WRLG.v Reports Significant Gold Drill Intercepts West Red Lake Gold Mines Ltd. (Ticker: WRLG.v or WRLGF for US investors) recently shared noteworthy drilling results from its flagship Madsen Gold Mine, situated in the prolific Red Lake Gold District of Northwestern Ontario, Canada.
This district, renowned for its rich gold deposits, has historically produced over 30 million ounces of gold from high-grade zones.
The South Austin Zone hosts an indicated mineral resource of 474,600 ounces of gold at a grade of 8.7 grams per tonne (g/t), alongside an inferred resource of 31,800 ounces at the same grade.
The findings from the latest drilling initiative at the South Austin Zone underscore the presence of high-grade gold mineralization. WRLG’s exploration efforts are directed towards compiling an inventory of high-confidence ounces to support the future restart of production at the Madsen Mine.
Key high-grade intercepts reported include:
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8m at 16.69 g/t Au, including 1m at 127.98 g/t Au
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17.83m at 6.17 g/t Au, including 1m at 30.05 g/t Au
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12m at 7.48 g/t Au, including 1m at 73.56 g/t Au
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3.1m at 21.33 g/t Au, including 0.5m at 32.74 g/t Au
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2.48m at 25.77 g/t Au, including 0.98m at 64.35 g/t Au
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and 2.5m at 17.54 g/t Au, including 1m at 43.63 g/t Au
The drilling has also uncovered a new, previously unrecognized footwall lens running sub-parallel to the South Austin Zone. This new mineralized lens has been intercepted in ten holes and will be a major expansion target as WRLG continues its exploration in the South Austin area.
The ongoing underground drilling program at the Madsen Mine aims to further delineate the near-term mining inventory and expand the current mineral resource. The focus throughout 2024 will remain on the more continuous and higher-grade sections of the Austin, South Austin, and North Austin Zones.
West Red Lake Gold Mines Ltd. continues to advance its exploration endeavors, seeking to unlock the full potential of the Madsen Gold Mine and significantly contribute to the esteemed legacy of the Red Lake Gold District.
Full news: 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.