Wesdome Encouraged from S-50 Southeast Drilling Results at Kiena Mine

VAL D'OR, QC, Jan. 2, 2013 /CNW/ - Wesdome Gold Mines Ltd (TSX: WDO) is pleased to report the underground exploration drilling results at the Kiena Mine continue to provide encouraging results.  An underground exploration drilling program of the S-50 Zone at Kiena Mine was initiated during September, 2010 following a compilation which identified an unexplored area with dimensions of at least 150 m laterally by 400 m vertically toward the southeast of the gold deposit. The first phase of the drill program was designed to explore the area between the 27 and 48 levels (approx. 270 metres to 480 metres below surface). Please refer to the Press Release "Wesdome Plans Aggressive Drilling and Development Program in 2011" dated March 30, 2011, available on the website at www.wesdome.com.

Drill results demonstrate a continuity of the S-50 (South Zone) mineralized system toward the southeast and at depth with a series of steeply dipping sub-parallel zones intersected by several of the drill holes. Drill hole locations and results highlights are summarized in the following tables (Table 1 and Table 1a), (Table 2 and Table 2a), respectively.

George Mannard, Vice President - Exploration comments "We have recently developed, and are starting to mine, in the South Zone.  Particularly tantalizing are the last 3 holes in the highlights list below.  We believe further drilling in this area has potential to demonstrate continuity of above average grade mineralization with potentially economic dimensions in proximity to existing underground workings".

HIGHLIGHTS INCLUDE

  • 6.01 gAu/tonne over 10.0 m (core length), 8.78 m (true width) in hole U-5454
  • 5.08 gAu/tonne over 6.4 m (core length), 1.93 m (true width) in hole U-5667
  • 6.61 gAu/tonne over 11.8 m (core length), 2.20 m (true width) in hole U-5402
  • 3.72 gAu/tonne over 11.0 m (core length), 6.75 m (true width) in hole U-5161
  • 5.28 gAu/tonne over 2.8 m (core length),  1.53 m (true width) in hole U-5529
  • 4.89 gAu/tonne over 6.1 m (core length),  4.45 m (true width) in hole U-4998
  • 21.07 gAu/tonne over 7.5 m (core length), 7.30 m (true width) in hole U-5454
  • 10.59 gAu/tonne over 5.1 m (core length), 1.53 m (true width) in hole U-5445
  • 11.40 gAu/tonne over 3.5 m (core length), 1.07 m (true width) in hole U-5411

Mineralization of the S-50 Zone consists of an albitized stockwork vein-breccia-dyke complex situated along the contact between tholeitic basalts and komatiite flows.  Historic production from the S-50 Zone has provided about 93% of the 1.7 million ounces of gold produced from 10.7 million tons to date at the Kiena mine.

TECHNICAL DISCLOSURE

The technical content of this press release has been compiled, reviewed and verified by Marc Ducharme, P.Geo. OGQ, Chief Exploration Geologist, Kiena mine in his capacity as a "Qualified Person", as per requirements of National Instrument 43-101. Assaying was done by fire assay methods at the Kiena mine assay office. In addition to internal duplicate, standards and blanks, the geology department inserts blind standards and blanks into the sample stream at a frequency of one in twenty to monitor quality control.

ABOUT WESDOME

Wesdome is celebrating its 25th year of continuous mining operations in Canada.  It currently has three producing gold mines with wholly-owned mining and milling complexes located in Wawa, Ontario and Val d'Or, Québec.  The Company has 101.9 million shares issued and outstanding and trades on the Toronto Stock Exchange under the symbol "WDO".

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.

Table1: SOUTH-EAST EXTENSION - DRILL HOLE LOCATIONS

Hole No. Easting

(KIENA)

Northing

(KIENA)

Elevation *

(KIENA)

Azimuth

(degrees)
Dip

(degrees)
Depth

(metres)

U-5161 13301 12207 2761 186 -53 152
U-5162 13301 12207 2761 186 41 186
U-5165 13301 12207 2761 175 -37 162
U-5330 13320 12454 2670 184 -24 362
U-5331 13321 12454 2670 177 -31 430
U-5332 13321 12454 2670 177 -13 500
U-5333 13321 12454 2670 171 -20 522
U-5334 13321 12454 2671 166 -8 551
U-5375 13321 12454 2671 170 -9 659
U-5401 13321 12454 2670 166 -20 622
U-5402 13321 12454 2671 166 2 553
U-5411 13321 12454 2671 160 10 560
U-5412 13321 12454 2671 160 0 576
U-5413 13321 12454 2671 160 -12 630
U-5445 13321 12454 2671 161 7 575
U-5454 13322 12454 2671 150 10 593
U-5455 13322 12454 2671 150 -1 600
U-5456 13321 12454 2671 161 -4 598
U-5529 13274 12215 2762 174 17 400
U-5530 13274 12215 2762 164 17 413
U-5531 13275 12215 2762 155 17 426
U-5532 13276 12215 2762 148 17 450
U-5533 13276 12215 2762 141 16 477
U-5534 13276 12215 2762 135 16 502
U-5625 13277 12215 2761 130 -9 501
U-5667 13216 12377 2526 151 -8 631
*  The surface elevation at Kiena is 3035 metres (lake level)

