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 are focused on the high-grade South Austin Zone, which currently contains anIndicated mineral resource of 474,600 ounces grading 8.7 grams per tonne gold .
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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 |
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West Red Lake Gold Intersects 16.69 g/t Au over 8m, 6.17 g/t Au over 17.83m and 7.48 g/t Au over 12m at South 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 Red Lake Gold District of Northwestern Ontario, Canada.
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.
The purpose of this drilling was definition within South Austin to continue building an inventory of high-confidence ounces for the eventual restart of production at the Madsen mine.
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HIGHLIGHTS:
- Hole MM24D-09-4068-012 Intersected 8m @ 16.69 g/t Au, from 73m to 81m, Including 1m @ 127.98 g/t Au, from 78m to 79m
- Hole MM24D-09-4068-009 Intersected 17.83m @ 6.17 g/t Au, from 69.00m to 86.83m, Including 1m @ 30.05 g/t Au, from 69m to 70m, Also Including 1m @ 28.33 g/t Au, from 74m to 75m, Also Including 1m @ 14.59 g/t Au, from 82m to 83m.
- Hole MM24D-09-4068-010 Intersected 12m @ 7.48 g/t Au, from 79m to 91m, Including 1m @ 73.56 g/t Au, from 80m to 81m, Also Including 0.5m @ 16.77 g/t Au, from 90.5m to 91m.
- Hole MM24D-07-4198-012 Intersected 3.1m @ 21.33 g/t Au, from 83.9m to 87.0m, Including 0.5m @ 32.74 g/t Au, from 85.5m to 86.0m, Also Including 1m @ 28.78 g/t Au, from 86m to 87m.
- Hole MM24D-09-4068-009 Intersected 2.48m @ 25.77 g/t Au, from 22.00m to 24.48m, Including 0.98m @ 64.35 g/t Au, from 23.50m to 24.48m.
- Hole MM24D-07-4198-009 Intersected 9m @ 6.75 g/t Au, from 103m to 112m, Including 0.9m @ 27.91 g/t Au, from 104.0m to 104.9m, Also Including 1m @ 23.47 g/t Au, from 111m to 112m.
- Hole MM24D-09-4068-006 Intersected 2.5m @ 17.54 g/t Au, from 21.0m to 23.5m, Including 1m @ 43.63 g/t Au, from 22m to 23m.
- The high-grade mineralization encountered near the collar (top of hole) in Holes MM24D-07-4198-012, -014, -019, -020 and MM24D-09-4068-003, -006, -009 and -010 is starting to define a new, previously unrecognized footwall lens running sub-parallel to the South Austin zone. This footwall zone was initially recognized in holes MM24D-07-4198-002 and MM24D-07-4198-006 as described in a press release dated April 18th, 2024. This new zone has now been intercepted in ten (10) holes between the historic 7 and 9 Levels and will continue to be an expansion target as drilling continues in the South Austin area.
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Shane Williams, President & CEO, stated,
“The exceptional drill results highlighted in this news release really demonstrate the quality of the South Austin zone.
“We are encouraged by the very broad intercepts of mineralization averaging above 6 grams per tonne gold, which are accentuated by a number of very high-grade intervals.
“These thicker portions of South Austin could be more amenable to higher tonnage mining methods which is expected to help reduce overall mining costs.
“Furthermore, the new mineralized lens the team is defining footwall to South Austin between the historic 7 and 9 Levels is quite exciting and demonstrates the discovery potential that still exists within and adjacent to the Madsen deposit.”
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To View West Red Lake Gold Mines’ historical news, please click here
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To read the full news release please click 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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