Today, West Red Lake Gold Mines Ltd. (Ticker: WRLG.v or WRLGF for US investors) announced the initiation of its 2024 surface drilling program at the Madsen Mine Property in the Red Lake Gold District, Northwestern Ontario.
The program is set to cover 10,000 meters of NQ diamond drilling, focusing on several high-priority targets identified through a thorough evaluation of geological data.
Notably, the Madsen Mine currently hosts an Indicated resource of 1.65 million ounces of gold, with an additional Inferred resource of 0.37 million ounces,
WRLG's exploration strategy revolves around testing targets based on their location along key structural trends, proximity to the Russet Lake and Venus ultramafic units, and alignment with known mineralized splays along the Madsen structural corridor.
The exploration team, led by Will Robinson, Vice President of Exploration, has identified new targets that share geological characteristics with known resource areas, potentially hosting high-grade gold mineralization.
Key targets include:
-Upper 8: Positioned within the Russet Lake Ultramafic unit, this target is a shallower analog to the high-grade 8-Zone, located 750m up-plunge. Previous drilling indicated strong shearing, alteration, and quartz veining, but the area remains underexplored.
- MJ: A high-grade portion of the Wedge resource, the MJ target is characterized by deformed gold-bearing quartz veins within altered basalt and peridotite. The structure has been delineated over 500m of strike length and remains open for further exploration.
- North Venus: Located 2km northeast of the North Austin zone, this target shows a magnetic signature similar to the Fork splay. The area's geophysical features and proximity to significant geological structures make it a promising exploration site.
- North Starratt: This target is near the historic Starratt Mine, the second-largest producer on the Madsen property. The exploration will focus on the northeast extension of the Starratt mine trend, an area that has seen minimal drilling.
WRLG's drilling efforts are backed by a robust quality assurance and quality control program, ensuring precision and accuracy in sample analysis.
The 2024 drilling program aims to uncover new high-grade zones, adding value to the Madsen property and contributing to WRLG's goal of making significant discoveries in the Red Lake Gold District.
Full news here: 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.