Mr. Duncan Middlemiss reports
ONGOING EXLORATION OF KIENA DEEP A ZONE CONTINUES TO RETURN HIGH GRADES AND IDENTIFIES SIGNIFICANT UP PLUNGE POTENTIAL
Wesdome Gold Mines Ltd. has released additional high-grade results from the continuing underground exploration drilling of the Kiena Deep A zone at its 100-per-cent-owned Kiena mine complex in Val d'Or, Que. Additionally, drilling has identified a well-defined plunge, that extrapolated up plunge into areas of historical drilling, indicates that the mineralization could extend up plunge an additional 250 metres, while the down plunge and downdip extensions of the zone remain open.
Recent drilling has extended the gold mineralization of the A zone beyond a 350-metre strike length announced in a news release dated June 26, 2018. Today's drill results have continued to extend the zone of mineralization an additional 50 metres down plunge to the southeast. Following the continued success of the continuing diamond drill program, the company took the decision to extend the current exploration platforms by a total of 450 metres to continue to define the possible extension of the Kiena Deep A zone to the northwest, southeast and downdip. A total of 243 metres of additional development have been completed since July and are expected to be completed at the end of October.
As this drill drift development continues, four drills are in operation on the A zone and remain focused on definition drilling in advance on the fourth quarter resource estimate, with less focus on extension drilling along the margins of the mineralized zone. Since July, a total of 18 holes totalling 5,200 metres have been completed. The definition drilling has continued to confirm the overall continuity of the Kiena Deep A zone and improve the company's understanding and confidence in the controls on gold mineralization. Highlights of the new drilling are listed below and summarized in the associated table.
Highlights
Kiena Deep A zone:
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Hole 6339: 53.6 grams per tonne gold over 6.2 m core length (18.38 g/t Au cut, 5.3 m true width);
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Hole 6321: 177.3 g/t Au over 5.1 m core length (6.5 g/t Au cut, 5.1 m true width);
- Hole 6336: 18.7 g/t Au over 12.9 m core length (7.0 g/t Au cut, 6.8 m true width);
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Hole 6333: 37.3 g/t Au over 8.4 m core length (6.8 g/t Au cut, 5.8 m true width);
- Hole 6338: 163.8 g/t Au over 3.0 m core length (13.1 g/t Au over 2.6 m true width);
- Hole 6338: 14.1 g/t Au over 12.1 m core length (10.3 g/t Au over 11.9 m true width).
All assays cut to 34.28 g/t Au. True widths are estimated.
Recent drilling has identified a well-defined, moderate plunge of approximately 45 degrees to the southeast to the gold mineralization that occurs predominantly along the basalt-chlorite-carbonate schist boundary. The recent drilling has defined this plunge extending from the 1,600-metre elevation (1,400 m below surface vertically) to the 2,000-metre elevation (1,000 m below surface). Extrapolating this well-defined zone up plunge is in good agreement with two historic holes. Hole 6146 returned 6.63 g/t over 11.0 metres (core length) from a zone located over 100 metres to the northwest of the company's current drilling and is interpreted to be the up-plunge extension of the A zone. Furthermore, hole 5976 returned 7.26 g/t Au over 3.0 metres (true width) at the 2,300-metre elevation, or approximately 350 metres vertically above the company's current drilling level and in excess of 300 metres to the northwest of the currently defined A zone. Although this area will be the focus for continued drilling, this initial interpretation indicates that the up-plunge mineralization could be extended more than 250 metres. Both of these holes intersected quartz veining with visible gold proximal to the projected basalt-chlorite-carbonate schist boundary that is similar in character to the Kiena Deep A zone currently being drilled.
Additionally, the down plunge and portions of the downdip extension of the A zone remain open.
Duncan Middlemiss, president and chief executive officer, commented: "We are very pleased with the recent drill results that are providing more confidence in the continuity of the deposit and continuing to extend the gold mineralization up and down plunge. Good progress is being made on the additional exploration drift development that will allow us to more effectively test the size of this deposit, and complete infill drilling more quickly. We remain committed to developing a resource estimate in the fourth quarter and this development will greatly aid our understanding of this exciting discovery. We recognize at this time that this will definitely be a snapshot in time as we have not closed off the Deep zone A up plunge, down plunge and downdip.
"We are also very excited about the potential up-plunge extension of the Kiena Deep A zone that has been well defined with recent drilling and extrapolated with more historic information. This extension would have the potential to significantly add to the resource base, as it would extend the mineralization over 300 metres higher in elevation than our current drilling level. Additionally, the location of this mineralization would be easily accessible to existing mine development and could be a vital component in any restart scenario."
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 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 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 is 100 per cent Canadian focused with a pipeline of projects in various stages of development. The Eagle River complex in Wawa, Ont., is currently producing gold from two mines -- the Eagle River underground mine and the Mishi open-pit mine -- from a central mill. Wesdome is actively exploring its brownfield asset, the Kiena complex in Val d'Or, Que.
