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Wesdome - Eagle River Mine - New zones at depth

17.08.2011  |  CNW

TORONTO, Aug. 17, 2011 /CNW/ --
TORONTO, Aug. 17, 2011 /CNW/ - Wesdome Gold Mines Ltd (TSX: WDO) is
pleased to report encouraging drill results at its 100% owned Eagle
River Mine, Wawa, Ontario.


Drilling conducted in late 2010 and the first half of 2011 has
identified new gold zones at previously untested depths in the central
portion of the mine.


Highlights include:


-- EU-504 41.77 gAu/tonne over 4.95 metres TRUE WIDTH
-- EU-413 24.65 gAu/tonne over 1.47 metres TRUE WIDTH
-- EU-497 111.13 gAu/tonne over 1.49 metres TRUE WIDTH
-- EU-498 15.04 gAu/tonne over 4.29 metres TRUE WIDTH
-- EU-356 13.79 gAu/tonne over 6.17 metres TRUE WIDTH


Complete results are tabulated below and plotted on the accompanying
longitudinal section (available at www.wesdome.com).


George Mannard, VP Exploration, observes 'New lenses of mineralization
appear to be opening up at depth as has been our experience in the
past.  We will drift on these with the intent of proving continuity
and, if results merit, incorporate them into our mine plan and ore
reserves.'


_____________________________________________________________________
| | Hole | From | To | Core |True | Grade | Cut Grade |
|Section| No. | (m) | (m) |length|Width|(gAu/tonne)|(60gAu/tonne)|
| | | | | (m) | (m) | | |
|_______|______|_______|_______|______|_____|___________|_____________|
| 9900E |EU-419|138.80 |140.80 | 2.00 |1.53 | 11.57 | 11.57 |
|_______|______|_______|_______|______|_____|___________|_____________|
| 9925E |EU-501| 84.95| 86.55| 1.60 |1.50 | 15.32 | 15.32 |
|_______|______|_______|_______|______|_____|___________|_____________|
| |EU-503|116.40 |118.50 | 2.10 |1.48 | 4.28 | 4.28 |
|_______|______|_______|_______|______|_____|___________|_____________|
| |EU-504|131.70 |138.70 | 7.00 |4.95 | 41.77 | 14.06 |
|_______|______|_______|_______|______|_____|___________|_____________|
| 9950E |EU-412| 85.20| 86.75| 1.55 |1.50 | 5.00 | 5.00 |
|_______|______|_______|_______|______|_____|___________|_____________|
| |EU-413| 95.80| 97.60| 1.80 |1.47 | 24.65 | 11.83 |
|_______|______|_______|_______|______|_____|___________|_____________|
| |EU-436|126.50 |128.80 | 2.30 |1.48 | 8.83 | 8.83 |
|_______|______|_______|_______|______|_____|___________|_____________|
| |EU-414|155.50 |157.85 | 2.35 |1.51 | 1.09 | 1.09 |
|_______|______|_______|_______|______|_____|___________|_____________|
| 9975E |EU-496| 86.50| 88.10| 1.60 |1.50 | 7.51 | 7.51 |
|_______|______|_______|_______|______|_____|___________|_____________|
| |EU-497| 98.65|100.60 | 1.95 |1.49 | 111.13 | 27.87 |
|_______|______|_______|_______|______|_____|___________|_____________|
| |EU-498|112.40 |118.00 | 5.60 |4.29 | 15.04 | 10.65 |
|_______|______|_______|_______|______|_____|___________|_____________|
|10000E |EU-499|135.00 |137.30 | 2.30 |1.48 | 6.22 | 6.22 |
|_______|______|_______|_______|______|_____|___________|_____________|
| |EU-355|115.50 |118.10 | 2.60 |1.49 | 4.85 | 4.85 |
|_______|______|_______|_______|______|_____|___________|_____________|
| |EU-356|139.90 |149.50 | 9.60 |6.17 | 13.79 | 7.94 |
|_______|______|_______|_______|______|_____|___________|_____________|



Gold mineralization is hosted in subvertically dipping, east-west
striking tabular quartz veins in a discrete shear zone cutting a
quartz-diorite stock.  High grades are typically accompanied by
accessory amounts of pyrite, sphalerite and galena.


Since the first gold pour in October, 1995, the Eagle River Mine has
produced 873,000 ounces of gold from 2.92 million tonnes at a recovered
grade of 9.3 gAu/tonne.  The bulk of this production has come from a
depth of less than 500 metres.


Recent development has opened up positions from which to drill at
previously untested depths and preliminary results are very
encouraging.


All assays are performed at the Eagle River mine assay office by fire
assay on 25 gram sample aliquots.  Duplicates, replicates, blanks and
standards are routinely incorporated into the sample stream to monitor
quality control.  Werner Wirowatz,, P.Geo., Mine Geologist, Wesdome
Gold Mines Ltd. is the 'Qualified Person' responsible for the technical
content of this Press Release as required by National Instrument
43-101.


ABOUT WESDOME


Wesdome is an established Canadian gold producer with wholly-owned
mining and milling complexes located in Wawa, Ontario and Val d'Or,
Québec.  Wesdome has been producing gold continually for more than 20
years on an unhedged basis and to date has produced in excess of 1.2
million ounces.  The Company has 101.9 million shares issued and
outstanding and trades on the Toronto Stock Exchange under the symbol
'WDO'.


This news release contains 'forward-looking information' which may
include, but is not limited to, statements with respect to the future
financial or operating performance of the Company and its projects.
Often, but not always, forward-looking statements can be identified by
the use of words such as 'plans', 'expects', 'is expected', 'budget',
'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', or
'believes' or variations (including negative variations) of such words
and phrases, or state that certain actions, events or results 'may',
'could', 'would', 'might' or 'will' be taken, occur or be achieved.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Forward-looking statements
contained herein are made as of the date of this press release and the
Company disclaims any obligation to update any forward-looking
statements, whether as a result of new information, future events or
results or otherwise. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. The Company undertakes no obligation to update
forward-looking statements if circumstances, management's estimates or
opinions should change, except as required by securities legislation.
Accordingly, the reader is cautioned not to place undue reliance on
forward-looking statements.

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/August2011/17/c4149.html

Donovan Pollitt, P.Eng., CFA
President & CEO
416-360-3743   ext 25
or  George Mannard, P.Geo.
Vice President, Exploration
416-360-3743   ext 22

8 King St. East, Suite 1305
Toronto, ON, M5C 1B5
Toll Free: 1-866-4-WDO-TSX
Phone: 416-360-3743, Fax: 416-360-7620
Email: invest@wesdome.com, Website: www.wesdome.com

 



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