New High-Grade Results From South Austin Announced Today Today, West Red Lake Gold (WRLG.v WRLGF) announced additional high-grade results from the South Austin Zone at the Madsen Mine, including the intersection of 16.69g/t Au over 8m, 6.17 g/t Au over 17.83m and 7.48g/t Au over 12m.
Located in Ontario's Red Lake Gold District, WRLG's 100% owned Madsen Mine boasts an NI 43-101 indicated resource of 1.65M oz of gold grading 7.4 g/t Gold, an inferred resource of 0.37Moz of gold grading 6.3g/t.
The high-grade South Austin Zone currently contains an Indicated mineral resource of 474,600 ounces grading 8.7g/t Au and an Inferred resource of 31,800 ounces g/t Au.
The purpose of this drilling was definition within South Austin to continue building an inventory of high-confidence ounces for the eventual restart of production at the Madsen mine.
Highlights:
- 8m @ 16.69 g/t Au, from 73m to 81m, Including 1m @ 127.98 g/t Au, from 78m to 79m
- 17.83m @ 6.17 g/t Au, from 69.00m to 86.83m, Including 1m @ 30.05 g/t Au, from 69m to 70m, 1m @ 28.33 g/t Au, from 74m to 75m, and 1m @ 14.59 g/t Au, from 82m to 83m.
- 12m @ 7.48 g/t Au, from 79m to 91m, Including 1m @ 73.56 g/t Au, from 80m to 81m, and 0.5m @ 16.77 g/t Au, from 90.5m to 91m.
- 3.1m @ 21.33 g/t Au, from 83.9m to 87.0m, Including 0.5m @ 32.74 g/t Au, from 85.5m to 86.0m, and 1m @ 28.78 g/t Au, from 86m to 87m
- 2.48m @ 25.77 g/t Au, from 22.00m to 24.48m, Including 0.98m @ 64.35 g/t Au, from 23.50m to 24.48m.
- 9m @ 6.75 g/t Au, from 103m to 112m, Including 0.9m @ 27.91 g/t Au, from 104.0m to 104.9m, and 1m @ 23.47 g/t Au, from 111m to 112m.
- 2.5m @ 17.54 g/t Au, from 21.0m to 23.5m, Including 1m @ 43.63 g/t Au, from 22m to 23m.
Significantly, this high-grade mineralization encountered near the top of the holes is starting to define a new, previously unrecognized footwall lens running sub-parallel to the South Austin zone. Having now been intercepted in ten holes, this area will continue to be an expansion target as drilling continues in the South Austin area.
Shane Williams, President & CEO, stated,
“The exceptional drill results highlighted in this news release really demonstrate the quality of the South Austin zone. We are encouraged by the very broad intercepts of mineralization averaging above 6 grams per tonne gold, which are accentuated by a number of very high-grade intervals. These thicker portions of South Austin could be more amenable to higher tonnage mining methods which is expected to help reduce overall mining costs. Furthermore, the new mineralized lens the team is defining footwall to South Austin between the historic 7 and 9 Levels is quite exciting and demonstrates the discovery potential that still exists within and adjacent to the Madsen deposit.”
The Madsen Mine
For more information on WRLG, check out Rick Rule's latest interview regarding the significant potential of the Madsen Mine: https://www.youtube.com/watch?v=bvYQX6iYOus
Commending WRLG's methodical approach to testing the Mine's potential. Rule details WRLG's success in developing the mine compared to the previous management which ran into a range of pitfalls, thus allowing WRLG to secure the debt-free and fully permitted asset Madsen Mine for only $6M with a $273 million tax write-off and a new $350M 800+ tonne per day mill.
Full News Release: https://westredlakegold.com/west-red-lake-gold-intersects-16-69-g-t-au-over-8m-6-17-g-t-au-over-17-83m-and-7-48-g-t-au-over-12m-at-south-austin-zone-madsen-mine/
Posted on Behalf of West Red Lake Gold Mines Ltd.