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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 PulpCutteron Jan 14, 2020 12:44pm
219 Views
Post# 30551461

Angus, with claims between Eagle & Mishi, nearly double

Angus, with claims between Eagle & Mishi, nearly double

in 2020.  IMO, even if minor, a vote of confidence in WDO's Wawa claims package.

@LucTenHave has, over the years, one of the top records in CEO.CA's yearly stock pick contest.  One of his/her 2020 picks was Angus Ventures, a tiny ($5M cap) company who's sole holding appears to be Talisker's claims between WDO's Eagle mine and Mishi pit/mill.  Angus (GUS.V) has more than doubled in the past month (although this may be due to LucTenHave's reputation, at least in part).

Angus doesn't have much of a web presence, that I could find, so best way to see what Angus's holdings are is to look though Talisker's online materials.  Slide 4 here shows the claims package,  which sits between WDO's two 'bands' of claims at the Eagle mine and Mishi pit. 

All I am inferring is that this lends some minor backing to the idea that WDO's Wawa claims package has further upside potential than that currently-recognized.  A further indication is that Charles Page, who recently stepped down as WDO Chair of the Board, was one of the geologists who opened up the entire area, back earlier in his career.  So it's plausible that WDO has already locked-up some of the more-prospective claims. 

Talisker presentation link: https://www.taliskergold.com/pdf/CP-08-18.pdf

 

Bullboard Posts