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West Red Lake Gold Mines Ltd. (TSXV: WRLG) (“West Red Lake Gold” or the “Company”)  (OTCQB: WRLGF) is pleased to provide an update on restart readiness activities, including the in-progress bulk sample, at its 100% owned Madsen Mine project in the Red Lake Gold District of Northwestern Ontario, Canada.

“With test mining underway, bulk sample stockpiles building on surface, and the mill set to initiate campaign processing in the coming weeks, we have achieved many key operational milestones at the mine site.

 

“The connection drift development and test mining efforts have been very successful to date, which is a testament to our mine crews’ ability to operate safely and efficiently. I’m proud to say that the ramps, sills, and stopes we are developing at Madsen are best in class.

 

“Things are increasingly busy across the site with final installation work underway for the camp and mine dry facilities, mine engineering picking up pace, and a headcount that stands at 185 employees and 50 contractors currently active on site.

 

“The team is excited to get the bulk sample complete, which is expected to demonstrate that our approach to mining at Madsen works, followed by rolling into production mining and processing with an aim to start selling gold into this record price environment, where gold is selling for over CAD$4,100 per ounce today.”

Bulk Sample

The bulk sample program includes plans to mine at least 10,000 tonnes of material from six stopes.

The Company prioritized parts of the Madsen resource for extraction early in the mine life based on grade, tonnage, and ease of access. These areas saw access development, definition drilling, and mine engineering over the last 16 months and now constitute the mineral inventory in the 12-month detailed mine plan.

The bulk sample program targets stopes in three such areas: the 1099/1100 area of the Austin resource, the 1407 area of the McVeigh resource, and the 987 area of the South Austin resource.

FIGURE 1: Long section showing part of the Madsen Mine deposit with bulk sample areas highlighted. Modern workings (post 2019) shown in green; Connection Drift in blue.

Bulk sampling from several areas amplifies the benefits of test mining by:

• Testing drill density and modeling techniques for different zones of the deposit,
• Allowing crews to deploy the range of mining methods that will be used at Madsen, and
• Helping to solidify mining procedures in proximity to old workings by validating historical data and confirming geotechnical competence assumptions (with respect to both void and backfilled historical stopes).

At present, 3,380 tonnes of bulk sample material are on surface from two stopes. The remaining stopes will be drilled, blasted, and mucked over the coming weeks.

Maurice Mostert, Vice President Technical Services said,

“The first stopes mined have provided valuable insights into the effectiveness of the drill and blast designs, the geological modelling techniques, and the overall development processes required.

 

“Initial results are showing that our drill and blast techniques and design criteria are very effective at controlling fragmentation size and dilution.”

To read the full news release please click HERE

.

The live Spot gold price can be found HERE

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 West Red Lake Gold Mines.

To read our full terms and conditions, please click HERE

West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSX.V: WRLG) (OTCQB: WRLGF) is pleased to announce positive results from the 2024 regional surface mapping and geochemical sampling program (the “Program”) across its 100% owned Madsen Property located in the Red Lake Gold District of Northwestern Ontario, Canada.

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HIGHLIGHTS:

• The Program at Madsen was focused on the Confederation Assemblage of rocks, which has remained mostly unexplored until WRLG completed this first phase of work. The Confederation rocks are known to host significant gold mineralization in the Red Lake district, including Kinross Gold’s Great Bear Project, located approximately 24km southeast of Madsen.

• The Program consisted of 1,460 till samples and 42 channel samples, as well as 69 representative lithologic samples collected to support the geological mapping program.

• Six (6) anomalous areas were defined with a geochemical signature of Au-W-As-Ag-Bi (Figure 1), which is analogous to the geochemical signature of Madsen-style alteration and mineralization. The most compelling of these targets is the North Shore anomaly which has already demonstrated high prospectivity from limited drilling completed in 2024, as well as its spatial association to the Russet Lake Ultramafic (“RLUMAF”). The area beneath the strongest part of the anomaly has never been drilled and will be a top target for 2025.

