VAL D’OR, Quebec WESDOME GOLD MINES of Toronto has completed the $3-million purchase of the Kiena gold mine and mill from McWATTERS MINING of Montreal. The purchase included one mining concession and 165 mining claims covering approximately 3,200 ha plus the Kiena mill and related equipment. Wesdome acquired the right to purchase the Kiena complex from its parent, WESTERN QUEBEC MINES.
The Kiena underground mine was developed by a subsidiary of Placer Dome, and production began in 1981. The mine was placed on care-and maintenance in September 2002 due to depletion of reserves. Since then, diamond drilling has been used to estimate an inferred resource of 6.86 million tonnes grading 2.55 g/t Au near the existing mine workings.
For further information contact Wesdome chairman Murray Pollitt at 416-803-2304.