Business
Wesdome 2009 year end reserves and resources
Wesdome 2009 year end reserves and resources
About this update from Wesdome Gold Mines Ltd.
[{"type":"text","content":"\n\n\n\nFeb. 17, 2010 (Canada NewsWire Group) -- TORONTO, Feb. 17 /CNW/ -- Wesdome is pleased to announce mineral reserve and resource estimates for its two 100%-owned gold mines as of December 31, 2009.HIGHLIGHTS- Total reserves increased, net of depletion- Resources decreased marginally- Development headings established to drill zones which remain openRESERVES AND RESOURCES-------------------------------------------------------------------------RESERVES ESTIMATES* December 31, 2009Mine Category Tonnes Grade Ounces---- -------- ------ ------ -------(gAu/tonne)-----------Eagle River Proven 87,000 11.0 31,000Probable 313,000 7.9 79,000---------------------------------------------------------Proven + Probable 400,000 8.6 110,000Kiena Proven 188,000 3.5 21,000Probable 412,000 4.3 57,000---------------------------------------------------------Proven + Probable 600,000 4.1 78,000Total 188,000--------------------------------------------------------------------------------------------------------------------------------------------------RESOURCES ESTIMATES* December 31, 2009Mine Category Tonnes Grade Ounces---- -------- ------ ------ -------(gAu/tonne)-----------Eagle River Inferred 236,000 7.2 55,000Kiena Measured 409,000 3.6 47,000Indicated 802,000 3.4 88,000---------------------------------------------------------Measured +Indicated 1,211,000 3.5 135,000-------------------------------------------------------------------------* All Mineral Reserves and Mineral Resource estimates have been made inaccordance with the Standards of the Canadian Institute of Mining,Metallurgy and Petroleum and National Instrument 43-101.All Mineral Resources are in addition to Mineral Reserves.Mineral Resources are not in the current mine plan and therefore donot have demonstrated economic viability.As per section 4.2(ii) of National Instrument 43-101, the change inmineral reserves and resources does not constitute a material changein the affairs of the Company. For the Eagle River mine refer to theTechnical Report filed on Sedar, dated December 2005, by StrathconaMineral Services Ltd. For the Kiena mine refer to the TechnicalReport dated April 15, 2005, by Geologica Groupe Conseil, also filedon Sedar.Qualified Persons for the Mineral Reserves and Mineral Resourcesestimates as per 43-101 are as follows:Eagle River mine: George N. Mannard, P.Geo., Vice Pre...