VAL D'OR, QC', Nov. 18 /CNW/ -- Wesdome Gold Mines Ltd ("Wesdome") is pleased to release results of a further 14 drill holes completed on the Dubuisson discovery located three kilometres east of Wesdome's Kiena mine. These results complement the first batch of 2009 drilling results released on September 8, 2009, and available at www.wesdome.com. The purpose of the drilling program is to establish continuity of mineralization within a new gold discovery, initially identified by widely-spaced drilling in the fall of 2008, and to provide stepout drilling to trace the extent of the mineralization.
Table 1 provides significant results from the infill/continuity drilling while Table 2 lists significant results from the stepout drilling. The drill hole locations and current interpretation are provided in Figure 1 and Table 3.
Highlights include the following intersections:
- 9.9 metres at 10.51 gAu/tonne in hole S557,
- 10.0 metres at 7.37 gAu/tonne in hole S557A,
- 10.5 metres at 5.00 gAu/tonne in hole S558,
- 12.5 metres at 4.42 gAu/tonne and
4.0 metres at 7.85 gAu/tonne in hole S559,
- 8.0 metres at 7.00 gAu/tonne and
6.0 metres at 5.82 gAu/tonne in hole S560
To date, reasonable continuity has been interpreted for two subparallel, subvertically dipping zones. One of these has been traced to depths of up to 300 metres and demonstrates attractive grades and widths over at least 100 metres of strikelength. The second also shows strong grades over at least 100 metres along strike yet is currently identified only at shallow depths. Drilling is currently focused on establishing its depth potential.
Stepout drilling has identified widespread alteration and mineralization however, to date, continuity of potentially economic grades and widths have not yet been established.
Table 1 Infill/Continuity Drilling (nominal 50 metre spacing)
Significant Assay Results (greater than 1.0 gAu/tonne)
-------------------------------------------------------------------------
Core
From To Length* Grade Comment
Hole No. (m) (m) (m) (gAu/tonne)
-------------------------------------------------------------------------
S553 No Significant Assays - hole abandoned
at 110.5m
-------------------------------------------------------------------------
-------------------------------------------------------------------------
S553A 115.7 116.7 1.0 3.55
-------------------------------------------------------------------------
539.0 550.0 11.0 1.59
-------------------------------------------------------------------------
inc. 539.0 544.0 5.0 2.18
-------------------------------------------------------------------------
558.0 560.0 2.0 1.86
-------------------------------------------------------------------------
-------------------------------------------------------------------------
S554 No Significant Assays
-------------------------------------------------------------------------
-------------------------------------------------------------------------
S555 326.0 327.0 1.0 2.36
-------------------------------------------------------------------------
332.0 334.0 2.0 1.24
-------------------------------------------------------------------------
-------------------------------------------------------------------------
S556 217.2 217.8 0.6 3.89
-------------------------------------------------------------------------
344.9 347.3 2.4 2.85
-------------------------------------------------------------------------
-------------------------------------------------------------------------
S557 41.8 51.7 9.9 10.51 - hole lost at
68.0m
-------------------------------------------------------------------------
inc. 41.8 48.3 6.5 15.29 - re-drilled as
S557A
-------------------------------------------------------------------------
56.7 60.1 3.4 2.74
-------------------------------------------------------------------------
64.1 68.0 3.9 3.29
-------------------------------------------------------------------------
-------------------------------------------------------------------------
S557A 42.0 52.0 10.0 7.37
-------------------------------------------------------------------------
inc. 42.0 47.5 5.5 12.48
-------------------------------------------------------------------------
57.0 59.0 2.0 4.02
-------------------------------------------------------------------------
65.5 70.0 4.5 5.92
-------------------------------------------------------------------------
82.0 83.5 1.5 13.40
-------------------------------------------------------------------------
91.6 92.6 1.0 7.35
-------------------------------------------------------------------------
193.9 201.0 7.1 2.57
-------------------------------------------------------------------------
inc. 199.0 201.0 2.0 5.89
-------------------------------------------------------------------------
-------------------------------------------------------------------------
S558 38.0 60.0 22.0 3.64
-------------------------------------------------------------------------
inc. 38.0 42.0 4.0 5.16
-------------------------------------------------------------------------
and 49.5 60.0 10.5 5.00
-------------------------------------------------------------------------
77.2 78.3 1.1 47.01
-------------------------------------------------------------------------
97.3 98.3 1.0 16.89
-------------------------------------------------------------------------
112.3 116.4 4.1 1.64
-------------------------------------------------------------------------
-------------------------------------------------------------------------
S559 94.5 95.5 1.0 5.88
-------------------------------------------------------------------------
206.0 218.5 12.5 4.42
-------------------------------------------------------------------------
inc. 206.0 209.0 3.0 5.79
-------------------------------------------------------------------------
