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Wesdome Gold Mines Ltd - S-50 Zone Infill Drilling Cuts 20.1 Metres of 9.51 gAu/tonne at Kiena Mine
Wesdome Gold Mines Ltd - S-50 Zone Infill Drilling Cuts 20.1 Metres of 9.51 gAu/tonne at Kiena Mine
About this update from Wesdome Gold Mines Ltd.
[{"type":"text","content":"\n\n\n\n Jun. 22, 2010 (Canada NewsWire Group) -- Wesdome Gold Mines Ltd (WDO: TSX) is pleased to announce encouraging infill drilling results which enhance the potential of a previously outlined resource block in close proximity to existing workings.\n\n\n >\n\n\n"Evidence of better than previously contemplated grades demonstrates potential to upgrade this block to reserves and move it into our mining sequence. Subject to formal costing and planning, this area shows potential to add at least one year of reserves," commented Donovan Pollitt, P.Eng., President of Wesdome.\nThe area drilled is situated in the S-50 Zone immediately below an existing ramp (Figure 1). Development of this area would provide a drilling platform to further extend and outline the new S-50 Deep Zone, recently announced in a press release dated March 29, 2010 (Figures 2 and 3).\nA comprehensive list of recent drilling results follows in Table 1.\n\n\n >\n\n\nMineralization is typical of the S-50 zone consisting of an albitized stockwork vein-breccia-dyke complex emplaced near the contact of tholeiitic basalt and komatiite flows. The S-50 zone has provided about 91% of the 1.7 million ounces of gold produced to date from the Kiena mine.\nTechnical information in this press release has been compiled, reviewed and verified by P. Arscott, P.Geo, Chief Geologist - Kiena Mine and "Qualified Person" as defined by National Instrument 43-101. Assaying was done by fire assay methods at the Kiena mine assay office. In addition to internal duplicate, standards and blanks, the geology department inserts blind standards and blanks into the sample stream at a frequency of one in twenty to monitor quality control.\n\nABOUT WESDOME\n\nWesdome is an established Canadian gold producer with wholly-owned mining and milling complexes located in Wawa, Ontario and Val d'Or, Québec. Wesdome has been producing gold continually for 20 years on an unhedged basis and to date has produced in excess of 1.0 million ounces. The Company has 100.7 million shares issued and outstanding and trades on the Toronto Stock Exchange under the symbol "WDO".\n\nThis news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its pro...