WRLG.v Intersects 37.33 g/t Gold over 2.79m @ Madsen Project Yesterday, West Red Lake Gold Mines Ltd. (Ticker: WRLG.v or WRLGF for US investors) announced promising drill results from its 100% owned Madsen Mine in the Red Lake Gold District of Northwestern Ontario.
The latest data focuses on the North Austin Zone, revealing significant high-grade gold mineralization. This zone, adjacent to existing underground development, represents a near-surface target that could be prioritized in future mining operations.
The drilling aimed to extend the mineralization down-plunge to the northeast. The results demonstrated continuity within one of the three main ore shoots targeted, showcasing down-plunge continuity over approximately 30 meters.
Key highlights from the drill program include:
- 2.79 m at 37.33 g/t Au, including 1.0 m at 88.06 g/t Au
- 9.02 m at 5.26 g/t Au, including 0.88 m at 22.34 g/t Au and 0.5 m at 26.18 g/t Au, and an additional 2.54 m at 5.21 g/t Au
- 1.57 m at 25.12 g/t Au, including 1.0 m at 31.47 g/t Au
- 2 m at 9.5 g/t Au, including 1.0 m at 17.94 g/t Au
Shane Williams, President & CEO of WRLG, expressed optimism regarding the North Austin Zone's potential, stating, "Defining new areas of mineralization outside of, but adjacent to, the known deposit will continue to be a priority at Madsen and further solidifies our strategy with continuing to de-risk the asset while also taking full advantage of high-grade, near-mine organic growth opportunities."
The North Austin Zone's mineralization remains open down-plunge and along strike to the northeast, emphasizing its significance as a priority expansion target. This area, characterized by 'mine-style' alteration and mineralization, spans a strike length of 0.5 kilometers and exhibits features indicative of high-grade gold zones, such as visible gold within strong alteration and veining.
The underground drilling program at Madsen Mine continues to focus on defining near-term mining inventory and expanding the current mineral resource. WRLG aims to enhance its understanding of the more continuous and higher-grade sections of the Austin, South Austin, and North Austin Zones, maintaining this strategy into 2024.
These latest findings not only bolster WRLG's confidence in the Madsen Mine's potential but also align with the company's ongoing efforts to maximize resource development and value creation as the prepare for planned mine restart by 2025.
Full news here:
https://westredlakegold.com/west-red-lake-gold-intersects-37-33-g-t-au-over-2-79m-and-5-26-g-t-au-over-9-0m-at-north-austin-zone-madsen-mine/
Posted on behalf of West Red Lake Gold Mines Ltd.