Wesdome Gold Mines Ltd. - Two new gold structures at Eagle River

TORONTO , Aug. 19, 2013 /CNW/ - Wesdome Gold Mines Ltd (WDO.TO) is pleased to announce encouraging early results from its recently started deep drilling program at its 100%-owned Eagle River Mine, located 50 km due west of Wawa, Ontario.

Drilling is being conducted from a recently established exploration drift located in the hangingwall on the 670 metre level in the western portion of the mine. The purpose of the drilling is to confirm the depth potential of the high grade 811 Zone and evaluate future development options. The deepest mining level in the 811 Zone is currently 765 metres. On the 765 metre level, the 811 Zone averaged 36.61 gAu/tonne (with high assays cut to 140 gAu/tonne) with an average width of 2.13 metres and a length of 142 metres. This is defined by grade control chip sampling of development rounds.

Preliminary drilling has been completed on two sections 75 metres apart. A third has commenced.

EARLY RESULTS CONFIRM:

• 811 Zone structure confirmed to depths of 1,200m highlighted by hole EU-701 which cut 78.43 gAu/tonne over a true width of 1.73 metres.
• A new zone (7 Zone) identified approximately 200 metres north of the 811 structure highlighted by:
  • Hole EU-693 26.85 gAu/tonne over 3.45m true width
  • Hole EU-694 30.15 gAu/tonne over 1.52m true width
• A second new zone (300 Zone) identified approximately 400 metres north of the 811 structure highlighted by:
  • Hole EU-695 21.73 gAu/tonne over 2.42m true width
  • Hole EU-696 20.24 gAu/tonne over 1.38m true width
  • Hole Eu-697 10.20 gAu/tonne over 1.51m true width