Wesdome Gold finds 'good continuity', stock climbs
Wesdome Gold Mines (TSX:WDO) said today its 303 Lens at its Eagle River Mine in Wawa, Ontario, show gold mineral continuity.
Wesdome is up 11% over the past five days to $7.11 a share as of 4:40 p.m. today.
The company highlighted three holes from drill results released today:
- Hole 925-E-104: 92.8 g/t Au over 11.1 m core length (37.2 g/t Au cut, 6.4 m true width)
- Hole 925-E-106: 70.0 g/t Au over 11.5 m core length (48.1 g/t Au cut, 7.4 m true width)
- Hole 925-E-87: 72.2 g/t Au over 10.8 m core length (42.8 g/t Au cut, 5.4 m true width)
Duncan Middlemiss, president and CEO, said the 303 Lens has been expanded after the recent drill results.
"We are pleased with our ongoing exploration efforts at the Eagle River Mine, in particular the continued expansion of the high grade 303 Lens that has provided above average reserve grades over 2019 and planned into 2020," said Middlemiss. "This additional expansion of the 303 Lens an additional 300 metres down plunge provides an opportunity to mine these high grades well into the future with additional mine development. We expect to include the results into the existing resource and reserves base at year end."
"Elsewhere, we are continuing to aggressively explore the Eagle River deposit with five underground and one surface drill rigs to extend the known 7 East and 311 West zones that are proximal to existing development and infrastructure and testing for parallel zones of mineralization in the eastern portion of the mine diorite. And on surface, we continue to test the recently discovered Falcon zones where there exists good potential to define higher grade and wider zones of gold mineralization that would be near mine infrastructure."