Wesdome Continues to Define Kiena High Grade Zones Near Underground Infrastructure and at Surface
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PRESS
RELEASE
September 29, 2021
TSX:WDO
WESDOME CONTINUES TO DEFINE KIENA HIGH GRADE ZONES
NEAR UNDERGROUND INFRASTRUCTURE AND AT SURFACE
Toronto, Ontario – September 29, 2021 – Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome”
or the “Company”) today announces underground exploration drilling results from the Kiena Deep
Zone and initial surface exploration drilling results at the Company’s 100% owned Kiena Mine
Complex in Val d'Or, Quebec.
Kiena Deep A Zone and Footwall Zone Drilling
On March 23, 2021, Wesdome announced the discovery of a new high grade gold zone in the footwall
of the A Zone , (the Footwall Zone ), which has been the focus of our in-fill drilling over the past
several months.
The Footwall Zone is interpreted as lenses of gold mineralization located within a 50 metre (‘m’) wide
corridor adjacent to th e footwall of the A2 Zone. Gold mineralization is associated with quartz ±
visible gold veins that are spatially associated with amphibolite altered komatiite, basaltic komatiite
and basalt units.
Because the recent drilling has been impacted by the industry wide shortage of skilled drillers, 11 holes
and their wedges having reached the Footwall and A Zones since the last press release . As such,
additional drilling is still required to determine the geometry of the mineralized lenses forming the
corridor of the Footwall Zone. The orientation, dip and geometry of these new lenses will need to be
confirmed in order to determine true widths. However, it is interpreted that the Footwall zone runs
parallel to the A Zone and extends at least 300 m. Mineralization remains open laterally and down
plunge (Figure 1).
Additionally, the recent A Zone high grade drill intersections inside and outside of the current A Zone
resource block model shows the potential to expand the current resource estimate.
Highlights of the recent drilling are listed below and summarized in Table 1.
• Hole 6762: 132.1 g/t Au over 7.4 m core length (27.6 g/t Au capped, 3.9 m true width) A
Zone
• Hole 6752W4: 34.3 g/t Au over 7.2 m core length (32.2 g/t Au capped, 3.5 m true width)
A2 Zone
• Hole 6762W2: 13.4 g/t Au over 16.0 m core length (13.0 g/t Au capped) Footwall Zone
• Hole 6762W1: 20.1 g/t Au over 9.1 m core length (18.5 g/t Au capped) Footwall Zone
All assays cut to 90.0 g/t Au. True widths are unknown at this time for the Footwall Zone.
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Regional Surface Exploration Drilling
Initial surface drilling has focused on the Presqu’ile and Shawkey areas located northwest and
southeast of the Kiena Mine, respectively (Figure 2). Since July 2021, two drills on barges have been
testing the continuity of some gold anomalies in the Jacola Formation which host the Kiena mine.
In early September 2021, a third drill was added in the Shawkey area to follow up on historical gold
anomalies and newly intersected mineralization.
Highlights of the recent drilling at Presqu’ìle and Shawkey zones are listed below and summarized in
Table 2.
• Hole PR-20-001: 1515.0 g/t Au over 0.5 m core length
• Hole PR-20-001: 23.1 g/t Au over 2.2 m core length
• Hole PR-21-008: 63.9 g/t Au over 0.9 m core length
• Hole SW-21-009: 20.80 g/t Au over 1.5 m core length
• Hole SW-21-013: 29.40 g/t Au over 1.1 m core length
The true widths of the intersections of the Presqu’ìle zones are believed to be of 70% or higher of the
intersected length.
Previous drilling at the Presqu’ile zones has defined a small near surface mineral resource (see press
release dated December 15th, 2020). Eleven of the reported holes for this zone intersected gold
mineralization and helped to define a steeply east-plunging trend. Future drilling will continue to test
the extent of the mineralization which is near to an underground access at a vertical depth of 320 m
below surface and approximately 450 m to the north.
