WRLG Launches 2024 Drilling Campaign at Madsen Mine Property On Tuesday, West Red Lake Gold Mines Ltd. (Ticker: WRLG.v, WRLGF for U.S. investors) announced the commencement of its 2024 surface drilling initiative at the Madsen Mine Property, located in the Red Lake Gold District of Northwestern Ontario. This drilling program is designed to span 10,000 meters using NQ diamond drilling technology, focusing on several high-priority exploration targets identified through comprehensive geological data analysis.
Resource Overview
The Madsen Mine currently boasts an Indicated resource of 1.65 million ounces of gold, supplemented by an Inferred resource of 0.37 million ounces. WRLG’s exploration strategy is centered around testing targets strategically selected for their location along significant structural trends, proximity to the Russet Lake and Venus ultramafic units, and alignment with known mineralized splays along the Madsen structural corridor.
Exploration Strategy and Targets
Under the leadership of Will Robinson, Vice President of Exploration, the team has pinpointed new targets that share geological similarities with established resource areas, offering potential for high-grade gold mineralization, these include:
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Upper 8: An underexplored area where previous drilling revealed strong shearing, alteration, and quartz veining.
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MJ: A high-grade section of the Wedge resource with gold-bearing quartz veins within altered basalt and peridotite, extending over 500 meters.
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North Venus: Positioned 2 kilometers northeast of North Austin, this target shows a magnetic signature similar to the Fork splay and has promising geological features.
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North Starratt: Near the historic Starratt Mine, this target focuses on the northeast extension of the mine trend, with minimal prior drilling.
Overall, the 2024 drilling program aims to identify new high-grade gold zones, enhancing the value of the Madsen property and advancing WRLG’s objective of making substantial discoveries within the Red Lake Gold District.
https://westredlakegold.com/west-red-lake-gold-initiates-surface-drill-program-and-defines-new-exploration-targets-madsen-mine/
Posted on behalf of West Red Lake Gold Mines Ltd.