Wesdome Gold Mines Inc
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ACQUISITION: Australia’s St Barbara to acquire Atlantic Gold
Australian gold producer St Barbara (ASX: SBM) is acquiring 100% of Canadian gold producer Atlantic Gold (TSXV: AGB) in a deal valued at $802 million. St Barbara’s offer represents a 41.1% premium to Atlantic’s closing share price on May 14 and a 40.8% premium…
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MINING PEOPLE: Victory Metals, Haver and Boecker, Tower Resources, Trevali Mining, Wesdome
Jeffery Woods is the new chief metallurgist at Victory Metals in Vancouver. He has a strong background in metallurgical and mineral processing testing and process flowsheet development. Woods has also developed several proprietary metallurgical processes. He was VP of metallurgy…
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GOLD: Wesdome discovers new Falcon zone at Eagle River mine
ONTARIO – Drilling 100 metres to the west of the diorite that hosts Wesdome Gold Mines’ Eagle River mine in Ontario has encountered a new discovery zone called Falcon, the company reports. Surface exploration drilling returned 73.5 g/t gold over 1.3…
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GOLD: Wesdome confirms parallel zones at Eagle River mine
ONTARIO – Toronto-based Wesdome Gold Mines updated the results of underground drifting and drilling at its wholly owned Eagle River gold mine 50 km west of Wawa. The goal is increase the mining rate to match the mill capacity of…
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GOLD: Wesdome deep drilling at Kiena extends Deep A zone
QUEBEC – Toronto’s Wesdome Gold Mines is enjoying continued success as it chalks up more high grades from its exploration drilling program at the Kiena gold mine in Val d’Or. Focused on the Deep A zone, recent work has extended…
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GOLD: Wesdome upgrades Kiena resources, extends Deep A zone along plunge
QUEBEC – Wesdome Gold Mines of Toronto has circulated an interim mineral resource for its 100% owned Kiena mine complex in Val d’Or. The estimate is based on drilling completed to Oct. 12, 2018. Since then, the Deep A zone…
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GOLD: Wesdome extends Eagle River zone 7 at depth
ONTARIO – Toronto-based Wesdome Gold Mines says drifting and drilling the 7 zone at the Eagle River mine has resulted in longer than average strike lengths and extended the zone at depth. The underground mine is located about 50 km …
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GOLD: Wesdome begins development of new 300E zone at Eagle River mine
ONTARIO – Toronto-based Wesdome Gold Mines has decided to begin development of the 300E zone at its Eagle River gold mine near Wawa. To date, diamond drilling has traced the structure from 750 to 1,000 metres below surface, and it…
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GOLD: Wesdome drills wide, high grade intersections at Eagle River
ONTARIO – Wesdome Gold Mines of Toronto recently announced underground drilling results from the 300E zone (303 lens) at its Eagle River gold mine near Wawa. So far drilling has identified at least three steeply plunging pipe-like bodies between depths…
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WRAP UP: Miners offer production and cost guidance
This is the time of year that many mining companies release their preliminary 2016 production numbers and guidance for 2017. Cameco Corp. of Saskatoon, SK, said it delivered 13.5 million lb of uranium at an average realized price of US$54.46/lb…
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High Gold Grades Give New Hope for Closed Kiena Mine
Work by Wesdome Gold Mines holds promise.
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GOLD: Wesdome closes $17M bought deal
ONTARIO – Toronto-based Wesdome Gold Mines has closed a $17.27-million bought deal public offering of shares. The original offer was to raise $15 million, but when the over-allotment was exercised, a total of 10.5 million shares were sold at a…
