West Red Lake Gold Expands High-Grade Zone 36.85 g/t Au over 6.9m

West Red Lake Gold Mines (TSX.V: WRLG)

Reported drill results from its 100% owned Madsen Mine located in the Red Lake Gold District.

The drill results are focused on the high-grade South Austin Zone, which currently contains an Indicated mineral resource of 474,600 ounces grading 8.7 grams per tonne gold.

 

 

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West Red Lake Gold Mines

Madsen Mill – Courtesy of West Red Lake Gold Mines

 

 

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West Red Lake Gold TSX.V : WRLG
Stage Production
Metals Gold
Market cap C$307m   @ 89 cents
Location Ontario, Canada
Website www.westredlakegold.com

 

 

 

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West Red Lake Gold Expands High-Grade Zone in South Austin with 36.85 g/t Au over 6.9m, 92.39 g/t Au over 2m and 8.79 g/t Au over 15.5m

 

 

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West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF)is pleased to report drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of North western Ontario, Canada.

The drill results featured in this news release are focused on the high-grade South Austin Zone, which currently contains an Indicated mineral resource of 474,600 ounces grading 8.7 grams per tonne gold , with an additional Inferred resource of 31,800 oz grading 8.7 g/t Au.

These results further expand on the high-grade panel of gold mineralization within South Austin, which has been a key focus of definition drilling in 2025.

The results highlighted from drill bay 09-4300 have increased confidence in the eastern portion of the lens, while drilling from the1 1-4420 drill station has helped to validate the lens down plunge to the east.

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Shane Williams, President & CEO said;

“The high-grade panel of gold mineralization the team is currently defining and expanding in South Austin has been delivering exceptional grades and thicknesses.

 

“Archaean lode-gold vein systems like Madsen are well known for having pockets of mineralization that are often discrete, very high-grade and require tight-spaced drilling to properly define.

 

“The success we are having in South Austin with the underground definition program underscores the importance of getting the drills deeper in the system and into high priority areas of the deposit so that additional high-grade pockets and lenses can be discovered, drilled off and integrated into the mine plan.”

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To read the full news release, please click HERE

 

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The live Spot gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in West Red Lake Gold Mines.

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To read our full terms and conditions, please click HERE

 



Orla Mining Successful Drilling Program

 Orla Mining (TSX: OLA)

Updated on its exploration activities at Camino Rojo in the first half of 2023.

Infill drilling to reduce drill spacing to 25-30 metres in the Sulphides domain has continued to return high-grade gold intercepts.

 

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Orla Mining Camino Rojo plant

Orla Mining heap leach pad, Solution pond, and Merrill-Crowe plant

 

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Orla Mining TSX : OLA
Stage Development
Metals Gold
Market cap C$1.85 billion   @ C$6.24
Location Zacatecas, Mexico + Nevada + Panama

 

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Orla Mining Provides Update On Successful Drilling Program In Mexico

 

3.26 g/t Au over 56.9 m (Camino Rojo Sulphide Zone), 5.90 g/t AuEq over 8.5 m (Camino Rojo Deep Extension), and 61.2 g/t over 1.3 m (Regional Exploration)

 

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Orla Mining (TSX: OLA) updated on its exploration activities at Camino Rojo in the first half of 2023.

Infill drilling to reduce drill spacing to 25-30 metres in the Sulphides domain has continued to return high-grade gold intercepts.

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2023 Exploration Highlights: Camino Rojo (Mexico)

Camino Rojo Sulphides (“Sulphides”): Infill drilling to reduce drill spacing to 25-30 metres in the Sulphides domain has continued to return high-grade gold intercepts (>2 g/t) over wide widths (>30 m). Notable results include:

Camino Rojo Sulphides
Hole CRSX22-11: 2.87 g/t Au over 93.0 mincl. 3.69 g/t Au over 48.5 m
Hole CRSX22-12A: 3.26 g/t Au over 56.9 m
Hole CRSX22-13: 3.11 g/t Au over 34.0 mincl. 10.29 g/t Au over 5.6 m
Hole CRSX22-13: 2.12 g/t Au over 43.0mincl. 2.78 g/t Au over 26.0 m
Hole CRSX23-14: 2.00 g/t Au over 38.5 m
Hole CRSX23-14A: 1.89 g/t Au over 63.0 mincl. 2.75 g/t Au over 31.5 m
Hole CRSX23-16A: 1.62 g/t Au over 62.6 mincl. 7.72 g/t Au over 6.0 m
Hole CRSX23-17A 3.18 g/t Au over 24.5 m
Hole CRSX23-17A 4.18 g/t Au over 12.0 mincl. 23.7 g/t Au over 1.5m
Hole CRSX23-17C: 3.16 g/t Au over 29.0 m
Hole CRSX23-17C: 3.05 g/t Au over 42.0 m

