Wesdome Expands Recently Discovered Hanging and Footwall Zones and Extends Kiena Deep a Zone over 125 Metres Down Plunge
1
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PRESS
RELEASE
February 14, 2023
TSX:WDO
WESDOME EXPANDS RECENTLY DISCOVERED HANGING AND
FOOTWALL ZONES AND EXTENDS KIENA DEEP A ZONE OVER 125
METRES DOWN PLUNGE
Toronto, Ontario – February 14, 2023 – Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or
the “Company”) today announces underground exploration drilling results from the Kiena Deep A
zone at the Company’s 100% owned Kiena Mine Complex in Val d'Or, Quebec.
Over the past several years, underground drilling has focussed on testing areas proximal to the Kiena
Deep A zones. As part of this exploration focus, early success discovered the Footwall zones in 2021.
Subsequently in 2022, exploration confirmed the presence of the South Limb at depth associated with
Kiena Deep A zone (see press release dated June 1, 2022), suggesting potential to increase the strike
length of the high grade A zone. Later in 2022, drilling intersected two new zones in the relative high
rock quality hanging wall basalt that returned 2,850 g/t Au (“grams per tonne gold”) over 1.5 metres
(“m”) (see press release dated November 16, 2022).
Since November, drill results have extended the Kiena Deep A zone 125 m down plunge. The A zone
extends continuously from 1, 100 m to approximately 2,000 m below surface and remains open at
depth. Hole N103 -6840W5 and N103 -6840W6 confirmed the extension of the North Limb of the
fold, with the overall geometry of the fold confirmed by hole 6840W4 (Figure 1), the true thickness
of the North Limb remains unknown. The down plunge continuity, volume and grade at depth of the
South limb will be tested by future drilling as access is provided by the hanging wall ramp.
Additionally, the latest drilling results have also continued to better define and expand the Footwall
zones. Lenses FWZ_1 to FWZ_4 were intersected by holes N112 -6861, N112-6861W1, and N112-
6862W2 (Figure 2). The results obtained have extended these lenses and also increased confidence in
the validity of the geological model.
Hole N103-6839W4 intersected and further defined the Hanging Wall Basalt zone (“HWB”) reported
in the November 16, 2022 press release ( Figure 1). More drilling is planned to better define the
orientation and the thickness of this zone.
Highlights of the recent drilling are listed below and summarized in Table 1.
• Hole N112-6861: 75.6 g/t Au over 10.0 m core length (35.8 g/t Au capped, 6.4 m true
width) A zone
• Hole N103-6840W5: 23.7 g/t Au over 5.0 m core length (23.7 g/t Au capped, unknown true
width) North Limb zone
• Hole N103-6840W6: 26.8 g/t Au over 4.0 m core length (24.8 g/t Au capped, unknown true
width) North Limb zone
• Hole N112-6861: 33.6 g/t Au over 21.8 m core length (10.8 g/t Au capped, 4.3 m true
width) Footwall_2 zone
• Hole N103-6839W4: 4.1 g/t Au over 22.8 m core length - Hanging Wall Basalt zone
2
Assays capped at 90.0 g/t Au for A zone and capped at 35.0 g/t Au for the Hanging Wall Basalt zones. True
widths are estimated.
Mr. Warwick Morley -Jepson, Interim President and CEO commented, “ We are please d with the
recent drill results that are continuing to better define and expand the recent discoverie s adjacent to
the Kiena Deep A Zone, namely the Footwall, South Limb and Hanging Wall Basalt zones. These
zones have the potential to increase the number of ounces per vertical metre and to provide additional
working faces during mining using the same underground infrastructure utilized to access the A zone.
This can be leveraged to mine these additional zones on a lower unit cost basis. The discovery of these
zones highlights the potential to add ounces within the basalt , where the rock quality is significantly
better than in the footwall of the A Zone allowing for increased overall development rates.
Additionally, recent drilling has extende d the A zone a further 125 metres down plunge, illustrating
the future growth potential of this zone. Obviously, testing at depth potential remains one of the
focuses of current drilling.
With the completion of the paste fill plant commissioning on Novem ber 30, 2022, commercial
production at the Kiena Mine was declared effective December 1, 2022 . To date, the paste fill plant
has performed well, with the focus now primarily on ramp development. Currently ahead of schedule,
ramp development in 2023 is designed to provide access to the much wider part of the high grade A
zone in early 2024. Wesdome will continue to provide periodic progress updates throughout the year.”
