Today, West Red Lake Gold Mines Ltd. (Ticker: WRLG.v or WRLGF for U.S. investors) announced significant drill results from its 100% owned Madsen Mine, situated in the Red Lake Gold District of Northwestern Ontario, Canada.
The Austin Zone, with an Indicated mineral resource of 914,200 ounces grading 6.9 g/t Au, and the McVeigh Zone, with an Indicated resource of 79,800 ounces grading 6.4 g/t Au, yielded positive drilling results.
Highlights from the McVeigh Zone include:
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5.5m @ 17.77 g/t Au, Including 2.2m @ 38.56 g/t Au and 0.5m @ 19.15 g/t Au
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2m @ 36.62 g/t Au, Including 0.6m @ 100.44 g/t Au
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5m @ 10.82 g/t Au, Including 1m @ 11.44 g/t Au and including 0.5m @ 64.71 g/t Au and 0.6m @ 89.93 g/t Au
The Austin Zone results were also promising:
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12.12m @ 7.35 g/t Au, Including 2.5m @ 19.39 g/t Au
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7m @ 11.06 g/t Au, Including 0.51m @ 15.72 g/t Au and 1.87m @ 28.14 g/t Au
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6.3m @ 6.04 g/t Au, Including 0.67m @ 13.82 g/t Au and 1m @ 12.60 g/t Au
Today's drill findings expand upon the intercepts reported on August 12, 2024, which included 107.61 g/t Au over 2.5 meters at Austin and 106.99 g/t Au over 2.35 meters at McVeigh.
These efforts aim to further delineate high-confidence ounces in key zones, backing the planned H2 2025 gold production restart at the Madsen Mine.
A pre-feasibility study is expected to be completed in the coming months to back this goal.
Shane Williams, President & CEO, emphasized the significance of these findings, particularly in the shallow, high-grade McVeigh Zone and the continually promising Austin Zone.
Both zones are key to WRLG's strategy to build a robust inventory as they prepare for the mine's restart.
Full press release: https://westredlakegold.com/west-red-lake-gold-intersects-17-77-g-t-au-over-5-5m-at-mcveigh-and-7-35-g-t-au-over-12-12m-at-austin-madsen-mine/
Posted on behalf of West Red Lake Gold Mines Ltd.