Wesdome Expands Folded Kiena Deep A Zones Down Plunge and Confirms Mineralization in a Second Limb at Depth

Rhea-AI Summary

Wesdome Gold Mines Ltd. has announced promising underground exploration drilling results at the Kiena Mine Complex in Quebec. Significant mineralization has been discovered, including a new interval located 100 meters below the current resource limit. Recent drill results include:

• 92.1 g/t Au over 50.7 m (Hole 6796W6)
• 18.7 g/t Au over 48.0 m (Hole 6796W4)
• 13.9 g/t Au over 83.2 m (Hole 6752W10)

The company plans to invest $17.7 million in exploration in 2022 to further enhance resource potential.

Positive

• Discovery of a new mineralized interval below known resources at Kiena.
• High-grade drill results, including 92.1 g/t Au over 50.7 m.
• Investment of $17.7 million in exploration for 2022 to enhance resources.

Negative

• Potential COVID-19 impacts affecting production timelines and objectives.

TORONTO, June 01, 2022 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) today announces underground exploration drilling results from the Kiena Deep A Zone at the Company’s 100% owned Kiena Mine Complex in Val d'Or, Quebec.

Since the completion of the PFS for Kiena in 2021, underground drilling has been focussed on exploration proximal to the Kiena Deep A Zones. As part of this exploration focus, early success discovered the Footwall Zones last year, and drilling continues to expand these zones down plunge. Most recently, underground exploration drilling at the Kiena Deep A Zones area has discovered a new mineralized interval (hole 6752W10) located 100 metres below of the known limit of A zone resource (Figure 1). Additional drilling will be needed to link this new mineralization to the existing lenses. Technical services are currently developing a hanging wall exploration drift (116 level) to establish more optimal drilling platforms. This new access will allow additional exploration drilling at depth in order to increase resources.

Previously, exploration drilling has focused in the North limb area of the A Zones, along the sub-vertical contact between mafic and ultramafic rocks (Figure 2). More recently, drilling has discovered the lateral extension of the A Zone along the South limb of the fold (Figure 2). This area remains open along strike and down dip. A similar mineralization along the limbs was known at higher elevations of the A Zone and represents an excellent target for the exploration drilling at depth.

Highlights of the recent drilling are listed below and are summarized in Table 1.

• Hole 6796W6: 92.1 g/t Au over 50.7 m core length (23.3 g/t Au capped, 5.5 m true width) A1 Zone
• Hole 6796W4: 18.7 g/t Au over 48.0 m core length (9.0 g/t Au capped, 5.0 m true width) A1 Zone
• Hole 6752W10: 13.9 g/t Au over 83.2 m core length (9.9 g/t Au capped) New deep Zone. True width is unknown at this time.
  

All assays capped at 90.0 g/t Au. True widths are estimated based on 3D model construction.

Mr. Duncan Middlemiss, President and CEO commented, “We are pleased with the recent underground drilling which continues to expand the high grade A Zones and Footwall Zones.

We are also very pleased with the discovery of the South limb of the A Zone that could significantly add to the resource base. Just as the Footwall Zone discovery, this lateral extension of the A Zone will increase the number of ounces per vertical metre and have the potential to provide additional working faces during mining. All in all, this can positively impact project economics as the same underground infrastructure utilized to access the A Zone can be leveraged to mine these additional zones on a low unit cost basis.

We are continuing to spend aggressively on exploration at Kiena with $17.7 million to be spent in 2022 that includes approximately 50,000 m of underground drilling and 30,000 m of surface drilling. It is evident that as we continue to explore and collect new information, we are able to discover traps for gold mineralization outside of the known zones, thereby demonstrating the prospectivity of this area and the entire property.”

TECHNICAL DISCLOSURE

The underground technical and geoscientific content of this release has been compiled, reviewed, and approved by Bruno Turcotte, P.Geo., (OGQ #453) Chief Geologist – Underground Exploration of the Company, a "Qualified Person" as defined in National Instrument 43-101 -Standards of Disclosure for Mineral Projects.

Analytical work was performed by ALS Minerals of Val-d’Or (Quebec), a certified commercial laboratory (Accredited Lab #689). Sample preparation was completed at ALS Minerals in Val d'Or (Quebec). Assaying comprised fire assay methods with an atomic absorption finish. Any sample assaying >3 g/t Au was rerun by fire assay method with gravimetric finish, and any sample assaying >10 g/t Au was rerun with the metallic sieve method. In addition to laboratory internal duplicates, standards, and blanks, the geology department inserts blind duplicates, standards, and blanks into the sample stream at a frequency of one in twenty to monitor quality control.

