Westdome and Integra mentioned in Financial Post !This could be Integra's turn next,, Think Lamaque Deeps ! (20/gt 0ver 180 Mt / 220Mt) ?? High Grade @ depth1,000 to 1,800 Mt High Greade @ old mine ???
Post says Wesdome Gold revives hope for Kiena mine
2016-08-26 07:05 ET - In the News
The Financial Post reports in its Friday edition that when Quebec's Kiena gold mine was closed in 2013, it was believed that all the best pockets of ore were mined out. The Post's Peter Koven writes that assumption is being tossed out the window, after the Toronto miner revealed spectacular drilling results. They included a couple of long intercepts of more than 18 grams per tonne of gold. Kiena, which opened in 1981, was a relatively low-grade operation throughout its life. Kiena is located in Quebec's Val d'Or camp, where gold mining has been going strong for more than 80 years. Wesdome's new discovery, along with recent finds by Integra Gold Corp. and others, prove the region still has plenty of mineral potential. "How many times have we seen this in Canadian mining?" chief executive officer Duncan Middlemiss said. "You think that a mine is mined out, it's an old, dead beast. And all of a sudden you invest money into drilling, and lo and behold, you find something." Despite the 2013 closure, company insiders had a theory that there could be undiscovered gold in the S-50 zone, and decided to commit $3-million to drilling into it. Shares of Wesdome Gold Mines soared 74 cents on Thursday, closing at $2.24.
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