- Published: 27 May 2009
- Written by Editor
Wesdome Gold Mines Ltd. - Schist Zone shapes up 202 g Au/tonne over 3.2 metres
Recent drilling has demonstrated strong grades over mineable widths with good continuity in the Schist Zone at Wesdome's 100% owned Kiena mine complex.
Results of this drilling have prompted management to immediately develop the zone to provide a high grade sweetener to blend with lower grade material in the current mining sequence.
The Schist Zone is E-W striking, vertically dipping and is situated 30 metres north of the VC Zone. Mineralization consists of coarse grained free gold in quartz stockwork veining. The quartz veining is in a strongly albitized basalt or diorite within a strongly sheared komatiite or talc-carbonate schist. The zone displays good continuity from level 50 to level 59 (90 metres) with strikelengths of about 50 metres.
As seen in the following table and accompanying longitudinal section, this area has some spectacular, high grade intersections and demonstrates excellent continuity.
<<
Table 1 - Schist Zone Intersections
-------------------------------------------------------------------------
Cut Grade
Estimated Grade (cut to
Hole From To Core length True (gAu/ 34.28gAu/
No. (m) (m) (m) Width (m) tonne) tonne)
-------------------------------------------------------------------------
U-4609 59.50 64.70 5.20 3.5 3.73 3.73
-------------------------------------------------------------------------
includes 62.20 64.70 2.50 1.7 6.00 6.00
-------------------------------------------------------------------------
U-4610 59.20 63.90 4.70 3.2 7.13 7.13
-------------------------------------------------------------------------
includes 60.70 63.90 3.20 2.2 9.81 9.81
-------------------------------------------------------------------------
U-4611 45.00 48.50 3.50 3.2 16.13 9.86
-------------------------------------------------------------------------
includes 47.50 48.50 1.00 0.9 56.24 34.28
-------------------------------------------------------------------------
U-4612 37.00 43.60 6.60 3.2 11.60 11.60
-------------------------------------------------------------------------
U-4613 15.30 18.80 3.50 3.2 5.59 5.59
-------------------------------------------------------------------------
includes 16.80 17.80 1.00 0.9 18.89 18.89
-------------------------------------------------------------------------
U-4614 34.10 40.40 6.30 3.2 2.38 2.38
-------------------------------------------------------------------------
includes 34.10 36.40 2.30 1.2 5.56 5.56
-------------------------------------------------------------------------
U-4615 55.80 60.00 4.20 3.2 1.71 1.71
-------------------------------------------------------------------------
includes 58.50 60.00 1.50 1.1 4.99 4.99
-------------------------------------------------------------------------
U-4616 42.25 46.00 3.75 3.2 172.29 24.62
-------------------------------------------------------------------------
includes 42.80 46.00 3.20 2.7 201.87 28.82
-------------------------------------------------------------------------
U-4617 No significant
assays
-------------------------------------------------------------------------
>>
Intersections are diluted to a 3.2 metre minimum mining width. Access to the zone will be relatively rapid and inexpensive due to existing development to mine the VC Zone. Access is currently being driven to the Schist Zone on the 59 level.
This release was reviewed by Paul Arscott, P.Geo and Chief Geologist, Kiena mine in his capacity as a Qualified Person within the meaning of National Instrument 43-101. Assay work is performed by fire assay methods at the Kiena mine assay laboratory. In addition to internal duplicates, standards and blanks the geology department inserts blind standards and blanks at a frequency of one in twenty samples to monitor quality control.
Wesdome is an established Canadian gold producer with wholly-owned mining and milling complexes located in Wawa, Ontario and Val d'Or, Quebec. 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 99.7 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.
SOURCE: Wesdome Gold Mines Ltd.
Rowland Uloth, President or Donovan Pollitt, P.Eng., VP Corporate Development, 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: This email address is being protected from spambots. You need JavaScript enabled to view it., Website: www.wesdome.com
