Saturday 3rd December 2016

Resource Clips


Posts tagged ‘Wesdome Gold Mines Ltd (WDO)’

To Africa and back

January 2nd, 2013

Wesdome, African Queen and SLAM release gold results from Quebec, Kenya and New Brunswick

by Greg Klein

Next Page 1 | 2

Wesdome Gold Mines TSX:WDO began the New Year by releasing gold assays from its Kiena Mine in Val-d’Or, Quebec. The company stated that underground exploration drilling demonstrates continuity of the mine’s S-50 (South Zone) mineralized system southeast and at depth.

Intercepts were provided as estimated true widths. Grades were cut to 34.28 grams per tonne. Highlights include:

  • 8.6 grams per tonne gold over 7.3 metres
  • 3.38 g/t over 10.7 metres
  • (including 6.61 g/t over 2.2 metres)
  • 3.82 g/t over 8.78 metres
  • 34.28 g/t over 0.85 metres
  • 3.72 g/t over 6.75 metres
  • 2.83 g/t over 5.42 metres
  • 11.4 g/t over 1.07 metres
  • 8.86 g/t over 1.53 metres.
Wesdome’s Kiena Complex produced an estimated 20,000 gold ounces in 2012.

Wesdome’s Kiena Complex produced
an estimated 20,000 gold ounces in 2012.

One of Wesdome’s three operating gold mines, Kiena’s 2012 production is estimated at 20,000 ounces. The company expects another 20,000 ounces from its Eagle River operation and 10,000 ounces from the Mishi open pit, both near Wawa in central Ontario. As of December, Wesdome’s year-to-date cash flow was $10.5 million.

Wesdome opened January 2 at $0.87, two cents above the previous close. The stock nudged a day’s high of $0.90 before returning to an 87-cent close.

More January 2 gold results came from African Queen Mines’ TSXV:AQ Odundu Property, part of its Rongo Gold Fields Project in Kenya. The company stated that initial drill and trenching results indicate extensive, low-grade near-surface mineralization.

True widths weren’t provided for the drill results. One intercept began at a down-hole depth of 27 metres, while the furthest stopped at 171 metres. Drill assays include:

  • 1.03 grams per tonne gold over 26.35 metres

  • (including 5.27 g/t over 0.6 metres)
  • (including 2.87 g/t over 2.87 metres)
  • 1.17 g/t over 12 metres
  • (including 2.97 g/t over 2 metres)
  • 1.08 g/t over 11 metres
  • (including 5.96 g/t over 0.6 metres)
  • 0.89 g/t over 10 metres
  • 1.45 g/t over 5.16 metres
  • (including 3.21 g/t over 0.8 metres)
  • (including 2.31 g/t over 0.93 metres).

Next Page 1 | 2

Wesdome reports Quebec Gold Results up to 26.16 g/t over 3.3m

March 5th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningWesdome Gold Mines Ltd TSX:WDO announced assays from the Northwest and Martin zones of its Kiena Mine Complex in Quebec. Results from the Northwest Zone include

26.16 g/t gold over 3.3 metres
14.34 g/t over 5.4 metres
2.94 g/t over 8.1 metres
7.7 g/t over 2.9 metres
3.04 g/t over 7.2 metres
26.64 g/t over 0.5 metres
6.64 g/t over 2 metres

Commenting on the Northwest Zone results, VP of Exploration George Mannard stated, “This provides us with the confidence for a reasonable grade and tonnage estimate on the main lens plus some exploration potential. These results will be incorporated into the mine planning process.”

Results from the Martin Zone include

5 g/t gold over 9.6 metres
(including 11.25 g/t over 3.4 metres)
3.36 g/t over 9 metres
(including 11.26 g/t over 2.5 metres)
1.36 g/t over 17.2 metres
(including 5.71 g/t over 1.6 metres)
2.95 g/t over 5.4 metres
23.17 g/t over 0.7 metres

Referring to the Martin Zone, Mannard said, “We are seeing potential of a second structure opening up. This will be evaluated progressively as we develop the main Martin Zone.”

View Company Profile

Contact:
Donovan Pollitt
President/CEO
416.360.3743 x 25

or George Mannard
VP of Exploration
416.360.3743 x 22

by Greg Klein

Wesdome reports Ontario Gold Results of 18.12 g/t over 2.8m

November 24th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningWesdome Gold Mines Ltd TSX:WDO announced assays from its Mishi Mine in western Ontario. Highlights include

18.12 g/t gold over 2.8 metres
7.94 g/t over 3 metres
4.92 g/t over 4.4 metres
2.56 g/t over 7.9 metres
1.87 g/t over 9.3 metres
1.87 g/t over 8.3 metres
3.1 g/t over 4.3 metres

Mishi has a measured and indicated resource estimated at 5.7 million tonnes grading 2.4 g/t for 438,000 gold ounces and an inferred resource estimated at 1.2 million tonnes grading 3.6 g/t for 140,000 ounces. The mine is currently in pre-production development.

View Company Profile

Contact:
Donovan Pollitt
President/CEO
416.360.3743 x 25

or George Mannard
VP of Exploration
416.360.3743 x 22

by Greg Klein

Wesdome reports Quebec Gold Results as high as 101.03 g/t over 1m

September 2nd, 2011

Resource Clips - essential news on junior gold mining and junior silver miningWesdome Gold Mines Ltd TSX:WDO announced assays from its Cadillac Break Property near Val-d’Or, Quebec. Results include 101.03 g/t gold over 1 metre, 29.38 g/t over 0.9 metres, 10.93 g/t over 1.5 metres and 1.25 g/t over 6.7 metres (including 2.16 g/t over 2.5 metres).

VP of Exploration George Mannard commented, “These results demonstrate some high-grade, narrow intervals and some broader anomalous sections. These serve to confirm the potential of this underexplored structure on our property. We will continue to evaluate targets along the break, including the down-dip and along-strike projections of the Quebec Explorers Deposit.” The property is located 3.5 kilometres from Wesdome’s producing Kiena Gold Mine.

View Company Profile

Contact:
Donovan Pollitt
President/CEO
416.360.3743 x 25

or George Mannard
VP of Exploration
416.360.3743 x 22

by Greg Klein