Yesterday, West Red Lake Gold (WRLG.v WRLGF) announced drill results from its 100% owned Madsen Mine in the Red Lake Gold District, intersecting 17.77g/t Au over 5.5m at McVeigh and 7.35g/t Au over 12.12m at Austin.
The results are from the high-grade Austin and McVeigh Zones where WRLG is aiming to build a high-confidence inventory to support the restart of production at the mine in H2 2025.
Current Resources
- Austin Zone: Contains an Indicated mineral resource of 914,200 oz grading 6.9 g/t Au, with an additional Inferred resource of 104,900 oz grading 6.5 g/t Au.
- McVeigh Zone: Contains an Indicated mineral resource of 79,800 oz grading 6.4 g/t Au, with an additional Inferred resource of 14,300 oz grading 6.9 g/t Au.
Recent Drill Highlights
McVeigh Zone:
- 5.5m @ 17.77 g/t Au, including 2.2m @ 38.56 g/t Au.
- 2m @ 36.62 g/t Au, including 0.6m @ 100.44 g/t Au.
- 5m @ 10.82 g/t Au, including 1m @ 11.44 g/t Au.
- 0.6m @ 89.93 g/t Au.
Austin Zone:
- 12.12m @ 7.35 g/t Au, including 2.5m @ 19.39 g/t Au.
- 7m @ 11.06 g/t Au, including 1.87m @ 28.14 g/t Au.
- 6.3m @ 6.04 g/t Au, including 1m @ 12.60 g/t Au.
Strategy and Future Plans
With a pre-feasibility study is expected in the coming months, the drilling aims to define priority areas within the Austin and McVeigh Zones, contributing to the restart of production.
WRLG will continue drilling in 2024 to further define and expand the mineral resource, focusing on the more continuous and higher-grade portions of these zones.
Expressing optimism about the exceptional drill results from McVeigh and Austin and highlighting the potential for significant upside in the Madsen deposit, WRLG President & CEO Shane Williams, commented:
“The exceptional drill results that continue to be produced from McVeigh are very encouraging and highlight the opportunity that remains in this shallow, high-grade, easily accessible portion of the Madsen deposit. The Austin zone also continues to impress with solid results that help to strengthen our view that the Madsen deposit has plenty of meat left on the bones while also offering significant upside as we continue to access deeper portions of the main deposit.”
Full News Release: https://westredlakegold.com/west-red-lake-gold-intersects-17-77-g-t-au-over-5-5m-at-mcveigh-and-7-35-g-t-au-over-12-12m-at-austin-madsen-mine/
Posted on Behalf of West Red Lake Gold Mines Ltd.