West Red Lake Gold Mines Ltd WRLGF

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

Metals & Mining Gold

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.

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West Red Lake Gold Mines Ltd

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Post by 1StockInformeron Aug 26, 2024 6:47pm

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Post# 36196853

WRLG Advances Madsen w/ High-Grade Infill & Surface Drilling

West Red Lake Gold Mines (Ticker: WRLG.v, WRLGF for U.S. investors) is advancing its Madsen Mine project, a high-grade gold deposit in the Red Lake Gold District of Northwestern Ontario. Recent developments, as highlighted in WRLG's recent video titled "Why Did Our News On August 12 Matter?", reflect the company's strategic efforts to restart the mine by 2025, driven by an extensive infill drilling program and a new surface drill campaign.

Infill Drilling at Austin and McVeigh Zones

The infill drilling at the Austin and McVeigh zones within the Madsen Mine, featured in the video, has been a focal point. The Austin zone, which hosts a significant portion of the deposit's indicated resources, has been the primary target.

The drilling aims to precisely map gold concentrations, minimizing waste and improving the efficiency of future mining operations. The latest drill results from Austin include high-grade intercepts such as 107.61 g/t Au over 2.5m, including 252.10 g/t Au over 1m.

The McVeigh zone, known for its geological complexity and high-grade historical results, has also delivered impressive outcomes. Notably, WRLG intersected 106.99 g/t Au over 2.35m, including 479.09 g/t Au over 0.5m.

r/PennyStocksCanada - West Red Lake Gold Mines (WRLG) Advances Madsen Mine Project with High-Grade Infill and Surface Drilling, Targeting 2025 Restart

These high-grade results, discussed in the video, reinforce the potential of both zones and align with WRLG's goal of building a high-confidence inventory of minable ounces to support the 2025 restart.

Surface Drilling Program

In addition to underground efforts, WRLG has launched a 2024 surface drilling program, covering up to 10,000 meters across high-priority targets on the Madsen property. The surface program aims to uncover new high-grade gold mineralization, potentially adding significant value to the Madsen property.

WRLG’s methodical approach, combining infill and surface drilling, underscores its commitment to unlocking the full potential of the Madsen Mine. As the company progresses towards its 2025 restart goal, these drilling programs will play a critical role in shaping the future of the project and solidifying WRLG's position in the gold mining sector.

Full video here: