Today, West Red Lake Gold (WRLG.v WRLGF) announced that has poured a gold bar from the cleanup using the refinery in the Madsen Mill!
The gold was recovered during the Madsen Mill cleanup and gold recovery program at WRLG's 100% owned Madsen Mine and was poured using the Mills gold refinery which is operating smoothly after 18 months of inactivity.
WRLG President and CEO, Shane Williams, “It is very exciting to be pouring gold again at the Madsen Mill. Recovering trapped gold is another validation of the opportunity that’s available for us to unlock at the Madsen Mine. With gold worth approximately US$2,300 per ounce, recovering these ounces from the mill will help bolster our treasury. And the excitement of pouring gold again at the mine is further energizing our team as we push to get Madsen back into production in the second half of 2025.”
Due to the visual evidence that installation and operational missteps by the prior operator, WRLG undertook a mill cleanup program because parts of the mill had created "traps" resulting in gold being caught up in these physical traps in stead of making it through the mill.
A preliminary mill cleanup in late 2023 recovered 415 troy ounces of gold with proceeds of ~US$750,000 from material trapped in the mill, which would have impacted the previous operator's reconciliation numbers, and can be minimized or eliminated through the installation of proper equipment and mill operations expertise.
The rest of the collected material, including the remining gold fines, will now be sent off-site for processing, and the total amount of gold recovered through the cleanup program will be announced after completion.
The Madsen Mine
Located in Ontario's Red Lake Gold District, WRLG's 100% owned Madsen Mine boasts an NI 43-101 indicated resource of 1.65M oz of gold grading 7.4 g/t Gold, an inferred resource of 0.37Moz of gold grading 6.3g/t.
Significantly, WRLG secured the debt-free and fully permitted asset Madsen Mine for only $6M with a $273 million tax write-off and a new $350M, 800+ tonne per day mill, despite its previous valuation of over a billion dollars, about 8x the current market cap of WRLG, due to previous mismanagement.
Previous News
This news comes on the heels of additional high-grade results from the South Austin Zone at the Madsen Mine, including the intersection of 16.69g/t Au over 8m, 6.17 g/t Au over 17.83m and 7.48g/t Au over 12m.
Notably, this high-grade mineralization encountered near the top of the holes is starting to define a new, previously unrecognized footwall lens running sub-parallel to the South Austin zone. Having now been intercepted in ten holes, this area will continue to be an expansion target as drilling continues in the South Austin area.
For more information on WRLG, check out Rick Rule's latest interview regarding the significant potential of the Madsen Mine:
https://www.youtube.com/watch?v=bvYQX6iYOus Full News Release:
https://westredlakegold.com/west-red-lake-gold-pours-gold-bar-from-madsen-mill-cleanup/ Posted on Behalf of West Red Lake Gold Mines Ltd.