Drilling Results @ Eagle River: More Great News!!Wesdome Gold Mines Ltd. - New 300 Zone - Drifting Confirms Continuity - Drilling Expands Potential
TSX:WDO
Wesdome Gold Mines Ltd. (TSX: WDO) is pleased to report progress on recent development and drilling activities focused on the recently discovered, parallel 300 Zone at its wholly-owned Eagle River Mine in Wawa, Ontario.
At least four lenses in the 300 zone of high grade mineralization have been interpreted from drilling (Figure 1). Drifting on the 750 metre level has confirmed continuity of the structure yielding the following intervals.
300 ZONE DRIFTING HIGHLIGHTS
-- *15.17 gAu/tonne, 1.67 m average width, 51 m length, and
-- *15.40 gAu/tonne, 2.21 m average width, 36 m length
* high assays cut to 60 gAu/tonne
Additional drilling results have infilled and expanded the high grade West Zone located between 825 and 925 metres depth. A summary of significant results with estimated true widths is compiled in Table 1 and Figure 2.
300 ZONE DRILLING HIGHLIGHTS
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Sent 7:32AM ET 04/08/2015
Wesdome Gold Mines Ltd (WDO:TSX) - News Alert
Wesdome Gold Mines Ltd. - New 300 Zone - Drifting Confirms Continuity - Drilling Expands Potential
TSX:WDO
Wesdome Gold Mines Ltd. (TSX: WDO) is pleased to report progress on recent development and drilling activities focused on the recently discovered, parallel 300 Zone at its wholly-owned Eagle River Mine in Wawa, Ontario.
At least four lenses in the 300 zone of high grade mineralization have been interpreted from drilling (Figure 1). Drifting on the 750 metre level has confirmed continuity of the structure yielding the following intervals.
300 ZONE DRIFTING HIGHLIGHTS
-- *15.17 gAu/tonne, 1.67 m average width, 51 m length, and
-- *15.40 gAu/tonne, 2.21 m average width, 36 m length
* high assays cut to 60 gAu/tonne
Additional drilling results have infilled and expanded the high grade West Zone located between 825 and 925 metres depth. A summary of significant results with estimated true widths is compiled in Table 1 and Figure 2.
300 ZONE DRILLING HIGHLIGHTS
-- EU-777 12.61 gAu/t over 1.95 m
-- EU-778 121.33 gAu/t over 2.00 m
-- EU-779 115.66 gAu/t over 2.35 m
-- EU-795A 10.08 gAu/t over 2.10 m
-- EU-796 16.64 gAu/t over 3.60 m
-- EU-799 86.50 gAu/t over 2.10 m
Mr. Rolly Uloth, President and CEO commented, "These drifting results contain higher grades than the drill indicated grades, confirming the quality and continuity of the 300 zone. We are commencing production mining on this zone in the second half of this year. Early confirmation of their continuity gives us confidence in their potential to enhance the outlook and mining flexibility of the Eagle River mine going forward."
Of particular note are holes EU-795A and EU-796 which are 50 metre stepouts to the west and at depth. Development should reach this lens at 875 metres depth later this year. This development, currently in progress, will open up access to drill this lens at depth and to the west where it remains open.
The 300 Zone is a subvertically-dipping quartz vein system located 400 metres north and parallel to the Eagle River Mine's main producing structure. Confirmation of its internal continuity and above average gold grades has been established very rapidly. We are focused on bringing it into the mining sequence quickly with initial production scheduled for the second half of 2015.
The drifting results are favourable because of higher than drill indicated grades and the position of this drift along the lower limits of the interpreted mining block.