The drilling in the Shawkey area was following up on gold anomalies in historical holes and
exploring untested areas along strike. Eight holes intersected a new zone called Bourgo which is
perpendicular to the general northwest-southeast trend. It consists of quartz veins with very low
sulphide content hosted in a komatiitic basalt unit. The northern orientation is similar to the
orientation of the nearby Kiena Deep A Zones. Drilling is planned to improve the understanding of
this area.
Mr. Duncan Middlemiss, President and CEO commented, “ We are please d with the recent
underground exploration drilling that continues to define the high grade Footwall Zone, which already
extends over 300 metres down plunge. This new discovery could have major positive impacts on the
project as the underground infrastructure utilized to access the A Zones would only incrementally be
added to for the potential mining of the Footwall Zones . It is our goal to include this zone in the
updated mineral resource estimate at year end.
We are also pleased with initial surface exploration results which could potentially increase our
resource base in areas proximal to the mine. These results also illustrate the excellent potential to
find new discoveries on our large, and hugely underexplored property. The fact we have
mineralization in a similar orientation as the A Zones in the Bourgo Zone is notable. Any near mine
resource has the potential to add additional mill feed and place less strain with increased flexibility
on mine production.
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Drilling has been impacted by a very competitive market, and we are working with our drilling
contractors to mitigate the shortage of drillers in the area and hope to increase drilling rates going
forward.
We are also please d with the progress being made ramping up production at Kiena. The f irst stope
from the Kiena Deep A Zone is now in production as per plan and will be processed soon at the
Kiena mill, which has been processing ore from the S -50 zone since mid -July. We are satisfied with
the advancement of the project so far and will provide updates accordingly.”
TECHNICAL DISCLOSURE
The underground technical and geoscientific content of this release has been compiled, reviewed
and approved by Bruno Turcotte, P.Geo., (OGQ #453) Chief Geologist – Underground
Exploration of the Company. The surface technical and geoscientific content of this release has
been compiled, reviewed and approved by Yan Ducharme, P.Geo., (OGQ #690) Exploration
Manager of the Company. Both are a "Qualified Person" as defined in National Instrument 43-101
-Standards of Disclosure for Mineral Projects.
Analytical work was performed by ALS Minerals of Val -d’Or (Quebec), a certified commercial
laboratory (Accredited Lab #689). Sample preparation was done at ALS Minerals in Val d'Or
(Quebec). Assaying was done by fire assay methods with an atomic absorption finish. Any sample
assaying >3 g/t Au was rerun by fire assay method with gravimetric finish, and any sample
assaying >10 g/t Au was rerun with the metallic sieve method. 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.
COVID-19
The health and safety of our employees, contractors, vendors, and consultants is the Company’s top
priority. In response to the COVID -19 outbreak, Wesdome has adopted all public health guidelines
regarding safety measures and protocols at all of its mine operations and corporate offices. In addition,
our internal COVID-19 Taskforce continues to monitor developments and implement policies and
programs intended to protect those who are engaged in business with the Company.
Through care and planning, to dat e the Company has successfully maintained operations, however
there can be no assurance that this will continue despite our best efforts. Future conditions may
warrant reduced or suspended production activities which could negatively impact our ability to
maintain projected timelines and objectives. Consequently, the Company’s actual future production
and production guidance is subject to higher levels of risk than usual. We are continuing to closely
monitor the situation and will provide updates as they become available.
ABOUT WESDOME
Wesdome Gold Mines is a 100% Canadian focused Company that has had over 30 years of continuous
gold mining operations in Canada. The Company’s strategy is to build an intermediate gold producer,
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producing 200,000+ ounces fr om two mines in Ontario and Quebec. The Eagle River Complex in
Wawa, Ontario is currently increasing gold production from the high-grade Eagle River Underground
Mine. 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 is currently completing a PFS in support of a production restart decision.
