Wesdome Encouraged from S-50 southeast drilling results at Kiena Mine
Thursday, Jan 03, 2013
VAL D'OR, QC, Jan. 2, 2013 /CNW/ - Wesdome Gold Mines Ltd (TSX: WDO) is pleased to report the underground exploration drilling results at the Kiena Mine continue to provide encouraging results. An underground exploration drilling program of the S-50 Zone at Kiena Mine was initiated during September, 2010 following a compilation which identified an unexplored area with dimensions of at least 150 m laterally by 400 m vertically toward the southeast of the gold deposit. The first phase of the drill program was designed to explore the area between the 27 and 48 levels (approx. 270 metres to 480 metres below surface).
Please refer to the Press Release "Wesdome Plans Aggressive Drilling and
Development Program in 2011" dated March 30, 2011, available on the website at www.wesdome.com.
Drill results demonstrate a continuity of the S-50 (South Zone) mineralized system toward the southeast and at depth with a series of steeply dipping sub-parallel zones intersected by several of the drill holes. Drill hole locations and results highlights are summarized in the following tables (Table 1 and Table 1a), (Table 2 and Table 2a), respectively.
George Mannard, Vice President - Exploration comments "We have recently developed, and are starting to mine, in the South Zone.
Particularly tantalizing are the last 3 holes in the highlights list below.We believe further drilling in this area has potential to demonstrate continuity of above average grade mineralization with potentially economic dimensions in proximity to existing underground workings".
Wesdome is celebrating its 25th year of continuous mining operations in Canada. It currently has three producing gold mines with wholly-owned mining and milling complexes located in Wawa, Ontario and Val d'Or, Québec. The Company has 101.9 million shares issued and outstanding and trades on the Toronto Stock Exchange under the symbol "WDO".
SOURCE Wesdome Gold Mines Ltd.