 10.4 10.4 17.79 5.33 A zone
6320A 256.3 259.4 3.1 3.1 2.89 2.89 A zone
6320A 273.4 277.9 4.5 4.5 7.06 6.43 A1 zone
6320A 354.4 359.6 5.2 4.6 11.66 8.39 A2 zone
6323 79.9 90.8 10.9 10.9 6.73 6.73 A zone
6324 75 82.5 7.5 7.5 5.35 4.68 A zone
6325 489.0 502.0 13.0 8.1 138.04 16.42 A zone
Including 491.3 497.1 5.8 3.3 293.69 29.03 A zone
6326 260.4 264.0 3.6 3.6 37.03 6.99 A zone
6332 88.8 92.6 3.8 2.4 58.30 12.22 A zone
ASSAYS
Hole No. From (m) To (m) Core length (m) Grade (g/t Au) Cut grade (g/t Au) Name zone
6317 74.1 74.8 0.7 21.47 21.47 A zone
6317 74.8 75.8 1.0 0.62 0.62 A zone
6317 75.8 76.8 1.0 0.06 0.06 A zone
6317 76.8 77.5 0.7 0.03 0.03 A zone
6317 77.5 78.0 0.5 293.35 34.28 A zone
6317 78.0 78.9 0.9 0.87 0.87 A zone
6317 78.9 79.8 0.9 0.02 0.02 A zone
6317 79.8 80.7 0.9 0.02 0.02 A zone
6317 80.7 81.6 0.9 0.16 0.16 A zone
6317 81.6 82.4 0.8 17.44 17.44 A zone
6317 82.4 83.5 1.1 0.05 0.05 A zone
6317 83.5 84.5 1.0 7.60 7.60 A zone
Hole No. From (m) To (m) Core length (m) Grade (g/t Au) Cut grade (g/t Au) Name zone
6320A 256.3 257.2 0.9 0.72 0.72 A zone
6320A 257.2 258.4 1.2 6.74 6.74 A zone
6320A 258.4 259.4 1.0 0.22 0.22 A zone
Hole No. From (m) To (m) Core length (m) Grade (g/t Au) Cut grade (g/t Au) Name zone
6320A 273.4 274.1 0.7 38.31 34.28 A1 zone
6320A 274.1 275.0 0.9 2.82 2.82 A1 zone
6320A 275.00 276.0 1.0 0.53 0.53 A1 zone
6320A 276.00 277.0 1.0 0.14 0.14 A1 zone
6320A 277.00 277.9 0.9 1.95 1.95 A1 zone
Hole No. From (m) To (m) Core length (m) Grade (g/t Au) Cut grade (g/t Au) Name zone
6320A 354.4 355.4 1.0 1.12 1.12 A2 zone
6320A 355.4 356.4 1.0 0.61 0.61 A2 zone
6320A 356.40 357.4 1.0 0.10 0.10 A2 zone
6320A 357.40 358.4 1.0 0.68 0.68 A2 zone
6320A 358.40 359.6 1.2 48.45 34.28 A2 zone
Hole No. From (m) To (m) Core length (m) Grade (g/t Au) Cut grade (g/t Au) Name zone
6323 79.9 80.6 0.7 9.16 9.16 A zone
6323 80.6 81.6 1.0 0.02 0.02 A zone
6323 81.6 82.6 1.0 0.01 0.01 A zone
6323 82.6 83.6 1.0 0.05 0.05 A zone
6323 83.6 84.6 1.0 0.01 0.01 A zone
6323 84.6 85.6 1.0 0.09 0.09 A zone
6323 85.6 86.6 1.0 30.93 30.93 A zone
6323 86.6 87.6 1.0 19.61 19.61 A zone
6323 87.6 88.6 1.0 4.28 4.28 A zone
6323 88.6 89.6 1.0 6.28 6.28 A zone
6323 89.6 90.8 1.2 4.75 4.75 A zone
Hole No. From (m) To (m) Core length (m) Grade (g/t Au) Cut grade (g/t Au) Name zone
6324 75.0 75.9 0.9 6.36 6.36 A zone
6324 75.9 77.0 1.1 0.41 0.41 A zone
6324 77.0 78.0 1.0 0.42 0.42 A zone
6324 78.0 79.0 1.0 10.08 10.08 A zone
6324 79.0 80.0 1.0 0.23 0.23 A zone
6324 80.0 81.0 1.0 0.83 0.83 A zone
6324 81.0 82.0 1.0 0.19 0.19 A zone
6324 82.0 82.5 0.5 44.43 34.28 A zone
Hole No. From (m) To (m) Core length (m) Grade (g/t Au) Cut grade (g/t Au) Name zone
6325 489.0 489.8 0.8 1.67 1.67 A zone
6325 489.8 490.3 0.5 3.24 3.24 A zone
6325 490.3 491.3 1.0 1.46 1.46 A zone
6325 491.3 492.0 0.7 14.03 14.03 A zone
6325 492.0 492.5 0.5 79.72 34.28 A zone
6325 492.5 493.2 0.7 57.37 34.28 A zone
6325 493.2 494.7 1.5 886.84 34.28 A zone
6325 494.7 495.5 0.8 249.86 34.28 A zone
6325 495.5 496.3 0.8 90.28 34.28 A zone
6325 496.3 497.1 0.8 13.96 13.96 A zone
6325 497.1 498.0 0.9 0.42 0.42 A zone
6325 498.0 499.0 1.0 1.74 1.74 A zone
6325 499.0 500.0 1.0 0.31 0.31 A zone
6325 500.0 500.5 0.5 14.48 14.48 A zone
6325 500.5 501.0 0.5 126.44 34.28 A zone
6325 501.0 502.0 1.0 13.79 13.79 A zone
Hole No. From (m) To (m) Core length (m) Grade (g/t Au) Cut grade (g/t Au) Name zone
6326 260.4 261.3 0.9 0.23 0.23 A zone
6326 261.3 262.0 0.7 188.75 34.28 A zone
6326 262.0 263.0 1.0 0.74 0.74 A zone
6326 263.0 264.0 1.0 0.22 0.22 A zone
Hole No. From (m) To (m) Core length (m) Grade (g/t Au) Cut grade (g/t Au) Name zone
6332 88.8 89.6 0.8 2.01 2.01 A zone
6332 89.6 90.6 1.0 0.74 0.74 A zone
6332 90.6 91.6 1.0 209.37 34.28 A zone
6332 91.6 92.6 1.0 9.81 9.81 A zone
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