VAL D'OR, QC, June 23 /CNW/ - Wesdome Gold Mines Ltd. is pleased to announce that drilling has resumed on its 100% owned Dubuisson Discovery located three kilometres east of its Kiena mine in Val d'Or, Quebec.
A barge-mounted drill has been mobilized and will be joined in July by a second one. During the drilling season, which extends until early November, the Company intends to complete at least 25,000 metres of drilling. The purpose of the drilling is to define the dimensions, internal continuity and geometry of a new gold occurrence discovered last fall. At that time, six 100 metre-spaced, 2-hole sections were completed from the surface of Lac de Montigny before the ice set in. Highlights of these initial drilling results are listed below and a complete set of drilling results and location maps are available in our press releases dated October 14, 2008 and November 24, 2008 and available on our website at www.wesdome.com.
(x) 4.45 gAu/tonne over 5.1 m
(x) 6.82 gAu/tonne over 7.7 m
(x) 6.92 gAu/tonne over 8.0 m
(x) 8.75 gAu/tonne over 5.8 m
(x) 4.25 gAu/tonne over 17.0 m
(x) 7.35 gAu/tonne over 2.7 m
To date, the mineralized system has been traced for 500 metres in an ESE direction. True widths are currently unknown. The internal continuity, geometry and orientation of the mineralization were not previously established with the widely-spaced nature of the drilling pattern.
It is Wesdome's intention to answer these questions with 50 metre-spaced infill drilling and to stepout to delineate the system's dimensions. Drilling will focus on depths above 400 metres. We hope to be in a position to quantify the potential of this new find with a preliminary resource estimate towards the end of the year.
Technical information in this press release has been compiled, reviewed and verified by G. Mannard, P.Geo., Vice President - Exploration, Wesdome Gold Mines Ltd. and "Qualified Person" as defined by National Instrument 43-101.
Wesdome is an established Canadian gold producer with wholly-owned mining and milling complexes located in Wawa, Ontario and Val d'Or, Quebec. 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 99.8 million shares issued and outstanding and trades on the Toronto Stock Exchange under the symbol "WDO".
This 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 projects. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.