Gold Discovery Breakthrough at Madsen Mine Enhances Value
Impressive Gold Intersections at Madsen Mine
VANCOUVER, British Columbia, West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG”) (TSX-V: WRLG) (OTCQB: WRLGF) is excited to share remarkable drill results from its fully owned Madsen Mine located in one of the most productive gold districts in Ontario.
Unlocking Underground Potential
CEO Shane Williams shared, "Our continued underground definition drilling program at Madsen is unveiling substantial value within the orebody. The intricate details being gathered from tight-spaced drilling are crucial for quantifying and maximizing the high-grade gold pockets ahead of stope design. This recent update highlights growth potential right below Stope 6 and demonstrates the increased continuity we are observing in depth drilling. Following excellent reconciliation results from our bulk sampling campaign, the positive trends in the rising gold market keep our team motivated as we prepare to ramp up production later this year.
Details from the Recent Drill Results
The discussed drill results focus mainly on the high-grade South Austin Zone. Presently, this zone boasts an Indicated mineral resource of 474,600 ounces (oz), with a remarkable grade of 8.7 grams per tonne (g/t) gold. In addition, there are an estimated 31,800 oz with an Inferred resource of the same grade.
The area explored recently lies directly under Stope 6 from our most recent bulk sampling campaign, positioning the current drilling 300 meters downward from previously reported exceptional intercepts. These include results such as 114.26 g/t Au over 10.6 meters and 77.90 g/t Au over 3 meters. The South Austin zone’s potential for significant grade and thickness continues to unfold through ongoing definition drilling.
Key Highlights from Recent Drilling Campaign
Noteworthy Intersections:
- Hole MM25D-12-4669-024: Intersected 18.7m @ 48.97 g/t Au, including 2m @ 428.83 g/t Au.
- Hole MM25D-12-4669-011: Encountered 4.5m @ 52.86 g/t Au, with a peak of 213.62 g/t Au over 1m.
- Hole MM25D-12-4669-004: Revealed 7.5m @ 25.49 g/t Au, featuring an impressive 159.88 g/t Au over 1m.
- Hole MM25D-12-4669-021: Showed 20.05m @ 8.94 g/t Au, with significant inclusions as well.
Future Exploration Plans
The main goal of this drilling campaign is to further define the resource within the priority sections of South Austin, which is crucial for supporting the anticipated restart of production within the next year. Ongoing drilling efforts are aimed at expanding upon the existing substantial high-confidence inventory of gold resources.
Understanding the Madsen Mine Geology
The South Austin Zone is accessed through the West Portal of Madsen Mine and is located within the extensive alteration and deformation corridors that are rich in mineralization. The overall geology is characterized by configurations and structures that have been shaped through extensive historical geological events including high temperature amphibolite facies metamorphism.
Interestingly, gold-bearing zones in the Madsen Mine can often be identified visually. Many intervals contain visible gold within the drilled core, with characteristics that accompany strong alterations and the presence of specific veining. The mining strategy moving forward focuses on tapping into higher-grade areas across the districts of Austin, South Austin, North Austin, and McVeigh Zones.
Quality Assurance and Control
Assurance in the quality of our exploration is paramount. All drilling processes at the Madsen Mine involve BQ-sized diamond drill cores for accurate detail during definition programs, while NQ-sized cores are utilized for broader exploration drills. A systematic logging and sampling protocol ensures all operations yield reliable data.
With a well-structured Quality Management System in place, we strive to uphold high standards throughout every stage of mineral exploration.
Looking Ahead
West Red Lake Gold Mines Ltd. is committed to further advancing the Madsen Gold Mine and is excited to see the momentum gaining in our drilling campaigns and the overall progress at the property.
Contact Information
For further details, please contact Gwen Preston, Vice President Communications at (604) 609-6132 or via email at investors@wrlgold.com. More information can be found on the official website here.
Frequently Asked Questions
What were the key findings from West Red Lake Gold's recent drilling?
The recent drilling revealed impressive gold grades, including intersections of 48.97 g/t Au over 18.7 meters and other high-grade results in various drill holes.
What is the significance of the South Austin Zone?
The South Austin Zone currently holds an Indicated mineral resource of 474,600 ounces, showcasing its potential as a significant contributor to the overall resource at Madsen Mine.
When is production expected to ramp up at Madsen Mine?
Production is anticipated to ramp up in the latter half of 2025 as indicated by the ongoing drilling and positive market trends.
How is the Madsen Mine geology characterized?
It features significant geological deformation and alteration corridors known for high-grade mineralization associated with numerous historical geological processes.
How does West Red Lake Gold ensure exploration quality?
Through systematic sampling, logging, and a rigorous quality management system, the company upholds high standards throughout the exploration and drilling processes.
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