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West Red Lake Gold Mines Ltd V.WRLG

Alternate Symbol(s):  WRLGF | V.WRLG.WT | WLGMF | V.WRLG.WT.A | V.WRLG.NT.U | V.WRLG.WT.B

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) highly prospective land package in the Red Lake district of Ontario. The Madsen Property comprises a contiguous group of approximately 251 mining leases, mining patents and unpatented mining claims covering an aggregate area of 4,648 hectares (46.5 km2). It also holds the wholly owned Rowan Property in Red Lake, with an expansive property position covering 31 km2 including three past producing gold mines: Rowan, Mount Jamie, and Red Summit. The Rowan Property is comprised of 146 claims, including 58 patented claims, 20 leased, 65 staked crowns and three under license of occupation. The 3,100-hectare Rowan Property covers 12 km of strike length on the regional east-west trending Pipestone Bay St Paul Deformation Zone.


TSXV:WRLG - Post by User

Post by 1StockInformeron Dec 22, 2023 7:28pm
270 Views
Post# 35798714

Gold Markets Rally to New Heights + WRLG Drill Results

Gold Markets Rally to New Heights + WRLG Drill Results

As reported in the article below, gold markets have experienced a significant rally, breaking through the $2050 level and indicating strong bullish momentum. The author emphasizes a positive outlook for gold, citing declining interest rates in the United States. Despite potential market noise during the holiday season, the article anticipates movement and believes it's only a matter of time before reaching the $2075 level.


https://www.fxempire.com/forecasts/article/gold-price-forecast-gold-markets-continue-to-break-out-3-1397857


Looking at the world of junior mining, West Red Lake Gold Mines Ltd. (Ticker: WRLG.v or WRLGF) has recently disclosed favorable drill results from its Madsen Mine in the esteemed Red Lake Gold District of Northwestern Ontario.


The drilling concentrated on the high-grade South Austin Zone, currently hosting 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 recent drill outcomes underscore the high-grade characteristics and continuity of the South Austin Zone, underscoring significant growth potential.

User image


The South Austin Zone remains a focal point for expansion, particularly in the unmined portion down-plunge, adjacent to existing underground infrastructure, positioning it as a high-priority target for future development.


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


The ongoing focus is on further defining near-term mining inventory and expanding the current mineral resource. In the upcoming drilling program, priority will be given to the more continuous and higher-grade sections 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.

 
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