West Red Lake Gold Reports High-Grade Drill Intersections
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West Red Lake Gold Highlights Recent Drill Results
West Red Lake Gold Mines Ltd. (TSX-V: WRLG) (OTCQB: WRLGF) is excited to present its latest drill results from the Madsen Mine, a wholly-owned asset located in the renowned Red Lake Gold District.
Key Findings from the Austin and McVeigh Zones
The drill results focus on the high-grade Austin and McVeigh Zones, which are integral to the Madsen Mine's resource profile. The Austin Zone currently boasts an Indicated mineral resource of 914,200 ounces at a grade of 6.9 grams per tonne of gold (g/t Au) and an Inferred resource of 104,900 ounces grading 6.5 g/t Au. Furthermore, the McVeigh Zone contains an Indicated mineral resource of 79,800 ounces at a grade of 6.4 g/t Au, along with an Inferred resource of 14,300 ounces grading 6.9 g/t Au.
Drilling Highlights at McVeigh Zone
Recent drilling at the McVeigh Zone has yielded remarkable results, including:
- Hole MM24D-01-4081-025: Intersected 5.5 meters (m) at 17.77 g/t Au, including 2.2 m at 38.56 g/t Au.
- Hole MM24D-01-4081-028: Intersected 2 m at 36.62 g/t Au, with a notable 0.6 m at 100.44 g/t Au.
- Hole MM24D-01-4081-027: Intersected 5 m at 10.82 g/t Au, featuring intervals of 1 m at 11.44 g/t Au.
- Hole MM24D-01-4081-039: Recorded 0.6 m at 89.93 g/t Au from 50.0 m depth.
Austin Zone Results
The Austin Zone also displayed significant gold intersections, such as:
- Hole MM24D-09-4796-025: Intersected 12.12 m at 7.35 g/t Au, including 2.5 m at 19.39 g/t Au.
- Hole MM24D-09-4796-023: Encounters included 7 m at 11.06 g/t Au.
- Hole MM24D-09-4796-029: Assayed 6.3 m at 6.04 g/t Au with several high-grade intervals.
Future Production Plans
The drilling efforts are primarily focused on developing a robust inventory of high-confidence ounces that will underpin the planned restart of production at the Madsen Mine, anticipated to begin in the latter half of 2025. A pre-feasibility study to support this initiative is underway.
Geological Insights
The geological context of the Austin and McVeigh zones reveals that they are situated within broad alteration corridors developed during multiple phases of deformation and metamorphism. In particular, the North Austin Zone is characterized by extensive alteration and reveals several rich mineralized domains.
Company Overview
West Red Lake Gold Mines Ltd. is dedicated to exploring and developing quality gold assets within the prolific Red Lake district in Ontario. With a significant presence in the area and the backing of a robust mineral resource estimate, the company is strategically positioned for future growth.
Contact Information
For more information about West Red Lake Gold Mines Ltd. and their projects, please contact:
Freddie Leigh
Tel: (604) 609-6132
Email: investors@wrgold.com | Website: https://www.westredlakegold.com
Frequently Asked Questions
What are the latest drill results from the Madsen Mine?
The latest results highlight significant gold intersections with high grades from both the Austin and McVeigh zones, including notable intercepts of 17.77 g/t Au over 5.5m at McVeigh and 7.35 g/t Au over 12.12m at Austin.
When is production expected to restart at the Madsen Mine?
The company anticipates a restart of production in the latter half of 2025, contingent on successful ongoing drilling and resource estimation efforts.
What significant resources are reported at the Austin and McVeigh zones?
The Austin Zone contains an Indicated resource of 914,200 ounces at 6.9 g/t Au, while the McVeigh Zone has 79,800 ounces at 6.4 g/t Au.
What is the main focus of the current drilling program?
The drilling program aims to delineate a robust high-confidence inventory of gold ounces to support the future restart of the Madsen Mine.
How can investors learn more about West Red Lake Gold Mines Ltd.?
Investors can find more information on the company's website at https://www.westredlakegold.com or contact investor relations through the provided email address.
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