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Wesdome Gold Mines Announces Continued High Grade Drilling Results From the Falcon 7 Zone at the Eagle River Mine
TORONTO, May 05, 2022 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) today announces the results from recent definition and
About this update from Wesdome Gold Mines Ltd.
[{"type":"text","content":" TORONTO, May 05, 2022 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) today announces the results from recent definition and expansion drilling of the Falcon 7 Zone, at the Company’s wholly-owned Eagle River Mine near Wawa, Ontario. Historically, mineralization of the Eagle River Mine has been hosted in the mine diorite; however, the Falcon 7 Zone is hosted in volcanic rocks west of the intrusion. Hence, the discovery and subsequent development of the Falcon 7 Zone highlights the prospectivity of the volcanic rocks to host additional gold mineralization beyond the currently existing footprint of the Eagle River Mine. Recent underground development has been completed, confirming high gold grades and strong mineability. Meanwhile, drilling has been ongoing to determine the extent of the zone and to increase confidence of the gold grade distribution. Drilling has continued to return high grade gold mineralization. Additionally, the drilling has identified a number of splays and fold noses/limbs that have the potential to add significantly to the existing resource base. Highlights of the recent drilling are listed below and are summarized in Table 1. Hole 640-E-25: 90.2 g/t Au over 4.9 m core length (21.2 g/t Au capped, 3.4 m true width) Hole 640-E-31: 87.1 g/t Au over 6.6 m core length (59.5 g/t Au capped, 5.7 m true width) Hole 640-E-32: 49.8 g/t Au over 6.2 m core length (46.4 g/t Au capped, 4.0 m true width) All assays capped at 125 g/t Au. True widths are estimated based on 3D model construction. Mr. Duncan Middlemiss, President and CEO commented, \"We are pleased with the ongoing drilling of the Falcon 7 Zone that provides additional high grade mining faces in a different area than the current mining primarily near the bottom of the ramp. The discovery and initial production from the Falcon 7 Zone reaffirm the potential of the surrounding volcanic rocks to host sizeable deposits of gold mineralization, and I remain encouraged with our ongoing exploration outside of the mine diorite. The Falcon 7 Zone development is an important aspect of this operational planning, as it is situated away from the main mining area at depth, thereby providing a separate work area away from heavier mine traffic. The new 355 m Level development is extending 400 m west of the mine diorite and will pro...