WESDOME GOLD MINES LTD. - SCHIST ZONE DRILLING AT KIENA MINE RETURNS IMPRESSIVE ASSAYS

VAL D'OR, QC, May 9 /CNW/ - Drilling of the Schist Zone at Kiena Mine has returned impressive results. In 2011 twelve definition diamond drill holes were completed above previous mining, adding additional size to the Schist Zone. Drilling was done from level 52. Future drilling of the zone will continue in 2011 when a new drill platform is available. The zone is still open to the east and above.

Mineralization is typical of the Schist Zone consisting of albitized-quartz veining and quartz veining with free gold hosted in a carbonate-talc schist.  The Schist Zone is an important grade sweetener near existing development.  It provided an important contribution to our strong fourth quarter, 2010.  It is scheduled to provide millfeed in the second half, 2011.  Results of the recently completed drilling are summarized in the following table and longitudinal section, also available at www.wesdome.com.

Schist Zone Intersections

Hole
No.
From
(m)
To
(m)
Section Core length
(m)
Estimated True Width
(m)
Grade
(gAu/tonne)
Cut Grade
(cut to 34.28gAu/tonne)
U-5416 39.0 40.5 13215E 1.5 0.89 7.78 7.78
U-5417     13215E     N.S.A. N.S.A.
U-5418 28.0 30.0 13230E 2.0 1.26 22.98 14.86
U-5419 23.6 27.4 13230E 3.8 2.82 8.96 8.96
U-5420 27.6 32.3 13230E 4.7 3.33 30.70 20.36
U-5421 20.3 21.0 13245E 0.7 0.59 2.34 2.34
U-5422 14.0 15.8 13245E 1.8 1.79 2.31 2.31
U-5423 14.0 18.6 13245E 4.6 4.34 5.00 5.00
U-5425 19.5 21.7 13255E 2.2 1.64 13.68 7.26
U-5426 12.9 19.0 13255E 6.1 6.08 23.18 13.83
U-5427 15.0 18.0 13255E 3.0 2.77 21.85 13.51
U-5431 4.0 5.0 13265E 1.0 1.00 27.97 26.00

Technical information in this press release has been compiled, reviewed and verified by Ronald Leber, P.Geo, Chief Production Geologist - Kiena Mine and "Qualified Person" as defined by 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 22 years on an unhedged basis and to date has produced in excess of 1.2 million ounces.  The Company has 101.6 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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