Business
Wesdome Gold Mines Announces Drilling at the Eagle River Mine Discovers North Contact Zone and Zones Parallel to the Falcon Zone
TORONTO, Dec. 15, 2021 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) today announces the discovery of the North Contact Zo
About this update from Wesdome Gold Mines Ltd.
[{"type":"text","content":" TORONTO, Dec. 15, 2021 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) today announces the discovery of the North Contact Zone and the discovery of zones of additional mineralization parallel to the Falcon 7 Zone, at the Company’s wholly-owned Eagle River Mine near Wawa, Ontario. North Contact Zone The North Contact Zone is a new discovery located along the northern contact of the Mine Diorite and has been intersected by several underground holes that were drilled north of the 300 East zone to test for parallel structures. The gold mineralization along the northern diorite contact occurs as visible gold in quartz veins within a shear zone near the 1,000 metre (‘m’) level. Understanding of the size of this newly identified zone of mineralization will improve with continued drilling that is ongoing for this area (Figure 1). It is interpreted that the North Contact Zone has been previously intersected near surface with widely spaced exploration drilling completed on 200 m spaced sections. This 2016 drilling returned several good intersections in the volcanic rocks adjacent to the mine diorite, including ERM-2016-27 that returned 32.4 g/t Au over 4.8 m (see press release dated September 15, 2016). Based on the recent drilling at depth, it demonstrates the potential for gold mineralization along the north contact extending from the 1,000m level to surface and is within 150 m from mine infrastructure. The strong continuity down plunge is characteristic of the gold mineralization at Eagle River. Highlights of the recent drilling are found below and are summarized in Table 1. Hole 771-E-23: 9.26 g/t over 1.5 m (true width) Hole 771-E-32: 12.19 g/t over 3.7 m (true width) All assays cut to 125.0 g/t Au. True widths are estimated. Falcon 7 Zone The Falcon 7 Zone was discovered in 2019 during surface drilling of the volcanic rocks located approximately 200 m west of the mine diorite (see press release dated June 6, 2019). Drilling has been ongoing since the discovery to determine the extent of the zone and to increase confidence of the gold grade distribution. Recently, underground development has been completed on the 622m and 635m levels, and long hole stoping from this development has commenced (Figure 2). Sampling conducted during the development stage and early results from mining confirm high gold...