Wesdome Gold Mines Ltd - Mishi mine drilling update

WAWA, ON, Nov. 22, 2011 /CNW/ - Wesdome Gold Mines Ltd (WDO: TSX) is pleased to provide an update of drilling results from its 100% owned Mishi Mine, currently in pre-production development.

Drilling this year has focused on examining the potential to extend the currently planned pit, both to the east and west.  Results are now available for the western stepout drilling.  Logging, sampling and assaying of the eastern stepout holes is still in progress.

A total of 21 drill holes were completed west of the pit at 25 to 50 metre spacings.  Results indicate a series of mineralized, near surface, lenses some of which display above average grades.

Highlights include intersections of:

  • 18.12 gAu/tonne over 2.75 metres true width

  • 5.80 gAu/tonne over 1.50 metres true width

  • 3.10 gAu/tonne over 4.25 metres true width

  • 5.38 gAu/tonne over 1.50 metres true width

  • 1.87 gAu/tonne over 8.25 metres true width

  • 7.18 gAu/tonne over 1.50 metres true width

  • 7.90 gAu/tonne over 3.00 metres true width

  • 1.87 gAu/tonne over 9.25 metres true width

  • 4.92 gAu/tonne over 4.40 metres true width

  • 2.56 gAu/tonne over 7.85 metres true width

A complete list of significant intersections is provided in Table 1 with hole locations relative to the proposed pit provided in Figure 1 (available at www.wesdome.com).  Drilling to the west has extended mineralization 250 metres beyond the proposed pit limit.  The 5-year pit outline is 300 metres long.  To date, at least two zones display reasonable continuity.  This will be confirmed with trenching in 2012.

We also look forward to receiving results from drilling to the east of the pit.  This drilling, on 25 metre spacings, will define the potential of a broad zone of lower grade mineralization traced by previous shallow drilling over a distance of 300 metres.

Highlights from this previous drilling include:

  • 1.25 gAu/tonne over 68.6 metres true width

  • 1.01 gAu/tonne over 86.3 metres true width

  • 1.81 gAu/tonne over 10.9 metres true width

  • 1.19 gAu/tonne over 29.0 metres true width

  • 2.06 gAu/tonne over 29.0 metres true width

  • 1.43 gAu/tonne over 18.5 metres true width

  • 1.51 gAu/tonne over 38.7 metres true width

A surface trace of this mineralization is provided in Figure 1 (available at www.wesdome.com).  A list of significant intersections from this previous drilling is provided in Table 2.

GEOLOGICAL CONTEXT

The Mishi gold deposit strikes east-west and dips 40 degrees north.  It is situated within the Mishibishu Deformation Zone, a regional shear zone which follows a mafic-felsic volcanic contact.  The gold is hosted by a series of conformable, en echelon, sericite-ankerite alteration zones which carry fine disseminated pyrite.  The mineralized alteration zones typically include about 10% conformable smokey quartz veinlets and lenses.  It is becoming apparent that the style of mineralization is more vein dominant to the west.  It is likely that a series of narrower, higher grade lenses exist here.  To the east, the mineralization is broad, lower grade and more disseminated in nature.

Drilling results to date are confirming mineralization of potential economic merit extends well beyond current planned pit limits.  The Company plans to confirm continuity by surface trenching and evaluate its development options moving forward in light of current strong gold prices.

TECHNICAL DISCLOSURE

The technical disclosure in this press release has been reviewed by George Mannard, PGeo. and Vice President Exploration for Wesdome and "Qualified Person" as defined by NI 43-101.  Assaying is performed at the Eagle River Mine Assay office by fire assay methods on 25 gram aliquots.  In addition to duplicates, replicates, standards and blanks employed by the assay office, blind blanks and standards are introduced to the sample stream by the exploration personnel.  Additionally, 1 in 20 samples are shipped to Techni-Lab Laboratories in Ste-Germaine Boulé, Quebec, a certified commercial laboratory and external reference.

ABOUT WESDOME

Wesdome is an established Canadian gold producer with wholly-owned mining and milling complexes located in Wawa, Ontario and Val-d'Or, Québec.  Wesdome has been producing gold continually for more than 20 years on an unhedged basis and to date has produced in excess of 1.2 million ounces.  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.

