- Wesdome Gold Mines (WDO) released the results from recent surface exploration at its Eagle River Mine near Wawa, Ontario
- Initial surface drilling within the volcanic rocks 150 metres east and down dip of the mine diorite of the previously mined 2 Zone intersected altered volcanic rocks with quartz veining
- Surface and underground drilling, from the 355 metre-level exploration drift, has defined the up-plunge extent of the Falcon 7 zone and has now extended the mineralization to surface with the recent drilling within 50 metres from surface
- Shares of Wesdome Gold Mines were down 2.47 per cent to C$9.46 as of 4:30 p.m. ET
Wesdome Gold Mines (WDO) released the results from recent surface exploration at its Eagle River Mine near Wawa, Ontario.
Falcon 7 Zone highlights:
- Hole ERS-2022-033: 11.1 g/t Au over 3.0-metre core length (11.1 g/t Au capped, 2.6-metre true width)
- Hole 355-E-31: 26.5 g/t Au over 2.0-metre core length (22.8 g/t Au capped, 1.6-metre true width)
- Hole 355-E-28: 20.3 g/t Au over 1.7-metre core length (20.3 g/t Au capped, 1.5-metre true width)
Mine 7 Zone highlights:
- Hole ERX-2022-018: 40.4 g/t Au over 3.0-metre core length (22.4 g/t Au capped, 2.4-metre true width)
- Hole ERS-2022-025: 31.3 g/t Au over 1.0-metre core length (31.3 g/t Au capped, 0.8 of a metre true width)
- Hole ERM-2016-23: 34.6 g/t Au over 0.9 of a metre core length (34.6 g/t Au capped, 0.8 of a metre true width)
Initial surface drilling within the volcanic rocks 150 metres east and down dip of the mine diorite of the previously mined 2 Zone intersected altered volcanic rocks with quartz veining and VG. One hole returned 233.0 g/t Au over 0.4 of a metre.
Surface and underground drilling, from the 355 metre-level exploration drift, has defined the up-plunge extent of the Falcon 7 zone and has now extended the mineralization to surface with the recent drilling within 50 metres from surface.
Duncan Middlemiss, President and CEO of Wesdome Gold Mines, said that the ongoing surface and underground drilling of the Falcon 7 Zone continues to better define and extend the zone up plunge to surface.
“Extending to surface, this zone could represent a new mining area. Also, the surface drilling, although early days, has returned a number of good values not only parallel to the Falcon 7 zone but also further to the west. It appears that the gold mineralization in the volcanic rocks has a similar periodicity to the gold mineralization to that of the high-grade shoots within the mine diorite. The completion of the 355 m-level development will allow us to continue drilling the Falcon 7 zone and provide access for future mining. This development can also be extended further to the west to provide drilling platforms for additional zones along strike. We remain encouraged with our ongoing exploration outside of the mine diorite as the Falcon 7 Zone is an important aspect of future operations, as it is situated independent of the main mining area at depth.”
He added that the drilling that has discovered a new lens within the mine diorite can be drilled and developed from existing underground infrastructures as this new lens is proximal to the past producing 8 zone.
“Again, this indicates the potential of continually discovering new zones of gold mineralization within the relatively unexplored central portion of the mine diorite.”
Wesdome Gold Mines Ltd. is focused 100 per cent on Canadian projects, each of which is in various stages of development.
Wesdome Gold Mines (WDO) shares were down 2.47 per cent to C$9.46 at 4:30 p.m. ET.