COVID-19

The health and safety of our employees, contractors, vendors, and consultants is the Company’s top priority. In response to the COVID-19 outbreak, Wesdome has adopted all public health guidelines regarding safety measures and protocols at all of its mine operations and corporate office. These protocols are still in place at all sites despite the loosening of some provincial public health guidelines. In addition, our internal COVID-19 Taskforce continues to monitor developments and implement policies and programs intended to protect those who are engaged in business with the Company.

Through care and planning, to date the Company has successfully maintained operations; however, there can be no assurance that this will continue despite the Company’s best efforts, with the emergence of new, highly contagious variants such as Omicron. To date, the Company has been impacted by this most recent variant outbreak, with employees at both operations and corporate office becoming infected, which may negatively impact our ability to maintain projected timelines and objectives. Consequently, the Company’s actual future production and production guidance is subject to higher levels of risk than usual. The Company is continuing to monitor the situation closely and will provide updates as they become available.

ABOUT WESDOME
Wesdome is Canadian focused with two producing underground gold mines. The Company’s goal is to build Canada’s next intermediate gold producer, producing over 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 95,000 – 105,000 ounces per year. The Company is currently milling the final stockpile of ore from the Mishi Pit with 1,000 – 2,000 ounces expected. The recently re-started Kiena Complex in Val d’or, Quebec is a fully permitted underground mine and milling operation and the Kiena Mine is expected to produce 64,000 – 73,000 ounces in 2022. On a combined basis, 2022 guidance is 160,000 ounces – 180,000 ounces. Wesdome is actively exploring underground and on surface within the mine areas and more regionally at the Eagle River and Kiena Complex. 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 142.5 million shares issued and outstanding and trades on the Toronto Stock Exchange under the symbol “WDO,” with a secondary listing on the OTCQX under the symbol “WDOFF.

For further information, please contact:
Duncan Middlemiss	or	Lindsay Carpenter Dunlop
President and CEO		VP Investor Relations
416-360-3743 ext. 2029		416-360-3743 ext. 2025
duncan.middlemiss@wesdome.com		lindsay.dunlop@wesdome.com
220 Bay St, Suite 1200
Toronto, ON, M5J 2W4
Toll Free: 1-866-4-WDO-TSX
Phone: 416-360-3743, Fax: 416-360-7620
Website: www.wesdome.com

This news release contains “forward-looking information” which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management’s estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. The Company has included in this news release certain non-IFRS performance measures, including, but not limited to, mine operating profit, mining and processing costs and cash costs. Cash costs per ounce reflect actual mine operating costs incurred during the fiscal period divided by the number of ounces produced. These measures are not defined under IFRS and therefore should not be considered in isolation or as an alternative to or more meaningful than, net income (loss) or cash flow from operating activities as determined in accordance with IFRS as an indicator of our financial performance or liquidity. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company's performance and ability to generate cash flow

Table 1: Kiena Complex Underground Drilling Assay and Composite Results

Composites

Hole No.	From (m)	To (m)	Core Length (m)	Estimated True width (m)	Grade (g/t Au)	Cut Grade (90 g/t Au)	Name Zone
6752W10	663.5	675.9	12.4	3.5	6.18	6.18	A Zone
6796W3	238.0	274.0	36.0	6.8	4.84	4.84	A Zone
6796W6	65.0	75.5	10.5	4.0	43.84	19.37	A Zone
6819W2	199.0	205.3	6.3	3.0	22.42	15.36	A Zone
6819W3	253.4	260.4	7.0	3.2	10.81	10.81	A Zone
6829	740.8	745.1	4.3	2.5	7.11	7.11	A Zone
6829W1	159.3	164.0	4.7	2.6	51.43	16.54	A Zone
6829W2	190.1	194.3	4.2	2.5	17.80	17.80	A Zone
6796W4	145.2	193.2	48.0	5.0	18.70	9.02	A1 Zone
6796W5	38.8	75.9	37.1	5.0	3.82	3.82	A1 Zone
6796W6	94.0	144.7	50.7	5.5	92.11	23.27	A1 Zone
6796W4	197.2	203.2	6.0	3.0	90.81	36.31	A2 Zone
6796W5	87.3	114.7	27.4	3.5	7.76	7.36	A2 Zone
6796W5	123	129.0	6.0	3.0	7.31	7.31	FWZ_1
6796W5	139.0	153.9	14.9	4.5	4.05	4.05	FWZ_2
6752W10	748.9	832.1	83.2		13.94	9.94	new
Including	748.8	770.5	21.7		44.85	26.37	new
6820	812.4	816.6	4.2		29.89	13.75	new