KIENA DEEP ZONE A DRILLING RESULTS
Hole No. From To Core length Estimated true width Grade Cut grade
(m) (m) (m) (m) (g/t Au) (g/t Au)
6289 334.7 337.0 2.3 1.6 122.11 8.31
6321 251.4 256.5 5.1 5.1 177.25 6.47
6321 280.8 283.6 2.8 2.8 5.67 5.67
6327 270.0 273.0 3 2.7 13.62 13.62
6333 64.5 72.9 8.4 5.8 37.34 6.82
6336 552.1 565.0 12.9 6.8 18.73 7.02
including 558.2 565.0 6.8 3.6 34.20 11.99
6337 175.0 178.1 3.1 3.0 3.73 3.73
6338 151.9 154.9 3.0 2.6 163.85 13.11
6338 164.5 176.6 12.1 11.9 14.07 10.34
6339 153.9 160.1 6.2 5.3 53.63 18.38
6339A 159.2 163.6 4.4 3.2 71.40 17.97
6341 248.2 250.7 2.5 2.2 18.41 12.48
6342 290.3 294.0 3.7 3.2 2.47 2.47
6342 299.8 303.3 3.5 3.2 10.11 10.11
6342 364.5 370.5 6.0 5.4 5.43 5.43
6349 214.5 220.6 6.1 2.6 44.09 7.47
6352 453.3 456.1 2.8 1.7 1.83 1.83
6357 168.0 172.6 4.6 4.4 8.58 7.73
ASSAYS
Hole No. From To Core length Grade Cut grade
(m) (m) (m) (g/t Au) (g/t Au)
6289 334.7 335.6 0.9 0.48 0.48
6289 335.6 336.5 0.9 1.70 1.70
6289 336.5 337.0 0.5 557.79 34.28
Hole No. From To Core length Grade Cut grade
(m) (m) (m) (g/t Au) (g/t Au)
6321 251.4 252.3 0.9 1,002.06 34.28
6321 252.3 253.3 1.0 0.07 0.07
6321 253.3 254.2 0.9 0.03 0.03
6321 254.2 255.1 0.9 0.33 0.33
6321 255.1 255.8 0.7 0.30 0.30
6321 255.8 256.5 0.7 2.18 2.18
Hole No. From To Core length Grade Cut grade
(m) (m) (m) (g/t Au) (g/t Au)
6321 280.8 281.6 0.8 14.41 14.41
6321 281.6 282.6 1.0 1.88 1.88
6321 282.6 283.6 1.0 2.46 2.46
Hole No. From To Core length Grade Cut grade
(m) (m) (m) (g/t Au) (g/t Au)
6327 270.0 271.0 1.0 0.66 0.66
6327 271.0 272.0 1.0 34.17 34.17
6327 272.0 273.0 1.0 6.04 6.04
Hole No. From To Core length Grade Cut grade
(m) (m) (m) (g/t Au) (g/t Au)
6333 64.5 65.0 0.5 16.44 16.44
6333 65.0 66.0 1.0 0.05 0.05
6333 66.0 67.0 1.0 0.10 0.10
6333 67.0 68.0 1.0 0.02 0.02
6333 68.0 69.0 1.0 0.04 0.04
6333 69.0 70.0 1.0 0.74 0.74
6333 70.0 70.8 0.8 2.39 2.39
6333 70.8 71.5 0.7 98.47 34.28
6333 71.5 72.3 0.8 2.05 2.05
6333 72.3 72.9 0.6 386.70 34.28
Hole No. From To Core length Grade Cut grade
(m) (m) (m) (g/t Au) (g/t Au)
6336 552.1 552.8 0.7 4.28 4.28
6336 552.8 553.3 0.5 0.57 0.57
6336 553.3 554.0 0.7 1.40 1.40
6336 554.0 554.7 0.7 2.39 2.39
6336 554.7 555.5 0.8 0.52 0.52
6336 555.5 556.4 0.9 1.60 1.60
6336 556.4 557.3 0.9 0.90 0.90
6336 557.3 558.2 0.9 0.45 0.45
6336 558.2 558.7 0.5 11.90 11.90
6336 558.7 559.4 0.7 0.04 0.04
6336 559.4 560.1 0.7 0.02 0.02
6336 560.1 560.8 0.7 1.16 1.16
6336 560.8 561.6 0.8 127.72 34.28
6336 561.6 562.1 0.5 0.73 0.73
6336 562.1 563.1 1.0 110.60 34.28
6336 564.0 565.0 1.0 12.64 12.64
Hole No. From To Core length Grade Cut grade
(m) (m) (m) (g/t Au) (g/t Au)
6337 175.0 176.1 1.1 9.39 9.39
6337 176.1 177.2 1.1 0.04 0.04
6337 177.2 177.5 0.3 core not recovered
6337 177.5 178.1 0.6 1.98 1.98
Hole No. From To Core length Grade Cut grade
