Wesdome Extends High Grade 7 Zone 150 Metres Towards Surface

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Figure 1 (CNW Group/Wesdome Gold Mines Ltd.)
Figure 1 (CNW Group/Wesdome Gold Mines Ltd.)
Wesdome Gold Mines Ltd. is pleased to announce encouraging early underground drill results from the 2016 exploration program at its wholly-owned Eagle River Mine, located west of Wawa, Ontario.
Figure 2 (CNW Group/Wesdome Gold Mines Ltd.)
Figure 2 (CNW Group/Wesdome Gold Mines Ltd.)
The program that commenced in January is targeting parallel gold zones to the north of the main No. 8 Zone orebody. Initial drilling in the western portion of the mine has traced the No. 7 Zone approximately 150 metres (500 feet) up-plunge to the 900 metre level where it remains open to surface. (Figures 1 & 2, and Table 1). HIGHLIGHTS (see Table 1):

  • Hole 900-E-75: 14.82 grams per tonne (“gAu/t”) over 3.37 metres true width
  • Hole 900-E-78: 13.63 gAu/t over 5.50 metres true width
  • Hole 900-E-79: 13.97 gAu/t over 6.22 metres true width
  • Hole 900-E-81: 19.57 gAu/t over 2.95 metres true width
  • Hole 900-E-82: 9.72 gAu/t over 4.71 metres true width
  • Hole 900-E-84: 7.09 gAu/t over 7.49 metres true width

Screen Shot 2016-02-23 at 6.33.48 PM Rolly Uloth, President and CEO, commented, “We have had a strong start to 2016 on one of our principal exploration targets. Drilling has traced the No. 7 Zone up-plunge from 1,000 metre depth. We are mobilizing a surface drill to test below the surface showing and in April an additional underground drill will move to the 350 metre level to test intermediate depths. As this Zone is located close to existing infrastructure, success on the target could have broad implications for future mine planning and production flexibility, particularly if these strong grades and substantial widths persist.” GEOLOGICAL CONTEXT / IMPLICATIONS The Eagle River Mine is hosted by a 2.0 km by 0.5 km elliptical quartz diorite stock. Mineralization is hosted by east-west, steeply north dipping laminated quartz veins. The mine is serviced by a shaft and ramp system with the deepest mining level currently at 900 metres. Drilling to date has traced mineralization to 1,200 metre depth, beyond which it remains open. To date, the mine has produced 1,051,000 ounces of gold from 3,600,000 tonnes at a recovered grade of 9.1 gAu/tonne with the bulk of production coming from the main No. 8 vein structure. The recent recognition of two new parallel structures, the No. 7 and No. 300 structures, located 200m and 400m, respectively, to the north has prompted an aggressive exploration and development program. In 2015, the 300 Zone commenced initial production. In 2016, a key target of the exploration effort is to trace the up-plunge projection of the No. 7 Zone structure from a reserve block at 1,000 metre depth to an existing surface showing (Figure 2). These initial drill results support this thesis and may provide an opportunity to advance the high grade No. 7 Zone more rapidly into the production sequence. The No. 7 Zone currently carries our best grade reserves (Press Release dated February 10, 2016) and these new drill results continue to demonstrate strong grades over substantial true widths. Two additional drills will be added to more rapidly define this target. A surface drill program commencing March 1, 2016, will explore the near surface projection of 7 Zone. In April a third underground drill will be mobilized to the 350 metre level of the mine to further test the 7 Zone at intermediate depths. TECHNICAL DISCLOSURE The technical disclosure in this press release has been compiled and reviewed by George N. Mannard, PGeo., VP Exploration of Wesdome and “Qualified Person” as defined by National Instrument 43-101 disclosure standards. Assaying is performed at the Eagle River Mine Assay office by fire assay methods on 25 gram aliquots. QA/QC protocols involve regular lab duplicates and replicates, standards and blanks. [author ]ABOUT WESDOME Wesdome Gold Mines Ltd. is in its 28th year of continuous gold mining operations in Canada. The Company is currently producing gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River and Mishi gold mines. Wesdome’s goal is to expand current operations at both mines over the next four years through mill expansion and exploration. Wesdome has significant upside through ownership of its two other properties, the Kiena Mine Complex in Val d’Or, Quebec and the Moss Lake gold deposit located 100 kilometres west of Thunder Bay, Ontario. These assets are being explored and evaluated to be developed in the appropriate gold price environment. The Company has approximately 118 million shares issued and outstanding and trades on the Toronto Stock Exchange under the symbol “WDO.”[/author]  

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