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West Red Lake Gold Mines Ltd V.WRLG

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

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 Feb 07, 2024 5:52pm
106 Views
Post# 35868591

WRLG.v Mines Reports High-Grade Gold Intercepts Today

WRLG.v Mines Reports High-Grade Gold Intercepts Today

Today, West Red Lake Gold Mines Ltd. (TSXV: WRLG) (OTCQB: WRLGF) announced compelling drill results from its Madsen Mine, located within the renowned Red Lake Gold District of Northwestern Ontario, Canada.


The recent drilling campaign, conducted entirely underground at the North Austin Zone, unveiled promising intersections indicative of substantial gold mineralization.


Notable highlights from the assay results include Hole MM24X-03-5195-003, which revealed a significant intercept of 9.15 grams per tonne of gold (g/t Au) over 3.3 meters, with higher-grade sections such as 15.91 g/t Au over 1 meter and 18.62 g/t Au over 0.7 meters.


Additionally, Hole MM24X-03-5195-001 yielded 10.66 g/t Au over 2.6 meters, featuring a segment with 18.35 g/t Au over 0.9 meters.

User image


Shane Williams, President & CEO of West Red Lake Gold, expressed enthusiasm over the results, emphasizing the untapped growth potential within the Madsen deposit. Williams stated, “This latest round of North Austin results are very encouraging and demonstrate the untapped growth potential that still exists in this part of the Madsen deposit."


The drilling program was strategically designed to expand the North Austin zone, building upon initial successes reported in November 2023. The company's team believes these findings underscore the resource expansion prospects at Madsen Mine, particularly in the North Austin Zone, which remains open down-dip and along strike to the northeast.


These latest developments mark a significant step forward in West Red Lake Gold's ongoing efforts to advance its mining assets. With the potential for early-stage development of the North Austin Zone, the company is poised to capitalize on its exploration successes in the Red Lake Gold District.


Full news here:  https://westredlakegold.com/west-red-lake-gold-intersects-9-15-g-t-au-over-3-3m-and-10-66-g-t-au-over-2-6m-at-north-austin-zone-madsen-mine/


Posted on behalf of West Red Lake Gold Mines Ltd.

 
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