Assays

Hole No.	From (m)	To (m)	Core Length (m)	Grade (g/t Au)	Cut Grade (90 g/t Au)	Name Zone
6752W10	663.5	665	1.5	4.65	4.65	A Zone
6752W10	665.0	666.5	1.5	0.18	0.18	A Zone
6752W10	666.5	667.5	1.0	0.04	0.04	A Zone
6752W10	667.5	668.5	1.0	0.13	0.13	A Zone
6752W10	668.5	669.4	0.9	0.12	0.12	A Zone
6752W10	669.4	670.4	1.0	20.20	34.70	A Zone
6752W10	670.4	671.4	1.0	0.94	0.94	A Zone
6752W10	671.4	672.4	1.0	21.10	14.30	A Zone
6752W10	672.4	673.4	1.0	6.03	6.03	A Zone
6752W10	673.4	674.1	0.7	0.56	0.56	A Zone
6752W10	674.1	674.9	0.8	0.94	0.94	A Zone
6752W10	674.9	675.9	1.0	11.95	11.95	A Zone
6752W10	748.9	749.9	1.0	28.30	28.30	?
6752W10	749.9	751.2	1.3	0.62	0.62	?
6752W10	751.2	752.4	1.2	14.60	14.60	?
6752W10	752.4	753.4	1.0	0.99	0.99	?
6752W10	753.4	754.3	0.9	0.66	0.66	?
6752W10	754.3	755.4	1.1	0.50	0.50	?
6752W10	755.4	756.7	1.3	2.34	2.34	?
6752W10	756.7	758.0	1.3	1.80	1.80	?
6752W10	758.0	759.0	1.0	4.15	4.15	?
6752W10	759.0	760.0	1.0	6.87	6.87	?
6752W10	760.0	761.0	1.0	2.14	2.14	?
6752W10	761.0	762.0	1.0	1.57	1.57	?
6752W10	762.0	763.0	1.0	90.60	90.00	?
6752W10	763.0	764.0	1.0	295.00	90.00	?
6752W10	764.0	765.0	1.0	192.00	90.00	?
6752W10	765.0	766.0	1.0	30.90	30.90	?
6752W10	766.0	766.8	0.8	3.22	3.22	?
6752W10	766.8	767.5	0.7	155.00	90.00	?
6752W10	767.5	768.5	1.0	136.00	90.00	?
6752W10	768.5	769.5	1.0	25.20	25.20	?
6752W10	769.5	770.5	1.0	19.05	19.05	?
6752W10	770.5	771.1	0.6	1.54	1.54	?
6752W10	771.1	772.6	1.5	0.71	0.71	?
6752W10	772.6	773.3	0.7	2.10	2.10	?
6752W10	773.3	774.3	1.0	0.27	0.27	?
6752W10	774.3	775.3	1.0	1.27	1.27	?
6752W10	775.3	776.4	1.1	11.25	11.25	?
6752W10	776.4	777.4	1.0	4.01	4.01	?
6752W10	777.4	778.9	1.5	2.26	2.26	?
6752W10	778.9	779.9	1.0	1.08	1.08	?
6752W10	779.9	780.9	1.0	4.81	4.81	?
6752W10	780.9	781.9	1.0	2.48	2.48	?
6752W10	781.9	782.9	1.0	5.13	5.13	?
6752W10	782.9	784.3	1.4	1.88	1.88	?
6752W10	784.3	785.8	1.5	13.70	13.70	?
6752W10	785.8	786.7	0.9	1.03	1.03	?
6752W10	786.7	788.1	1.4	3.23	3.23	?
6752W10	788.1	788.9	0.8	2.23	2.23	?
6752W10	788.9	789.9	1.0	2.33	2.33	?
6752W10	789.9	790.9	1.0	1.31	1.31	?
6752W10	790.9	791.9	1.0	2.13	2.13	?
6752W10	791.9	792.9	1.0	0.11	0.11	?
6752W10	792.9	793.9	1.0	3.67	3.67	?
6752W10	793.9	795.3	1.4	0.70	0.70	?
6752W10	795.3	796.8	1.5	0.22	0.22	?
6752W10	796.8	797.9	1.1	4.69	4.69	?
6752W10	797.9	799.0	1.1	2.84	2.84	?
6752W10	799.0	800.0	1.0	1.14	1.14	?
6752W10	800.0	801.0	1.0	11.75	11.75	?
6752W10	801.0	802.0	1.0	9.86	9.86	?