• Geologic resolution and understanding within the Confederation Assemblage was greatly enhanced through the detailed mapping program and will be a valuable dataset for advancing targets within this package of rocks.

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Will Robinson, Vice President of Exploration, stated,

“We are quite pleased with the results of our first ever regional surface exploration program across the Madsen property.

 

“The program was focused on the underexplored Confederation Assemblage and was successful in delineating a number of high-caliber geochemical anomalies that will warrant follow-up exploration work and possibly drilling in 2025.

 

“The grade and tenor of the surface anomalies defined within the Confederation rocks and their spatial association with the underlying geology is very encouraging and further reinforces our thesis that this mostly overlooked part of the property still presents excellent potential for discovery.

 

“Additionally, the till anomaly defined at the North Shore target within Balmer Assemblage rocks along the eastern margin of the Russet Lake Ultramafic fits our exploration model for this highly prospective corridor resulting in an exciting drill-ready target for 2025.”

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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 definition drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.

The drill results featured in this news release are focused on the high-grade McVeigh Zone. The McVeigh Zone currently contains an Indicated mineral resource of 79,800 oz grading 6.4 g/t Au, with an additional Inferred resource of 14,300 oz grading 6.9 g/t Au.

These results follow-up on the significant intercepts previously announced on August 12, 2024 and August 27, 2024 from McVeigh – where drilling highlights included 106.99 g/t Au over 2.35 meters (“m”) and 17.77 g/t Au over 5.5 m, respectively.

The purpose of this drilling was definition within priority areas of McVeigh to continue building an inventory of high-confidence ounces to support the restart of production at the Madsen Mine, which is expected to commence in 2025.

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MCVEIGH ZONE HIGHLIGHTS:

• HoleMM24D-02-4090-010 Intersected 3.85m @ 45.70 g/t Au, from 14.00m to 17.85m, Including 0.85m @ 127.27 g/t Au, from 17.00m to 17.85m; And 1.55m @ 44.89 g/t Au, from 22.45m to 24.00m.

• Hole MM24D-02-4090-015 Intersected 3m @ 50.99 g/t Au, from 14m to 17m, Including 1m @ 141.53 g/t Au, from 15m to 16m.

• HoleMM24D-02-4090-016 Intersected 7m @ 6.50 g/t Au, from 37m to 44m, Including 1m @ 31.57 g/t Au, from 39m to 40m.

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Shane Williams, President & CEO, stated,

“As the site operational team advances test mining and stockpiles the bulk sample, the two underground drills continue to turn and continue to intercept broad zones of high-grade gold mineralization.

 

“The McVeigh zone is a shallow and easily accessible portion of the Madsen deposit and will be a key focus area during early phases of mining.

 

“The tight spaced drilling we are completing at McVeigh coupled with our enhanced geologic model and understanding of the structural controls will enable the engineering team to produce a very robust and high confidence mine plan that will reduce both external and internal dilution during mining.”

To read the full news release please click HERE

.

The live Spot gold price can be found HERE

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 West Red Lake Gold Mines.

To read our full terms and conditions, please click HERE

West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or the “Company”) (TSXV: WRLG) is pleased to announce the results of the pre-feasibility study (“PFS”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) for the imminent restart of its 100% owned Madsen Mine project in the Red Lake Gold District of northwestern Ontario, Canada.

West Red Lake Gold will hold a conference call on January 8^th at 11:00am ET, followed by a question-and-answer period. To access the call, please register here: https://www.amvestcapital.com/webinar-directory/westredlakegoldmines010725. The webinar will be archived for viewing at www.westredlakegold.com

All dollar amounts in this news release are in Canadian dollars ($) unless otherwise indicated.

The effective date of the PFS is December 31, 2024, and a technical report relating to the PFS will be filed on SEDAR+ within 45 days of this news release.

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Madsen Mine PFS Highlights:

• Strong Value Underlines Mine Restart Rationale: Post-tax net present value (“NPV”) (5%) of $315 million at a long-term gold price of US$2,200 per oz. reinforces the rationale to restart the Madsen Mine imminently based on this initial mine plan; potential for Madsen to grow beyond this initial plan with further definition and exploration drilling strengthens the rationale
• High Grade Mine: Diluted head grade averages 8.2 g/t gold
• Average Annual Production: 67,600 oz. gold per year over 6 years of full production, within a 7.2-year mine life
• Strong Free Cash Flows: $69.5 million average annual free cash flow from an operation with average total operating cost of US$919 per oz. and average all-in sustaining cost (“AISC”) of US$1681 per oz.
• Construction and Capital Investment to Mine Startup Substantially Complete. Bulk sample currently being mined; mill startup to process bulk sample planned in March; 21 km of modern underground development (since 2019) provides good mining access and represents significant time and cost savings
• Production Start Date: Q2 2025
• Actual Costs: The Company has been operating underground for 16 months and the mill operated in 2022, which enabled a PFS based on realized costs for most operating metrics.
• Significant Upside Potential: There are multiple opportunities to extend mine life and enhance the economic returns of the Madsen Mine, including 1.1 million ounces of indicated resource that remain outside of this initial mine plan, resource growth near reserves and existing infrastructure, discovering new high-grade, near mine zones that add to the mine plan such as the Upper 8 Zone, and using a higher reserve cut-off price (the PFS used US$1680 per oz.).

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Shane Williams, President and CEO of West Red Lake Gold Mines said,

“West Red Lake Gold has worked intensely over the last 16 months to greatly improve our knowledge of the orebody and de-risk the project with the objective of executing a successful restart of the Madsen Mine, and this PFS is the culmination of that effort.

 

“This initial reserve mine plan only taps well defined and tightly drilled parts of the deposit relatively close to existing workings and still generates robust margins based on a production rate of approximately 70,000 oz. per year that generate almost $400 million in post-tax free cash flow over a 7-year mine life.

 

“Initial capital is low because the capital projects needed for restart are well advanced or already complete. That is unusual for a ‘PFS-level’ project, as is having already completed 58,000 metres of definition drilling and detailed engineering to define 18 months of mineable inventory on a stope-by-stope level.

 

“We are excited to deliver a PFS that solidifies Madsen as a rare high-grade gold mine starting production in 2025. We built a realistic and achievable plan for this first mining opportunity at Madsen that we are confident we can deliver and that will justify returning the mine to production.

 

“Beyond that, we strongly believe Madsen has potential to grow well beyond this initial plan in the coming years as we source new resources and reserves near existing infrastructure while also gaining access to the deeper parts of the system, where notable upside optionality remains untapped.”

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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 provide an update on the Company’s interpretation and vision for the Fork Deposit (“Fork”) at its 100% owned Madsen Property located in the Red Lake Gold District of Northwestern Ontario, Canada.  

The Fork deposit currently contains an Indicated mineral resource of 20,900 ounces (“oz”) grading 5.3 grams per tonne (“g/t”) gold (“Au”), with an additional Inferred resource of 49,500 oz grading 5.2 g/t Au.

WRLG has recently completed a re-evaluation of the Fork deposit and has recognized a shallow,high-grade, low-plunging zone of gold mineralization that is located approximately 250 meters (“m”) southwest from existing underground development at Madsen.

The zone trends north-south and has been defined by previous drilling over an area of 400m by 250m and shows potential for further expansion along strike to the south. Average thickness of the zone is conservatively estimated at approximately 2m based on existing core length intercepts.

The shallow nature of this target will allow for systematic and efficient infill and expansion drilling from surface with holes averaging 150-250m depth. Fork will be a priority drill target for WRLG in 2025.

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FORK DRILLING HIGHLIGHTS (HISTORIC):

• Hole RUM-08-49 Intersected 13.05m @ 13.97 g/t Au, from 107.65m to 120.7m, Including 3.63m @ 30.79 g/t Au, from 110.37m to 114.00m, Also including 1.97m @ 32.55 g/t Au, from 118.73m to 120.70m.

