Drilling of Kiena Deep A Zone From Exploration Ramp Returns High Grade Results
Drilling of Kiena Deep A Zone From Exploration Ramp Returns High Grade
Results
TORONTO, April 24, 2018 -- Wesdome Gold Mines Ltd. (TSX:WDO) (“Wesdome” or the “Company”) is pleased to provide the
results from the initial underground drilling of the Kiena Deep A Zone completed from the exploration ramp development at its
100% owned Kiena Mine Complex, in Val d'Or, Quebec.
Development of the Kiena Deep exploration ramp at the 1000 metre level commenced early August 2017 and is now finished
with a total of 986 linear metres completed to date. In sequence with the ramp development, drilling of the Kiena Deep A Zone
has commenced and the first 7 holes have been completed. This drilling is designed to better define and extend the A Zone,
where drilling in 2016 returned a number of encouraging results, including 192.95 grams per tonne gold (“g/t Au”) (18.80 g/t Au
cut) over 16.95 metres core length from the discovery hole 6125. (See news releases dated August 24, 2016 and November
15, 2016).
Initial drilling continues to trace the Kiena Deep mineralized system along an altered and deformed north-northwest trending
("NNW") basalt-komatiite contact zone. Visible gold was observed in several drill holes within predominantly shear zone
hosted quartz veins in mafic and ultramafic volcanic rocks. The results are highlighted below and summarized in Table 1.
Results Highlights:
Kiena Deep A Zone
• 39.58 g/t Au over 18.2 m core length (12.60 g/t cut, 10.4 m true width) in hole 6275
• 29.80 g/t Au over 6.5 m core length (6.12 g/t cut, 4.3 m true width ) in hole 6278
• 112.08 g/t Au over 3.1 m core length (28.24 g/t cut, 1.9 m true width) in hole 6279
• 22.69 g/t Au over 1.5 m core length (22.69 g/t cut, 0.6 m true width) in hole 6287
• 33.92 g/t Au over 12.9 m core length (10.47 g/t cut, 7.6 m true width) in hole 6288
• 200.30 g/t Au over 1.4 m core length (13.34 g/t cut, 0.8 m true width) in hole 6289
All assays cut to 34.28 g/t Au. True widths are estimated.
In addition, development on cross-cut level 102 and 103 northeast exposed a narrow laminated quartz vein, named the
“Prospect Vein”, trending 300° azimuth with a sub-vertical dip. Four grab samples returned 6.68, 137.85, 227.12 and 4.96 g/t
Au (see below Table 2 and Figure 2a).
Mr. Duncan Middlemiss, President and CEO, commented “We are pleased with the recent drilling results from Zone A that
confirm the previous high grade results from this zone, and continuity in this area. It is our goal to continue to better define the
extent and geometry of the gold mineralization in advance of an updated resource estimate near the end of the year. This zone
remains open up and down plunge and along strike to the northwest, and will be the focus of the ongoing drilling program.”
“Additional development and drilling platforms are being established in April to test the Upper Quartz Zone, where previous
drilling encountered an intercept of 94.4 g/t Au ( 18.03 g/t Au cut) over 17.4 m core length. Wesdome continues its
accelerated drilling program with the goal of determining the extent, continuity and geometry of the Kiena Deep gold system. A
fourth underground drill has now been added and a total of 50,000 metres is planned to be drilled underground in this program.
To date, a total of 13,127 metres have been drilled.”
One drill continues to follow up on near-mine, auxiliary targets including the VC and S-50 Zones, as they are important
components of any potential re-start plan since they are located close to existing mine infrastructure and development. Cross-
cut development on the 670 metre level is scheduled to be completed in May 2018 to provide drilling platforms to test the VC1
and VC6 zones.
The Company has completed this year’s drill program on Zone B of the Kiena Deep discovery. Drilling results of this area are
detailed in Table 2.
THE KIENA COMPLEX
The Kiena Mine Complex is a fully permitted, integrated mining and milling infrastructure which includes a 930 metre
production shaft and 2,000 tonne per day capacity mill. From 1981 to 2013 the mine produced 1.75 million ounces of gold from
12.5 million tonnes at a grade of 4.5 g/t. The bulk of this production came from the S-50 Zone between depths of 100 and
1,000 metres. In 2013, operations were suspended due to a combination of declining gold prices and lack of developed
reserves. The infrastructure has been well preserved on care and maintenance status. An independent 43-101 report dated
December 16, 2015 for the first time assessed the exploration potential and known resources for the entire property. Measured
and Indicated resources below a 100 metre crown pillar total 2,500,600 tonnes at 5.59 grams per tonne for 449,000 ounces.
Additional inferred resources below a 100 metre crown pillar total 1,563,300 tonnes at a 7.97 grams per tonne for 400,400
ounces.
Technical Report for the Quebec Wesdome Project (according to National Instrument 43-101 and Form 43-101F1) dated
December 16, 2015 prepared by Bruno Turcotte, P.Geo., Denis Gourde, Eng., Pierre-Luc Richard, P.Geo. of InnovExplo Inc.
TECHNICAL DISCLOSURE
The technical and scientific disclosure in this press release has been compiled, reviewed and approved by Marc Ducharme, P.
Geo. (OGQ #597), Chief Exploration Geologist of Wesdome and a "Qualified Person" as defined in National Instrument 43-101
– Standards of Disclosure for Mineral Projects.