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, 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 completed at ALS Minerals in Val d'Or
(Quebec). Assaying comprised fire assay methods with an atomic absorp tion 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 geol ogy 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 is a Canadian focused gold producer with two high grade underground assets, the Eagle
River mine in Ontario and the recently re -started Kiena mine in Quebec. The Company also retains
meaningful exposure to the Moss Lake gold deposit in Ontario through its equity position in
Goldshore Resources Inc. The Company’s primary goal is to responsibly leverage this operating
platform and high -quality brownfield and greenfield exploration pipeline to build Canada’s next
intermediate gold producer. Wesdome trades on the Toronto Stock Exchange under the symbol
“WDO,” with a secondary listing on the OTCQX under the symbol “WDOFF.”
For further information, please contact:
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Warwick Morley-Jepson or Lindsay Carpenter Dunlop
Interim 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 b e 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 obliga tion to update forward -looking
statements if circumstances, management’s estimates or opinions sho uld 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 in vestors 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
Length
(m)
Estimated
True width
(m)
Grade (g/t
Au)
Cut Grade
(35 g/t
Au) Name Zone
N112-6861 321.0 328.5 7.5 4.4 3.92 3.92 BZA_1
N112-6861W1 177.0 182.4 5.4 5.0 11.24 7.47 BZA_1
N103-6839W4 362.6 369.2 6.6 4.0 72.24 20.15 A Zone
N103-6839W6 381.3 388.3 7.0 5.0 4.01 4.01 A Zone
N103-6840W4 313.5 318.9 5.4 NA 19.47 16.39 A Zone
N103-6840W5 385.0 390.0 5.0 NA 23.69 23.69 A Zone
N103-6840W6 289.0 293.0 4.0 NA 26.84 24.84 A Zone
N112-6861 339.0 349.0 10.0 6.4 75.64 35.79 A Zone
N112-6861W2 161.8 172.5 10.7 4.1 6.06 6.06 A Zone
N103-6839W4 378.9 383.9 5.0 3.8 6.11 6.11 A1 Zone
N112-6861W1 232.5 266.0 33.5 4.2 6.35 6.19 A1 Zone
N112-6861W2 182.5 188.3 5.8 3.0 43.14 24.31 A1 Zone
N112-6861 382.8 402.7 19.9 4.5 5.83 5.83 A2 Zone
N112-6861W1 287.5 328.5 41.0 3.9 3.35 3.35 A2 Zone
N112-6861 408.7 428.0 19.3 4.0 7.77 7.77 FWZ_1
N112-6861W2 252.0 256.9 4.9 3.0 77.44 19.48 FWZ_1
N112-6861 429.4 451.2 21.8 4.3 33.61 10.82 FWZ_2
N112-6861W1 397.0 411.7 14.7 5.3 13.16 13.16 FWZ_3
N112-6861W1 429.9 437.2 7.3 4.2 8.67 8.67 FWZ_4
N103-6839W4 289.0 311.8 22.8 NA 4.07 4.07 New Basalt
Assays
Hole No.
From
(m) To (m) Core Length (m)
Grade (g/t
Au) Cut Grade (35 g/t Au)
Name
Zone
N103-6839W4 289.0 290.0 1.0 4.90 4.90 HWB
N103-6839W4 290.0 291.0 1.0 2.82 2.82 HWB
N103-6839W4 291.0 292.0 1.0 4.45 4.45 HWB
N103-6839W4 292.0 293.0 1.0 0.91 0.91 HWB
N103-6839W4 293.0 294.0 1.0 1.78 1.78 HWB
N103-6839W4 294.0 294.8 0.8 1.03 1.03 HWB
N103-6839W4 294.8 295.6 0.8 1.36 1.36 HWB
N103-6839W4 295.6 296.4 0.8 2.09 2.09 HWB
N103-6839W4 296.4 297.2 0.8 4.31 4.31 HWB
5
N103-6839W4 297.2 298.0 0.8 7.84 7.84 HWB
N103-6839W4 298.0 298.8 0.8 0.76 0.76 HWB
N103-6839W4 298.8 299.8 1.0 2.61 2.61 HWB
N103-6839W4 299.8 300.8 1.0 2.30 2.30 HWB
N103-6839W4 300.8 301.8 1.0 1.00 1.00 HWB
N103-6839W4 301.8 302.8 1.0 2.33 2.33 HWB
N103-6839W4 302.8 303.8 1.0 0.73 0.73 HWB
N103-6839W4 303.8 304.8 1.0 3.91 3.91 HWB
N103-6839W4 304.8 305.8 1.0 9.17 9.17 HWB
N103-6839W4 305.8 306.8 1.0 16.40 16.40 HWB
N103-6839W4 306.8 307.8 1.0 5.20 5.20 HWB
N103-6839W4 307.8 308.8 1.0 4.01 4.01 HWB
N103-6839W4 308.8 309.8 1.0 1.70 1.70 HWB
N103-6839W4 309.8 310.8 1.0 0.85 0.85 HWB
N103-6839W4 310.8 311.8 1.0 13.70 13.70 HWB
Hole No.
