Business
Wesdome Gold Mines Ltd. - Pukaskwa drilling to commence
Wesdome Gold Mines Ltd. - Pukaskwa drilling to commence
About this update from Wesdome Gold Mines Ltd.
[{"type":"text","content":"\n\n\n\nNov. 6, 2009 (Canada NewsWire Group) -- WAWA, ON, Nov. 5 /CNW/ -- Wesdome Gold Mines Ltd. (\"Wesdome\") is pleased to announce a drilling program will soon commence on the Pukaskwa property located 15 kilometres west of the Eagle River Mill. Wesdome has an option to earn a 60% interest in the Pukaskwa property from Windarra Minerals Ltd. (\"Windarra\") by incurring mineral exploration expenditures of $3.0 million prior to June 30, 2014.The program scope involves 3,000 metres of drilling in about 25 drill holes. Drilling will focus on the Middle Finger Lake zone (MFLZ) and provide preliminary drill testing of the Bonanza zone. Drilling should be completed prior to Christmas.The purpose of the drilling is to establish the size potential and continuity of the MFLZ and provide initial drill testing of the Bonanza zone.Highlights of limited previous shallow drilling on the MFLZ include the following intersections. Complete results, surface plans and drill sections are documented in a Press Release dated October 26, 2007 and available at www.windarra.com.Middle Finger Lake Zone Highlights- 4.16 gAu/tonne over 6.55 metresinc. 8.78 gAu/tonne over 2.80 metres,- 3.41 gAu/tonne over 9.04 metresinc. 9.37 gAu/tonne over 3.24 metres,- 1.07 gAu/tonne over 20.50 metresinc. 4.48 gAu/tonne over 2.70 metres,- 3.14 gAu/tonne over 13.15 metresinc. 7.25 gAu/tonne over 3.90 metres, and- 1.49 gAu/tonne over 16.10 metresinc. 7.40 gAu/tonne over 2.96 metresThe MFLZ mineralization is cored by quartz-tourmaline flooding with a broad semi-massive to disseminated sulphide halo composed of arsenopyrite, pyrrhotite, pyrite, chalcopyrite, sphalerite and galena. It is shallowly-dipping and hosted by metasedimentary rocks of the Mishibishu greenstone belt. Its broad widths, extensive, correlated induced polarization response and soil geochemical signature suggest to Wesdome this may be a very large mineralized system. The MFLZ was discovered by trenching soil geochemistry anomalies in an overburden, covered area in 2006.The Bonanza zone was also discovered by trenching soil geochemistry anomalies in 2006. It is located about 500 metres southwest of the MFLZ. It is a narrow, sugary, quartz vein containing abundant visible gold. It can be traced for 30 metres along strike before disappearing under overburden. It is up to 1 foot wide on surface and has retur...