West Red Lake Gold Mines Ltd. (Ticker:WRLG.v or WRLGF for US investors) has announced significant drill results from its 100%-owned Madsen Mine in Ontario's Red Lake Gold District, further supporting the mine's potential restart in 2025.
WRLG is focused on advancing the Madsen Gold Mine, a 47 km² property in the Red Lake district, which has historically produced over 30 million ounces of gold. Along with Madsen, WRLG also owns the Rowan Property, which includes three past-producing gold mines.Recent drilling in the Austin Zone produced high-grade gold intersections, including:
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4m @ 54.19 g/t gold, including 1m @ 215.61 g/t
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3.53m @ 23.73 g/t gold, including 1m @ 79.81 g/t
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6m @ 11.65 g/t gold, including 1.05m @ 47.27 g/t
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3m @ 24.49 g/t gold, including 1m @ 71.02 g/t
These results highlight the high-grade potential of the Austin Zone, which currently has an Indicated resource of 914,200 ounces at 6.9 g/t gold and an additional Inferred resource of 104,900 ounces at 6.5 g/t gold.
With multiple positive drilling results, including the ones above, WRLG has seen consistent positive share price movement. WRLG's share price is recovering towards its mid-April highs, reflecting growing confidence in the company’s potential.
WRLG is working to restart production at Madsen by the second half of 2025, with a pre-feasibility study underway to support the effort. The company is targeting unmined high-grade areas left from historical operations, capitalizing on higher gold prices to unlock substantial resource potential.
By continuing its infill drilling and exploring deeper sections of the Austin Zone, WRLG aims to strengthen confidence in the resource, supporting its restart timeline.
Full news here: https://westredlakegold.com/west-red-lake-gold-intersects-54-19-g-t-au-over-4m-and-23-73-g-t-au-over-3-53m-at-austin-madsen-mine/
Posted on behalf of West Red Lake Gold Mines Ltd.