Bob Shawkey

Wesdome Drilling Confirms Continuity of Presqu’île Zone and Prepares for Exploration Ramp Development at Kiena Mine

Retrieved on: 
Tuesday, September 19, 2023
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Recent drilling at Presqu’île is part of an ongoing exploration program focussing on near surface gold potential along strike from Kiena that remains under explored.

Key Points: 
  • Recent drilling at Presqu’île is part of an ongoing exploration program focussing on near surface gold potential along strike from Kiena that remains under explored.
  • Hole PR-23-070: 32.5 g/t over 3.0 m core length (30.0 g/t Au capped*, 2.9 true width) PR-2A Zone.
  • Hole PR-23-084 : 14.0 g/t Au over 5.3 m core length (14.0 g/t Au capped*, 4.0 m true width) PR-2 Zone.
  • Both zones are interpreted as excellent target for a follow up drilling program from surface or from underground with development of an exploration ramp.

Wesdome Announces Second Quarter 2023 Financial Results

Retrieved on: 
Thursday, August 10, 2023
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TORONTO, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO, OTCQX:WDOFF) (“Wesdome” or the “Company”) today announces second quarter (“Q2 2023”) financial results. Management will host a conference call tomorrow, Friday August 11, 2023, at 10:00 a.m. Eastern time to discuss the results. Dial-in details for the call can be found near the end of this press release.

Key Points: 
  • Invested $17.8 million in capital expenditures at Eagle River and Kiena in the quarter as compared to $38.3 million in Q2 2022.
  • Refer to the section entitled “Non-IFRS Performance Measures” for the reconciliation of these non-IFRS measurements to the Financial Statements.
  • Refer to the section entitled “Non-IFRS Performance Measures” for the reconciliation of these non-IFRS measurements to the Financial Statements.
  • The financial statements and management discussion and analysis will be available on the company’s website at www.wesdome.com and on SEDAR+ www.sedar.com A conference call and webcast to discuss these results will be held on Friday August 11, 2023 at 10:00 am ET.

Wesdome Drilling Southeast of Kiena Mine Identifies Potential Bulk Tonnage Underground Target; Returning 2.3 G/T Gold Over 72 M Core Length

Retrieved on: 
Tuesday, May 23, 2023
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Since 2021, surface exploration at Kiena has been ramping up with the initial focus on exploration targets proximal to the Kiena Mine.

Key Points: 
  • Since 2021, surface exploration at Kiena has been ramping up with the initial focus on exploration targets proximal to the Kiena Mine.
  • Most recently, surface drilling 2-3 kilometres southeast of the Kiena mine has identified wide zones of low grade gold mineralization potentially amenable to bulk tonnage underground mining  similar to other operations in the region (see Figure 1).
  • Notably, this style of mineralization and alteration, hosted in diorite, is different from the Kiena Mine further to the west.
  • Highlights of the recent drilling northwest to the Shawkey 10 Zone are listed below and are summarized in Table 1.