• HolePDM04-318 Intersected 9.3m @ 8.14 g/t Au, from 128.1m to 137.4m, Including 0.7m @ 85.70 g/t Au, from 128.1m to 128.8m, Also including 0.6m @ 21.3 g/t Au, from 136.8m to 137.4m.

• Hole RUM-08-68 Intersected 1.3m @ 50.48 g/t Au, from 95.7m to 97.0m, Including 0.2m @ 169.09 g/t Au, from 95.8m to 96.0m, Also including 0.4m @ 53.27 g/t Au,from 96.2m to 96.6m.
• Hole PG14-011 Intersected 3.5m @ 17.18 g/t Au, from 152.5m to 156.0m, Including1.6m @ 33.80 g/t Au, from 154.4m to 156.0m.

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Shane Williams, President and CEO, stated,

“What was once considered a somewhat broad, intermediate-grade portion of the satellite resource inventory at Madsen, Fork has now been re-envisioned as a high-grade near-mine resource expansion target that will be a top priority for the exploration team in 2025.

 

“The shallow nature of this target will allow for rapid advancement through surface definition drilling and, with its proximity to existing underground development, it’s not difficult to see a path forward for Fork making its way into the production pipeline at Madsen.

 

“This strategy is directly in-line with WRLG’s hub-and-spoke model for Madsen as we continue to evaluate and advance additional high-grade gold opportunities within the Red Lake district.”

To read the full news release please click HERE

.

The live Spot gold price can be found HERE

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 West Red Lake Gold Mines.

To read our full terms and conditions, please click HERE

.

West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF)is pleased to provide an update on restart readiness activities at the Madsen Mine project in Red Lake, Ontario.

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Shane Williams, President and CEO said,

“Advancing multiple projects and goals simultaneously in preparation for restart means the Madsen Mine site is a busy place,.

 

“The tailings dam lift is now complete and came in ahead of schedule and under budget, which is a great example of how strong alignment and effective communication between contractors, site personnel, and management can yield positive results.

 

“This accomplishment sets the standard for delivery of all projects at the Madsen operation as we move through the redevelopment phase and towards our goal of a full mine restart next year.

 

“We look forward to issuing a pre-feasibility study in the coming weeks and then pushing ahead to an official restart decision.”

Pre-Feasibility Study

The Company is working with SRK Consulting to complete a pre-feasibility study (“PFS”) for the restart of the Madsen mine. The study is nearing completion; West Red Lake Gold expects to announce PFS results within one month.

The PFS will be the basis of the Madsen Mine restart. Regulations require companies to define initial reserves on a project via a PFS and this applies to the Madsen project today under West Red Lake Gold.

However, there are three reasons why the Company believes the Madsen PFS will be an accurate, comprehensive, and sufficient plan for the mine restart.

1. Real Costing: Operating underground at the Madsen Mine for the last year means West Red Lake Gold has good understanding of real costs, from blasting, mucking, and moving a tonne of material to running a consistent definition drill program to operating the water treatment facility. In addition, the mill operated only two years ago, so costs for that facility are also well understood. Most pre-feasibility studies rely on estimates for key costs; the Madsen Mine PFS will have actual costs for most parameters.
2. Final Engineering: the Madsen Mine is essentially built. Most pre-feasibility studies include as-yet unanswered questions on important aspects; examples include full definition of processing flowsheets or mining methods or tailings facility design or human resource requirements. With the mine having operated only a few years ago and with West Red Lake Gold having studied and remedied many of the issues from that period over the last 18 months, there are very few outstanding engineering questions at Madsen.
3. Detailed Mine Plan: pre-feasibility studies are conventionally completed before definition drilling into a deposit is complete. For underground mines, this means a PFS predates a detailed mine design, which is a list of stope-defined targeted mining areas with engineered access. West Red Lake Gold has built a detailed mine design for the first 18 months of operation (approximately 100,000 ounces of production) and intends to have 24 months of stope-defined mineable inventory defined prior to restart, which is targeted for mid-2025. This level of operational readiness is unusual alongside a PFS.

