Mr. Duncan Middlemiss reports
WESDOME ANNOUNCES EARLY RESULTS FROM MOSS LAKE
Wesdome Gold Mines Ltd. has released early encouraging results from its Moss Lake property located 100 kilometres west of Thunder Bay, Ont.
The purpose of the program is to significantly extend mineralization beyond the 2.5-kilometre known strike length of a conceptual open pit determined in a 2013 preliminary economic assessment prepared in accordance with National Instrument 43-101 -- Standards of Disclosure for Mineral Projects -- for Moss Lake Gold Mines Ltd., a wholly owned subsidiary of Wesdome Gold Mines.
These early drill results (14 holes) have now extended known mineralization over a strike length of 4.5 kilometres. The geophysical expression (induced polarization)) extends over a strike length of eight kilometres. Drilling has been on 200-metre spacing to rapidly delineate the potential scale of the Moss Lake gold deposit.
Duncan Middlemiss, president and chief executive officer, commented: "These early results are encouraging as they confirm our thesis that the mineralization continues along the northeast/southwest trend and the structure is potentially larger than previously recognized. The land package consolidated by the company in 2016 has demonstrated significant potential. We are currently compiling additional outstanding assays from this year's drilling program, to be released in due course. However, at this time, we have decided to suspend the Moss Lake drill program and focus our exploration efforts at the Eagle River mine and Kiena complex."
Highlights include:
- Hole MLS-17-01 (immediately adjacent to conceptual pit): 5.6 metres of 1.079 g/t (grams per tonne), 9.3 metres of 1.344 g/t, nine metres of 1.189 g/t and
30.3 metres of 1.136 g/t;
- Hole MLS-17-04 (200 metres northeast of conceptual pit limit): seven metres of 0.938 g/t, five metres of 1.638 g/t, four metres of 1.201 g/t and eight metres of 2.071 g/t;
- Hole MLS-17-06 (400 metres northeast of conceptual pit limit): four metres of 0.75 g/t, 6.6 metres of 1.124 g/t, five metres of 0.739 g/t, one metre of 1.23 g/t and one metre of 3.37 g/t;
- Hole MLS-17-02 (600 metres northeast of conceptual pit): 2.3 metres of 3.116 g/t, 10.6 metres of 0.52 g/t, 0.4 metre of 2.01 g/t, 2.2 metre of 0.819 g/t and
two metres of 1.167 g/t;
- Hole MLS-17-05 (1,200 metres northeast of conceptual pit): 33.2 metres of 0.522 g/t, including 6.5 metres of 1.288 g/t, three metres of 0.725 g/t and 1.6 metres of 1.729 g/t;
- Hole MLS-17-02 (southwest pit edge): 15 metres of 0.633 g/t, 6.5 metres of 0.706 g/t, 2.5 metres of 0.674 g/t and one metre of 3.55 g/t;
- Hole MLS-17-06 (immediately southwest of conceptual pit): two metres of 1.264 g/t, 12 metres of 1.03 g/t, eight metres of 1.033 g/t, 4.5 metres of 1.098 g/t, 17 metres of 0.813 g/t and eight metres of 1.191 g/t;
- Hole MLS-17-07 (immediately southwest of conceptual pit): 6.3 metres of 0.835 g/t, 1.2 metres of 6.87 g/t, six metres of 0.621 g/t and 17.2 metres of 2.681 g/t;
- Hole MLS-17-05 (800 metres southwest of pit limit): one metre of 1.075 g/t, 10 metres of 1.092 g/t, 1.5 metres of 1.79 g/t and 11 metres of 0.684 g/t.
Note: True widths are approximately 70 per cent of core lengths.
Gold mineralization at Moss Lake is hosted in a package of sheared, albitized and hematized intermediate to felsic volcanic rocks cored by a swarm of diorite to syenite sills. Disseminated and fracture-controlled pyrite mineralization is found throughout the package which measures up to 600 metres thick.
The Moss Lake deposit has been extensively drilled at 15- to 50-metre spacing over a 2.5-kilometre length and to depths of 300 metres. It hosts indicated resources of 39,795,000 tonnes at 1.1 g/t gold (1,377,300 ounces of gold) and additional inferred resources of 50,364,000 tonnes at 1.1 g/t gold (1,751,600 ounces of gold), as described in an independent National Instrument 43-101 technical report and preliminary economic assessment dated May 31, 2013, and prepared for Moss Lake Gold Mines.
Wesdome recently consolidated land in the area which previously constrained the northeast conceptual pit limit. Recent induced polarization surveys have traced what the company believes to be potential extensions of pyrite mineralization associated with the Moss Lake deposit.
Results of the first 14 holes, seven on the northeast extension and seven on the southwest extension, are summarized in the attached tables.