Table1a: SOUTH-EAST EXTENSION - PREVIOUS DRILL HOLE LOCATIONS

Hole No. Easting

(KIENA)

Northing

(KIENA)

Elevation *

(KIENA)

Azimuth

(degrees)

Dip

(degrees)

Depth

(metres)

U-1389 13350 12195 2763 180 0 540
U-3268 13763 12262 2708 216 -43 605
U-4117 13297 12332 2716 179 -23 850
U-4993 13302 12207 2760 158 -27 168
U-4996 13301 12207 2762 172 17 173
U-4998 13301 12207 2760 180 -17 145

Table 2: SOUTH-EAST EXTENSION - SIGNIFICANT INTERSECTIONS

Hole No. From

(metres)

To

(metres)
Core length

(metres)
Est. True Width

(metres)
Grade

(gAu/tonne)
Cut Grade

(cut to 34.28
gAu/tonne)

U-5161 78.5 89.5 11.0 6.75 3.72 3.72
U-5162 165 170 5.0 2.18 3.55 3.55
U-5165 107 116 9.0 7.03 1.44 1.44
U-5330 273 279 6.0 4.34 2.08 2.08
U-5331 231.45 243.35 11.9 11.21 1.19 1.19
U-5332 236.5 245.65 9.2 5.61 1.18 1.18
U-5332 269 276.85 7.9 5.42 2.83 2.83
U-5333 225.3 226.75 1.5 0.97 1.85 1.85
U-5333 275.2 281.55 6.4 4.53 2.16 2.16
U-5333 278.55 281.55 3.0 2.14 3.56 3.56
U-5334 290.9 293.9 3.0 1.54 3.08 3.08
U-5334 318.5 324 5.5 2.8 2.85 2.85
U-5375 291.9 300.1 8.2 3.46 1.65 1.65
U-5401 257 265 8.0 3.62 1.12 1.12
U-5401 304.5 308 3.5 2.3 1.90 1.90
U-5401 351.75 356 4.3 2.05 1.02 1.02
U-5402 223.2 253.6 30.4 10.7 3.38 3.38
U-5402 223.2 235 11.8 2.2 6.61 6.61
U-5411 547.3 550.8 3.5 1.07 11.40 11.40
U-5412 347.13 348 0.87 0.85 43.5 34.28
U-5412 372.5 376 3.5 3.4 2.06 2.06
U-5412 405 411 6.0 5.86 0.75 0.75
U-5413 367.5 375 7.5 6.22 1.73 1.73
U-5445 429 433 4.0 3.88 1.01 1.01
U-5445 439 443 4.0 3.89 1.66 1.66
U-5445 505.2 510.3 5.1 1.53 10.59 8.86
U-5454 120 130 10.0 8.78 6.01 3.82
U-5454 411 418.7 7.7 7.27 0.44 0.44
U-5454 466 469 3.0 2.88 0.66 0.66
U-5454 496.5 504 7.5 7.3 21.07 8.60
U-5455 451.2 460.5 9.3 7.89 0.43 0.43
U-5455 491 493.9 2.9 2.41 1.22 1.22
U-5456 377 381.2 4.2 3.22 1.46 1.46
U-5456 483.5 486.5 3.0 2.24 0.86 0.86
U-5529 81 83.8 2.8 1.53 5.28 5.28
U-5530 49.2 49.7 0.5 0.21 21.66 21.66
U-5531 144 163.45 19.5 6.88 0.55 0.55
U-5532 177 183 6.0 5.18 1.2 1.2
U-5533 207.35 215 7.7 6.47 1.27 1.27
U-5534 215.6 216.8 1.2 0.91 2.2 2.2
U-5625 424 425 1.0 0.93 2.56 2.56
U-5667 97 103.4 6.4 1.93 5.08 5.08

Table 2a: SOUTH-EAST EXTENSION - PREVIOUS SIGNIFICANT DRILL HOLE RESULTS

Hole No. From

(metres)
To

(metres)
Core length

(metres)
Est. True Width

(metres)
Grade

(gAu/tonne)
Cut Grade

(cut to 34.28
gAu/tonne)

U-1389 58 68 10.0 7.03 2.13 2.13
U-1389 86.5 96 9.5 6.76 1.98 1.98
U-3268 329.4 337.7 8.3 7.47 1.26 1.26
U-4117 61.1 77.7 16.6 14.27 4.91 4.91
U-4993 72.9 76.4 3.5 1.58 3.56 3.56
U-4996 123 128 5.0 2.65 2.92 2.92
U-4998 72 73.5 1.5 1.09 4.06 4.06
U-4998 103 109.1 6.1 4.45 4.89 4.55

 

SOURCE: Wesdome Gold Mines Ltd.

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