Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

West Red Lake Gold Mines Ltd V.WRLG.WT.A


Primary Symbol: V.WRLG Alternate Symbol(s):  V.WRLG.WT | 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 May 14, 2024 6:47pm
202 Views
Post# 36039907

Promising Drill Results from WRLG

Promising Drill Results from WRLG

West Red Lake Gold Mines Ltd. (Ticker: WRLG.v or WRLGF for US investors) has announced further positive drill results from the Madsen Mine, located in the renowned Red Lake Gold District of Northwestern Ontario, Canada.


Focus on High-Grade South Austin Zone

The latest drilling campaign has concentrated on the high-grade South Austin Zone, a pivotal area for the company's future plans. This zone holds an Indicated mineral resource of 474,600 ounces with a grade of 8.7 grams per tonne gold and an additional Inferred resource of 31,800 ounces grading 8.7 g/t Au. WRLG's exploration efforts are primarily targeted at this zone to further delineate it and build a high-confidence inventory for the planned restart of the Madsen mill.


Recent Drill Intercepts

Key results from the recent drilling include:

  • 3.1 meters at 21.33 g/t Au, including 0.5 meters at 32.74 g/t Au

  • 9 meters at 6.75 g/t Au, including 0.9 meters at 27.91 g/t Au

  • 2.55 meters at 6.08 g/t Au, including 1 meter at 11.08 g/t Au

User image


Strategic Drilling Approach

Shane Williams, President & CEO of WRLG, emphasized the significance of these findings, stating, "De-risking this high-priority area of the Madsen deposit will be a key component for the mine restart plan, and the team continues to execute the drill program safely and efficiently". The drilling program has been meticulously designed to focus on the more continuous and higher-grade sections of the Austin, South Austin, and North Austin Zones. This strategic approach is set to continue through 2024 as the company works to further define near-term mining inventory and expand the current mineral resource.


For full details, visit: https://westredlakegold.com/west-red-lake-gold-mines-intersects-21-33-g-t-au-over-3-1m-and-6-75-g-t-au-over-9m-at-south-austin-zone-madsen-mine/


Posted on behalf of West Red Lake Gold Mines Ltd.

 
<< Previous
Bullboard Posts
Next >>