6752W10	802.0	803.0	1.0	3.87	3.87	?
6752W10	803.0	804.0	1.0	6.00	6.00	?
6752W10	804.0	805.5	1.5	1.68	1.68	?
6752W10	805.5	807.0	1.5	1.24	1.24	?
6752W10	807.0	808.5	1.5	0.73	0.73	?
6752W10	808.5	809.5	1.0	5.78	5.78	?
6752W10	809.5	810.5	1.0	2.84	2.84	?
6752W10	810.5	811.5	1.0	8.11	8.11	?
6752W10	811.5	812.5	1.0	3.38	3.38	?
6752W10	812.5	813.5	1.0	2.81	2.81	?
6752W10	813.5	815.0	1.5	2.28	2.28	?
6752W10	815.0	816.0	1.0	0.67	0.67	?
6752W10	816.0	817.0	1.0	5.69	5.69	?
6752W10	817.0	818.0	1.0	20.10	20.10	?
6752W10	818.0	819.0	1.0	4.27	4.27	?
6752W10	819.0	820.0	1.0	6.74	6.74	?
6752W10	820.0	821.0	1.0	8.48	8.48	?
6752W10	821.0	822.0	1.0	6.85	6.85	?
6752W10	822.0	823.0	1.0	15.65	15.65	?
6752W10	823.0	824.0	1.0	19.25	19.25	?
6752W10	824.0	825.5	1.5	4.95	4.95	?
6752W10	825.5	827.0	1.5	5.09	5.09	?
6752W10	827.0	828.5	1.5	0.70	0.70	?
6752W10	828.5	830.0	1.5	0.79	0.79	?
6752W10	830.0	831.0	1.0	0.05	0.05	?
6752W10	831.0	832.1	1.1	7.96	7.96	?
6796W3	238.0	239.5	1.5	2.43	2.43	A Zone
6796W3	239.5	240.6	1.1	0.15	0.15	A Zone
6796W3	240.6	241.7	1.1	0.31	0.31	A Zone
6796W3	241.7	242.8	1.1	1.27	1.27	A Zone
6796W3	242.8	244.0	1.2	0.11	0.11	A Zone
6796W3	244.0	245.0	1.0	0.67	0.67	A Zone
6796W3	245.0	246.0	1.0	0.64	0.64	A Zone
6796W3	246.0	247.0	1.0	27.90	27.90	A Zone
6796W3	247.0	248.0	1.0	5.36	5.36	A Zone
6796W3	248.0	249.0	1.0	1.41	1.41	A Zone
6796W3	249.0	250.0	1.0	0.08	0.08	A Zone
6796W3	250.0	251.5	1.5	15.05	15.05	A Zone
6796W3	251.5	252.5	1.0	26.20	26.20	A Zone
6796W3	252.5	253.5	1.0	16.50	16.50	A Zone
6796W3	253.5	254.5	1.0	7.10	7.10	A Zone
6796W3	254.5	255.5	1.0	2.63	2.63	A Zone
6796W3	255.5	256.5	1.0	0.34	0.34	A Zone
6796W3	256.5	257.5	1.0	0.24	0.24	A Zone
6796W3	257.5	258.5	1.0	0.63	0.63	A Zone
6796W3	258.5	259.5	1.0	2.63	2.63	A Zone
6796W3	259.5	260.5	1.0	7.01	7.01	A Zone
6796W3	260.5	261.4	0.9	5.48	5.48	A Zone
6796W3	261.4	262.3	0.9	8.63	8.63	A Zone
6796W3	262.3	263.5	1.2	5.93	5.93	A Zone
6796W3	263.5	264.5	1.0	4.76	4.76	A Zone
6796W3	264.5	265.5	1.0	1.22	1.22	A Zone
6796W3	265.5	266.5	1.0	0.24	0.24	A Zone
6796W3	266.5	268.0	1.5	9.25	9.25	A Zone
6796W3	268.0	269.5	1.5	0.84	0.84	A Zone
6796W3	269.5	271.0	1.5	0.33	0.33	A Zone
6796W3	271.0	272.5	1.5	1.70	1.70	A Zone
6796W3	272.5	274.0	1.5	1.62	1.62	A Zone
6796W4	145.2	146.2	1.0	3.28	3.28	A1 Zone
6796W4	146.2	147.2	1.0	0.15	0.15	A1 Zone
6796W4	147.2	148.2	1.0	0.65	0.65	A1 Zone
6796W4	148.2	149.2	1.0	0.08	0.08	A1 Zone
6796W4	149.2	150.2	1.0	31.90	31.90	A1 Zone
