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Ongoing Drilling of Kiena Deep A Zone Continues to Return High Grades and Extends “A” Zone Over 350 Metres Along Strike and Remains Open TORONTO, June 26, 2018 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX:WDO) (“Wesdome” or the “Company”) is pleased to provide the results from the ongoing underground drilling of the Kiena Deep A Zone completed from the exploration ramp at its 100% owned Kiena Mine Complex, in Val d'Or, Quebec. Development of the Kiena Deep exploration ramp and associated drilling platforms from the 1000 metre level was recently completed and drilling of the Kiena Deep A Zone is ongoing with three drill rigs. Recent drilling from the exploration ramp intersected multiple high grade lenses, including 77.4 g/t Au over 14.4 m core length (12.8 g/t cut, 10.8 m true width in hole 6299) (See news release dated May 17, 2018). An additional 18 drill holes totaling approximately 5,100 metres have been completed into the A Zone and recent drilling along the northern and southern extensions of the zone returned high grades over good widths and have now extended the A Zone along strike in excess of 350 metres. A total of 8 drill holes are reported, assays are pending for the other 10.The A Zone remains open along strike in both directions and down dip. Results Highlights: Kiena Deep A Zone Hole 6300: 132.1 g/t Au over 13.2 m core length (13.4 g/t cut, 6.4 m true width) Hole 6308: 42.6 g/t Au over 12.6 m core length (6.8 g/t cut, 10.4 m true width) Hole 6309: 16.5 g/t Au over 7.8 m core length (7.6 g/t cut, 7.1 m true width) Hole 6322: 12.7 g/t Au over 12.2 m core length (8.1 g/t cut, 8.6 m true width) All assays cut to 34.28 g/t Au. True widths are estimated. Mr. Duncan Middlemiss, President and CEO, commented “We are particularly excited with the ongoing drilling of Kiena Deep Zone A that continues to return high grade results and has further confirmed multiple zones, and the continuity of the gold mineralization of the A Zone. More recent step-out drilling along strike and down dip has successfully extended the gold mineralization now over 350 metres along strike and will continue to be a major focus of the drilling for the remainder of 2018 with the goal to complete a resource estimate by the end of Q4. Additionally, drilling is ongoing at the Upper Quartz Vein Zone and a fourth drill rig is now testing the VC Zone from a recently completed drill platform development on 670 metre level.” Drilling continues to trace the Kiena Deep mineralized system along an altered and deformed north-northwest trending ("NNW") basalt-komatiite contact zone in order to better define the known mineralization and possible extensions, and also to identify new zones. Visible gold was observed in the majority of the drill holes within predominantly shear zone hosted quartz veins. The drilling has confirmed the continuity of the mineralized zones, and the dip of the contact is now interpreted to shallow to the east and provides additional potential for down plunge mineralization along the bend or “kink” in the hosting shear zone. This area remains open along strike and down dip and remains a focus for ongoing drilling. The results are highlighted below and summarized in Table 1 and illustrated in Figures 1a, 1b and 2. THE KIENA COMPLEX The Kiena Mine Complex is a fully permitted, integrated mining and milling infrastructure which includes a 930 metre production shaft and 2,000 tonne per day capacity mill. From 1981 to 2013 the mine produced 1.75 million ounces of gold from 12.5 million tonnes at a grade of 4.5 g/t. The bulk of this production came from the S-50 Zone between depths of 100 and 1,000 metres. In 2013, operations were suspended due to a combination of declining gold prices and lack of developed reserves. The infrastructure has been well preserved on care and maintenance status. An independent 43-101 report dated December 16, 2015 for the first time assessed the exploration potential and known resources for the entire property. Measured and Indicated resources below a 100 metre crown pillar total 2,500,600 tonnes at 5.59 grams per tonne for 449,000 ounces. Additional inferred resources below a 100 metre crown pillar total 1,563,300 tonnes at a 7.97 grams per tonne for 400,400 ounces. Technical Report for the Quebec Wesdome Project (according to National Instrument 43-101 and Form 43-101F1) dated December 16, 2015 prepared by Bruno Turcotte, P.Geo., Denis Gourde, Eng., Pierre-Luc Richard, P.Geo. of InnovExplo Inc. TECHNICAL DISCLOSURE The technical and geoscientific content of this release has been compiled, reviewed and approved by Bruno Turcotte, P.Geo., Consulting Geologist for InnovExplo Inc. in Val d’Or, and Michael Michaud, P.Geo., Vice President, Exploration of the Company and both "Qualified Persons" 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). 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 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 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 134.2 million shares issued and outstanding and trades on the Toronto Stock Exchange under the symbol “WDO.”
Overnamekandidaat. Ze gaan lekker daar bij Val d'Or dus je kunt er op wachten. Onlangs overnames Arizona Mining en Metanor Resources, en er gaan er nog meer komen met deze belachelijke beurskoersen in de goudexploratiesector. In de regio Val d'Or tip ik ook Alexandria Minerals en QMX Gold, voor een appel en een ei te koop terwijl er bij Alexandria nota bene al een overnamebod op tafel ligt.