Analytical work was performed by Techni-Lab (ActLabs) of Ste-Germaine-Boulé (Quebec), a certified commercial laboratory
(SCC Accredited Lab #707). Sample preparation was done at Techni-Lab (ActLabs) in Val d'Or (Quebec) and assaying was
done by fire assay methods at Techni-Lab (ActLabs) laboratory in Ste-Germaine-Boulé (Quebec). In addition to laboratory
internal duplicates, standards and blanks, the geology department inserts blind duplicates, standards and blanks into the
sample stream at a frequency of one in twenty to monitor quality control.
ABOUT WESDOME
Wesdome Gold Mines has had over 30 years of continuous gold mining operations in Canada. The Company is 100%
Canadian focused with a pipeline of projects in various stages of development. The Eagle River Complex in Wawa, Ontario is
currently producing gold from two mines, the Eagle River Underground Mine and the Mishi Open pit, from a central mill.
Wesdome is actively exploring its brownfields asset, the Kiena Complex in Val d’Or, Quebec. The Kiena Complex is a fully
permitted former mine with a 930 metre shaft and 2,000 tonne per day mill. The Company has further upside at its Moss Lake
gold deposit, located 100 kilometres west of Thunder Bay, Ontario. The Company has approximately 133.9 million shares
issued and outstanding and trades on the Toronto Stock Exchange under the symbol “WDO.”
For further information, please contact:
Duncan Middlemiss orLindsay Carpenter Dunlop
President and CEO VP Investor Relations
416-360-3743 ext. 29 416-360-3743 ext. 25
[email protected] [email protected]
Michael Michaud 8 King St. East, Suite 811
VP, Exploration Toronto, ON, M5C 1B5
416-360-3743 ext. 22
905-410-3191 Toll Free: 1-866-4-WDO-TSX
[email protected] Phone: 416-360-3743
Website: www.wesdome.com
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.
Table 1: Kiena Drilling Results - Kiena Deep Zone A
Hole From To Core length Estimated true width Grade (g/t Cut Grade * (g/t
No. (m) (m) (m) (m) Au) Au) Target
6275 196.50 197.50 1.0 0.6 1.04 1.04 Kiena Deep Zone A
6275 199.50 217.70 18.2 10.4 39.58 12.60 Kiena Deep Zone A
Including 199.50 208.20 8.7 5.0 78.40 21.97
Including 211.90 217.70 5.8 3.4 6.49 6.49
6275 221.80 224.60 2.8 1.6 2.14 2.14 Kiena Deep Zone A
6277 164.20 165.50 1.3 1.0 1.84 1.84 Kiena Deep Zone A
6277 NSA NSA Kiena Deep Zone A
6278 181.90 188.40 6.5 4.3 29.80 6.12 Kiena Deep Zone A
Including 181.90 182.90 1.0 0.7 188.16 34.28
6278 186.90 188.40 1.5 1.0 2.98 2.98 Kiena Deep Zone A
6279 169.10 172.20 3.1 1.9 112.08 28.24 Kiena Deep Zone A
6287 294.70 296.20 1.5 0.6 22.69 22.69 Kiena Deep Zone A
6287 313.80 316.80 3.0 1.2 5.32 5.32 Kiena Deep Zone A
Including 313.80 315.50 1.7 0.7 9.36 9.36
6288 284.70 297.60 12.9 7.6 33.92 10.47 Kiena Deep Zone A
Including 284.70 289.50 4.8 2.8 32.43 19.01
Including 294.70 297.60 2.9 1.7 97.00 14.94
6289 335.60 337.00 1.4 0.8 200.30 13.34 Kiena Deep Zone A
* Assay intervals include values cut to an arbitrary, historic 1 oz / ton or 34.28 g/t Au
NSA = No significant value
ABD = Hole abandoned
Table 2: Kiena Drilling Results - Kiena Deep Zone B
Hole
No.
From
(m)
To
(m)
Core length
(m)
Estimated true width
(m)
Grade (g/t
Au)
Cut Grade * (g/t
Au) Target
6264 127.00 128.00 1.0 0.7 1.76 1.76 Kiena Deep Zone B
6264 148.00 152.00 4.0 3.0 1.32 1.32 Kiena Deep Zone B
6264 171.00 172.00 1.0 0.7 7.46 7.46 Kiena Deep Zone B
6265 84.80 88.50 3.7 1.9 1.32 1.32 Kiena Deep Zone B
6265 153.00 155.00 2.0 1.1 0.93 0.93 Kiena Deep Zone B
6266 69.20 69.70 0.5 0.3 3.46 3.46
KD Zone B-Prospect
Vein
6266 127.80 128.30 0.5 0.3 4.10 4.10
KD Zone B-Prospect
Vein
6270 20.30 20.80 0.5 0.5 2.89 2.89
KD Zone B-Prospect
Vein
6271 37.40 37.90 0.5 0.2 5.98 5.98
KD Zone B-Prospect
Vein
6268 210.40 211.20 0.8 0.7 2.05 2.05 Kiena Deep Zone B
6269 65.00 66.50 1.5 0.8 3.02 3.02 Kiena Deep Zone B
6269 161.00 163.10 2.1 1.1 1.84 1.84 Kiena Deep Zone B
6269 269.00 270.50 1.5 0.8 1.25 1.25 Kiena Deep Zone B
6269 340.30 341.10 0.8 0.4 4.14 4.14 Kiena Deep Zone B
6269 347.60 348.50 0.9 0.5 1.86 1.86 Kiena Deep Zone B
6273 119.20 120.70 1.5 0.9 3.70 3.70 Kiena Deep Zone B
6273 198.70 200.70 2.0 1.3 1.94 1.94 Kiena Deep Zone B
* Assay intervals include values cut to an arbitrary, historic 1 oz / ton or 34.28 g/t Au
NSA = No significant value
ABD = Hole abandoned
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