6796W4	150.2	151.2	1.0	7.26	7.26	A1 Zone
6796W4	151.2	152.2	1.0	2.94	2.94	A1 Zone
6796W4	152.2	153.2	1.0	3.74	3.74	A1 Zone
6796W4	153.2	154.2	1.0	1.51	1.51	A1 Zone
6796W4	154.2	155.2	1.0	1.47	1.47	A1 Zone
6796W4	155.2	156.2	1.0	2.39	2.39	A1 Zone
6796W4	156.2	157.2	1.0	2.79	2.79	A1 Zone
6796W4	157.2	158.2	1.0	5.29	5.29	A1 Zone
6796W4	158.2	158.8	0.6	0.86	0.86	A1 Zone
6796W4	158.8	159.8	1.0	0.22	0.22	A1 Zone
6796W4	159.8	160.8	1.0	0.09	0.09	A1 Zone
6796W4	160.8	161.8	1.0	3.55	3.55	A1 Zone
6796W4	161.8	162.8	1.0	2.04	2.04	A1 Zone
6796W4	162.8	163.6	0.8	4.52	4.52	A1 Zone
6796W4	163.6	164.6	1.0	34.80	34.80	A1 Zone
6796W4	164.6	165.3	0.7	26.20	26.20	A1 Zone
6796W4	165.3	166.6	1.3	0.04	0.04	A1 Zone
6796W4	166.6	167.6	1.0	0.50	0.50	A1 Zone
6796W4	167.6	168.6	1.0	0.15	0.15	A1 Zone
6796W4	168.6	169.6	1.0	46.70	46.70	A1 Zone
6796W4	169.6	170.6	1.0	16.35	16.35	A1 Zone
6796W4	170.6	171.6	1.0	3.47	3.47	A1 Zone
6796W4	171.6	172.7	1.1	29.30	29.30	A1 Zone
6796W4	172.7	173.7	1.0	4.17	4.17	A1 Zone
6796W4	173.7	174.7	1.0	3.29	3.29	A1 Zone
6796W4	174.7	175.5	0.8	0.16	0.16	A1 Zone
6796W4	175.5	176.3	0.8	0.86	0.86	A1 Zone
6796W4	176.3	176.8	0.5	3.57	3.57	A1 Zone
6796W4	176.8	177.8	1.0	7.93	7.93	A1 Zone
6796W4	177.8	178.8	1.0	16.95	16.95	A1 Zone
6796W4	178.8	179.5	0.7	2.02	2.02	A1 Zone
6796W4	179.5	180.3	0.8	2.08	2.08	A1 Zone
6796W4	180.3	181.1	0.8	8.61	8.61	A1 Zone
6796W4	181.1	181.7	0.6	1.16	1.16	A1 Zone
6796W4	181.7	183.2	1.5	2.88	2.88	A1 Zone
6796W4	183.2	184.2	1.0	1.60	1.60	A1 Zone
6796W4	184.2	185.2	1.0	4.26	4.26	A1 Zone
6796W4	185.2	186.2	1.0	555.00	90.00	A1 Zone
6796W4	186.2	187.2	1.0	20.20	20.20	A1 Zone
6796W4	187.2	188.2	1.0	7.33	7.33	A1 Zone
6796W4	188.2	189.2	1.0	6.81	6.81	A1 Zone
6796W4	189.2	190.2	1.0	4.08	4.08	A1 Zone
6796W4	190.2	191.2	1.0	1.11	1.11	A1 Zone
6796W4	191.2	192.2	1.0	1.69	1.69	A1 Zone
6796W4	192.2	193.2	1.0	19.70	19.70	A1 Zone
6796W4	197.2	198.2	1.0	8.51	8.51	A2 Zone
6796W4	198.2	199.2	1.0	0.95	0.95	A2 Zone
6796W4	199.2	200.2	1.0	276.00	90.00	A2 Zone
6796W4	200.2	201.2	1.0	231.00	90.00	A2 Zone
6796W4	201.2	202.2	1.0	27.90	27.90	A2 Zone
6796W4	202.2	203.2	1.0	0.51	0.51	A2 Zone
6796W5	38.8	39.8	1.0	16.70	16.70	A1 Zone
6796W5	39.8	40.8	1.0	11.90	11.90	A1 Zone
6796W5	40.8	41.8	1.0	0.92	0.92	A1 Zone
6796W5	41.8	42.8	1.0	1.56	1.56	A1 Zone
6796W5	42.8	43.6	0.8	0.95	0.95	A1 Zone
6796W5	43.6	45.1	1.5	0.04	0.04	A1 Zone
6796W5	45.1	46.6	1.5	0.10	0.10	A1 Zone