(m) (m) (m) (g/t Au) (g/t Au)
6338 151.9 152.8 0.9 2.03 2.03
6338 152.8 153.6 0.8 599.53 34.28
6338 153.6 154.4 0.8 10.87 10.87
6338 154.4 154.9 0.5 2.78 2.78
Hole No. From To Core length Grade Cut grade
(m) (m) (m) (g/t Au) (g/t Au)
6338 164.5 165.5 1.0 4.92 4.92
6338 165.5 166.5 1.0 0.06 0.06
6338 166.5 167.5 1.0 15.85 15.85
6338 167.5 168.7 1.2 0.09 0.09
6338 168.7 169.9 1.2 21.03 21.03
6338 169.9 171.0 1.1 25.02 25.02
6338 171.0 172.1 1.1 0.88 0.88
6338 172.1 173.2 1.1 8.32 8.32
6338 173.2 174.2 1.0 0.06 0.06
6338 174.2 175.4 1.2 0.08 0.08
6338 175.4 176.6 1.2 71.87 34.28
Hole No. From To Core length Grade Cut grade
(m) (m) (m) (g/t Au) (g/t Au)
6339 153.9 154.9 1.0 81.42 34.28
6339 154.9 155.9 1.0 0.25 0.25
6339 155.9 156.8 0.9 0.89 0.89
6339 156.8 157.3 0.5 7.25 7.25
6339 157.3 158.1 0.8 8.40 8.40
6339 158.1 159.0 0.9 33.94 33.94
6339 159.0 159.6 0.6 73.00 34.28
6339 159.6 160.1 0.5 330.66 34.28
Hole No. From To Core length Grade Cut grade
(m) (m) (m) (g/t Au) (g/t Au)
6339A 159.2 159.7 0.5 23.37 23.37
6339A 159.7 160.5 0.8 14.45 14.45
6339A 160.5 161.3 0.8 4.49 4.49
6339A 161.3 162.2 0.9 4.72 4.72
6339A 162.2 163.6 1.4 202.20 34.28
Hole No. From To Core length Grade Cut grade
(m) (m) (m) (g/t Au) (g/t Au)
6341 248.2 249.1 0.9 0.11 0.11
6341 249.1 250.0 0.9 50.77 34.28
6341 250.0 250.7 0.7 0.35 0.35
Hole No. From To Core length Grade Cut grade
(m) (m) (m) (g/t Au) (g/t Au)
6342 290.3 291.1 0.8 0.20 0.20
6342 291.1 292.0 0.9 8.65 8.65
6342 292.0 293.0 1.0 1.10 1.10
6342 293.0 294.0 1.0 0.10 0.10
Hole No. From To Core length Grade Cut grade
(m) (m) (m) (g/t Au) (g/t Au)
6342 299.8 300.8 1.0 22.07 22.07
6342 300.8 301.3 0.5 19.21 19.21
6342 301.3 302.3 1.0 0.40 0.40
6342 302.3 303.3 1.0 3.30 3.30
Hole No. From To Core length Grade Cut grade
(m) (m) (m) (g/t Au) (g/t Au)
6342 364.5 366.0 1.5 3.78 3.78
6342 366.0 367.3 1.3 3.40 3.40
6342 367.3 368.3 1.0 0.06 0.06
6342 369.0 369.7 0.7 1.20 1.20
6342 369.7 370.5 0.8 26.97 26.97
Hole No. From To Core length Grade Cut grade
(m) (m) (m) (g/t Au) (g/t Au)
6349 214.5 215.2 0.7 28.18 28.18
6349 215.2 216.0 0.8 0.21 0.21
6349 216.0 216.5 0.5 481.06 34.28
6349 216.5 217.0 0.5 0.79 0.79
6349 217.0 217.5 0.5 0.98 0.98
6349 217.5 218.0 0.5 2.56 2.56
6349 218.0 219.0 1.0 1.07 1.07
6349 219.0 219.6 0.6 0.20 0.20
6349 219.6 220.6 1.0 5.20 5.20
Hole No. From To Core length Grade Cut grade
(m) (m) (m) (g/t Au) (g/t Au)
6352 453.3 454.5 1.2 3.52 3.52
6352 454.5 455.3 0.8 0.22 0.22
6352 455.3 456.1 0.8 0.92 0.92
Hole No. From To Core length Grade Cut grade
(m) (m) (m) (g/t Au) (g/t Au)
6357 168.0 169.0 1.0 38.19 34.28
6357 169.0 170.0 1.0 0.04 0.04
6357 170.0 170.7 0.7 0.03 0.03
6357 171.0 171.8 0.8 0.03 0.03
6357 171.8 172.6 0.8 1.49 1.49
We seek Safe Harbor.
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