Underground drilling by
The widest intercept occurred in hole 3755, which cut the VC2 zone over a true width of 25 metres (beginning 57.2 metres below surface) and averaged a cut grade of 5.1 grams gold per tonne. The interval also included a 9-metre section grading 12.2 grams gold.
Other highlights as as follows:
– Hole 3746 — 15 metres (from 22 metres) averaging 8.7 grams gold in the VC3 zone, and 5.8 metres (from 51.2 metres) of 9.5 grams in the VC2 zone.
– Hole 3754 — 22 metres (from 72.8 metres) containing 4.3 grams gold per tonne in the VC2 zone.
– Hole 3756 — 15.8 metres (from 15.8 metres) of 7.7 grams gold in the VC3 zone.
– Hole 3757 — 16.5 metres (from 17 metres) of 7.65 grams in the VC3 zone.
– Hole 3758 — 21.5 metres (from 17.9 metres) of 4.75 grams in the VC3 zone, and 3 metres (from 85.6 metres) of 3.6 grams in the VC2 zone.
– Hole 3762 — 9.1 metres of (from 19 metres) of 7.7 grams in the VC3 zone, and 9.8 metres of 7 grams in the VC2 zone.
The VC zone comprises at least three mineralized lenses that form a pipe-like structure. Mineralization is hosted by silicified, albitized breccia in mafic volcanic rock, cut by intermediate-to-felsic intrusive rock. The zone has been outlined over 60 metres and remains open to the east and west, and at depth. Delineation and definition drilling on 15-metre centres continue.
In 2002, the Kiena mine was estimated to contain a measured and indicated resource of 3 million tonnes grading 4.25 grams gold per tonne. The mine produced 11 million tonnes grading 4.75 grams gold per tonne between 1982 and 2002.
Underground exploration and development continue on the VC, North and 388 zones. A production decision is expected in June.
Shares in Wesdome ended a dime, or more than 7%, higher at $1.50 in Toronto following the news on Feb. 17.
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