Yesterday, West Red Lake Gold Mines Ltd. (Ticker: WRLG.v or WRLGF for US investors) announced significant drill results from its flagship Madsen Gold Mine located in the highly productive Red Lake Gold District of Northwestern Ontario, Canada. The Red Lake Gold District, known for yielding over 30 million ounces of gold from high-grade zones, hosts some of the world's richest gold deposits.
WRLG's latest drilling campaign at the South Austin Zone within the Madsen Mine has yielded impressive results, confirming the presence of high-grade gold mineralization. The company's exploration efforts are focused on building an inventory of high-confidence ounces to support the eventual restart of production at the Madsen Mine.
Key Drill Results
The drilling program targeted the South Austin Zone, which contains an Indicated mineral resource of 474,600 ounces of gold grading 8.7 grams per tonne (g/t) and an Inferred resource of 31,800 ounces grading 8.7 g/t gold. The drill results included notable high-grade intercepts such as:
- 8 meters (m) at 16.69 g/t Au, including 1m at 127.98 g/t Au
- 17.83m at 6.17 g/t Au, including 1m at 30.05 g/t Au
- 12m at 7.48 g/t Au, including 1m at 73.56 g/t Au
- 3.1m at 21.33 g/t Au, including 0.5m at 32.74 g/t Au
- 2.48m at 25.77 g/t Au, including 0.98m at 64.35 g/t Au
- and 2.5m at 17.54 g/t Au, including 1m at 43.63 g/t Au
Discovery of a New Footwall Lens
The drilling has also identified a new, previously unrecognized footwall lens running sub-parallel to the South Austin zone. This new mineralized lens has been intercepted in ten holes and will be a key expansion target as WRLG continues its exploration in the South Austin area.
Leadership Perspective
Shane Williams, President & CEO of WRLG, expressed optimism about the results, stating, "The exceptional drill results highlighted demonstrate the quality of the South Austin zone. We are encouraged by the broad intercepts of mineralization averaging above 6 grams per tonne gold, which are accentuated by very high-grade intervals. These thicker portions of South Austin could be more amenable to higher tonnage mining methods, expected to reduce overall mining costs. Furthermore, the new mineralized lens in the footwall to South Austin demonstrates the discovery potential that still exists within and adjacent to the Madsen deposit."
Future Plans
The current underground drilling program at the Madsen Mine aims to further define the near-term mining inventory and expand the current mineral resource. The focus will remain on the more continuous and higher-grade portions of the Austin, South Austin, and North Austin Zones throughout 2024.
West Red Lake Gold Mines Ltd. continues to advance its exploration efforts, aiming to unlock the full potential of the Madsen Gold Mine and contribute significantly to the rich legacy of the Red Lake Gold District.
Full press release here: https://westredlakegold.com/west-red-lake-gold-intersects-16-69-g-t-au-over-8m-6-17-g-t-au-over-17-83m-and-7-48-g-t-au-over-12m-at-south-austin-zone-madsen-mine/
Posted on behalf of West Red Lake Gold Mines Ltd.