6796W5	46.6	48.1	1.5	0.06	0.06	A1 Zone
6796W5	48.1	49.6	1.5	0.04	0.04	A1 Zone
6796W5	49.6	51.1	1.5	0.11	0.11	A1 Zone
6796W5	51.1	52.6	1.5	0.03	0.03	A1 Zone
6796W5	52.6	54.1	1.5	0.21	0.21	A1 Zone
6796W5	54.1	55.4	1.3	0.19	0.19	A1 Zone
6796W5	55.4	56.7	1.3	3.11	3.11	A1 Zone
6796W5	56.7	57.7	1.0	2.52	2.52	A1 Zone
6796W5	57.7	58.7	1.0	3.11	3.11	A1 Zone
6796W5	58.7	59.7	1.0	1.04	1.04	A1 Zone
6796W5	59.7	60.4	0.7	1.54	1.54	A1 Zone
6796W5	60.4	61.3	0.9	34.10	34.10	A1 Zone
6796W5	61.3	62.7	1.4	0.33	0.33	A1 Zone
6796W5	62.7	63.7	1.0	0.77	0.77	A1 Zone
6796W5	63.7	65.2	1.5	3.48	3.48	A1 Zone
6796W5	65.2	66.7	1.5	2.76	2.76	A1 Zone
6796W5	66.7	67.8	1.1	0.05	0.05	A1 Zone
6796W5	67.8	68.9	1.1	0.13	0.13	A1 Zone
6796W5	68.9	69.7	0.8	52.00	52.00	A1 Zone
6796W5	69.7	70.5	0.8	5.58	5.58	A1 Zone
6796W5	70.5	71.4	0.9	0.94	0.94	A1 Zone
6796W5	71.4	72.9	1.5	2.11	2.11	A1 Zone
6796W5	72.9	74.4	1.5	2.41	2.41	A1 Zone
6796W5	74.4	75.9	1.5	1.25	1.25	A1 Zone
6796W5	87.3	88.8	1.5	2.40	2.40	A2 Zone
6796W5	88.8	89.9	1.1	18.55	18.55	A2 Zone
6796W5	89.9	90.9	1.0	2.64	2.64	A2 Zone
6796W5	90.9	92.1	1.2	9.52	9.52	A2 Zone
6796W5	92.1	93.3	1.2	0.26	0.26	A2 Zone
6796W5	93.3	94.5	1.2	4.99	4.99	A2 Zone
6796W5	94.5	96.0	1.5	2.00	2.00	A2 Zone
6796W5	96.0	97.0	1.0	3.81	3.81	A2 Zone
6796W5	97.0	98.0	1.0	1.66	1.66	A2 Zone
6796W5	98.0	99.0	1.0	2.98	2.98	A2 Zone
6796W5	99.0	100.0	1.0	2.79	2.79	A2 Zone
6796W5	100.0	100.7	0.7	0.30	0.30	A2 Zone
6796W5	100.7	101.4	0.7	1.50	1.50	A2 Zone
6796W5	101.4	102.4	1.0	1.14	1.14	A2 Zone
6796W5	102.4	103.9	1.5	1.18	1.18	A2 Zone
6796W5	103.9	104.9	1.0	0.66	0.66	A2 Zone
6796W5	104.9	105.9	1.0	1.90	1.90	A2 Zone
6796W5	105.9	106.9	1.0	4.34	4.34	A2 Zone
6796W5	106.9	107.9	1.0	0.62	0.62	A2 Zone
6796W5	107.9	109.0	1.1	47.80	47.80	A2 Zone
6796W5	109.0	109.6	0.6	108.00	90.00	A2 Zone
6796W5	109.6	110.2	0.6	30.90	30.90	A2 Zone
6796W5	110.2	111.2	1.0	1.12	1.12	A2 Zone
6796W5	111.2	112.2	1.0	1.54	1.54	A2 Zone
6796W5	112.2	113.2	1.0	1.98	1.98	A2 Zone
6796W5	113.2	114.7	1.5	1.10	1.10	A2 Zone
6796W5	123.0	124.0	1.0	8.97	8.97	FWZ_1
6796W5	124.0	125.0	1.0	0.52	0.52	FWZ_1
6796W5	125.0	126.0	1.0	0.09	0.09	FWZ_1
6796W5	126.0	127.0	1.0	0.19	0.19	FWZ_1
6796W5	127.0	128.0	1.0	7.88	7.88	FWZ_1
6796W5	128.0	129.0	1.0	26.20	26.20	FWZ_1
6796W5	139.0	140.0	1.0	5.08	5.08	FWZ_2
6796W5	140.0	141.0	1.0	0.44	0.44	FWZ_2
6796W5	141.0	142.0	1.0	0.46	0.46	FWZ_2
6796W5	142.0	143.0	1.0	0.57	0.57	FWZ_2
6796W5	143.0	144.0	1.0	8.65	8.65	FWZ_2
