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Wesdome connects with exploration

Wesdome Gold Mines believes underground exploration drilling has connected two important zones at its Kiena mine complex, in Val d’Or, Quebec, Canada.
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Kiena in Quebec, Canada

Staff Reporter

Drilling on the 1,050m level exploration ramp has completed infill and immediate plunge extension drilling, while a drill on the 670m level has tested the interpreted up-plunge extension of the Kiena Deep A zone towards the VC zone area.

Drilling highlights in the Kiena Deep A zone included 10.4m grading 66.4 grams per tonne of gold leading the company to believe that it has connected the A zone to the VC zone.

"It is interpreted that this schist-basalt contact extends from the known A zone to the VC zone area and has potential to host additional A zone style of mineralisation along its plunge length," said president and CEO Duncan Middlemiss.

He said the potential to host additional high-grade mineralisation along the contact made the area an immediate priority drilling focus to better understand its geological context.

Drilling has also continued to expand the Kiena Deep A zone up and down plunge. The down-plunge zone has been extended 60-100m, while the A zone in the up-plunge has been extended 70-100m.

Since October 2018, about 16,910m in 64 holes have been added to the Kiena Deep A zone, in addition to a number of additional exploration holes. Wesdome planned 50,000m of underground exploration drilling for 2019 in preparation for a resource estimate update later in the year and a preliminary economic assessment.

Shares in Wesdome Gold Mines (TSX:WDO) are trading at C$4.25 valuing the company at C$593 million. Its share price has fallen 4% so far this year despite hitting a high of $5.34 in February.