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Wesdome Gold Mines Ltd T.WDO

Alternate Symbol(s):  WDOFF

Wesdome Gold Mines Ltd. is a Canadian-focused gold producer with two high grade underground assets, the Eagle River mine in Ontario and the Kiena mine in Quebec. The Company has an exploration program both underground and on the surface within the mine area and more regionally at both the Eagle River and Kiena Complex. The Eagle River Underground Mine is located 50 kilometers west of Wawa, Ontario. The Eagle River underground mine near Wawa, Ontario is producing gold at a rate of 80,000 to 90,000 ounces per year. The Kiena Mine is located in the highly prospective Val d’Or, Quebec gold camp. The Kiena Mine is a fully permitted, integrated mining and milling infrastructure which includes a 930-meter production shaft and 2,000 tons-per-day capacity mill. The Kiena Mine Complex consists of the Kiena Mine concession, Kiena Mill, related infrastructure and equipment and land position in the Township of Dubuisson, Quebec.


TSX:WDO - Post by User

Bullboard Posts
Post by riverrockon Sep 11, 2016 4:59pm
230 Views
Post# 25226544

Some Historic Data on the Kiena Mine

Some Historic Data on the Kiena Mine

Gold miners such as Placer Dome and the still existing Barrick Gold once mined and owned the Kiena property.

 

Below is a link giving Kiena's historic gold production. Wesdome's recent production at Kiena from 2006 to 2012 and earliier production from 1981 to 2002.

 

https://www.wesdome.com/operations/kiena-complex/

 

Excerpt of past exploration

A deep hole drilled below the 520 metre level cut a corelength of 45.5 metres at 6.3 gAu/tonne (Press Release dated Sept. 22, 2005). A crosscut was driven into the zone which revealed impressive occurrences of coarse native gold and provided a weighted average grade of 33.05 gAu/tonne across a true width of 17.8 metres. As the VC Zone was opened up in the fall of 2005 revealing coarse, native gold and an encouraging style of mineralization not previously seen at Kiena, efforts focused on getting into production as soon as possible. In order to advance to commercial production and continue the exploration work, the Company had to raise capital. On March 23, 2006, the Company announced the closing of a public offering of 9.0 million shares at $2.20 per share, for gross proceeds of $19.8 million. This was done via a prospectus where the “Use of Proceeds” followed the recommended budget of Geologica Groupe Conseil in the NI43-101 Technical Report dated April 15, 2005 (www.sedar.com). Pre-production development advanced rapidly with the workforce increasing from 74 employees and contractors to a peak of 213 in June, 2006. Production was attained on August 1, 2006. Exploration work continued (even today) on the east drift where we are now approaching a new discovery made in 2008 located 3.5 kilometres east of the Kiena shaft. Production since August 1, 2006, is tallied below.

best of luck to all.

 

 

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