Wesdome Gold Mines Ltd. - Drilling demonstrates robust grades and continuity
in 811 Zone - Eagle River mine
WAWA, ON, July 6 /CNW/ - Wesdome Gold Mines Ltd. (WDO-TSX) is pleased to announce that infill drilling underway at the 811 Zone is confirming high grades with impressive continuity and consistency. These results build on preliminary delineation drilling results initially released on August 26, 2009 (www.wesdome.com). This work traced the 811 Zone 300 metres (1,000 feet) below existing workings and indicated strikelengths of up to 180 metres (600 feet).
We are currently drilling off the zone at 25 metre spacings. Results for three crossections are presented in Table 1 with the locations of the drill holes illustrated on the accompanying longitudinal section (Figure 1).
Donovan Pollitt, P.Eng., President, commented "We're obviously excited about these grades and their consistency. The focus of this year's work is to aggressively develop the 811 Zone. Although we are currently producing from lower grade portions of the mine, we will see the results of this effort bear fruit later this year and next year".
Table 1 ------------------------------------------------------------------------- Core True Grade Cut Grade From To Length Width (gAu/ (140 gAu/ Section Hole No. (m) (m) (m) (m) tonne) tonne) ------------------------------------------------------------------------- 9475E EU-301 197.65 199.35 1.70 1.47 0.02 0.02 ------------------------------------------------------------------------- EU-302 253.10 255.10 2.00 1.73 75.10 52.45 ------------------------------------------------------------------------- EU-303 276.80 280.10 3.30 2.86 22.56 22.56 ------------------------------------------------------------------------- EU-304 291.80 293.70 1.90 1.46 14.92 14.92 ------------------------------------------------------------------------- EU-305 322.90 324.60 1.70 1.47 7.62 7.62 ------------------------------------------------------------------------- ------------------------------------------------------------------------- 9450E EU-325 176.80 178.35 1.55 1.46 0.65 0.65 ------------------------------------------------------------------------- EU-326 202.30 203.90 1.60 1.50 8.21 8.21 ------------------------------------------------------------------------- EU-327 214.50 216.20 1.70 1.47 32.32 32.32 ------------------------------------------------------------------------- EU-328 224.50 227.20 2.70 2.34 8.77 8.77 ------------------------------------------------------------------------- EU-329 250.30 252.40 2.10 1.72 40.31 36.91 ------------------------------------------------------------------------- EU-330 267.70 271.40 3.70 2.83 49.67 43.94 ------------------------------------------------------------------------- EU-331 289.20 293.00 3.80 2.44 66.22 42.13 ------------------------------------------------------------------------- EU-332 326.20 329.90 3.70 2.62 29.73 27.66 ------------------------------------------------------------------------- EU-333 358.50 360.40 1.90 1.46 2.12 2.12 ------------------------------------------------------------------------- ------------------------------------------------------------------------- 9425E EU-336 176.50 178.90 2.40 2.26 6.64 6.64 ------------------------------------------------------------------------- EU-337 174.20 176.00 1.80 1.47 18.56 18.56 ------------------------------------------------------------------------- EU-338 209.00 210.90 1.90 1.79 20.19 20.19 ------------------------------------------------------------------------- EU-339 222.10 224.00 1.90 1.79 4.97 4.97 ------------------------------------------------------------------------- EU-340 241.15 244.90 3.25 2.81 12.58 12.58 ------------------------------------------------------------------------- EU-341 246.10 248.55 2.95 2.12 18.75 18.75 ------------------------------------------------------------------------- EU-342 292.75 296.00 3.25 2.09 14.59 14.59 ------------------------------------------------------------------------- EU-343 208.80 210.70 1.90 1.46 23.43 23.43 ------------------------------------------------------------------------- -------------------------------------------------------------------------
The 811 Zone is an east-west striking, subvertically dipping, tabular quartz vein. It consists of laminated, white quartz, minor sulphides and free gold hosted in a sheared quartz diorite stock.
All assays are performed at the Eagle River mine assay office by fire assay on 25 gram aliquots. Duplicates, replicates, blanks and standards are routinely inserted into the sample stream to monitor quality control. W. Michael Lucko, P.Geo. and Senior Geologist , Wesdome Gold Mines Ltd., is the "Qualified Person" responsible for technical content in this press release as required by National Instrument 43-101.
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 20 years on an unhedged basis and to date has produced in excess of 1.0 million ounces. The Company has 100.7 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.
For further information: Donovan Pollitt, P.Eng., President & CEO or Shelly John, Manager, Investor Relations, 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: [email protected], Website: www.wesdome.com
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