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Tailings Dam Lift

The project to increase the height of the tailings dam by four feet was completed on October 8^th, a week ahead of schedule. The total cost came in approximately 18% under the expected budget.

This lift creates enough additional capacity in the tailings facility to accommodate more than 5 years of mining at a rate of 800 tonnes per day, which is the nameplate throughput of the Madsen mill.

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Aerial view of the tailings dam lift project at completion.

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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 initial drill results from theUpper 8 Target(“Upper 8”) from its 100% owned Madsen Property located in the Red Lake Gold District of Northwestern Ontario, Canada.

The drill results featured in this news release are focused on theUpper 8target, which is ashallower geologic analog to the well known high-grade 8-Zone.The Upper 8 target is hosted within the same lithologic unit (Russet Lake Ultramafic) approximately 750m up-plunge from the main 8-Zone deposit (Figure 3).

Its location in ultramafic rocks, its style of mineralization, and its exceptionally high grades make the 8 Zone geologically unique from the main Madsen deposit. The 8 Zone currently contains anIndicated mineral resource of 87,700 ounces (“oz”) grading 18 grams per tonne (“g/t”) gold (“Au”), with an additionalInferred resource of 18,200 oz grading 14.6 g/t Au.

These are the first drill results announced from an ongoing 10,000m surface exploration drilling program designed to test a number of high-priority targets across the Madsen property (Figures 1 and 2). Details and target descriptions for this program were outlined in a previous news release datedAugust 10, 2024.

UPPER 8 HIGHLIGHTS:

• Hole WRL24-002Intersected4.1m @ 14.20 g/t Au, from 354.8m to 358.9m, Including1.3m @ 44.17 g/t Au, from 357.0m to 358.3m.

• HoleWRL24-003Intersected1.85m @ 6.33 g/t Au, from 332.45m to 334.30m, Including0.5m @ 20.63 g/t Au, from 333.8m to 334.3m.

Will Robinson, Vice President of Exploration, stated,

“The initial results from Upper 8 drilling are quite encouraging and not only demonstrate proof-of-concept for our regional targeting model, but also reinforce our thesis that there is very real potential for discovery of another 8-Zone type deposit on our highly prospective Madsen property.

 

“The relatively shallow position of Upper 8 allows for us to drill this target effectively from surface with a high degree of accuracy.  

 

“With two out of three of the initial holes drilled at Upper 8 returning high-grade gold mineralization where projected, we are planning to add a second drill in the coming weeks dedicated to drilling at Upper 8.

 

“The team is very excited to return to this area to continue defining and growing this shallower 8-Zone analog.”

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West Red Lake Gold Mines Ltd. (TSXV: WRLG) (OTCQB: WRLGF) (“West Red Lake Gold” or the “Company”) is pleased to announce a Town Hall meeting in Red Lake to engage with community members about the Company’s plans at the Madsen Mine and to recruit new employees.

West Red Lake Gold aims to restart the Madsen Mine in 2025. In preparation, the Madsen site is very active: underground there are 2 to 3 development crews active at all times alongside 2 definition drill rigs, while on surface there are multiple large capital projects happening alongside an exploration drilling program.

“We have been active at the Madsen Mine site for over a year and are pushing to restart this mine in 2025.

 

“We are keen to host this Town Hall meeting so we can communicate our plans, hear feedback from the community, and spread the word that we will be hiring for multiple positions over the next six months.”

West Red Lake Gold’s Town Hall is happening Wednesday October 2 at the Red Lake Legion, located at 31 Highway 105.

The Town Hall will take place in two sessions (2:00 – 4:00 and 7:00 – 9:00).

Each session will start with a presentation by Mine General Manager Michael Procyk on the company’s activities and plans.

After that, everyone in attendance is welcome to engage with management from all Madsen Mine site departments about job openings, questions, and concerns.

The Company encourages anyone interested in working at the Madsen Mine to attend the Town Hall or contactcareers@wrlgold.com.

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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 Northwestern Ontario, Canada.

The drill results featured in this news release are focused on the high-gradeSouth Austin Zone, which currently contains anIndicated mineral resource of 474,600 ounces (“oz”) grading 8.7 grams per tonne (“g/t”) gold (“Au”), with an additionalInferred resource of 31,800 oz grading 8.7 g/t Au.

The purpose of this drilling was definition within priority areas of South Austin to continue building aninventory of high-confidence ouncesto support the restart of production at the Madsen mine, which is expected to commence in 2025.

The Company expects to complete a pre-feasibility study outlining its restart plans in Q4.

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SOUTH AUSTIN ZONE HIGHLIGHTS:

Hole M24D-08-4447-035Intersected4.48m @ 49.39 g/t Au, from 114.91m to 119.39m, Including2.5m @ 76.51 g/t Au, from 116.0m to 118.5m.

Hole MM24D-08-4447-025Intersected11.2m @ 18.46 g/t Au, from 106.0m to 117.2m, Including4m @ 34.41 g/t Au, from 107m to 111m, Also including0.5m @ 10.21 g/t Au, from 113.0m to 113.5m, Also including1.5m @ 32.13 g/t Au, from 114.5m to 116.0m.

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Shane Williams, President & CEO, stated,

“The team is doing a fantastic job advancing the definition drilling program at Madsen that is essential for developing an inventory of high-confidence ounces to support the mine restart plan and our goal of getting Madsen back into production by H2 2025.

 

“The intercepts out of South Austin highlighted in this update are right on par with the exceptional results out of the Austin and McVeigh zones that have been announced over the last month.

 

“This consistency and quality between different mineral zones help to demonstrate the potential we see within the entirety of the Madsen deposit.”

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To read the full news release please click HERE

.

The live Spot gold price can be found HERE

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 no shares in West Red Lake Gold

To read our full terms and conditions, please click HERE

.

West Red Lake Gold Mines Ltd.(“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG)(OTCQB: WRLGF)is pleased to announce the start of a 2024 surface drilling program across its 100% owned Madsen Mine Property located in the Red Lake Gold District of Northwestern Ontario, Canada.

The Company plans to drill up to 10,000 meters (“m”) of NQ diamond drill core testing a number of high-priority targets across the Madsen property that were generated through a systematic evaluation of all available geologic data (Figures 1 & 2).

Drill targets were selected based on 1) their position along primary structural trends, 2) proximity to the Russet Lake and Venus ultramafic units, and 3) periodicity along strike of the main Madsen structural corridor relative to known mineralized splays (Fork, McVeigh and North Austin).

The Company recently recognized this periodicity of known mineralized splays along the Madsen structural corridor through an evaluation of deposit-scale structural relationships.

The average spacing between these known mineralized splays is approximately 1 kilometer (“km”). Interpretation of the regional aeromagnetic dataset, which was flown in 2014, suggests that additional splays could be present along strike from Madsen to the northeast.

Will Robinson, Vice President of Exploration, stated,

“After completing a thorough review of the available geologic data for the Madsen property our team has generated some new exploration concepts and identified a number of highly prospective targets that share characteristics with known resource areas, which suggests the geologic potential for hosting high-grade gold mineralization.

 

 

“We are very excited to test a number of these targets this year with the surface drilling program as we strive to make meaningful discoveries and add value across the Madsen property.”

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West Red Lake Gold Mines Ltd (TSXV: WRLG)  (OTCQB: WRLGF) is pleased to announce the start of a 2024 surface drilling program across its 100% owned Madsen Mine Property located in the Red Lake Gold District of Northwestern Ontario, Canada.

The Company plans to drill up to 10,000 meters (“m”) of NQ diamond drill core testing a number of high-priority targets across the Madsen property that were generated through a systematic evaluation of all available geologic data (Figures 1 & 2).