Technical information
The technical information in this press release has been reviewed and approved by Robert S. Middleton, PEng, consultant to the company and an independent qualified person as defined in NI 43-101. Analytical determinations on split drill core are performed by certified commercial laboratory ALS Minerals, North Vancouver, B.C., employing fire assay methods, ICP-AES (inductively coupled plasma atomic emission spectroscopy) finish on 30-gram fused aliquots. Comprehensive laboratory quality control results are provided and complemented by independent insertion of blind field blanks and commercially prepared standards.
SIGNIFICANT INTERSECTIONS -- NE EXTENSION (MLS)
Hole No. From To Core length Au assay
(m) (m) (m) (g/t)
MLS-17-01 11.5 17.0 5.5 0.407
36.0 56.3 20.3 0.582
Including 48.3 56.3 8.0 0.888
166.6 174.8 8.2 0.817
Including 166.6 172.2 5.6 1.079
194.4 196.4 2.0 0.406
203.3 209.7 6.4 0.434
274.4 314.0 39.6 0.770
Including 283.0 292.3 9.3 1.344
And 305.0 314.0 9.0 1.189
392.0 397.0 5.0 0.949
409.0 411.0 2.0 1.253
467.1 470.0 2.9 1.637
540.7 571.0 30.3 1.136
Including 540.7 550.0 9.3 2.274
And 556.0 564.0 8.0 1.245
MLS-17-02 85.2 86.3 1.1 0.612
97.0 99.3 2.3 3.116
167.2 177.8 10.6 0.520
182.7 183.1 0.4 2.010
194.2 196.4 2.2 0.819
206.3 208.3 2.0 1.167
MLS-17-03 No significant assays
MLS-17-04 305.0 329.0 24.0 0.737
Including 305.0 312.0 7.0 0.938
And 324.0 329.0 5.0 1.638
492.6 498.0 5.4 0.755
550.0 551.3 1.3 1.086
590.0 603.0 13.0 0.646
Including 590.0 594.0 4.0 1.201
661.0 669.0 8.0 2.071
809.0 815.5 6.5 0.692
948.7 952.8 4.1 0.744
960.5 963.8 3.3 0.526
974.9 976.8 1.9 0.532
MLS-17-05 35.8 69.0 33.2 0.522
Including 35.8 37.4 1.6 1.186
And 62.5 69.0 6.5 1.288
413.0 416.0 3.0 0.725
586.0 602.6 16.6 0.401
Including 601.0 602.6 1.6 1.729
MLS-17-06 379.9 394.5 14.6 0.434
Including 390.5 394.5 4.0 0.750
468.8 475.4 6.6 1.124
536.0 556.4 20.4 0.478
Including 537.0 542.0 5.0 0.739
561.0 562.0 1.0 1.230
597.5 598.5 1.0 3.370
611.7 619.0 7.3 0.562
625.0 628.0 3.0 0.520
684.6 685.3 0.7 1.495
MLS-17-07 28.0 35.0 7.0 0.419
SIGNIFICANT INTERSECTIONS -- SW EXTENSION (ML)
Hole No. From To Core length Au assay
(m) (m) (m) (g/t)
ML-17-01 24.0 27.0 3.0 0.398
47.0 48.0 1.0 1.780
211.0 212.0 1.0 1.730
ML-17-02 26.0 41.0 15.0 0.633
Including 36.5 39.5 3.0 1.375
63.5 70.0 6.5 0.706
159.0 161.5 2.5 0.674
180.5 184.0 3.5 0.534
198.0 199.0 1.0 3.550
208.0 210.0 2.0 0.647
227.5 229.0 1.5 0.729
ML-17-03 No significant assays
ML-17-04 No significant assays
ML-17-05 25.0 26.0 1.0 1.075
307.0 317.0 10.0 1.092
347.0 348.5 1.5 1.790
394.0 405.0 11.0 0.684
Including 394.0 396.0 2.0 1.903
ML-17-06 242.0 246.0 4.0 0.735
257.0 260.0 3.0 0.749
283.0 285.0 2.0 1.264
299.0 311.0 12.0 1.030
318.0 326.0 8.0 1.033
402.0 406.5 4.5 1.098
416.0 421.0 5.0 0.702
472.0 489.0 17.0 0.813
Including 486.8 489.0 2.2 4.581
528.0 536.0 8.0 1.191
Including 534.0 536.0 2.0 3.995
568.0 573.0 5.0 0.605
ML-17-07 112.0 113.0 1.0 1.890
167.0 173.3 6.3 0.835
180.0 184.0 4.0 0.534
194.5 196.0 1.5 0.880
269.0 270.2 1.2 6.870
314.2 317.5 3.3 0.886
347.0 353.0 6.0 0.621
375.9 376.4 0.5 1.035
380.5 381.6 1.1 0.845
431.2 431.6 0.4 1.300
440.9 441.4 0.5 12.000
455.9 473.1 17.2 2.681
Including 467.2 467.6 0.4 59.400
495.0 500.0 5.0 0.679
506.0 513.5 7.5 0.635
We seek Safe Harbor.
© 2025 Canjex Publishing Ltd. All rights reserved.