Monday, March 13, 2023
10:32 AM EST – Wesdome Gold Mines Ltd. : Announced updated Mineral Resource and Mineral Reserve updates at the Company’s 100% owned Kiena Mine Complex in Val d’Or, Quebec and at the Eagle River Mine near Wawa, Ontario. High Grade Mineral Reserve Base – At December 31, 2022, Wesdome’s combined proven and probable mineral reserves totaled 1.0 million ounces (2.4 million tonnes grading 12.9 grams per tonne (“g/t”) gold); combined measured and indicated mineral resources (exclusive of reserves) were 350 thousand ounces (1.4 million tonnes grading 7.7 g/t gold); and combined inferred mineral resources were 1.1 million ounces (6.4 million tonnes grading 5.2 g/t gold). Reserves and Resource estimates at both sites reflect higher cut-off grades, reduced exploration budget in H2, a higher allocation towards definition and infill drilling (including 25,000 metres in the Falcon Zone at Eagle River), as well as a more stringent and robust approach to reconciliation, 3D modeling and resource classification. Wesdome Gold Mines Ltd. (T.WDO) shares were up $0.28 at 6.61.
Stocks in Play: Wesdome Gold Mines Ltd., Mon, 13 Mar 2023 10:42:07 EST