The Company is in the process of divesting of its Moss Lake gold deposit, located 100 kilometres
(“kms”) west of Thunder Bay, Ontario. The Company has approximately 140.8 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. 2029 416-360-3743 ext. 2025
[email protected] [email protected]
220 Bay St, Suite 1200
Toronto, ON, M5J 2W4
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 sec urities 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 additio n 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: Kiena Complex Underground Drilling Assay and Composite Results
Composites
Hole No.
From
(m)
To
(m)
Core
Lengt
h (m)
Estimate
d True
width (m)
Grade
(g/t Au)
Cut Grade
(90 g/t
Au)
Name
Zone
6759 70.0 74.3 4.3 4.3 7.45 7.45 A Zone
6762 444.6 452.0 7.4 3.9 132.09 27.64 A Zone
6767 71.0 75.5 4.5 4.4 19.55 19.55 A Zone
6785W1 186.2 193.7 7.5 3.2 6.00 6.00 A Zone
6742W11 358.0 362.2 4.2 3.4 5.86 5.86 A1 Zone
6752 762.2 769.9 7.6 6.7 17.85 15.69 A1 Zone
6752W4 239.0 243.5 4.5 3.0 10.35 10.35 A1 Zone
6755W1 231.0 235.9 4.9 4.1 8.45 8.45 A1 Zone
6762 458.0 466.0 8.0 3.7 141.97 15.47 A1 Zone
6762W1 214.2 225.2 11.0 4.1 4.14 4.14 A1 Zone
6762W3 222.4 242.8 20.4 4.2 8.10 8.10 A1 Zone
6785 372.3 377.3 5.0 3.5 5.11 5.11 A1 Zone
6752W1 300.4 310.5 10.1 3.7 14.10 14.10 A2 Zone
6752W2 158.5 164.2 5.7 4.4 12.85 12.85 A2 Zone
6752W3 212.5 220.0 7.5 4.5 13.87 13.87 A2 Zone
6752W4 265.7 272.9 7.2 3.5 34.31 32.32 A2 Zone
6762W1 249.4 259.6 10.2 3.9 9.10 9.10 A2 Zone
6752W2 172.5 176.0 3.5 - 14.20 14.20 Footwall
6752W2 188.0 192.5 4.5 - 34.09 34.09 Footwall
6752W4 283.4 287.2 3.8 - 4.41 4.41 Footwall
6762W1 271.5 280.0 8.5 - 3.19 3.19 Footwall
6762W1 294.4 303.5 9.1 - 20.11 18.54 Footwall
6762W2 325.5 341.5 16.0 - 13.37 12.98 Footwall
6762W3 306.1 316.3 10.2 - 8.78 8.78 Footwall
6762W3 327.1 331.6 4.5 - 7.30 7.30 Footwall
* Metallic Sieve Analysis Pending
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Assays
Hole No.
