Wesdome Gold Mines Ltd. (TSX: WDO) has expanded its underground operation in Ontario and reported high-grade intercepts over short lengths from its most recent holes.
On Wednesday, the Toronto-based mining company announced that it had expanded the 300 East Zone of the Eagle River Mine an additional 200 metres down plunge to the 1,600-metre level. Wesdome says the ongoing extension and definition drilling have confirmed the consistency of high-grade mineralization down plunge.
The company reported the following intercepts from the most recent holes:
- Hole 925-E-231: 77.6 g/t Au over 9.4 metres
- Including 225.1 g/t Au over 3.0 metres
- Hole 925-E-233: 42.6 g/t Au over 4.9 metres
- Including 62.8 g/t Au over 3.3 metres
- Hole 771-E-33: 150.7 g/t Au over 2.8 metres
- Including 497.8 g/t Au over 0.7 metres
“These results continue to confirm the geometry and high grades of the 300 East Zone,” said Wesdome’s Interim CEO Warwick Morley-Jepson.
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Wesdome also says the ongoing drilling has confirmed the continuity of the geometry at the mine and that the company is aiming to define a second higher-grade lens formation similar to the 303 Lens mined in 2019 that had an average muck grade of 46.1 g/t gold.
The recent drilling of the 300 East Zone has also suggested that several other zones of the Eagle River Mine have the same potential to continue at depth.
Wesdome is currently following up on promising intercepts last year at other areas of the mine and is focused on converting its large inferred base into measured and indicated resources.
The company recently decided to appoint Anthea Bath as President and CEO because of her extensive background in the mining industry and leadership experience.
Other companies with mines in the Wawa area include Red Pine Exploration Inc. (TSX-V: RPX) (OTCQB: RDEXF), owner of the Wawa Gold Project and Angus Gold Inc. (TSX-V: GUS) (OTC: ANGVF), which recently reported assay results from its winter drill program at the Golden Sky Project in Wawa.
Wesdome produced 825 more ounces of gold at the Eagle River Mine in Q1 this year than 2022.
The company’s shares rose by 0.62 per cent Wednesday to $7.34 on the Toronto Stock Exchange.
rowan@mugglehead.com
