Business
Wesdome Gold Mines Ltd - Aggressive exploration, development and drilling plans
Wesdome Gold Mines Ltd - Aggressive exploration, development and drilling plans
About this update from Wesdome Gold Mines Ltd.
[{"type":"text","content":"\n\n\n\n May 18, 2010 (Canada NewsWire Group) -- Wesdome Gold Mines Ltd (WDO: TSX) has launched an aggressive exploration, development and evaluation program this year with the goal of increasing reserves and growing production. Work will be centred on its wholly-owned mining/milling operations in Wawa, Ontario and Val d'Or, Quebec.\n\n\n >\n\n\nG. Mannard, VP Exploration states, "Our properties offer significant potential for growth. Our goal is to demonstrate the potential of these assets in the marketplace where we feel they are undervalued. Rarely can you find a combination of infrastructure, people and geology in such safe and stable places to work. Clearly, our goal at this point is to develop our project pipeline, fill up the mills and assure our future."\n\nWAWA CAMP\n\nIn Wawa, development is focused on ramp access in the western portion of the Eagle River mine. Here the 811 Zone remains open at depth. The 811 Zone has provided the bulk of production over the last three years which totals 142,700 ounces of gold from 327,600 tonnes milled at a recovered grade of 13.5 gAu/tonne.\nThe new ramp (in progress) will open up new ground for drilling in the central portion of the mine at depth. Underground exploration drilling will total 14,000 metres. Half of this will explore extensions of known trends to depth. This component has reasonable potential to replace or increase resources. The other half will provide deep drilling to identify the continuity of the ore structure at depth. This component of the drilling is qualitative in nature and its purpose is to provide confidence and guidance for longer term initiatives including shaft deepening.\nAn additional 20,000 metres of drilling is planned for definition and delineation drilling at Eagle River with a focus on the 811 Zone (figure 1).\nElsewhere in Wawa, planning and permitting to reactivate the Mishi mine located two kilometres east of the mill, is advancing. Here there is the potential to provide long term supplementary millfeed and production initially from surface mining and later from underground if economic conditions merit. Currently a technical report is being prepared by independent consultants with the purpose of optimizing results and strategies identified by internal studies and providing regulatory disclosure compliance for the stock market. In 2010,...