With the support of billionaire mining Investor Frank Giustra, West Red Lake Gold Mines (Ticker: WRLG.v or for US investors WRLGF) is making waves in the world of gold mining, and for good reason. Their flagship asset, the Madsen Gold Mine, stands as a beacon of success, debt-free and fully permitted. It's equipped with a state-of-the-art mill capable of processing over 800 tonnes per day, complemented by a comprehensive tailings and water treatment facility.
In addition to the Madsen Gold Mine, West Red Lake Gold Mines holds full ownership of the Rowan Gold Project. Situated approximately 15 kilometers away, this asset is perfectly poised to benefit from the strategic synergy with the high-grade resources located at the Madsen mill.
WRLG recently unveiled some exciting drilling results from Rowan which is located in the noteworthy Red Lake Gold District of Northwestern Ontario, Canada. This district has a storied history of high-grade gold mining, and the recent findings are reigniting the excitement.
The drilling endeavor focused on validating historical data and addressing gaps in analytical information resulting from selective sampling techniques in previous campaigns.
The results from this drilling program confirmed the presence of quartz veining and gold mineralization at depth and along strike, often with grades equal to or exceeding those outlined in the current Inferred Mineral Resource. Importantly, this resource remains open in all directions.
Rowan initially started as a narrow vein, high-grade deposit. However, as the drilling program advances, WRLG is delving deeper into the system, exceeding their initial expectations. This progress has even led them to uncover good gold values at greater depths.
One specific example involves the 100 Vein Zone, the northernmost vein within the Rowan vein corridor. Previously considered a lower-grade section, recent drilling revealed higher grades beneath the 150-meter elevation, indicating an increase in gold grades at depth.
Drilling highlights from the Rowan project include:
- 2 meters a 45.20 g/t Au
- 0.5 meters at 101.60 g/t Au
- and 0.5 meters at 42.62 g/t Au
WRLG now views Rowan not as a small satellite deposit but as a potentially substantial feed source for their Madsen project.
The company completed 42 diamond drill holes at Rowan this year, covering a total of 15,772 meters at the Rowan Mine target.
Assay results have only been received for 35 out of the 42 holes, with two having partial results and five pending further assays and quality control.
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Posted on behalf of West Red Lake Gold Mines Ltd.