Wesdome Announces Initial Development of the 300 E Discovery at the Eagle River MINE; Strong Grades and Continuity Confirmed
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PRESS
RELEASE
MAY 31, 2017
TSX:WDO
WESDOME ANNOUNCES INITIAL DEVELOPMENT OF THE 300 E
DISCOVERY AT THE EAGLE RIVER MINE; STRONG GRADES AND
CONTINUITY CONFIRMED
Toronto, Ontario – May 31, 2017 – Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the
“Company”) is pleased to announce initial development results from its new 300E Zone located at
the Company’s Eagle River Mine near Wawa, Ontario.
Development completed in 2016 provided access to drill and develop this discovery , initially
announced in a Press Release dated November 30, 2015 ( www.wesdome.com) with subsequent
diamond drill results announced on January 26, 2017. To date, diamond drilling has traced the
structure from 750 metre depth to 1,000 metre depth , and remains open in both directions.
Development on the 844 metre level was completed in May on the 300E Zone where drifting results
have confirmed continuity and strong grades , and the existence of a new and significant production
area for the Eagle River Mine.
The 300 Zone is a recently recognized structure located 300 -400 metres north of the main 8 Zone
structure, which has provided the bulk of the Eagle River Mine’s production over the last twenty years.
It consists of two areas, 300W and 300E (see Figure 1). The 300W area is typified by a steeply dipping,
tabular, shear hosted quartz vein. The 300E area consists of a series of tabular to pipe-like quartz vein
systems with strong folding leading to localized widths and grades that are wider as well as higher in
grade (303 Lens). Development to date has identified the following subzones on the 844 metre level
(see Figure 2).
844mL DRIFT HIGHLIGHTS
Lens Strike Length Average Width Uncut Grade Cut Grade*
300A 9.70 m 1.50 m 5.97 g Au/tonne 5.97 g Au/tonne
300B 20.30 m 2.07 m 15.20 g Au/tonne 13.36 g Au/tonne
300C 20.90 m 1.58 m 4.74 g Au/tonne 4.74 g Au/tonne
301N 33.00 m 2.65 m 15.87 g Au/tonne 15.87 g Au/tonne
301 54.80 m 1.98 m 52.02 g Au/tonne 31.88 g Au/tonne
302 13.50 m 2.58 m 12.81 g Au/tonne 10.29 g Au/tonne
303 21.50 m 8.15 m 50.68 g Au/tonne 29.67 g Au/tonne
*grades cut to 140g Au/tonne
The combined strike length of the subzones is 173.70m with a weighted average width of 2.85 m and
cut and uncut gold grades of 22.62 g Au/tonne and 34.79 g Au/tonne, respectively.
Mr. Duncan Middlemiss, President and CEO commented, “This initial development has added to our
understanding of the significance of the wide and rich intercepts released on January 26, 2017. We are
developing a new production area for the mine that displays above historic average widths and grades.
Recent successes in the 300E, 300W and 7 Zones bode well for increasing the average grades of our
mineral reserves and our near term annual production profiles. We expect to see production ore from
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the 300E Zone by the end of this year, but the longer term implications are to continue our mine wide
exploration program keying in on the potential extensions of all of these zones along strike.”
TECHNICAL DISCLOSURE
All assays are performed by fire assay on 25 gram aliquots at the Eagle River Mine assay office.
Duplicates, replicates and blanks are routinely employed to monitor quality control. The technical
content of this release has been compiled, reviewed and approved by Philip Ng, P.Eng, Chief Operating
Officer of the Company and a “Qualified Person” as defined in National Instrument 43-101 -Standards
of Disclosure for Mineral Projects.
ABOUT WESDOME
Wesdome Gold Mines is in its 3 1st 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 near 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 13 3 million shares issued and outstanding and trades on the T oronto 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
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.
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Figure 1 Eagle River Mine Reserve Longsection
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Figure 2– 844m Sublevel 300 E Assay Plan
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Figure 3 300 Zone Longsection
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