From
(m) To (m) Core Length (m)
Grade (g/t
Au) Cut Grade (90 g/t Au)
Name
Zone
N103-6839W4 362.6 363.5 0.9 30.70 30.70 A Zone
N103-6839W4 363.5 364.4 0.9 13.05 13.05 A Zone
N103-6839W4 364.4 365.3 0.9 9.62 9.62 A Zone
N103-6839W4 365.3 366.2 0.9 472.00 90.00 A Zone
N103-6839W4 366.2 367.2 1.0 0.31 0.31 A Zone
N103-6839W4 367.2 368.1 0.9 1.16 1.16 A Zone
N103-6839W4 368.1 369.2 1.1 2.34 2.34 A Zone
Hole No.
From
(m) To (m) Core Lenght (m)
Grade (g/t
Au) Cut Grade (90 g/t Au)
Name
Zone
N103-6839W4 378.9 380.2 1.3 5.48 5.48 A1 Zone
N103-6839W4 380.2 381.0 0.8 7.76 7.76 A1 Zone
N103-6839W4 381.0 382.0 1.0 6.86 6.86 A1 Zone
N103-6839W4 382.0 383.0 1.0 5.62 5.62 A1 Zone
N103-6839W4 383.0 383.9 0.9 5.27 5.27 A1 Zone
Hole No.
From
(m) To (m) Core Lenght (m)
Grade (g/t
Au) Cut Grade (90 g/t Au)
Name
Zone
N103-6839W6 381.3 382.3 1.0 3.88 3.88 A Zone
N103-6839W6 382.3 383.3 1.0 0.18 0.18 A Zone
N103-6839W6 383.3 384.3 1.0 0.05 0.05 A Zone
N103-6839W6 384.3 385.3 1.0 0.14 0.14 A Zone
N103-6839W6 385.3 386.3 1.0 0.25 0.25 A Zone
N103-6839W6 386.3 387.3 1.0 22.40 22.40 A Zone
N103-6839W6 387.3 388.3 1.0 1.20 1.20 A Zone
Hole No.
From
(m) To (m) Core Lenght (m)
Grade (g/t
Au) Cut Grade (90 g/t Au)
Name
Zone
6
N103-6840W4 313.5 315.0 1.5 1.28 1.28 A Zone
N103-6840W4 315.0 316.0 1.0 0.63 0.63 A Zone
N103-6840W4 316.0 317.0 1.0 0.47 0.47 A Zone
N103-6840W4 317.0 318.0 1.0 4.49 4.49 A Zone
N103-6840W4 318.0 318.9 0.9 108.50 90.00 A Zone
Hole No.
From
(m) To (m) Core Lenght (m)
Grade (g/t
Au) Cut Grade (90 g/t Au)
Name
Zone
N103-6840W5 385.0 386.0 1.0 8.39 8.39 A Zone
N103-6840W5 386.0 387.0 1.0 46.70 46.70 A Zone
N103-6840W5 387.0 388.0 1.0 54.90 54.90 A Zone
N103-6840W5 388.0 389.0 1.0 7.38 7.38 A Zone
N103-6840W5 389.0 390.0 1.0 1.08 1.08 A Zone
Hole No.
From
(m) To (m) Core Lenght (m)
Grade (g/t
Au) Cut Grade (90 g/t Au)
Name
Zone
N103-6840W6 289 290 1.0 0.62 0.62 A Zone
N103-6840W6 290 291 1.0 5.54 5.54 A Zone
N103-6840W6 291 292 1.0 98.00 90.00 A Zone
N103-6840W6 292 293 1.0 3.20 3.20 A Zone
N103-6840W6 293 294 1.0 0.26 0.26 A Zone
Hole No.