From
(m)
To
(m)
Core
Length (m)
Grade
(g/t Au)
Cut Grade
(90 g/t Au)
Name
Zone
6742W11 358.0 359.5 1.5 0.12 0.12 A1 Zone
6742W11 359.5 360.7 1.2 15 15 A1 Zone
6742W11 360.7 362.2 1.5 0.54 0.54 A1 Zone
6752 762.2 763.0 0.8 9.43 9.43 A1 Zone
6752 763.0 763.8 0.8 7.14 7.14 A1 Zone
6752 763.8 764.6 0.8 7.97 7.97 A1 Zone
6752 764.6 765.6 1.0 106.50 90.00 A1 Zone
6752 765.6 766.6 1.0 0.38 0.38 A1 Zone
6752 766.6 767.6 1.0 0.39 0.39 A1 Zone
6752 767.6 768.6 1.0 0.43 0.43 A1 Zone
6752 768.6 769.9 1.3 7.36 7.36 A1 Zone
6752W1 300.4 301.4 1.0 2.71 2.71 A1 Zone
6752W1 301.4 302.4 1.0 1.14 1.14 A1 Zone
6752W1 302.4 303.4 1.0 20.6 20.6 A1 Zone
6752W1 303.4 304.4 1.0 3.73 3.73 A1 Zone
6752W1 304.4 305.4 1.0 47.8 47.8 A1 Zone
6752W1 305.4 306.4 1.0 0.49 0.49 A1 Zone
6752W1 306.4 307.4 1.0 0.26 0.26 A1 Zone
6752W1 307.4 308.7 1.3 0.75 0.75 A1 Zone
6752W1 308.7 309.7 1.1 59.2 59.2 A1 Zone
6752W1 309.7 310.5 0.8 6.73 6.73 A1 Zone
6752W2 158.5 159.0 0.5 4.91 4.91 A2 Zone
6752W2 159.0 160.0 1.0 4.52 4.52 A2 Zone
6752W2 160.0 161.0 1.0 12.40 12.40 A2 Zone
6752W2 161.0 162.0 1.0 50.10 50.10 A2 Zone
6752W2 162.0 162.5 0.5 2.38 2.38 A2 Zone
6752W2 162.5 164.2 1.7 1.52 1.52 A2 Zone
6752W2 172.5 173.5 1.0 47.90 47.90 Footwall
6752W2 173.5 174.5 1.0 1.66 1.66 Footwall
6752W2 174.5 176.0 1.5 0.10 0.10 Footwall
6752W2 188.0 189.5 1.5 51.90 51.90 Footwall
6752W2 189.5 191.0 1.5 49.30 49.30 Footwall
6752W2 191.0 192.5 1.5 1.06 1.06 Footwall
6752W3 212.5 213.5 1.0 6.70 6.70 A1 Zone
6752W3 213.5 214.5 1.0 13.10 13.10 A1 Zone
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6752W3 214.5 215.6 1.1 61.50 61.50 A1 Zone
6752W3 215.6 217.0 1.4 9.25 9.25 A1 Zone
6752W3 217.0 218.0 1.0 0.57 0.57 A1 Zone
6752W3 218.0 219.0 1.0 0.38 0.38 A1 Zone
6752W3 219.0 220.0 1.0 2.65 2.65 A1 Zone
6752W4 239.0 240.5 1.5 2.23 2.23 A1 Zone
6752W4 240.5 242.0 1.5 28.80 28.80 A1 Zone
6752W4 242.0 243.5 1.5 0.03 0.03 A1 Zone
6752W4 265.7 266.3 0.6 2.85 2.85 A2 Zone
6752W4 266.3 266.9 0.6 12.75 12.75 A2 Zone
6752W4 266.9 267.9 1.0 100.50 90.00 A2 Zone
6752W4 267.9 268.9 1.0 28.40 28.40 A2 Zone
6752W4 268.9 269.9 1.0 1.42 1.42 A2 Zone
6752W4 269.9 270.9 1.0 76.20 76.20 A2 Zone
6752W4 270.9 271.9 1.0 6.50 6.50 A2 Zone
6752W4 271.9 272.9 1.0 2.71 2.71 A2 Zone
6752W4 283.4 284.4 1.0 1.11 1.11 Footwall
6752W4 284.4 285.4 1.0 7.53 7.53 Footwall
6752W4 285.4 286.4 1.0 6.62 6.62 Footwall
