Business
Wesdome to develop new Dubuisson Zone
Wesdome to develop new Dubuisson Zone
About this update from Wesdome Gold Mines Ltd.
[{"type":"text","content":"\n\n\n\nTORONTO, Mar. 8, 2010 (Canada NewsWire Group) -- /CNW/ -- Wesdome Gold Mines Ltd. is pleased to announce a decision to develop the Dubuisson Zone from the Kiena mine's 33rd level at a depth of 330 metres. Donovan Pollitt, President, commented \"This new discovery demonstrates the highly prospective potential of our large strategic land package in Val d'Or and an ability to move fast, leveraging the Kiena mine's skilled workforce and infrastructure\".The Dubuisson Zone is situated 3 kilometres due east of the Kiena shaft. An existing exploration drift on the 330 metre level will be extended 1000 metres to reach the zone. Drill access should be established in about one year with direct access to the zone, if merited, within two years. Extending the 33rd level a further 1000 metres to the east provides the additional advantage of opening up more ground for underground exploration. An expenditure of $1.1 million is budgeted for this work in 2010.To date, surface drilling has traced mineralization to a depth of 400 metres at nominal 50 metre centres. Management is of the opinion that underground access is necessary to prove internal continuity and provide a platform for infill drilling and exploration drilling to trace the structure to depths of 700 metres.Results to date have identified multiple zones of gold mineralization hosted by brittley fractured albitized diorite and/or feldspar porphyry bodies within a broad deformed ultramafic (komatiite) sequence. Highlights as summarized in press releases dated November 18, 2009 and September 8, 2009 have included the following impressive corelength intersections:- 4.63 gAu/tonne over 11.5 metres in hole S550- 5.79 gAu/tonne over 10.0 metres and16.45 gAu/tonne over 12.3 metres in hole S551- 20.80 gAu/tonne over 7.3 metres,20.84 gAu/tonne over 6.5 metres and26.10 gAu/tonne over 10.3 metres in hole S552- 10.51 gAu/tonne over 9.9 metres in hole S557- 7.37 gAu/tonne over 10.0 metres in hole S557- 5.00 gAu/tonne over 10.5 metres in hole S558- 4.42 gAu/tonne over 12.5 metres and7.85 gAu/tonne over 4.0 metres in hole S559- 7.00 gAu/tonne over 8.0 metres and5.82 gAu/tonne over 6.0 metres in hole S560True widths represent 50 to 65% of corelengths based on an interpreted vertical dip.Management is confident results to date demonstrate potential for this area to provide additional production...