From
(m) To (m) Core Lenght (m)
Grade (g/t
Au) Cut Grade (90 g/t Au)
Name
Zone
N112-6861 321 323 1.5 0.56 0.56 BZA_1
N112-6861 323 324 1.5 0.03 0.03 BZA_1
N112-6861 324 326 1.5 0.16 0.16 BZA_1
N112-6861 326 327 1.5 0.43 0.43 BZA_1
N112-6861 327 329 1.5 18.4 18.4 BZA_1
Hole No.
From
(m) To (m) Core Lenght (m)
Grade (g/t
Au) Cut Grade (90 g/t Au)
Name
Zone
N112-6861 382.8 384.3 1.5 2.59 2.59 A2 Zone
N112-6861 384.3 385.3 1.0 3.67 3.67 A2 Zone
N112-6861 385.3 386.2 0.9 1.40 1.40 A2 Zone
N112-6861 386.2 387.3 1.1 15.35 15.35 A2 Zone
N112-6861 387.3 388.3 1.0 0.20 0.20 A2 Zone
N112-6861 388.3 389.3 1.0 0.14 0.14 A2 Zone
N112-6861 389.3 390.3 1.0 2.10 2.10 A2 Zone
N112-6861 390.3 391.3 1.0 6.28 6.28 A2 Zone
N112-6861 391.3 392.3 1.0 0.49 0.49 A2 Zone
N112-6861 392.3 393.3 1.0 0.48 0.48 A2 Zone
N112-6861 393.3 394.3 1.0 0.05 0.05 A2 Zone
N112-6861 394.3 395.2 0.9 0.07 0.07 A2 Zone
N112-6861 395.2 396.1 0.9 5.69 5.69 A2 Zone
N112-6861 396.1 397.1 1.0 6.23 6.23 A2 Zone
7
N112-6861 397.1 398.0 0.9 0.31 0.31 A2 Zone
N112-6861 398.0 398.7 0.7 78.30 78.30 A2 Zone
N112-6861 398.7 399.7 1.0 0.54 0.54 A2 Zone
N112-6861 399.7 400.7 1.0 4.10 4.10 A2 Zone
N112-6861 400.7 401.7 1.0 2.36 2.36 A2 Zone
N112-6861 401.7 402.7 1.0 6.98 6.98 A2 Zone
Hole No.
From
(m) To (m) Core Lenght (m)
Grade (g/t
Au) Cut Grade (90 g/t Au)
Name
Zone
N112-6861 408.7 409.7 1.0 8.90 8.90 FWZ_1
N112-6861 409.7 410.7 1.0 4.08 4.08 FWZ_1
N112-6861 410.7 411.7 1.0 1.96 1.96 FWZ_1
N112-6861 411.7 413.1 1.4 3.91 3.91 FWZ_1
N112-6861 413.1 414.0 0.9 1.00 1.00 FWZ_1
N112-6861 414.0 415.0 1.0 0.77 0.77 FWZ_1
N112-6861 415.0 416.0 1.0 0.57 0.57 FWZ_1
N112-6861 416.0 417.0 1.0 0.84 0.84 FWZ_1
N112-6861 417.0 418.0 1.0 1.30 1.30 FWZ_1
N112-6861 418.0 419.0 1.0 0.69 0.69 FWZ_1
N112-6861 419.0 420.0 1.0 0.52 0.52 FWZ_1
N112-6861 420.0 420.8 0.8 1.19 1.19 FWZ_1
N112-6861 420.8 422.0 1.2 1.16 1.16 FWZ_1
N112-6861 422.0 423.0 1.0 0.07 0.07 FWZ_1
N112-6861 423.0 424.0 1.0 0.02 0.02 FWZ_1
N112-6861 424.0 425.0 1.0 82.70 82.70 FWZ_1
N112-6861 425.0 426.0 1.0 31.90 31.90 FWZ_1
N112-6861 426.0 427.0 1.0 3.52 3.52 FWZ_1
N112-6861 427.0 428.0 1.0 3.38 3.38 FWZ_1
Hole No.
