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West Red Lake Gold Mines Ltd V.WRLG

Alternate Symbol(s):  WRLGF

West Red Lake Gold Mines Ltd. is a Canada-based mineral exploration company. The Company is focused on advancing and developing its flagship Madsen Gold Mine and the associated 47 square kilometers (Km2) land package in the Red Lake district of Ontario. The Company’s project also includes West Red Lake Project, which is situated on the Red Lake Archean Greenstone Belt, which hosts the high-grade gold mines of the Red Lake Gold District. The Company’s West Red Lake Project has approximately 3100-hectare property encompassing three former gold mines, including Rowan Mine, Red Summit Mine and Mount Jamie Mine. The Rowan Mine Property is comprised of approximately 119 claims. The Mount Jamie Mine Property is 100% owned and consists of approximately 26 claims. The Red Summit Mine Property consists of over two 100% owned patented claims situated within the Rowan Mine property. The NT Zone is located on the Rowan Mine Property portion of the West Red Lake Project.


TSXV:WRLG - Post by User

Post by 1StockInformeron Jan 17, 2024 7:33pm
124 Views
Post# 35832536

WRGL Shares 2023 Drill Results Unveiling Rich Gold Discovery

WRGL Shares 2023 Drill Results Unveiling Rich Gold Discovery

Today, West Red Lake Gold Mines Ltd. (TSXV: WRLG) (OTCQB: WRLGF) announced the final drill results from its 2023 drilling campaign at the 100% owned Rowan Property in the Red Lake Gold District of Northwestern Ontario, Canada. 


The Rowan Mine deposit comprises more than seven sub-parallel, east-west trending veins. The focus of this drilling campaign was on filling gaps in the geologic model between the East and West Zones and expanding at depth on the West Zone ore shoot. 


The results revealed significant intersections, including 4 meters at 9.5 g/t Au in hole RLG-23-177, approximately 80 meters beneath historic workings. Other notable intersections include 2.7m @ 3.66 g/t Au, 3.6m @ 3.13 g/t Au, and 9.0m @ 3.25 g/t Au.

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Overall, the drilling in 2023 validated historical data and confirmed the continuity of quartz veining and gold mineralization at depth and along strike. Future drilling will emphasize infill and expansion of the existing high-grade mineral resource.


The Rowan Property 2023 Exploration Achievements include:

- Acquisition of the remaining interest in the Rowan Property from Evolution Mining, bringing ownership to 100%.

- Drilling of 62 holes for 20,211.4m of NQ diamond drill core, with highlights such as 70.80 g/t Au over 8.3m.

- Positive metallurgical test results indicating gold extraction above 98%, requiring minor changes to the existing flowsheet at Madsen Mill.

- Definition of the high-grade East Zone ore shoot down to 490m depth, still open for expansion.

- Additional drilling at the Red Summit NE target, confirming the geologic thesis.

- Baseline orientation soil sampling survey and reprocessing of airborne magnetic geophysical datasets and LiDAR survey for future engineering considerations.


With all of this progress in mine, CEO Shane Williams emphasized that the focus for 2024 will be on restarting the Madsen Mine, but the company remains excited about the exploration potential in the district.


Full news here: https://westredlakegold.com/west-red-lake-gold-reports-final-2023-drill-results-from-rowan-and-highlights-2023-exploration-achievements/


Posted on behalf of West Red Lake Gold Mines Ltd.

 
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