West Red Lake Gold Mines(TSX.V: WRLG)
Reported initial drill results from the Upper 8 Target from its 100% owned Madsen Property located in the Red Lake Gold District of Northwestern Ontario, Canada.
Hole WRL24-002Intersected 4.1m @ 14.20 g/t Au, from 354.8m to 358.9m.
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| West Red Lake Gold Mines | TSX.V : WRLG |
| Stage | Exploration / Development |
| Metals | Gold |
| Market cap | C$215 m @ 80 cents |
| Location | Ontario, Canada |
| Website | www.westredlakegold.com |
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West Red Lake Gold Intercepts 44.17 g/t Au over 1.3m and 20.63 g/t Au over 0.5m at Upper 8 Target – Madsen Property
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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.
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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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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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Disclosure
At the time of writing the author holds no shares in West Red Lake Gold Mines.
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