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West Red Lake Gold Mines Ltd V.WRLG

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

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) highly prospective land package in the Red Lake district of Ontario. The Madsen Property comprises a contiguous group of approximately 251 mining leases, mining patents and unpatented mining claims covering an aggregate area of 4,648 hectares (46.5 km2). It also holds the wholly owned Rowan Property in Red Lake, with an expansive property position covering 31 km2 including three past producing gold mines: Rowan, Mount Jamie, and Red Summit. The Rowan Property is comprised of 146 claims, including 58 patented claims, 20 leased, 65 staked crowns and three under license of occupation. The 3,100-hectare Rowan Property covers 12 km of strike length on the regional east-west trending Pipestone Bay St Paul Deformation Zone.


TSXV:WRLG - Post by User

Post by 1StockInformeron Jul 09, 2024 8:00pm
188 Views
Post# 36125452

TODAY: WRLG Reports More Drill Results from N. Austin Zone

TODAY: WRLG Reports More Drill Results from N. Austin Zone

Today, West Red Lake Gold Mines Ltd. (Ticker: WRLG.v or WRLGF for US investors) announced promising drill results from its 100% owned Madsen Mine, located in the Red Lake Gold District of Northwestern Ontario, Canada. This latest update highlights the significant potential of the project's North Austin Zone, a new area of high-grade mineralization that extends the current Madsen resource to the northeast.


Geological Context

The North Austin Zone, situated in the footwall of the main Austin Zone, is part of a larger mineralized system characterized by broad, kilometer-scale alteration and deformation corridors. The area has been subjected to intense deformation and high-temperature metamorphism, leading to the formation of a skarn-like replacement mineral assemblage.

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Gold mineralization at the Madsen Mine is typically identified by fine grains of free gold within strong alteration and veining. The presence of pervasive silicification and quartz-carbonate or diopside veining further indicates high-grade zones within the mineralized structure.


Drill Results Overview

The recent drilling program, conducted from underground, was aimed at expanding the North Austin Zone both down-plunge and to the northeast. The results were noteworthy, with multiple high-grade intersections, including:

  • 10 meters at 13.40 g/t Au, including 1.0 meter at 85.61 g/t Au.

  • 3 meters at 12.21 g/t Au, including 1.0 meter at 32.84 g/t Au.

  • 16.98 meters at 3.12 g/t Au, including 0.98 meter at 11.78 g/t Au and 0.79 meter at 15.60 g/t Au.


These intersections are significant, as they not only confirm the presence of high-grade gold mineralization but also suggest the potential for further resource expansion in the North Austin Zone.


Future Outlook

WRLG's current underground drilling program at the Madsen Mine focuses on defining near-term mining inventory and expanding the current mineral resource. The strategy includes targeting the more continuous and higher-grade portions of the Austin, South Austin, and North Austin Zones, with continued drilling planned into 2025.


Shane Williams, President & CEO of WRLG, highlighted the significance of the recent drill results and the company's future plans, stating, “With the team now working towards a planned mine restart in the second half of 2025, the drills at Madsen will continue to delineate and define the high-value mineral inventory needed to support that objective.”


Full news here: https://westredlakegold.com/west-red-lake-gold-intersects-13-40-g-t-au-over-10m-and-12-21-g-t-au-over-3m-at-north-austin-zone-madsen-mine/


Posted on behalf of West Red Lake Gold Mines Ltd.

 
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