Wesdome Gold Mines has unveiled initial 2015 results of shallow definition drilling designed to confirm extensions of its wholly-owned Mishi Mine located about 50km due west of Wawa, Ontario.
Definition drilling at 25 metres spacing along a 1.3 kilometre strike length has now been completed. Initial results have confirmed continuity and will provide the basis for future resource definition and mine planning.
The 2015 drill program included 89 holes totalling 9,915 metres of drilling.
Initial results are presented for section 3150 E located 300 metres west of current mining operations and section 4225 E located 400 metres to the east.
Wesdome Gold Mines President and CEO Rolly Uloth said: "The Mishi drill program in 2015 was intended to assist the Company in assessing economic expansion opportunities at this asset. Continuity has now been defined for at least 1 kilometre of strike length and remains open. Further results will be released in the fall, which will help the Company determine the next phase of expansion.
"Right now, we are evaluating an investment at the mill which would increase capacity from 1,200 tonnes per day to 1,500 tonnes per day. Along with the Eagle River Mine which is producing at 450 tonnes per day, doubling Mishi production from the current rate of 450 tonnes per day to 900 tonnes per day would reduce operating costs by approximately $100 per ounce."
The Mishi Mine is a high grade open pit operation located 2 kilometres west of the Company’s mill. Phased expansion of the Company’s milling and mining operations is enhancing the economics of our Eagle River Complex which includes the high grade Eagle River Underground Mine, the Mishi mine and our Mill.
At year end, 2014, the Mishi Mine’s proven and probable reserves stood at 1,786,000 tonnes at 2.1 gAu/tonne. Additional Indicated Open Pit resources stood at 3,688,000 tonnes at 2.1 gAu/tonne or 248,000 contained ounces.
The 2015 drilling program is providing the detailed definition required to direct and guide future production expansion opportunities.