and 217.5 218.5 1.0 34.05
-------------------------------------------------------------------------
243.0 246.0 3.0 3.64
-------------------------------------------------------------------------
341.0 345.0 4.0 7.85
-------------------------------------------------------------------------
360.0 361.0 1.0 9.95
-------------------------------------------------------------------------
471.5 472.6 1.1 2.08
-------------------------------------------------------------------------
-------------------------------------------------------------------------
S560 80.5 88.5 8.0 7.00
-------------------------------------------------------------------------
inc. 81.5 85.5 4.0 10.46
-------------------------------------------------------------------------
196.0 215.0 19.0 2.25
-------------------------------------------------------------------------
inc. 196.0 202.0 6.0 5.82
-------------------------------------------------------------------------
* True widths represent 50 to 65% of corelengths based on an
interpreted vertical dip
Table 2 Stepout Drilling (100m and 200m west)
Significant Assays (greater than 1.0 gAu/tonne)
---------------------------------------------------------
Core
From To Length* Grade
Hole No. (m) (m) (m) (gAu/tonne)
---------------------------------------------------------
S561 No Significant Assays
---------------------------------------------------------
---------------------------------------------------------
S562 56.0 57.0 1.0 1.03
---------------------------------------------------------
186.0 187.0 1.0 3.00
---------------------------------------------------------
---------------------------------------------------------
S563 No Significant Assays
---------------------------------------------------------
---------------------------------------------------------
S564 No Significant Assays
---------------------------------------------------------
Table 3 Drill Hole Locations
-------------------------------------------------------------------------
Hole No. Easting Northing Azimuth Dip Length
(UTM) (UTM) (degrees) (degrees) (metres)
-------------------------------------------------------------------------
S553 286382 5333623 210 -60 111
-------------------------------------------------------------------------
S553A 286382 5333627 211 -63 684
-------------------------------------------------------------------------
S554 286097 5333460 212 -50 351
-------------------------------------------------------------------------
S555 286098 5333460 210 -58 381
-------------------------------------------------------------------------
S556 286421 5333507 201 -61 630
-------------------------------------------------------------------------
S557 286380 5333449 205 -60 68
-------------------------------------------------------------------------
S557A 286383 5333446 200 -59 591
-------------------------------------------------------------------------
S558 286383 5333446 198 -56 630
-------------------------------------------------------------------------
S559 286383 5333446 200 -65 573
-------------------------------------------------------------------------
S560 286206 5333507 181 -45 315
-------------------------------------------------------------------------
S561 285948 5333751 208 -50 512
-------------------------------------------------------------------------
S562 285883 5333646 213 -50 536
-------------------------------------------------------------------------
S563 285801 5333519 212 -50 566
-------------------------------------------------------------------------
S564 285865 5333804 212 -50 561
-------------------------------------------------------------------------
The Dubuisson discovery is 100% owned by Wesdome Gold Mines Ltd. It is located in Val d'Or, Quebec, three kilometres east of the Company's Kiena mine and three kilometres north of Agnico Eagle's Goldex Mine.
It is situated at the intersection of ESE trending strata of the Jacola Formation and a prominent regional EW lineament which encompasses the Kiena mine, the past producing Malartic Goldfields Mine and the Canadian Malartic Project of Osisko Mining on the neighbouring properties.
To date, multiple zones of gold mineralization have been identified with widespread drilling along a strikelength of at least 500 metres. Gold is hosted by brittley fractured, albitized diorite and/or feldspar porphyry bodies within a broad, deformed ultramafic (komatiite) sequence. Mineralization consists of quartz-albite-tourmaline-pyrite veinlet stockworks commonly carrying free gold. The host rock displays strong Sigma-style alteration containing disseminated pyrite.
Drilling is conducted from barge-mounted drills from the surface of Lac de Montigny. We are approaching the end of the drilling season and with some luck from the weather may complete 55 drill holes for approximately 25,000 metres before the ice sets in. To date, results of 27 holes have been released. This season's drilling provides us information on the orientation, geometry and size, or the internal architecture of the mineralized system. Compilation and interpretation of the remainder of this season's results will provide guidance for further surface drilling currently contemplated to be undertaken from the ice this coming winter.
Technical information in this press release was compiled and verified by Paul Arscott, PGeo and Chief Geologist, Kiena mine and Marc Ducharme, PGeo and Exploration Geologist, Kiena mine in their capacity as "Qualified Persons" as per National Instrument 43-101. Assaying employed fire assay methods at the Kiena mine assay office. In addition to internal duplicates, 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.
Wesdome 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 100.2 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.
