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 Northwestern Ontario, Canada.
Highlights included 37.33 g/t Au over 2.79m and 5.26 g/t Au over 9.0m at North Austin Zone.
.
.
| West Red Lake Gold Mines | TSX.V : WRLG |
| Stage | Exploration / Development |
| Metals | Gold |
| Market cap | C$149 m @ 66 cents |
| Location | Ontario, Canada |
| Website | www.westredlakegold.com |
.
West Red Lake Gold Intersects 37.33 g/t Au over 2.79m and 5.26 g/t Au over 9.0m at North Austin Zone – Madsen Mine
.
.
.
West Red Lake Gold Mines Ltd. (TSXV: WRLG)(OTCQB: WRLGF) (“West Red Lake Gold” or “WRLG” or the “Company”) is pleased to report drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.
This round of drill results from the Madsen Mine were all drilled from underground on theNorth Austin Zone, which represents a new area of high-grade mineralization extending the current Madsen resource to the northeast. This program was designed to expand the North Austin zone down-plunge to the northeast.
There are three main plunge lines (ore shoots) that the team is targeting at North Austin, and the results in this press release have demonstrated down-plunge continuity on the order of 30 meters (“m”) within at least one of these ore shoots.
The North Austin Zone sits adjacent to existing underground development marking it as a high caliber, near-surface target that could potentially be developed early during future mine restart and production. The North Austin Zone remains open down-plunge and along strike to the northeast and will continue to be a priority expansion target as underground drilling continues.
.
.
HIGHLIGHTS:
- Hole MM24X-03-5127-010 Intersected 2.79m @ 37.33 grams per tonne gold (“g/t Au”), from 124.21m to 127m, Including 1.0m @ 88.06 g/t Au, from 125.21m to 126.21m.
- Hole MM24X-03-5127-011 Intersected9.02m @ 5.26 g/t Au, from 53.06m to 62.08m, Including 0.88m @ 22.34 g/t Au, from 58m to 58.88m, also Including 0.5m @ 26.18 g/t Au, from 61.08m to 61.58m; And 2.54m @ 5.21 g/t Au, from 118.46m to 121m; Including 0.61m @ 16.60 g/t Au, from 118.96m to 119.57m.
- Hole MM24X-03-5127-007 Intersected 1.57m @ 25.12 g/t Au, from 128m to 129.57m, Including1.0m @ 31.47 g/t Au, from 128m to 129m.
- Hole MM24X-03-5127-001 Intersected 2m @ 9.5 g/t Au, from 72m to 74m, Including 1.0m @ 17.94 g/t Au, from 73m to 74m.
.
.
.
Shane Williams, President & CEO, stated,
“It’s very encouraging to see the North Austin drilling beginning to deliver on expectations.
“Defining new areas of mineralization outside of, but adjacent to, the known deposit will continue to be a priority at Madsen and further solidifies our strategy with continuing to de-risk the asset while also taking full advantage of high-grade, near-mine organic growth opportunities.”
.
——-
To read the full news release please click HERE
.
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 no shares in West Red Lake Gold Mines.
.