Drill targets were selected based on 1) their position along primary structural trends, 2) proximity to the Russet Lake and Venus ultramafic units, and 3) periodicity along strike of the main Madsen structural corridor relative to known mineralized splays (Fork, McVeigh and North Austin).

The Company recently recognized this periodicity of known mineralized splays along the Madsen structural corridor through an evaluation of deposit-scale structural relationships. The average spacing between these known mineralized splays is approximately 1 kilometer (“km”). Interpretation of the regional aeromagnetic dataset, which was flown in 2014, suggests that additional splays could be present along strike from Madsen to the northeast.

Will Robinson, Vice President of Exploration, stated,

“After completing a thorough review of the available geologic data for the Madsen property our team has generated some new exploration concepts and identified a number of highly prospective targets that share characteristics with known resource areas, which suggests the geologic potential for hosting high-grade gold mineralization.

“We are very excited to test a number of these targets this year with the surface drilling program as we strive to make meaningful discoveries and add value across the Madsen property.”

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To read the full news release please click HERE

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Disclosure

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

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

The drill results featured in this news release are focused on the high-gradeAustinandMcVeigh Zones.

TheAustin Zonecurrently contains anIndicated mineral resource of 914,200 ounces (“oz”) grading 6.9 grams per tonne (“g/t”) gold (“Au”), with an additionalInferred resource of 104,900 oz grading 6.5 g/t Au. TheMcVeigh Zonecurrently contains anIndicated mineral resource of 79,800 oz grading 6.4 g/t Au, with an additionalInferred resource of 14,300 oz grading 6.9 g/t Au.

The purpose of this drilling was definition within priority areas of Austin and McVeigh to continue building aninventory of high-confidence ouncesto support the restart of production at the Madsen mine, which is expected to commence in H2 2025. The Company expects to complete a pre-feasibility study in support of that restart goal in the coming months.

AUSTIN ZONE HIGHLIGHTS:

• MM24D-09-4796-018 Intersected 2.5m @ 107.61 g/t Au, from 80.0m to 82.5m, Including  1m @ 252.10 g/t Au, from 80m to 81m, also including 1m @ 14.22 g/t Au, from 81m to 82m.

• MM24D-09-4796-005 Intersected 7m @ 5.70 g/t Au, from 53m to 60m, Including 1m @ 12.38 g/t Au, from 54m to 55m, Also including1m @ 10.09 g/t Au, from 59m to 60m.

• HoleMM24D-09-4796-007 Intersected 5m @ 7.68 g/t Au, from 45m to 50m, Including 2.06m @ 15.04 g/t Au, from 47m to 49.06m.

• HoleMM24D-09-4796-006 Intersected 11.77m @ 7.04 g/t Au, from 62.23m to 74.00m, Including 0.77m @ 34.91 g/t Au, from 62.23m to 63.00m, Also Including0.7m @ 21.69 g/t Au, from 69.0m to 69.7m. Also including 1m @ 19.51 g/t Au, from 73m to 74m.

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MCVEIGH ZONE HIGHLIGHTS:

• Hole MM24D-01-4081-019 Intersected 2.35m @ 106.99 g/t Au, from 37.65m to 40.00m, Including0.5m @ 13.32 g/t Au, from 37.65m to 38.15m, Also Including0.5m @ 479.09 g/t Au, from 39.0m to 39.5m.

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Shane Williams, President & CEO, stated,

“The team continues to make great progress with the underground definition drill program at Madsen.

 

“We always had high expectations for the Austin Zone, which makes up the bulk of the existing resource, but to see this zone capable of producing gold grades in excess of 250 grams per tonne over meaningful widths is particularly exciting and underscores the upside that still exists within the main deposit.

 

“Additionally, the results coming out of McVeigh are quite positive. With a better understanding of the geologic model, structural controls and ore distribution in McVeigh, we are seeing renewed potential in this area.”