6752W4 286.4 287.2 0.8 1.87 1.87 Footwall
6755W1 231.0 232.5 1.5 16.70 16.70 A Zone
6755W1 232.5 234.0 1.5 0.20 0.20 A Zone
6755W1 234.0 235.0 1.0 0.02 0.02 A Zone
6755W1 235.0 235.9 0.9 0.75 0.75 A Zone
6759 70.0 71.0 1.0 1.48 1.48 A Zone
6759 71.0 72.0 1.0 17.55 17.55 A Zone
6759 72.0 73.3 1.3 8.58 8.58 A Zone
6759 73.3 74.3 1.0 1.86 1.86 A Zone
6762 444.6 445.6 1.0 863.00 90.00 A Zone
6762 445.6 446.5 0.9 89.40 89.40 A Zone
6762 446.5 447.5 1.0 2.45 2.45 A Zone
6762 447.5 448.5 1.0 2.62 2.62 A Zone
6762 448.5 449.5 1.0 1.12 1.12 A Zone
6762 449.5 450.5 1.0 2.94 2.94 A Zone
6762 450.5 451.3 0.8 1.30 1.30 A Zone
6762 451.3 452.0 0.7 34.10 34.10 A Zone
6762 458.0 459.0 1.0 4.52 4.52 A1 Zone
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6762 459.0 460.0 1.0 0.01 0.01 A1 Zone
6762 460.0 461.0 1.0 0.03 0.03 A1 Zone
6762 461.0 462.0 1.0 0.16 0.16 A1 Zone
6762 462.0 463.0 1.0 0.02 0.02 A1 Zone
6762 463.0 464.0 1.0 16.60 16.60 A1 Zone
6762 464.0 465.1 1.1 1010.00 90.00 A1 Zone
6762 465.1 466.0 0.9 3.84 3.84 A1 Zone
6762W1 214.2 215.4 1.2 24.20 24.20 A1 Zone
6762W1 215.4 216.3 0.9 0.05 0.05 A1 Zone
6762W1 216.3 217.2 0.9 0.23 0.23 A1 Zone
6762W1 217.2 218.1 0.9 0.06 0.06 A1 Zone
6762W1 218.1 219.2 1.1 0.27 0.27 A1 Zone
6762W1 219.2 220.4 1.2 0.87 0.87 A1 Zone
6762W1 220.4 221.6 1.2 1.58 1.58 A1 Zone
6762W1 221.6 222.8 1.2 1.47 1.47 A1 Zone
6762W1 222.8 224.0 1.2 2.89 2.89 A1 Zone
6762W1 224.0 225.2 1.2 6.44 6.44 A1 Zone
6762W1 249.4 250.4 1.0 70.60 70.60 A2 Zone
6762W1 250.4 251.4 1.0 6.48 6.48 A2 Zone
6762W1 251.4 252.4 1.0 3.06 3.06 A2 Zone
6762W1 252.4 253.6 1.2 2.04 2.04 A2 Zone
6762W1 253.6 254.8 1.2 1.06 1.06 A2 Zone
6762W1 254.8 256.0 1.2 0.82 0.82 A2 Zone
6762W1 256.0 257.2 1.2 0.22 0.22 A2 Zone
6762W1 257.2 258.4 1.2 0.09 0.09 A2 Zone
6762W1 258.4 259.6 1.2 6.30 6.30 A2 Zone
6762W1 271.6 272.6 1.0 7.32 7.32 Footwall
6762W1 272.6 273.8 1.2 4.54 4.54 Footwall
6762W1 273.8 275.0 1.2 1.78 1.78 Footwall
6762W1 275.0 276.4 1.4 0.59 0.59 Footwall
6762W1 276.4 277.6 1.2 1.43 1.43 Footwall
6762W1 277.6 278.8 1.2 4.13 4.13 Footwall
6762W1 278.8 280.0 1.2 3.91 3.91 Footwall
6762W1 294.4 295.6 1.2 5.82 5.82 Footwall
6762W1 295.6 296.5 0.9 5.05 5.05 Footwall
6762W1 296.5 297.4 0.9 4.16 4.16 Footwall
6762W1 297.4 298.6 1.2 1.10 1.10 Footwall
6762W1 298.6 299.7 1.1 2.89 2.89 Footwall
6762W1 299.7 300.8 1.1 4.62 4.62 Footwall
6762W1 300.8 302.2 1.4 19.20 19.20 Footwall