Table 1 Significant Drill Intersections
Mishi West Extension

Hole No. Section From
(m)
To
(m)
Length (m)*
(true width)
Grade
(gAu/tonne)
MW11-01 3425E 14.00 15.50 1.50 2.54
    54.50 57.50 3.00 2.19
MW11-02 3425E 35.75 37.25 1.50 5.80
    85.75 90.25 4.50 1.09
MW11-03 3425E 59.50 62.25 2.75 18.12
    109.75 112.50 2.75 1.11
MW11-04 3400E 37.50 39.50 2.00 1.31
    47.00 50.50 3.50 1.17
MW11-05 3400E 58.25 60.40 2.15 1.34
    112.00 116.50 4.50 0.98
MW11-06 3400E 86.00 87.00 1.00 1.24
    114.00 115.25 1.25 1.62
MW11-07 3375E 26.00 27.50 1.50 1.52
MW11-08 3375E 48.75 53.00 4.25 3.10
MW11-09 3375E 66.25 74.50 8.25 1.87
  inc. 73.00 74.50 1.50 5.38
MW11-10 3375E 101.00 102.50 1.50 6.02
MW11-11 3375E 97.25 98.00 0.75 2.96
    122.00 122.75 0.75 4.64
MW11-12 3350E   5.00   6.50 1.50 7.18
MW11-13 3350E   3.75   6.75 3.00 7.94
MW11-14 3300E 11.80 13.25 1.45 1.74
MW11-15 3300E 14.15 15.25 1.10 3.72
MW11-16 3250E 22.50 23.00 0.50 1.04
    29.50 30.25 0.75 1.32
    38.50 42.25 3.75 0.70
MW11-17 3250E   6.00 15.25 9.25 1.87
  inc.   9.00 12.25 3.25 4.20
MW11-18 3250E 11.10 16.45 5.35 3.41
  inc. 12.30 14.40 2.10 7.02
    86.50 87.50 1.00 1.56
MW11-19 3200E 47.00 52.50 5.50 1.02
    61.00 63.00 2.00 1.07
MW11-20 3200E   9.60 14.00 4.40 4.92
  inc.   9.60 11.45 1.85 9.97
    92.45 93.65 1.20 1.51
MW11-21 3200E 10.20 18.05 7.85 2.56
  inc. 10.20 12.70 2.50 6.34
    101.60 102.75 1.15 2.49

* Corelengths approximate true widths

Highlighted holes in bold will be the focus of proposed trenching and stripping work to confirm continuity and grade.  These intersections are very close to surface and demonstrate above average grades.

Table 2 Significant Drill Intersections
Mishi East Extension

Hole No. Section From
(m)
To
(m)
Length (m)*
(true width)
Grade
(gAu/tonne)
M406 3850E 39.0 62.0 23.0 0.849
M027   112.8 122.2 9.4 1.296
M323 3875E   3.5 20.0 16.5 1.083
M205   32.3 69.2 36.9 1.070
M213   28.0 96.6 68.6 1.247
M216   20.4 106.7 86.3 1.012
M322 3900E 10.0 19.0 9.0 1.493
M404   12.0 42.0 30.3 1.025
M018     7.6 18.5 10.9 1.807
M324 3925E   0.9 17.5 16.6 1.074
M403   38.0 67.0 29.0 1.188
M325 3950E   5.0 11.5 6.5 1.428
M402   34.0 63.0 29.0 2.061
M089   148.7 178.3 29.6 1.226
M326 3975E   1.0 19.5 18.5 1.426
M342 4000E   1.3 40.0 38.7 1.505

* Corelengths approximate true widths

 

SOURCE Wesdome Gold Mines Ltd.

For further information:

Donovan Pollitt, P.Eng., CFA
President & CEO
416-360-3743   ext 25  
        or         George Mannard, P.Geo.
Vice President, Exploration
416-360-3743   ext 22

8 King St. East, Suite 1305
Toronto, ON, M5C 1B5
Toll Free: 1-866-4-WDO-TSX
Phone: 416-360-3743, Fax: 416-360-7620
Email: invest@wesdome.com, Website: www.wesdome.com

 

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