Wesdome announces filing of 43-101 mineral resource estimate at Kiena

Wesdome Gold Mines Ltd. has announced that the company has filed an independent technical report prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects supporting the mineral resource estimate for the Kiena Mine Complex in Val d’Or, Quebec, reported in the company’s news release dated December 15, 2020.

The technical report, titled “Update of the Mineral Resource Estimate for the Kiena Mine Complex Project, Val-d’Or, Québec, Canada.” The full report can be found on the Company’s website at www.wesdome.com and under the Company’s issuer profile at www.sedar.com.

The updated mineral resource estimate includes drill data as of September 18, 2020. It includes an additional 213 drill holes for a total of 60,865 m drilled since August 6, 2019 (close-out date for September 25, 2019 resource). Of which, an additional 122 new drill holes in Kiena Deep for a total of 35,280 m in the update of the Kiena Deep Zones. The drilling information was used to update the interpretation of the geologic model, geometry of the mineralized zones and domains resulting in a higher degree of confidence in the resource estimate.

The 2019 Preliminary Economic Assessment (“PEA”) has not been updated in light of the 2020 MRE. The 2020 MRE does not have a negative impact on or otherwise adversely affect the mineral resource inventory that formed the basis of the 2019 PEA.

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