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.
The drill results featured in this news release are focused on the high- grade Austin and McVeigh Zones.
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West Red Lake Gold Mines | TSX.V : WRLG |
Stage | Exploration / Development |
Metals | Gold |
Market cap | C$184 m @ 68 cents |
Location | Ontario, Canada |
Website | www.westredlakegold.com |
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West Red Lake Gold Intersects 107.61 g/t Au over 2.5m at Austin and 106.99 g/t Au over 2.35m at McVeigh – Madsen Mine
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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.
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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.”
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To read the full news release please click HERE
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The live gold price can be found HERE
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Disclosure
At the time of writing the author holds shares in West Red Lake Mining.
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