After announcing another round of positive drill results from its Madsen project earlier this week, West Red Lake Gold Mines Ltd. (WRLG.v WRLGF) closed in the green on high volume today.
Unveiling High-Grade Discoveries in South Austin Zone:
In its latest drilling campaign, West Red Lake Gold Mines directed its focus towards the high-grade South Austin Zone, known for its Indicated mineral resource of 474,600 ounces grading 8.7 grams per tonne gold. Additionally, the zone hosts an Inferred resource of 31,800 oz grading 8.7 g/t Au.
Objective and Achievements:
The primary aim of this drilling endeavor was to enhance the delineation of the South Austin Zone, thereby augmenting the inventory of high-confidence ounces crucial for the future restart of the Madsen mill. Highlighted by notable intercepts such as 25.12 g/t Au over 5.5m, 39.46 g/t Au over 2m, and 18.60 g/t Au over 4m, the results underscore the substantial potential of the South Austin Zone. The identification of visible gold in select drill holes prompted additional drilling efforts to refine the delineation of these high-grade zones along the plunge.
Future Exploration Plans:
Looking ahead, West Red Lake Gold Mines has outlined its exploration plans for 2024, with a continued emphasis on the more continuous and higher-grade sections of the Austin, South Austin, and North Austin Zones.
The recent drill results from the Madsen project reflect West Red Lake Gold Mines' unwavering commitment to restarting gold production at the Madsen Project and further expanding its resource base to ensure sustainable long-term operations.
Full Press Release: https://westredlakegold.com/west-red-lake-gold-intersects-25-12-g-t-au-over-5-5m-39-46-g-t-au-over-2m-and-18-60-g-t-au-over-4m-at-south-austin-zone-madsen-mine/
Posted on behalf of West Red Lake Gold Mines Ltd.