06:49 AM EST, 01/22/2025 (MT Newswires) -- Wesdome Gold Mines ( WDOFF ) , which eased 2.2% yesterday, late on Tuesday provided an update on exploration activities at the Eagle River mine in Ontario, saying the 2024 program delivered high-grade extensions and new targets.

At the 6 Central Zone, increased drilling extended the resource envelope down-plunge by about 70% and identified a parallel zone with strong potential for high-grade mineralization, the company said.

At the 300 Zone, which accounts for the majority of the mine's reserves, drilling has confirmed the continuity of high-grade mineralization and provided geological insights regarding the zone's behavior.

An induced polarization survey completed in late 2024 identified multiple anomalies closely associated with well-known deposits, indicating potential for additional mineralization west of the diorite.

Highlights of the results from the drilling program include 180 grams per tonne (g/t) gold uncapped over 2.4 meters at the 6 Central Zone and 36.4 g/t gold over 4 meters at the 300 Zone.