West Red Lake Gold Intersects 48.97 g/t Au over 18.7m

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

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

Hole MM25D-12-4669-024 Intersected 18.7m @ 48.97 g/t Au, from 5.3m to 24.0m, Including 2m @ 428.83 g/t Au, from 20.5m to 22.5m.

 

 

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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 Exploration / Development
Metals Gold
Market cap C$298 m   @ 85 cents
Location Ontario, Canada
Website www.westredlakegold.com

 

 

 

Comment

Wow, what a hole!

These drill results have really woken up the share price today, and with good reason.

The visible gold comment is exciting, and this news comes just as the company is ramping up production ready to switch on the Madsen Mill.

I topped up last week, and may do so again now.

 

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West Red Lake Gold Intersects 48.97 g/t Au over 18.7m, 52.86 g/t Au over 4.5m and 25.49 g/t Au over 7.5m at South Austin – Madsen Mine

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West Red Lake Gold Mines Ltd.(“West Red Lake Gold” or “WRLG” or the “Company”) (TSX.V: 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.

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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 (“oz”) grading 8.7 grams per tonne (“g/t”) gold (“Au”), with an additional Inferred resource of 31,800 oz grading 8.7 g/t Au.

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Hole MM25D-12-4669-024 Intersected 18.7m @ 48.97 g/t Au, from 5.3m to 24.0m, Including 2m @ 428.83 g/t Au, from 20.5m to 22.5m, Also including 0.5m @ 16.06 g/t Au, from 23.5m to 24.0m.

This high-grade intercept was complimented by visible gold hosted within highly deformed quartz-carbonate-diopside veinlets.

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Shane Williams, President & CEO stated 

“As the underground definition drill program at Madsen advances at depth we continue to unlock significant value within the orebody.

 

“While the life-of-mine resource model accurately informs metal content throughout the deposit, it is tight-spaced drilling provides the resolution needed to properly quantify and realize further upside potential from the very high-grade pockets of gold mineralization ahead of stope design.

 

“The area highlighted in this update sits just beneath Stope 6 from our recent bulk sampling program and demonstrates the growth potential and increased continuity we are seeing in the deposit at depth.

 

“Having just reported excellent reconciliation results from our bulk sampling campaign, and with strong tailwinds from a rising gold market, the team’s confidence level is high as we move towards ramping up production at Madsen in the second half of 2025.”

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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 shares in West Red Lake Gold Mines.

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