WRLG Intercepts 1.3m @ 44.17 g/t Au at Near-Term Madsen Proj Gold has performed exceptionally well this year, breaking all-time highs (ATHs) and even surpassing $2,400 per ounce at times. This performance has been fueled by global uncertainties and the anticipation of interest rate cuts by the Federal Reserve, which has reinforced gold's role as a safe-haven asset.
https://www.gold.org/goldhub/data
This strong market environment benefits gold-focused explorers like West Red Lake Gold Mines Ltd. (Ticker:WRLG.v or WRLGF for US investors), which is advancing its past-producing Madsen Gold Mine in the Red Lake Gold District of Northwestern Ontario, a region renowned for its high-grade gold deposits.
Last week, WRLG released initial drill results from its Upper 8 target on the Madsen Property, part of an ongoing 10,000-meter surface drilling program. These results include high-grade gold intersections:
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4.1m at 14.20 g/t gold (Au) from 354.8m to 358.9m, including 1.3m at 44.17 g/t Au
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1.85m at 6.33 g/t Au from 332.45m to 334.30m, including 0.5m at 20.63 g/t Au
The Upper 8 target represents a shallower geologic analog to the well-known high-grade 8-Zone, which holds an Indicated resource of 87,700 oz at 18 g/t Au and an Inferred resource of 18,200 oz at 14.6 g/t Au.
With these promising results, WRLG plans to add a second drill rig to the Upper 8 target, aligning with its goal to restart gold production at Madsen in 2025.
Full news here:
https://westredlakegold.com/west-red-lake-gold-intercepts-44-17-g-t-au-over-1-3m-and-20-63-g-t-au-over-0-5m-at-upper-8-target-madsen-property/
Posted on behalf of West Red Lake Gold Mines Ltd.