Wesdome Gold Mines Ltd. (TSX: WDO) is pleased to announce high grade underground drilling results from the 300 and 7 Zones, recently recognized parallel structures at its wholly-owned Eagle River Mine, inWawa, Ontario. Both zones are open towards the west, up plunge, and at depth.
As a result of the return of the Eagle River Mine to profitability and higher recovered grades under new management over the past year, underground exploration programs have intensified, and the primary focus has been on parallel structures in the hanging wall and footwall of known mineralization. The results outlined in this press release may ultimately provide future production without increasing current capital development rates.
Rolly Uloth, President, comments “These parallel zones as well as the deeper 811 zone, (which continues at depth to at least 1,200 metres and remains open) are currently the Company’s main exploration focus, as there is significant potential to add several new high grade workplaces to 2015 and 2016 production, and beyond. On the 750 metre level, a new development drive is 125 metres away from accessing the high grade 300 zone. The Company’s strategy at Eagle River is to rapidly develop these high-grade zones, bring them into the mine plan, and increases reserves. These zones are close to existing infrastructure and provide potential to increase production and lower all-in sustaining costs in the near to medium term.”
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