Madsen Mine Update: Drilling, Upcoming PFS & More💥⛏️ West Red Lake Gold Mines Ltd. (Ticker: WRLG.v or WRLGF for US investors) has shared progress on its readiness activities to restart gold production at its past-producing Madsen Mine in Ontario's Red Lake Mining District.
With assets in one of the world’s richest gold-producing regions, West Red Lake Gold is positioning the Madsen Mine for a full operational restart, targeted for mid-2025.
Key Updates on Madsen Restart Initiatives:
-
Tailings Dam Lift: Completed on October 8, the tailings dam was raised by four feet, creating over five years of storage capacity at the mine’s 800-tonne-per-day throughput rate. This project was completed under budget and ahead of schedule.
-
Pre-Feasibility Study (PFS): In collaboration with SRK Consulting, the PFS for Madsen’s restart is nearing completion, expected to be published in November. The study builds on recent operational data and detailed engineering to set a strong foundation for the restart.
-
Definition Drilling: Approximately 42,500 meters of drilling have been completed to increase precision in defining mineral resources, aiming to establish high-confidence mining areas. This drilling is expected to support the initial 100,000 ounces of production.
-
Underground Development: Three development crews are progressing underground work, completing over 2,000 meters this year, with a focus on access points for future mining operations.
-
Mill Pre-Commissioning: Key preparations for the mill's restart, set for Q1 2025, are underway, including equipment upgrades and the hiring of all senior mill staff.
-
Test Mining: Initial test mining will begin soon, with the ore stockpiled for batch processing to ensure accurate reconciliation against geologic models.
-
Enhanced Propane Infrastructure: A new propane system with a larger capacity is expected to generate $800,000 in annual savings by centralizing storage and reducing delivery frequency.
With these advancements, West Red Lake Gold continues to progress toward a restart decision at the Madsen Mine, strengthening its operational framework for sustainable production in Ontario’s prolific Red Lake district.
Full update: https://westredlakegold.com/west-red-lake-gold-provides-update-on-madsen-mine-restart-activities/
Posted on behalf of West Red Lake Gold Mines Ltd.