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Camino Rojo Deep Extension (“Deep Extension”): A new style of polymetallic (Au-Ag-Zn) semi-massive to massive sulphide mineralization has been confirmed in drill holes testing below the Caracol Formation hosted Sulphides. These deeper intercepts indicate mineralization remains open at depth along and adjacent to interpreted feeder-like structures for the currently defined Camino Rojo deposit. Notable results include1:

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Camino Rojo Sulphides Deep Extension
Hole CRSX23-15C: 5.90 g/t AuEq over 8.5 m (3.52 g/t Au, 26.2 g/t Ag, 3.64% Zn, 0.26% Cu)
Hole CRSX23-15C: 7.28 g/t AuEq over 3.3 m (4.54 g/t Au, 6.7 g/t Ag, 5.49% Zn, 0.06% Cu),
incl. 8.00 g/t Au, 7.6g/t Ag, 12.5% Zn, 0.11% Cu over 1.2m)
Hole CRSX23-15C: 17.6 g/t AuEq over 1.5 m (15.4 g/t Au, 6.7 g/t Ag, 4.39% Zn, 0.04% Cu)

Regional Exploration: Follow-up drilling at the Guanamero target area, located approximately 7 km northeast of the Camino Rojo mine along the mine structural trend, returned encouraging and narrow high-grade gold results with occurrences of visible gold (VG) in two of the seven holes completed. Notable assay results include1:

Camino Rojo Regional Exploration (Guanamero)
Hole CRED23-05: 0.69 g/t Au over 10.5 m incl. 4.02 g/t Au over 1.5 m (visible gold)
Hole CRED23-05: 0.94 g/t Au over 3.3 m incl. 1.08 g/t Au over 1.7 m
Hole CRED23-06: 61.2 g/t Au over 1.3 m (visible gold)
Hole CRED23-06: 2.72 g/t Au over 1.5 m

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Sylvain Guerard, Orla’s Senior Vice President, Exploration stated;

“The 2023 Camino Rojo Sulphides infill and deep extension drill programs continue to generate excellent gold intersections, including massive sulphide replacement style mineralization below the current resource.

 

“These results are exciting as they enhance future development opportunity scenarios and provide resource growth potential at depth.

 

“We have also encountered high-grade gold assays with visible gold, highlighting the prospectivity on our under-explored regional land package.

 

“We are advancing a full exploration pipeline in 2023 in an effort to upgrade and expand reserves and resources and make new discoveries.”

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To read the full news release, please click HERE

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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in Orla Mining

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To read our full terms and conditions, please click HERE

 



Karora Drills 9.5 g/t Over 7.1 m at Western Flanks

Karora Resources (TSX: KRR)

Announced a continuation of significant results from gold exploration and infill drilling at the Beta Hunt Mine.

Karora Resources Drills 9.5 g/t Over 7.1 m at Western Flanks Deeps and Extends Potential Mineralized Strike at New Mason Zone to 700 m.

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Karora Resources

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Karora Resources TSX: KRR
Stage Production + Development + Exploration
Metals Gold + Nickel
Market cap C$960 million @ C$5.55
Location Kalgoorlie, Western Australia

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Karora Resources Drills 9.5 g/t Over 7.1 metres at Western Flanks Deeps and Extends Potential Mineralized Strike at New Mason Zone to 700 metres

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TORONTO, Jan. 23, 2023/CNW/ – Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) (“Karora” or the “Corporation”) is pleased to announce a continuation of significant results from gold exploration and infill drilling at the Beta Hunt Mine:

  • In the Hunt Block, deep framework drilling for the Western Flanks zone continues to substantiate previously reported results which shows the main shear mineralization extends up to 250 metres below the current Mineral Resource and remains open at depth.
  • Initial results from deep drilling of the central section of A Zone also supports the extension of the defined mineralization up to 150 metres below the current Mineral Resource, remaining open at depth.
  • In the Beta Block, drilling targeting the Mason and Cowcill zones delivered results supportive of potential new mining opportunities located west and east of the Larkin Mineral Resource, respectively. New drilling of the southern extension at Mason has highlighted the potential for 700 metres of mineralized strike extent.

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Recent intersection highlights from the ongoing Beta Hunt underground diamond drill program are listed below:

Western Flanks Deeps1

  • WW395-18AE: 9.5 g/t over 7.1 metres
  • WW395-14AE: 3.8 g/t over 6.0 metres

A Zone North & A Zone Deeps Central2

  • WA380-003AE: 6.6 g/t over 9.0 metres
  • AA38ACC-06AR: 5.3 g/t over 6.0 metres

Mason2

  • BM1890-22AE: 3.3g/t over 23.0 metresand 5.4g/t over 11.0 metres
  • BM1890-21AE: 4.4 g/t over 11.0 metres
  • BM1890-24AE: 6.5 g/t over 5.0 metres
  • BLB13-06AE: 9.0 g/t over 3.0 metres

Cowcill2

  • BCB13-03AE: 3.3 g/t over 11.9 metres
  • BC1704-012AE: 4.4 g/t over 4.9 metres
  1. Estimated True Widths
  2. Interval lengths are downhole widths. Estimated true widths cannot be determined with available information.

