Last week, West Red Lake Gold Mines Ltd. (Ticker: WRLG.v or WRLGF for US investors) announced new high-grade drill results from the South Austin Zone at its 100%-owned Madsen Mine in the Red Lake Gold District of Northwestern Ontario.
The South Austin Zone contains an Indicated resource of 474,600 ounces of gold grading 8.7 g/t Au, along with an Inferred resource of 31,800 ounces.
WRLG's ongoing underground drilling program is designed to define high-confidence ounces and identify new mineralized zones, including a footwall lens in South Austin.
Key results from the recent announcement include:
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18.11 g/t Au over 2.76m, including 42.01 g/t Au over 1m
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9.21 g/t Au over 3.8m, including 22.77 g/t Au over 0.75m
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10.35 g/t Au over 3m, including 27.43 g/t Au over 1m
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and 37.09 g/t Au over 3.12m, including 174.28 g/t Au over 0.62m
These results build on earlier intercepts from September 2024 and help advance the company’s goal of restarting gold production at the Madsen Mine by H2 2025. A pre-feasibility study is also expected soon, further supporting the restart plans.
The continued success of WRLG’s underground drilling at the South Austin Zone underscores the significant potential of the Madsen Mine as the company moves toward its production restart goal.
With high-grade intercepts reinforcing the mineral resource base and the upcoming pre-feasibility study, WRLG is positioning itself to capitalize on its high-confidence ounces. As exploration progresses and new mineralized zones are identified, the company is well-equipped to meet its timeline for a smooth and sustainable ramp-up to full production.
Full news here: https://westredlakegold.com/west-red-lake-gold-intersects-37-09-g-t-au-over-3-12m-and-18-11-g-t-au-over-2-76m-at-south-austin-madsen-mine/
Posted on behalf of West Red Lake Gold Mines Ltd.