Wesdome Gold Mines Ltd - New Gold Prospect Identified Along The Cadillac Break

TORONTO, Sept. 1, 2011 /CNW/ - Wesdome Gold Mines Ltd (TSX: WDO) is pleased to announce new gold occurrences identified during the 2011 winter drill program along the prolific "Cadillac Break" located approximately 3.5 kilometres south west of Wesdome's Kiena Mine in Val-d'Or, Quebec.

The purpose of this "first pass" surface drill program was to evaluate the previously underexplored 4.5 kilometre long stretch of the "Cadillac Break" area for potential gold mineralization in the southwest portion of the claims. This target area lies immediately along strike with the new Canadian Malartic Project of Osisko currently in production and situated midway between the neighbouring Malartic Gold Fields Mine (2.0 million ounces former production) and the Quebec Explorers gold deposit (see map at www.wesdome.com).

A drill program consisting of thirteen (13) holes was initiated during early November, 2010 and resumed from March to May, 2011 with a total of 3930 metres drilled. Encouraging results from drill hole S613 prompted a follow-up exploration towards the south east sector accessible only during the winter months. The winter drill program was completed with three (3) drill holes located approximately one kilometre towards the northwest just prior to the retreat for the spring thaw.

HIGHLIGHTS INCLUDE

  • 101.03 gAu/tonne  over  1.0 m

  • 29.38 gAu/tonne  over  0.9 m

  • 10.93 gAu/tonne  over  1.5 m

Follow-up drilling will be required to determine the continuity and size potential of these new occurrences.

G. Mannard, VP Exploration, states "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 drill hole locations and assay results are appended in the accompanying tables. Drawings include a regional geological map and the "Cadillac Break" area illustrating the drill hole locations and assay highlights (see figures at www.wesdome.com).

Table 1: Drill Hole Locations

Hole No.   Easting
(UTM)
Northing
(UTM)
Azimuth
(degrees)
Dip
(degrees)
Length
(metres)
S613 280259 5331602 179 -49 333
S671 280750 5331332 178 -50 264
S672 280752 5331436 180 -50 309
S673 280660 5331498 180 -50 267
S674 280661 5331501 360 -50 267
S675 280838 5331398 180 -50 270
S676 280839 5331406 360 -54 252
S677 280827 5331281 180 -50 294
S678 280661 5331389 180 -50 268
S679 280265 5331713 180 -50 473
S680 279372 5332108 180 -50 255
S681 279377 5332218 180 -50 261
S682 279385 5332315 180 -50 417

Table 2: Drill Hole Results

Hole No.   From
(metres)
To
(metres)
Core length
(metres)
Grade
(gAu/tonne)
Cut Grade **
(gAu/tonne)
Remarks  
S613 160.5 162.0   1.5   10.93 10.93  
  307.8 309.0   1.2     0.41   0.41  
S671   26.0   36.0 10.0     0.25   0.25  
S672 148.9 151.0   2.1     0.64   0.64  
S673 255.0 256.0   1.0     0.45   0.45  
S674           NSA  
S675 137.3 142.4   5.1     0.10   0.10  
S676           NSA  
S677 143.3 145.2   1.9     0.67   0.67  
S678   91.5   99.0   7.5     0.16   0.16  
  110.0 112.5   2.5     0.23   0.23  
  205.0 207.8   2.8     0.25   0.25  
S679 202.3 204.1   1.8     0.16   0.16  
  263.1 264.1   1.0     0.22   0.22  
S680 242.8 244.8   2.0     0.60   0.60  
S681 214.4 215.3   0.9   29.38 29.38 Visible gold
S682   78.9   79.9   1.0 101.03 34.28  
  122.0 128.7   6.7     1.25   1.25  
Incl. 125.2 128.7   2.5     2.16   2.16  

** An upper grade cutting limit of 34.28 gAu/tonne was applied. NSA= No Significant Assay

GEOLOGICAL CONTEXT

The area is characterized by the northwest - southeast trending Piché group volcanics dominantly composed of ultramafic rocks with some mafic volcanics, and minor gabbroic and/or diorite dikes. The Piché group is bounded to the north by the Timiskaming group sediments composed mainly of volcanic sediments and/or turbidites and to the south by the Pontiac group sediments composed mainly of meta-greywackes with some interbedded volcanic rocks. Gold mineralization is associated with quartz-carbonate-chlorite veinlets or stockworks in proximity to sheared greywacke, basalts and gabbroic dikes.

TECHNICAL DISCLOSURE

The technical content of this press release has been 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 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.

SOURCE Wesdome Gold Mines Ltd.

For further information:

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