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Paul Andre Huet, Chairman & CEO, commented:

 

“The new results reported from the Western Flanks deep drilling program continue to be very strong, demonstrating robust results from the southern section of the zone.

 

“These results build on the previously reported strong deep drilling results from the central section of Western Flanks and provide more confidence in the consistency of gold mineralization up to 250 metres below the current Western Flanks gold Mineral Resource which remains open at depth. Results from the southern zone drilling returned strong intersections of 9.5 g/t over 7.1 metres and 3.8 g/t over 6.0 metres.

 

“The third set of results from the new Mason Zone continue to support our interpretation of a significant gold mineralized system parallel to, and west of the Larkin Zone. The new results include intersections of 5.4 g/t over 11.0 metres and 6.5 g/t over 5.0 metres building on the previously reported best-ever Mason intersection of 12.0 g/t over 17.0 metres (see Karora news release dated October 25, 2022).

 

“Having four new holes drilled at Mason returning significant gold mineralization results is very encouraging for the potential of Mason to be a robust new mining opportunity at Beta Hunt south of the Alpha Island Fault.

“Additionally, we reported more strong results from the north and central section of A Zone Deeps and Cowcill shears including 6.6 g/t over 9.0 metres (A Zone Deeps) and 3.3 g/t over 11.9 metres (Cowcill).

 

“The A Zone results support the continuation of the Mineral Resource at depth. At Cowcill, the results support the potential for new gold Mineral Resource parallel and east of the Larkin Mineral Resource.

 

“Overall, the results reported today support the potential for significant ongoing Mineral Resource growth that exists at Beta Hunt, following on from several years of impressive ounce additions at our flagship asset.”

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For brevity, this summary has been redacted, to read the full news release, please click HERE

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.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Karora Resources.

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Karora Drills Highest Grade To-Date at Beta Hunt

Karora Resources Inc. (TSX: KRR)

Announced high-grade drill results from the Larkin Zone as part of its ongoing underground diamond drill program at Beta Hunt.

These included the following intersections:  29.8 g/t over 7.8 metres, 8.7 g/t over 4.0 m, and 4.2 g/t over 6.9 m. 

 

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Karora Resources TSX: KRR
Stage Production + Development + Exploration
Metals Gold + Nickel
Market cap C$467 million @ C$2.75
Location Kalgoorlie, Western Australia

 

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Karora Resources

Gold in drill core from Beta Hunt mine, Western Australia

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Karora Drills Highest Grade Interval To-Date At Beta Hunt’s Larkin Zone Reporting 29.8 G/T Gold Over 7.8 Metres

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TORONTO, July 19, 2022 /CNW/ – Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) (“Karora” or the “Corporation”) is pleased to announce high-grade drill results1 from the Larkin Zone as part of its ongoing underground diamond drill program at Beta Hunt, which includes the following intersections:

  • 29.8 g/t over 7.8 metres (BL1890-03AR)
  • 8.7 g/t over 4.0 metres (BL1890-13AR)
  • 4.2 g/t over 6.9 metres (BL1890-01AR)

1.Interval lengths are estimated true widths

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Results from the drilling program support and extend the mineralization already defined by the current Larkin Mineral Resource and provide strong encouragement for potential high-grade mineralization to continue at depth, over 120 metes below the ultramafic / basalt contact.

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Paul Andre Huet, Chairman & CEO, commented:

“I am very pleased with the latest set of drill results at Beta Hunt which continue to demonstrate the tremendous high-grade potential of this underground mine.

 

“While our mined grades are consistent with our 2.6 g/t Mineral Reserve, we often encounter higher grade pockets such as those reported in today’s announcement, with one returning almost an ounce per tonne intercept – an exciting result in any gold mine.

 

“Success in our newest addition to Mineral Resources at Beta Hunt’s Larkin zone continues to reinforce both our robust near term growth plan and the long term ambitions at Beta Hunt.

 

“The new drilling was aimed at upgrading and extending the known Larkin Mineral Resource and was successful on both counts. It is particularly exciting that an intercept of 29.8 g/t over 7.8 metres, the best Larkin result to-date, was drilled 20 metres beyond the existing Mineral Resource and 120 metres below the ultramafic/basalt contact, indicating potential higher grade areas at depth in the zone.

 

“Over the past 24 months, we have reported results that not only support the extension and upgrade potential of the Western Flanks and A Zone existing Mineral Resources, but also the potential for additional gold Mineral Resources associated with mineralization intersected in drilling at Western Flanks North, A Zone North, Fletcher, Gamma and the newly discovered Sorrenson Zone.

 

“Our decision to significantly expand our drilling budget since 2020 has been well rewarded and we look forward to continued success across the very large areas remaining to be drilled. Coupled with our renewed nickel exploration success at Beta Hunt, the low cost mining potential of our flagship mine continues to develop.”

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To read the full news release, please click here

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=======

.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in Karora Resources, bought in the market at the prevailing price on the days of purchase. 

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To read our full terms and conditions, please click HERE