Today, West Red Lake Gold Mines Ltd. (Ticker: WRLG.v or WRLGF for U.S. investors) announced significant high-grade drill results from its near-term Madsen Gold Mine in Ontario's Red Lake District.
West Red Lake Gold Mines is focused on advancing its Madsen Mine and exploring its other properties, including the Rowan Property, in the highly productive Red Lake Gold District, which has produced over 30 million ounces of gold.
Today's results, from drilling focused on the Austin Zone, are part of WRLG's ongoing drilling efforts to define high-confidence ounces as the company prepares for the mine's restart in the second half of 2025.
Key highlights from the drilling include:
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4m grading 54.19 g/t Au, including 1m at 215.61 g/t Au
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3.53m grading 23.73 g/t Au, including 1m at 79.81 g/t Au
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3m grading 24.49 g/t Au, including 1m at 71.02 g/t Au.
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6m grading 11.65 g/t Au, including 1.05m at 47.27 g/t Au.
The Austin Zone currently holds an indicated mineral resource of 914,200 ounces of gold at 6.9 g/t Au and an inferred resource of 104,900 ounces at 6.5 g/t Au.
WRLG's drilling aims to support the pre-feasibility study and the mine's restart. WRLG is also focusing on deeper sections of the deposit that were previously mined selectively when gold was valued at $20-$40 per ounce.
The current gold price, over $2,500 per ounce, makes these areas more economically viable.
Full press release here: https://westredlakegold.com/west-red-lake-gold-intersects-54-19-g-t-au-over-4m-and-23-73-g-t-au-over-3-53m-at-austin-madsen-mine/
Posted on behalf of West Red Lake Gold Mines Ltd.