6796W5	144.0	144.9	0.9	0.78	0.78	FWZ_2
6796W5	144.9	145.8	0.9	1.10	1.10	FWZ_2
6796W5	145.8	146.9	1.1	0.64	0.64	FWZ_2
6796W5	146.9	147.9	1.0	1.16	1.16	FWZ_2
6796W5	147.9	148.9	1.0	2.84	2.84	FWZ_2
6796W5	148.9	149.9	1.0	1.90	1.90	FWZ_2
6796W5	149.9	150.9	1.0	3.97	3.97	FWZ_2
6796W5	150.9	151.9	1.0	6.38	6.38	FWZ_2
6796W5	151.9	152.9	1.0	5.74	5.74	FWZ_2
6796W5	152.9	153.9	1.0	20.80	20.80	FWZ_2
6796W6	65.0	66.0	1.0	3.30	3.30	A Zone
6796W6	66.0	67.0	1.0	8.59	8.59	A Zone
6796W6	67.0	68.0	1.0	7.16	7.16	A Zone
6796W6	68.0	69.0	1.0	73.70	73.70	A Zone
6796W6	69.0	69.8	0.8	0.53	0.53	A Zone
6796W6	69.8	70.8	1.0	8.24	8.24	A Zone
6796W6	70.8	71.8	1.0	347.00	90.00	A Zone
6796W6	71.8	72.8	1.0	0.19	0.19	A Zone
6796W6	72.8	74.0	1.2	4.98	4.98	A Zone
6796W6	74.0	75.5	1.5	3.86	3.86	A Zone
6796W6	94.0	95.0	1.0	4.80	4.80	A1 Zone
6796W6	95.0	96.0	1.0	0.38	0.38	A1 Zone
6796W6	96.0	97.0	1.0	5.74	5.74	A1 Zone
6796W6	97.0	98.0	1.0	0.34	0.34	A1 Zone
6796W6	98.0	99.0	1.0	4.16	4.16	A1 Zone
6796W6	99.0	100.0	1.0	695.00	90.00	A1 Zone
6796W6	100.0	101.0	1.0	678.00	90.00	A1 Zone
6796W6	101.0	102.0	1.0	13.70	13.70	A1 Zone
6796W6	102.0	103.0	1.0	7.42	7.42	A1 Zone
6796W6	103.0	103.9	0.9	8.59	8.59	A1 Zone
6796W6	103.9	104.9	1.0	28.70	28.70	A1 Zone
6796W6	104.9	105.9	1.0	1.41	1.41	A1 Zone
6796W6	105.9	106.9	1.0	56.00	56.00	A1 Zone
6796W6	106.9	107.9	1.0	1330.00	90.00	A1 Zone
6796W6	107.9	108.9	1.0	357.00	90.00	A1 Zone
6796W6	108.9	109.9	1.0	47.80	47.80	A1 Zone
6796W6	109.9	110.9	1.0	74.20	74.20	A1 Zone
6796W6	110.9	111.9	1.0	179.00	90.00	A1 Zone
6796W6	111.9	112.9	1.0	59.50	59.50	A1 Zone
6796W6	112.9	113.9	1.0	17.95	17.95	A1 Zone
6796W6	113.9	114.9	1.0	54.10	54.10	A1 Zone
6796W6	114.9	115.9	1.0	451.00	90.00	A1 Zone
6796W6	115.9	116.9	1.0	390.00	90.00	A1 Zone
6796W6	116.9	117.8	0.9	3.50	3.50	A1 Zone
6796W6	117.8	119.3	1.5	0.15	0.15	A1 Zone
6796W6	119.3	120.8	1.5	0.04	0.04	A1 Zone
6796W6	120.8	122.3	1.5	0.40	0.40	A1 Zone
6796W6	122.3	123.8	1.5	0.03	0.03	A1 Zone
6796W6	123.8	124.9	1.1	0.14	0.14	A1 Zone
6796W6	124.9	126.0	1.1	1.20	1.20	A1 Zone
6796W6	126.0	127.0	1.0	1.21	1.21	A1 Zone
6796W6	127.0	128.0	1.0	27.10	27.10	A1 Zone
6796W6	128.0	129.0	1.0	130.50	90.00	A1 Zone
6796W6	129.0	130.0	1.0	16.85	16.85	A1 Zone
6796W6	130.0	131.0	1.0	0.31	0.31	A1 Zone
6796W6	131.0	132.5	1.5	0.19	0.19	A1 Zone
6796W6	132.5	134.0	1.5	0.60	0.60	A1 Zone
6796W6	134.0	135.5	1.5	0.04	0.04	A1 Zone
6796W6	135.5	137.0	1.5	0.05	0.05	A1 Zone
