West Red Lake Gold Mines Ltd V.WRLG

WRLG up 16%: Latest Results Highlight Robust Gold Grades

[1StockInformer]

Today WRLG.v closed up 16% on above avg volume, putting it up 33% over the month

Last week, West Red Lake Gold Mines Ltd. (Ticker: WRLG.v or WRLGF)  shared positive drill results from its Madsen Mine in the Red Lake Gold District of Northwestern Ontario.

The recent drilling campaign focused on the high-grade South Austin Zone, which currently holds an Indicated mineral resource of 474,600 ounces at a grade of 8.7 grams per tonne Au and an Inferred resource of 31,800 oz at 8.7 g/t Au.

The drill results highlight the high-grade and continuous nature of the South Austin Zone, emphasizing substantial growth potential in the region. 

Particularly, the South Austin Zone is a priority for expansion, with the potential to increase the unmined portion, especially down-plunge and adjacent to existing underground infrastructure, making it a promising target for future development.

In the latest drilling updates, hole MM23D-07-4141-006 intercepted 1m @ 296.83 g/t Au and 3m @ 42.35 g/t Au while hole MM23D-07-4141-017 revealed 3.2m @ 47.44 g/t Au, further emphasizing the high-grade nature of the South Austin Zone. 

MM23D-07-4141-012 intersected 7m @ 21.62 g/t Au, including 1m @ 118.35 g/t Au, highlighting the robust grades in the mineralized zone. MM23D-07-4141-020 reported 1m @ 56.14 g/t Au, contributing to the growing list of significant intercepts.

Since the start of underground drilling in September 2023, WRLG has completed 1,320m of Exploration drilling and 4,226m of Definition drilling.

The primary focus remains on further defining near-term mining inventory and expanding the current mineral resource. Looking ahead, the drilling program will continue prioritizing the more continuous and higher-grade portions of the Austin, South Austin, and North Austin Zones.

Full Press Release: https://westredlakegold.com/west-red-lake-gold-intersects-47-44-g-t-au-over-3-2m-21-64-g-t-au-over-7m-and-296-83-g-t-au-over-1m-at-south-austin-zone-madsen-mine/

Posted on behalf of West Red Lake Gold Mines Ltd.