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Source: Streetwise Reports 09/29/2019 Company notes “significant increases in gold grade and ounces of gold.” Wesdome Gold Mines Ltd. (WDO:TSX) updated the mineral resource estimate for its Kiena mine complex in Val d’Or, Quebec, it announced in a news release. The updated estimate includes 36,050 meters (36,050m) and 140 holes more of drill data than the previous one from December 2018. Data from 66 of those holes, covering 18,365m, were from Kiena Deep (the A zone). The newly calculated resource for the Kiena Deep A zone amounts to 405,100 ounces (405.1 Koz) of gold at a grade of 18.55 grams per ton (18.55 g/t) in the Measured and Indicated (M&I) category. That compares to 99.3 Koz of 9.95 g/t M&I gold in the 2018 resource estimate. Between the new and the 2018 estimates, the Inferred gold resource there grew to 332 Koz from 241.1 Koz, and the grade increased to 15.27 g/t from 11.43 g/t. “Our work has continued to grow and better define the high-grade Kiena Deep A zone, and we are confident that the mineral resource will increase as a result of the ongoing drilling of this high-grade area that remains open up and downplunge,” President and CEO Duncan Middlemiss said in the release. Along with Kiena Deep, the new report includes resource quantities for other areas of the property: proximal to the Kiena mine development (the A, B, South, VC and S50 zones), outside the Kiena mine area (the Martin, Dubuisson, Northwest, Presqu’ile zones and Wesdome deposit) … Continue reading →