Wesdome Announces Exploration Drilling at Eagle River Continues to Expand 311 And 7 Zones and the Recently Discovered Falcon Zones Download as PDF Published on: June 13, 2019 TORONTO, June 13, 2019 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) today announces results from the ongoing surface and underground exploration drilling program at the Company’s wholly-owned Eagle River Mine in Wawa, Ontario. Mr. Duncan Middlemiss, President and CEO commented, "We are pleased with our ongoing exploration efforts at the Eagle River Mine, in particular the continued expansion of the 7 East and 311 West zones that are proximal to existing development and infrastructure. We have repositioned the underground drills to continue drilling the extensions of these zones and expect to include the results into the existing resource base at year end. We are also pleased with the ongoing surface drilling results at the recently discovered Falcon zones, where there exists good potential to define higher grade and wider zones of gold mineralization that would be near mine infrastructure. The objective is to continue our resource definition efforts in this area that has high probability to be included in future mine production and ultimately augment production rates in the medium term." “We remain committed to aggressive exploration utilizing four underground drills and one, increasing to two surface drills in order to identify additional resources and workplaces for increased future production profiles.” Underground Exploration Drilling The 2019 exploration program encompasses 51,000 metres (“m”) of underground exploration drilling and 43,000 m of definition drilling using 4 drills. These have been focused primarily to extend the 7 and 300 zones, and one underground drill has been dedicated to exploring new parallel zones of mineralization in the eastern half of the mine diorite, that remains largely under explored (see Figure 1). No. 7 East Zone Capped Assay Highlights from Drilling (Table 1 and Figure 2): Hole 750-E-59: 13.9 g/t Au cut over 4.9 m true width Hole 750-E-63: 18.0 g/t Au cut over 2.2 m true width Hole 750-E-76: 30.8 g/t Au cut over 1.5 m true width *Assays cut to 125 g/t Au No. 311 West Zone Capped Assay Highlights from Drilling (Table 1 and Figure 3): Hole 844-E-253: 27.0 g/t Au cut over 3.8 m true width Hole 844-E-259: 8.9 g/t Au cut over 10.1 m true width Hole 844-E-242: 22.1 g/t Au cut over 1.6 m true width *Assays cut to 60 g/t Au New Parallel Zones within eastern portion of mine diorite Initial limited drilling from the 758 m-level in the eastern half of the mine diorite previously intersected what is interpreted to be parallel zones north of the past producing 6 and 8 zones and could be the possible extensions of the parallel 7 zone and 300 zone structures being mined along the western portion of the mine diorite. Both of these parallel zones are open up and down plunge and along strike and remain a focus for 2019 underground drilling. Surface Exploration Drilling Earlier in the year, approximately 7,000 m of surface drilling was completed in the volcanic rocks focussed approximately 200 m west of the mine diorite. Drilling encountered two sub-parallel structures, termed the Falcon Zones, that could be extensions of the 300 and 7 zones in the mine. Below are the remaining assays from the initial 2019 drilling (Table 2 and Figures 3 and 4). Falcon Zones Highlights: Hole ERM-2019-10: 42.6 g/t over 1.5 m core length (12.6 g/t Au cut, 1.0 m true width) Hole ERM-2019-42: 13.3 g/t Au over 3.1 m core length (13.0 g/t Au cut, 2.5 m width) Hole ERM-2019-47: 53.8 g/t Au over 1.9 m core length (34.7 g/t Au cut, 1.1 m true width) Assays capped at 60 g/t Au. True widths are estimated. Surface drilling continued to better define and extend the Falcon zones that remain open down plunge and along strike. Additionally, surface mapping and prospecting, with potentially follow-up trenching and drilling, is planned for this summer proximal to the mine diorite and more regionally along strike as follow-up to numerous historic showings that remain underexplored. TECHNICAL DISCLOSURE The sampling of, and assay data, from surface drill core is monitored through the implementation of a quality assurance - quality control (QA-QC) program designed to follow industry best practice. Samples are transported in sealed bags to AGAT Laboratories in Timmins Ontario for preparation. Pulps are transported to Mississauga, Ontario for gold assay by fire assay with AAS finish. Samples with high grade gold are further assayed with a gravimetric finish and by metallic screen assay where visible gold is present. Wesdome inserts blanks and certified standards in the sample sequence for quality control. For underground drilling, the sampling of, and assay data from, underground drill core is monitored through the implementation of a quality assurance - quality control (QA-QC) program designed to follow industry best practice. Samples are transported in sealed bags to Eagle River Mine assay office in Wawa, Ontario. Samples are analyzed for gold using standard fire assay technique with gravimetric finish. Wesdome inserts blanks and certified reference standard in the sample sequence for quality control. The technical content of this release has been compiled, reviewed and approved by Michael Michaud, P.Geo., Vice President, Exploration of the Company and a "Qualified Person" as defined in National Instrument 43-101 -Standards of Disclosure for Mineral Projects.
@Simidoc, mogelijk is deze ook wel wat voor jou. Interview met de CEO en iemand van de Fintwit community.. www.soarfinancial.com/portfolio-item/... Verder nog massa's interviews te vinden met tal van andere junior CEO's in de PM sector. WDO heeft me al een mooie 6 bagger opgeleverd :) enjoy
Kendu schreef op 17 mei 2020 15:46 :
@Simidoc, mogelijk is deze ook wel wat voor jou. Interview met de CEO en iemand van de Fintwit community..
www.soarfinancial.com/portfolio-item/... Verder nog massa's interviews te vinden met tal van andere junior CEO's in de PM sector.
WDO heeft me al een mooie 6 bagger opgeleverd :)
enjoy
Thanks voor de info.WDO is een van de betere groeiers onder de goudmijnen. Een must in elke goudmijnportefeuille !
Als je interesse hebt in groeiers, zou ik de presentatie van Minera Alamos eens doornemen. Ticker is MAI. Via Soar financial kan je ook interviews met deze CEO terugvinden. De firma gaat in productie gaan en verdere expansion puur op organische groei. Heb nog een flinke positie WDO maar een deel ingeruild voor Silvercrest, Verwacht nog veel van Kiena en de PFS binnenkort :)
youtu.be/4Wl2Lsgb_Ns Op naar minstens verdubbeling van productie 200 000 oz!! En voeg daar naar jaareinde een goudprijs van 2700$ aan toe en je hebt een CASHKOE !!
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