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West Red Lake Gold Mines Ltd V.WRLG

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

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 Apr 03, 2024 7:23pm
162 Views
Post# 35969216

WRLG's Latest Drill Results from Past-Producing Madsen Mine

WRLG's Latest Drill Results from Past-Producing Madsen Mine

Exploring the renowned Red Lake Gold District, West Red Lake Gold Mines Ltd. (Ticker: WRLG.v or WRLGF for US investors) recently revealed promising findings from drilling at Madsen Mine in Northwestern Ontario.


Focus on South Austin Zone Expansion

The drilling was aimed to enhance understanding of the project's South Austin Zone, vital for bolstering confidently estimated gold ounces crucial for Madsen mill's future reactivation.


Resource Overview and Significant Intercepts

The South Austin Zone boasts an Indicated resource of 474,600 ounces with a gold grade of 8.7 g/t, and an Inferred resource of 31,800 ounces grading 8.7 g/t Au. Noteworthy intercepts from the recent drilling include 25.12 g/t Au over 5.5 meters, 39.46 g/t Au over 2 meters, and 18.60 g/t Au over 4 meters, signaling substantial potential.

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Continued Exploration Efforts

Identification of visible gold has prompted further drilling to delineate high-grade zones along the zone's plunge. Exploration is prioritizing confirming the mineralization consistency and high-grade areas of the Austin, South Austin, and North Austin Zones.


WRLG remains committed to unlocking Madsen Mine's full potential, inching closer to gold production resumption.


Full news: 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.

 
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