EXPLORATION & DEVELOPMENT

Wesdome discovers new zone at Kiena

Wesdome Gold Mines has announced the discovery of a new high-grade gold zone in the footwall of the Kiena Deep A Zone with its best ever intercept at its Kiena Mine Complex in Val d'Or, Quebec, Canada.

Staff reporter
Wesdome Gold Mines' Kiena mine in Quebec, Canada

Wesdome Gold Mines' Kiena mine in Quebec, Canada

The Footwall Zone is defined by new intersections of gold mineralisation within a 50m-wide corridor adjacent to the footwall of A2 Zone. Highlights included 51.2m grading 41.2 grams per tonne gold.

"Initial drilling has already extended the corridor of the Footwall Zone over 300m down plunge thus confirming the potential to add new high grade resources at depth," said Wesdome Gold Mines president and CEO Duncan Middlemiss.

Wesdome believes the discovery could have a major positive impact on the project and its next updated mineral resource estimate. It expects to complete a pre-feasibility study on Kiena in the June quarter with a possible re-start decision shortly thereafter.

Shares in Wesdom Gold Mines are trading at C$10.77, valuing the company at $1.5 billion.

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