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Wesdome Announces Filing of the 43-101 Technical Report Titled Preliminary Economic Assessment for the Kiena Mine Complex Project
TORONTO, June 25, 2020 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) today announces the filing of an independent Prelimin
About this update from Wesdome Gold Mines Ltd.
[{"type":"text","content":" TORONTO, June 25, 2020 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) today announces the filing of an independent Preliminary Economic Assessment (“PEA”) technical report for the Kiena Mine, Quebec, which has been prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The technical report, titled \"Preliminary Economic Assessment for the Kiena Mine Complex Project” has been prepared by BBA Inc. The results of the PEA were previously announced in the Company’s news release dated May 27, 2020, “Wesdome Delivers Independent Positive Preliminary Assessment at the Kiena Complex in Val d’Or, Quebec; After Tax IRR of 102%” summarized certain key results, assumptions and estimates contained in the PEA. There are no material differences between the news release and the PEA. The PEA is available on SEDAR (www.sedar.com) and on the Company’s website. ABOUT WESDOME Wesdome Gold Mines has had over 30 years of continuous gold mining operations in Canada. The Company is 100% Canadian focused with a pipeline of projects in various stages of development. The Company’s strategy is to build Canada’s next intermediate gold producer, producing 200,000+ ounces from two mines in Ontario and Quebec. The Eagle River Complex in Wawa, Ontario is currently producing gold from two mines, the Eagle River Underground Mine and the Mishi Open pit, from a central mill. Wesdome is actively exploring its brownfields asset, the Kiena Complex in Val d’Or, Quebec. The Kiena Complex is a fully permitted former mine with a 930-metre shaft and 2,000 tonne-per-day mill. The Company has further upside at its Moss Lake gold deposit, located 100 kilometres west of Thunder Bay, Ontario. The Company has approximately 138.5 million shares issued and outstanding and trades on the Toronto Stock Exchange under the symbol “WDO”. For further information, please contact: Duncan Middlemiss or Lindsay Carpenter Dunlop President and CEO VP Investor Relations 416-360-3743 ext. 2019 416-360-3743 ext. 2025 [email protected] [email protected] 220 Bay St, Suite 1200 Toronto, ON, M5L 1E9 Toll Free: 1-866-4-WDO-TSX Phone: 416-360-3743, Fax: 416-360-7620...