Wesdome Announces Drilling at Kiena Complex Traces VC Zone at Depth 17.70 G/T over 5.6 Metres True Width
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PRESS
RELEASE
SEPTEMBER 25 2017
TSX:WDO
WESDOME ANNOUNCES DRILLING AT KIENA COMPLEX TRACES
VC ZONE AT DEPTH 17.70 g/t OVER 5.6 METRES TRUE WIDTH
Toronto, Ontario – September 25, 2017 – Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome”
or the “Company”) is pleased to update current underground drilling progress at its wholly -owned
Kiena Mine Complex, Val d'Or, Quebec.
Drilling is currently focused on delineating the potential of prospective targets, which are located
close to existing mine infrastructure with the ability to enhance future production scenarios.
To date, drilling has traced the VC Zone 200 metres below the 670 metre level. It remains open to
the west and at depth.
Highlights include:
• 262.13 g/t or (17.70 g/t cut to 34.28 g/t) over 5.6 m true width in hole 6205
• 10.28 g/t or (8.56 g/t cut to 34.28 g/t) over 3.0 m true width in hole 6201
• 9.26 g/t (9.26 g/t cut) over 3.0 m true width in hole 6208
• 6.36 g/t (6.36 g/t cut) over 3.0 m true width in hole 6207
Results of current drilling and pre-2017 holes are compiled in Table 1 with drill hole pierce points
shown in Figure 1.
Duncan Middlemiss President and CEO states, “The early success in the exploration of additional
proximal zones, which may enhance future production scenarios, is very positive. We believe in the
potential of the Kiena Mine and during this pause of drilling the Kiena Deep, results such as these
just reinforce those beliefs on the quality of this asset, and the near term potential to redevelop for
production. The investigation relating to the tragic fatality on September 9, 2017 is still ongoing,
however the first Kiena Deep drill bay is 30 metres away from completion.”
VC ZONE CONTEXT
The VC Zone is situated approximately 600 metres north of Kiena’s main historic production area –
the S-50 Zone (Figure 2). During the period 2006-2013, the VC Zone produced 842,000 tonnes at
4.2 g/t between the depths of 200 metres and 670 metres. Current ramp development underway will
extend access to approximately 1100 metres depth.
The VC Zone is not included in the most recent mineral resource estimates (43-101 Technical
Report for the Quebec Wesdome Properties, December 16, 2015 available at www.sedar.com).
These encouraging results demonstrate the VC Zone continues at depth and offers potential to
increase resources in close proximity to existing mine infrastructure.
The VC Zone consists of a series of east-west striking, sub vertically dipping and overlapping lenses
of calcite-quartz stockwork veining. It is situated at deformed komatiite-basalt contacts believed to
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be a northern extension of the S-50 structural corridor. Mineralization is commonly accompanied by
irregular albitized diorite dykes.
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.
TECHNICAL DISCLOSURE
The technical and scientific disclosure in this press release has been prepared and approved by Marc
Ducharme, P. Geo. (OGQ #597), Chief Exploration Geologist of Wesdome and "Qualified Person"
as defined by National Instrument 43-101 disclosure standards. 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. Pre-2017 drilling results are derived from fire assay data
produced from the Kiena Mine Assay office. Blind and internal QA/QC procedures were rigorously
performed and sampling results routinely reconciled to production.
ABOUT WESDOME
Wesdome Gold Mines is in its 30 th year 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 , which is being
explored and evaluated to be developed in the appropriate gold price environment . 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 or Lindsay Carpenter Dunlop
President and CEO VP Investor Relations
416-360-3743 ext. 29 416-360-3743 ext. 25
[email protected] [email protected]
8 King St. East, Suite 811
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Toronto, ON, M5C 1B5
Toll Free: 1-866-4-WDO-TSX
Phone: 416-360-3743, Fax: 416-360-7620
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. The Company has included in this news release certain non-IFRS
performance measures, including, but not limited to, mine operating profit, mining and processing costs and cash costs. Cash costs per ounce reflect actual mine
operating costs incurred during the fiscal period divided by the number of ounces produced. These measures are not defined under IFRS and therefore should
not be considered in isolation or as an alternative to or more meaningful than, net income (loss) or cash flow from operating activities as determined in
accordance with IFRS as an indicator of our financial performance or liquidity. The Company believes that, in addition to conventional measures prepared in
accordance with IFRS, certain investors use this information to evaluate the Company's performance and ability to generate cash flow
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Table 1: VC Zone Underground Drilling Results
Hole No. From (m) To
(m)
Core
length (m)
Estimated
True
Width (m)
Assay
(g/t Au)
Assay Cut
Grade* (g/t Au) Remarks
6201 267.30 271.20 3.9 3.0 10.28 8.65
6202 225.50 229.00 3.5 3.0 NSA NSA
6203 293.30 297.80 4.5 3.2 NSA NSA
6204 ABD ABD
6205 299.50 307.00 7.5 5.6 262.13 17.70 VG
including 304.20 304.80 0.6 0.5 2578.56 34.28 VG
6206 262.00 266.00 4.0 3.0 NSA NSA
6207 231.00 234.40 3.4 3.0 6.36 6.36
6208 243.80 247.20 3.4 3.0 9.26 9.26 VG
6209 280.90 284.80 3.9 3.0 4.73 4.73 VG
6210 Results pending
6219 Hole in progress
6227 Results pending VG
6228 Results pending
6229 Hole in progress
4435A † 334.40 338.70 4.3 3.0 4.22 4.22
4538 † 334.10 338.50 4.4 3.0 3.14 3.14
4539 † 241.30 249.00 7.7 6.7 6.33 6.33 VG
4559 † 81.70 85.20 3.5 3.0 3.40 3.40
4575 † 234.60 238.40 3.8 3.0 4.76 4.76
4596 † 212.80 216.00 3.2 3.0 3.76 3.76
4597 † 275.10 279.10 4.0 3.0 3.72 3.72
4600 † 217.20 220.40 3.2 3.0 7.33 7.33
4601 † 214.50 217.50 3.0 3.0 5.48 5.48
4604 † 228.20 231.50 3.3 3.1 4.50 4.50
5794 † 173.00 179.60 6.6 4.8 10.90 10.90
5800 † 193.00 198.30 5.3 3.0 6.86 6.42 VG
5813 † 107.00 116.00 9.0 8.0 8.51 8.51
5814 † 48.00 52.00 4.0 3.0 8.54 8.54
5815 † 62.00 67.00 5.0 3.0 6.62 6.62
* Assay intervals include values cut to an arbitrary, historic 1 oz / ton or 34.28 g/t Au
† Pre-2017 drill holes
(VG) = visible gold
(ABD) = Hole abandoned - target not attained
(NSA) = No significant assay
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Figure One: VC Zone Long Section
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Figure Two: Kiena Mine Development
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