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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

The live Spot gold price can be found HERE

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West Red Lake Gold Mines Ltd.(“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG)(OTCQB: WRLGF)provides an update on ramp-up operations at the Madsen Mine in Red Lake, Ontario.

Following the fatal incident at site on the morning of June 16th, the mine and mill were both shut down. The mill restarted after approximately 40 hours. The mine restarted 12 hours after the mill, ramping up within to full operations based on personnel availability and within a safety-first structure. 

“With the clear exception of the tragic underground incident, ramp-up at the Madsen Mine is progressing well.

“Mill head grades increased in June as we transitioned from the mixed and generally lower-grade material that had been stockpiled during the bulk sample program, which we processed in May, into freshly mined material that should be more representative of average ore grades going forward.

“The mill has been averaging 650 tonnes per day with 95% gold recovery and has been tested at higher levels several times without issue.

“We look forward to increasing mining rates over the coming months as ramp-up equipment arrives on site and we access additional mining areas, keeping in mind the Company’s number one priority is operational safety.”

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The Madsen Mine started ramp-up operations on May 11^th. Initially, mill feed was predominantly sill material that had been stockpiled during the bulk sample program, during which time only stope material was processed. Sill material is mined during level access development and is typically lower grade than stope material.

As mining ramps up, the mill head grade has increased. Milled grade has increased from approximately 3 grams per tonne gold (“g/t Au”) in the first two days of June to average 6.5 g/t Au from June 12^thto 15^thas stope material increased in proportion to sill material. Material going through the mill is now generally grading at levels comparable to the Madsen mine bulk sample. Observed grade variability, including days when gold grade jumps notably, is within the expected range for a deposit of this nature.  

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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 how learnings from the test mining and bulk sample program at its 100% owned Madsen Mine (the “Project”) in the Red Lake Gold District of Northwestern Ontario, Canada, are translating directly into a detailed mine plan with generally larger stopes, greater mining efficiencies, and lower cost mining methods than anticipated.

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The test mining and bulk sample program had two goals:

1. To confirm that the geologic, engineering, and mining workflow at Madsen enables the Company to model and mine mineralization accurately.
2. To test various mining scenarios and use the results to enable confident mine design that maximizes economic extraction.

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The bulk sample results (reported on May 7) achieved the first goal. Close reconciliation between expected and actual tonnes, grade, and contained ounces across six stopes in three areas of the resource validates the Company’s ability to mine at Madsen according to plan.

The Company also succeeded with the second goal. Test mining demonstrated the ability to mine up against historic stopes, which reduced barriers in stope design and unlocked some resource potential.

Test mining also highlighted the efficiency of mining larger stopes and mining clusters of proximal stopes (known as mining complexes), two notable opportunities that are developing at Madsen because mine design is both a technical and economic exercise.

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The workflow that leads to detailed mine design at Madsen is as follows:

1. Each resource area is definition-drilled to a drill hole spacing averaging 7 meters.
2. The in-house, short-term model is updated to incorporate the new drill data.
3. Stopes are engineered based on the updated model to maximize economic extraction of mineralization, at an assumed gold price.

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Gold mineralization at Madsen often comprises high-grade lenses surrounded by lower-grade mineralized halos. The above workflow is designed in part to define high-grade lenses of gold mineralization that can go unnoticed with wider-spaced data sets. Recent high-grade drill results from the South Austin area (see news releases from May 27, May13, and February 26) demonstrate this potential.

Definition drilling also enables accurate modelling of lower-grade halo mineralization ahead of stope design.

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West Red Lake Gold is currently using the consensus long-term price of US$2,350 per ounce (“oz.”) in mine design, compared to a gold price of US$1,680 per oz. used for the mine plan in the Madsen Mine Pre-Feasibility Study (“PFS”) [1].

The relatively low gold price in the PFS led to a mine plan with 60% of the mining being small, high-grade stopes requiring the use of cut-and-fill mining, the more selective and higher cost of the two mining methods outlined for use at Madsen [1a]. In addition, the need to drive accesses between multiple small stopes contributed to relatively high sustaining capital needs over the mine life.

The PFS mine plan generated strong economics that supported the restart decision. However, using a higher gold price in stope design effectively lowers the cutoff grade for resource inclusion, bringing additional resource tonnes and more overall ounces into consideration for mine planning.

When lower grade tonnes prove to be economic, it can result in larger stopes encompassing one or several high-grade gold lenses with surrounding halo mineralization. It can also define new mining shapes around proximal areas of mineralization that were not previously considered. This is especially possible where definition drilling has defined or expanded high-grade lenses, which have the potential to mitigate the impact on head grade of including lower grade tonnes over the life of mine.

Image showing Austin 1099/1100 stope complex (blue).

This area realized a 204% increase in tonnage and 222% increase in contained ounces mainly driven by definition drilling.

 Image showing McVeigh 1453 stope complex (blue). This area realized a 32% increase in tonnage and 18% increase in contained ounces mainly driven by definition drilling.

A more global potential benefit from mining larger stopes at Madsen is mining more of the resource.

A mine plan based on a gold price of US$1,680 per oz. depletes the deposit relatively quickly, which is evident in a PFS probable reserve of only 478,000 ounces in 1.87 million tonnes grading 8.2 g/t gold mined in 7 years [1c], from a deposit with a total indicated resource of 1.65 million ounces of gold hosted in 6.9 million tonnes of rock averaging 7.4 g/t gold (the combined indicated resource for the Austin, South Austin, McVeigh, and 8 Zones) [1d].

The Madsen Mine PFS described the potential for more of the resource to be considered for mining if a higher gold price was used [1e].

A gold price environment that allows mine design to convert more of the resource into reserve suggests a longer mine life than outlined in the PFS, which is expected to have a positive impact on long-term profitability and overall project economics.

Close reconciliation between expected and actual tonnes and grade in the bulk sample suggests that the Company’s approach – appropriate definition drilling, responsive mine engineering, and disciplined, efficient mining – is creating the ability to mine at Madsen according to plan.

The mine engineering and design process is a technical and economic exercise that responds to the price of gold. This will remain the Company’s practice at the Madsen Mine.

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