From
(m) To (m) Core Lenght (m)
Grade (g/t
Au) Cut Grade (90 g/t Au)
Name
Zone
N112-6861 429.4 430.4 1.0 4.66 4.66 FWZ_2
N112-6861 430.4 431.6 1.2 504.00 90.00 FWZ_2
N112-6861 431.6 432.6 1.0 29.20 29.20 FWZ_2
N112-6861 432.6 433.6 1.0 89.00 89.00 FWZ_2
N112-6861 433.6 434.5 0.9 0.22 0.22 FWZ_2
N112-6861 434.5 436.0 1.5 0.13 0.13 FWZ_2
N112-6861 436.0 437.5 1.5 0.08 0.08 FWZ_2
N112-6861 437.5 439.0 1.5 0.02 0.02 FWZ_2
N112-6861 439.0 440.5 1.5 0.02 0.02 FWZ_2
N112-6861 440.5 442.0 1.5 0.05 0.05 FWZ_2
N112-6861 442.0 442.3 0.3 0.02 0.02 FWZ_2
N112-6861 442.3 444.3 2.0 0.13 0.13 FWZ_2
N112-6861 444.3 445.0 0.7 0.84 0.84 FWZ_2
N112-6861 445.0 445.7 0.7 0.37 0.37 FWZ_2
N112-6861 445.7 447.2 1.5 0.12 0.12 FWZ_2
8
N112-6861 447.2 448.2 1.0 0.03 0.03 FWZ_2
N112-6861 448.2 449.4 1.2 0.02 0.02 FWZ_2
N112-6861 449.4 450.2 0.8 0.01 0.01 FWZ_2
N112-6861 450.2 451.2 1.0 2.94 2.94 FWZ_2
Hole No.
From
(m) To (m) Core Lenght (m)
Grade (g/t
Au) Cut Grade (35 g/t Au)
Name
Zone
N112-6861W1 177 178 1.0 1.54 1.54 BZA_1
N112-6861W1 178 179 1.0 0.99 0.99 BZA_1
N112-6861W1 179 180 0.8 0.44 0.44 BZA_1
N112-6861W1 180 181 1.0 55.40 35.00 BZA_1
N112-6861W1 181 182 0.8 1.25 1.25 BZA_1
N112-6861W1 182 182 0.8 1.80 1.80 BZA_1
Hole No.
From
(m) To (m) Core Lenght (m)
Grade (g/t
Au) Cut Grade (90 g/t Au)
Name
Zone
N112-6861W1 232.5 233.5 1.0 5.90 5.90 A1 Zone
N112-6861W1 233.5 234.5 1.0 1.26 1.26 A1 Zone
N112-6861W1 234.5 235.4 0.9 1.80 1.80 A1 Zone
N112-6861W1 235.4 236.3 0.9 0.23 0.23 A1 Zone
N112-6861W1 236.3 237.2 0.9 0.31 0.31 A1 Zone
N112-6861W1 237.2 238.1 0.9 0.30 0.30 A1 Zone
N112-6861W1 238.1 239.0 0.9 0.83 0.83 A1 Zone
N112-6861W1 239.0 239.9 0.9 0.15 0.15 A1 Zone
N112-6861W1 239.9 240.8 0.9 2.44 2.44 A1 Zone
N112-6861W1 240.8 241.7 0.9 0.26 0.26 A1 Zone
N112-6861W1 241.7 242.8 1.1 2.11 2.11 A1 Zone
N112-6861W1 242.8 243.9 1.1 1.72 1.72 A1 Zone
N112-6861W1 243.9 245.0 1.1 0.34 0.34 A1 Zone
N112-6861W1 245.0 246.0 1.0 0.03 0.03 A1 Zone
N112-6861W1 246.0 247.0 1.0 0.03 0.03 A1 Zone
N112-6861W1 247.0 248.0 1.0 0.02 0.02 A1 Zone
N112-6861W1 248.0 249.0 1.0 0.06 0.06 A1 Zone
N112-6861W1 249.0 250.0 1.0 0.66 0.66 A1 Zone
N112-6861W1 250.0 251.0 1.0 95.40 90.00 A1 Zone
N112-6861W1 251.0 252.0 1.0 0.94 0.94 A1 Zone
N112-6861W1 252.0 253.0 1.0 0.07 0.07 A1 Zone
N112-6861W1 253.0 254.0 1.0 0.45 0.45 A1 Zone
N112-6861W1 254.0 255.0 1.0 4.35 4.35 A1 Zone
N112-6861W1 255.0 256.0 1.0 2.91 2.91 A1 Zone
N112-6861W1 256.0 257.0 1.0 1.07 1.07 A1 Zone
N112-6861W1 257.0 258.0 1.0 0.23 0.23 A1 Zone
N112-6861W1 258.0 259.0 1.0 0.70 0.70 A1 Zone
N112-6861W1 259.0 260.0 1.0 5.52 5.52 A1 Zone
N112-6861W1 260.0 261.0 1.0 0.98 0.98 A1 Zone
N112-6861W1 261.0 262.0 1.0 1.42 1.42 A1 Zone