Today's Positive Drill Results From Madsen Mine Today, West Red Lake Gold (WRLG.v WRLGF) reported encouraging drill results from its 100% owned Madsen Mine in the Red Lake Gold District of Northwestern Ontario.
The focus of the drilling was on the high-grade Austin and McVeigh Zones, with the goal of building a high-confidence inventory of ounces to support the planned restart of production in the second half of 2025.
Key Highlights:
Austin Zone: The Austin Zone currently has an Indicated mineral resource of 914,200 ounces of gold grading 6.9 g/t, with an additional Inferred resource of 104,900 ounces grading 6.5 g/t. Notable drill results include:
- 2.5 meters at 107.61 g/t Au, including 1 meter at 252.10 g/t Au.
- 11.77 meters at 7.04 g/t Au, including 0.77 meters at 34.91 g/t Au.
McVeigh Zone: The McVeigh Zone has an Indicated mineral resource of 79,800 ounces of gold grading 6.4 g/t, with an additional Inferred resource of 14,300 ounces grading 6.9 g/t. Significant drill results include:
- 2.35 meters at 106.99 g/t Au, including 0.5 meters at 479.09 g/t Au.
- 4.1 meters at 10.13 g/t Au.
Shane Williams, WRLG President & CEO, stated,
“The team continues to make great progress with the underground definition drill program at Madsen. We always had high expectations for the Austin Zone, which makes up the bulk of the existing resource, but to see this zone capable of producing gold grades in excess of 250 grams per tonne over meaningful widths is particularly exciting and underscores the upside that still exists within the main deposit. Additionally, the results coming out of McVeigh are quite positive. With a better understanding of the geologic model, structural controls and ore distribution in McVeigh, we are seeing renewed potential in this area.”
Aiming to complete a pre-feasibility study to support the mine's restart and continuing to focus on defining the mineral resource through underground drilling, the recent results underscore the potential of the Austin Zone, which could deliver gold grades exceeding 250 g/t over significant widths, highlighting the project's upside.
The drilling program will continue through 2024, concentrating on the most continuous and higher-grade areas within the Austin, South Austin, North Austin, and McVeigh Zones to further enhance the mineral resource and prepare for the restart of production.
Full News Release:
https://westredlakegold.com/west-red-lake-gold-intersects-107-61-g-t-au-over-2-5m-at-austin-and-106-99-g-t-au-over-2-35m-at-mcveigh-madsen-mine/ Posted on Behalf of West Red Lake Gold Mines Ltd.