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The latest announcement is out from Wesdome Gold Mines ( (TSE:WDO) ).
Wesdome Gold Mines Ltd. announced significant progress in its exploration activities at the Eagle River Mine for 2024. The company has completed over 105,000 meters of drilling, resulting in the extension of key zones and the identification of new targets. Notably, the 6 Central Zone has been expanded by 70%, and the 300 Zone continues to show high-grade mineralization. These developments enhance the company’s resource base and potential mining fronts. Additionally, an induced polarization survey has revealed further mineralization prospects, supporting the mine’s long-term potential. Wesdome is committed to continuing its exploration efforts in 2025, with a planned $13 million program aimed at further increasing resource conversion potential and exploring new areas.
More about Wesdome Gold Mines
Wesdome Gold Mines Ltd. operates in the mining industry, focusing on exploration and extraction of gold deposits. The company is known for its Eagle River Mine, a high-grade gold mining operation located in Ontario, Canada.
YTD Price Performance: 0.15%
Average Trading Volume: 403,025
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$2.02B
See more data about WDO stock on TipRanks’ Stock Analysis page.
