With a production history of over 30 million ounces of gold extracted from its fertile grounds, the Red Lake Gold District of Ontario stands as a beacon of opportunity in the realm of mineral exploration.
Earlier this week, West Red Lake Gold Mines Ltd. (Ticker: WRLG.v or WRLGF for US investors) unveiled a comprehensive blueprint for advancing its flagship Madsen Gold Mine in the Red Lake district.
Central to WRLG's strategic agenda is the revitalization of the Madsen Gold Mine, slated for reactivation in the latter half of 2025. A pre-feasibility study, slated for release in early 2025, will illuminate the pathway to this production-restart goal. With meticulous planning underway, WRLG is set to commence critical infrastructure projects in the coming months.
Key among these initiatives is the construction of a 1,200-meter haulage way, connecting the East and West portals at the Madsen Mine. This vital artery promises to enhance operational efficiency, ventilation, and safety standards within the mine. Bolstered by a $33 million financing endeavor, WRLG is primed to materialize its vision with the judicious utilization of flow-through funds.
WRLG also plans to install a permanent primary crusher at the project, marking a pivotal stride in consolidating the Madsen mill's infrastructure. Concurrently, WRLG will embark on a test mining program to evaluate the viability of longhole stoping and cut-and-fill mining methods, pivotal for mitigating operational risks.
In tandem with infrastructural undertakings, WRLG's underground drilling initiatives underscore a concerted drive towards resource delineation and expansion. With two diamond drills slated to operate throughout 2024, WRLG aims to fortify resource confidence while probing prospective zones for expansion.
At the helm of this venture is Shane Williams, President & CEO of WRLG, who expressed unwavering optimism regarding the company's trajectory. "With the recent influx of funds, including $10 million in Canadian Development Expense flow-through funding, we're poised to embark on pivotal projects essential for the resurgence of the Madsen mine," Williams affirmed.
Likewise, Will Robinson, WRLG's VP of Exploration, underscored the efficacy of WRLG's geologic model in guiding drilling activities. "Our refined approach has yielded promising results, affirming the wealth of mineralization awaiting discovery within the Madsen domain," Robinson remarked.
With its comprehensive blueprint for the Madsen Gold Mine unveiled, WRLG is poised to lead a transformation in the Red Lake Gold District. The company's ambitious development plans promise enhanced efficiency, safety, and resource expansion. Anchored by strategic initiatives and bolstered by substantial financing, WRLG is on track to revitalize the Madsen Mine.
More here: https://westredlakegold.com/west-red-lake-gold-outlines-2024-madsen-mine-plans/
Posted on behalf of West Red Lake Gold Mines Ltd.