6796W6	137.0	138.5	1.5	0.19	0.19	A1 Zone
6796W6	138.5	140.0	1.5	0.13	0.13	A1 Zone
6796W6	140.0	141.5	1.5	0.15	0.15	A1 Zone
6796W6	141.5	142.5	1.0	0.37	0.37	A1 Zone
6796W6	142.5	143.7	1.2	1.87	1.87	A1 Zone
6796W6	143.7	144.7	1.0	20.00	20.00	A1 Zone
6819W2	199.0	200.5	1.5	2.74	2.74	A Zone
6819W2	200.5	202.0	1.5	0.79	0.79	A Zone
6819W2	202.0	203.0	1.0	0.96	0.96	A Zone
6819W2	203.0	204.3	1.3	0.38	0.38	A Zone
6819W2	204.3	205.3	1.0	134.50	90.00	A Zone
6819W3	253.4	254.4	1.0	25.90	25.90	A Zone
6819W3	254.4	255.4	1.0	0.22	0.22	A Zone
6819W3	255.4	256.2	0.8	0.03	0.03	A Zone
6819W3	256.2	257.5	1.3	36.80	36.80	A Zone
6819W3	257.5	258.9	1.4	0.55	0.55	A Zone
6819W3	258.9	260.4	1.5	0.62	0.62	A Zone
6820	812.4	813.4	1.0	2.12	2.12	?
6820	813.4	814.4	1.0	0.80	0.80	?
6820	814.4	815.4	1.0	0.79	0.79	?
6820	815.4	816.0	0.6	0.04	0.04	?
6820	816.0	816.6	0.6	197.00	90.00	?
6829	740.8	741.8	1.0	0.47	0.47	A Zone
6829	741.8	742.6	0.8	0.21	0.21	A Zone
6829	742.6	743.3	0.7	38.90	38.90	A Zone
6829	743.3	743.9	0.6	1.26	1.26	A Zone
6829	743.9	745.1	1.2	1.64	1.64	A Zone
6829W1	159.3	160.1	0.8	0.47	0.47	A Zone
6829W1	160.1	161.2	1.1	0.21	0.21	A Zone
6829W1	161.2	162.6	1.4	38.90	38.90	A Zone
6829W1	162.6	164.0	1.4	1.26	1.26	A Zone
6829W2	190.1	191.1	1.0	11.05	11.05	A Zone
6829W2	191.1	191.9	0.8	0.31	0.31	A Zone
6829W2	191.9	192.8	0.9	70.20	70.20	A Zone
6829W2	192.8	194.3	1.5	0.20	0.20	A Zone

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/0fed6516-956f-46c2-a3a9-7276f9908abb

https://www.globenewswire.com/NewsRoom/AttachmentNg/495c2900-6eae-4058-9944-32ddf4711433

PDF available: http://ml.globenewswire.com/Resource/Download/1557a84b-51ff-45b1-9ef1-046a2233a1eb

FAQ

What are the recent drilling results for Wesdome Gold Mines (WDOFF)?

Recently, Wesdome Gold Mines reported high-grade drilling results from the Kiena Mine, including 92.1 g/t Au over 50.7 m.

How much is Wesdome investing in exploration for 2022?

Wesdome plans to invest $17.7 million in exploration activities for the year 2022.

What challenges could affect production at Wesdome Gold Mines?

COVID-19 related issues may impact production timelines and operational objectives.

Where is the Kiena Mine Complex located?

The Kiena Mine Complex is located in Val d'Or, Quebec.

What does the discovery of new mineralization mean for Wesdome Gold Mines (WDOFF)?

The discovery could significantly increase the resource base and project economics for Wesdome.