West Red Lake Gold Mines (TSX.V: WRLG)
Reported drill results from its 100% owned Madsen Mine located in the prolific Red Lake Gold District of Northwestern Ontario, Canada.
This first round of drill results from the Madsen Mine were all drilled from underground on the North Austin Zone, which represents a new area of high-grade mineralization extending the current Madsen resource to the NE.
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| West Red Lake Gold Mines | TSX.V : WRLG |
| Stage | Exploration / Development |
| Metals | Gold |
| Market cap | C$105 m @ 57 cents |
| Location | Ontario, Canada |
West Red Lake Gold Intersects 27.15 g/t Au over 10.28m and 22.31g/t Au over 8.5m at North Austin Zone – Madsen Mine
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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 prolific Red Lake Gold District of Northwestern Ontario, Canada.
This first round of drill results from the Madsen Mine were all drilled from underground on the North Austin Zone, which represents a new area of high-grade mineralization extending the current Madsen resource to the northeast.
The WRLG team believes these intercepts are indicative of the exceptional resource growth potential that still exists at the Madsen Mine asset.
The North Austin Zone sits adjacent to existing underground development marking it as a high caliber target that could potentially be developed early during future mine restart and production.
The North Austin Zone remains open down-dip and along strike to the northeast and will continue to be a priority expansion target as underground drilling continues.
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HIGHLIGHTS:
• Hole MM23X-02-4980-003 Intersected 10.28m @ 27.15 g/t Au, from 28.72m to 39.00m, Including 1m @ 33.11 g/t Au, from 31.50m to 32.50, also Including 1m @ 226.85 g/t Au, from 32.50m to 33.5m.
• Hole MM23X-02-4980-001 Intersected 8.5m @ 22.31 g/t Au, from 26.95m to 35.45m,Including 0.55m @ 186.56 g/t Au, from 26.95m to 27.50m, also Including 1m @ 80.76g/t Au, from 27.50m to 28.50m.
• Hole MM23X-02-4980-004 Intersected 7.36m @ 8.98 g/t Au, from 29.74m to 37.10m,Including 1m @ 40.81 g/t Au, from 31.40m to 32.40m.
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Shane Williams, President & CEO, stated,
“We are very encouraged by this first round of results out from the underground drilling campaign at the Madsen Mine.
“Our geologic team quickly recognized the exploration potential in the North Austin area, which represents a high-grade expansion target that sits very close to existing underground infrastructure.
“While a good portion of the underground drill meters will continue to be focused on definition and increasing confidence in the current resource, we will continue to take advantage of near-mine organic growth opportunities that could materially enhance and increase the mineral resource inventory at Madsen.”
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.To read the full news release, please click HERE
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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com
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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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