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Wesdome Gold Mines Ltd.

WESDOME ANNOUNCES FILING OF NI 43-101 TECHNICAL REPORT AT THE KIENA MINE IN VAL D’OR, QUEBEC

Jun 9, 2021
TORONTO, June 09, 2021 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX:WDO) (“Wesdome” or the “Company”) announces filing of a National Instrument 43-101 Technical Report of the pre-feasibility study “PFS”) and mineral reserve estimate for the Kiena Mine. Initial results were released on May 26, 2021. The full technical report is available on SEDAR at www.sedar.com and on the Company website, www.wesdome.com
 
ABOUT WESDOME
 
Wesdome has had over 30 years of continuous gold mining operations in Canada.  The Company is 100% Canadian focused with a pipeline of projects in various stages of development.  The Company’s strategy is to build Canada’s next intermediate gold producer, producing 200,000+ ounces from two mines in Ontario and Québec. The Eagle River Underground Mine in Wawa, Ontario is currently producing gold at a rate of 92,000 – 105,000 ounces per year.  Wesdome is actively exploring its brownfields asset, the Kiena Complex in Val d’Or, Québec.  The Kiena Complex is a fully permitted former mine with a 930-metre shaft and 2,000 tonne-per-day mill, and a restart of operations was announced on May 26, 2021.  The Company has completed a PFS in support of the production restart decision. The Company also retains meaningful exposure to the Moss Lake gold deposit, located 100 kilometres west of Thunder Bay, Ontario through its equity position in Goldshore Resources Inc. The Company has approximately 139.7 million shares issued and outstanding and trades on the Toronto Stock Exchange under the symbol “WDO”.
 

Source: https://www.wesdome.com/news/press-releases/#a6e74f0d8a5eb7451f7b2d3c352c2499

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