WESDOME GOLD MINES LTD. - 811 ZONE DRILLING EXCEEDS EXPECTATIONS
TORONTO, Sept. 20 /CNW/ - Wesdome Gold Mines Ltd. (WDO-TSX) is pleased to announce further high grade drilling results from the 811 zone at its 100% owned Eagle River Mine located 50 kilometres due west of Wawa, Ontario. These results compliment initial delineation drilling results released August 26, 2009 and subsequent results released July 6, 2010 (www.wesdome.com).
The 811 zone has now been traced 300 metres (1,000 feet) below existing workings and remains open at depth. It averages about 150 metres (500 feet) in length and demonstrates strong, consistent grades and widths.
Highlights of the drilling include the following consecutive holes drilled on section 9375E.
- EU-374 70.14 gAu/tonne over 1.97 metres true width
- EU-375 45.12 gAu/tonne over 1.92 metres true width
- EU-376 37.03 gAu/tonne over 2.75 metres true width
- EU-377 38.77 gAu/tonne over 5.82 metres true width
- EU-378 43.55 gAu/tonne over 4.90 metres true width
Donovan Pollitt, P.Eng., President commented "This year's drilling clearly demonstrates much higher grades than previously indicated. This should have a positive impact on our year-end reserve estimates."
Results for three cross sections are presented in Table 1 with the locations of the drill holes illustrated on the accompanying longitudinal section (Figure 1).
Table 1
Section | Hole No. |
From (m) |
To (m) |
Core Length (m) |
True Width (m) |
Grade (gAu/tonne) |
Cut Grade (140 gAu/tonne) |
||
9400E | EU-345 | 174.00 | 175.50 | 1.50 | 1.45 | 12.39 | 12.39 | ||
EU-346 | 197.65 | 199.45 | 1.80 | 1.56 | 3.42 | 3.42 | |||
EU-347 | 210.20 | 211.90 | 1.70 | 1.47 | 14.42 | 14.42 | |||
EU-348 | 241.40 | 243.40 | 2.00 | 1.73 | 1.79 | 1.79 | |||
EU-349 | 252.40 | 254.10 | 1.70 | 1.47 | 1.24 | 1.24 | |||
EU-350 | 297.10 | 301.00 | 3.90 | 2.51 | 16.80 | 16.80 | |||
EU-351 | 314.40 | 317.20 | 2.80 | 2.42 | 78.83 | 72.61 | |||
9375E | EU-369 | 164.10 | 165.90 | 1.80 | 1.69 | 71.65 | 59.05 | ||
EU-370 | 172.50 | 174.20 | 1.70 | 1.47 | 19.20 | 19.20 | |||
EU-371 | 192.50 | 194.10 | 1.60 | 1.50 | 0.41 | 0.41 | |||
EU-372 | 201.50 | 203.20 | 1.70 | 1.47 | 1.61 | 1.61 | |||
EU-373 | 236.00 | 237.70 | 1.70 | 1.47 | 19.65 | 19.65 | |||
EU-374 | 258.60 | 261.00 | 2.40 | 1.97 | 70.14 | 42.49 | |||
EU-375 | 259.95 | 262.45 | 2.50 | 1.92 | 45.12 | 43.86 | |||
EU-376 | 289.90 | 294.70 | 4.80 | 2.75 | 37.03 | 26.10 | |||
EU-377 | 308.30 | 315.90 | 7.60 | 5.82 | 38.77 | 36.25 | |||
EU-378 | 314.60 | 321.00 | 6.40 | 4.90 | 43.55 | 37.53 | |||
9350E | EU-380 | 174.50 | 176.20 | 1.70 | 1.47 | 0.26 | 0.26 | ||
EU-381 | 189.40 | 191.15 | 1.75 | 1.52 | 23.04 | 23.04 | |||
EU-382 | 200.75 | 202.70 | 1.95 | 1.49 | 1.26 | 1.26 | |||
EU-383 | 213.05 | 214.85 | 1.80 | 1.47 | 7.82 | 7.82 | |||
EU-384 | 255.40 | 257.40 | 2.00 | 1.53 | 9.86 | 9.86 | |||
EU-385 | 261.60 | 263.30 | 1.70 | 1.47 | 18.82 | 18.82 | |||
EU-386 | 358.80 | 361.10 | 2.30 | 1.48 | 2.82 | 2.82 |
The 811 zone strikes east-west and dips 70 degrees north. It consists of laminated white quartz, minor sulphides and free gold hosted in a sheared quartz diorite stock.
All assays are performed at the Eagle River mine assay office by fire assay on 25 gram sample aliquots. Duplicates, replicates, blanks and standards are routinely incorporated into the sample stream to monitor quality control. George Mannard, P.Geo and Vice President Exploration, Wesdome Gold Mines Ltd. is the "Qualified Person" responsible for the technical content of this Press Release as required by National Instrument 43-101.
ABOUT WESDOME
Wesdome is an established Canadian gold producer with wholly-owned mining and milling complexes located in Wawa, Ontario and Val d'Or, Québec. Wesdome has been producing gold continually for 20 years on an unhedged basis and to date has produced in excess of 1.0 million ounces. The Company has 100.8 million shares issued and outstanding and trades on the Toronto Stock Exchange under the symbol "WDO".
This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
For further information:
Donovan Pollitt, P.Eng. , CFA President & CEO |
or |
Shelly John Manager, Investor Relations |
8 King St. East, Suite 1305
Toronto, ON, M5C 1B5
Toll Free: 1-866-4-WDO-TSX
Phone: 416-360-3743, Fax: 416-360-7620
Email: [email protected], Website:www.wesdome.com
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