Madsen Mine Surges Towards Commercial Gold Production Goals
West Red Lake Gold's Progress on the Madsen Mine
VANCOUVER, British Columbia - West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG”) (TSXV: WRLG) (OTCQB: WRLGF) has recently shared its operating updates for the third quarter regarding the ongoing ramp-up of the Madsen Mine. This flagship high-grade project is nestled in the Red Lake Gold District, known for producing substantial gold deposits.
President and CEO Shane Williams expressed enthusiasm about the progress being made at the Madsen Mine, stating, "It is exciting to see tonnages rise, efficiencies increase, and gold production grow quarter by quarter, as planned." This sentiment echoes the Company’s commitment to a methodical approach in advancing the mine towards steady state operations.
Operations Overview for Q3
During the third quarter, the Madsen Mine successfully produced 35,700 tonnes of ore, boasting an impressive average grade of 5.4 grams per tonne of gold. In total, the mill poured 7,055 ounces of gold, generating gross proceeds of CAD$33 million at an average price of US$3,456 per ounce. This performance marks a significant leap from Q2, where only 5,260 ounces were poured, illustrating a remarkable 34% increase in gold production.
As month-to-month tonnage increases align with ongoing ramp-up activities, this consistent upward trend in production volume positions Madsen favorably to meet its ambitious output goals, targeting early commercial production in 2026.
Waste Management Innovations
Importantly, advancements in waste management processes have played a pivotal role in supporting the mine’s operational efficacy. The current strategy focuses on storing mined waste largely underground, enabling more efficient material handling. This underground storage initiative is crucial in minimizing surface impact while facilitating higher ore transportation capabilities.
In mid-September, the mine accomplished a remarkable feat, moving over 1,000 tonnes of ore per day on several occasions, with a peak record of 1,400 tonnes in just one day. This efficiency is attributable to the enhanced storage of waste rock underground, allowing the majority of hauling capacity to be diverted toward transporting ore.
Progress on Mill Operations
From the operational perspective, the plant has continued to iterate its throughput efficiencies. Initially, the mill operated using a blend of mined and stockpiled materials. However, as of August, the mill exclusively processes directly mined ore. This change signifies the mine's increasing capacity to produce gold sustainably as operations stabilize.
Strategic Developments Towards Commercial Production
West Red Lake Gold has defined several operational milestones that must be achieved before officially declaring commercial production. With improved staffing levels, geology, and engineering workflows ensuring effective reconciliation, the Company is poised to navigate through the final stages of ramp-up. Key developments now include:
- Utilizing Historic Underground Voids for Waste Storage: Additional waste rock from past mining operations is now being efficiently stored in historic voids, utilizing cemented rock fill and dumped waste rock. Enhanced operational parameters from these voids lead to an increased rate of material handling.
- Improving Shaft Capabilities: The decision to utilize the Madsen Shaft for transporting materials is expected to expedite ore movement. Once full operational capabilities are achieved, the Company anticipates moving up to 350 tonnes of ore daily via the shaft, considerably reducing logistical costs.
- Final Equipment Deliveries: The Company will soon receive additional mining equipment, including a 42-tonne haul truck and two Komatsu scoops, which will complete the planned fleet necessary for efficient mining operations.
These strategic advancements will bolster operational stability at the Madsen Mine, which is on track to meet its ambitious targets. With a detailed mining plan anticipated by year-end, the Company is gearing up to provide confident projections as they inch closer to declaring commercial production.
Looking Ahead: The Future of West Red Lake Gold
West Red Lake Gold is not only focused on Madsen but is also advancing the Rowan Project, which has the potential to add significant production capacity to their portfolio. Williams reinforces the Company’s strategic vision, stating, "Developing a strong sustainable mine gives us the potential for greater value in Red Lake." This reflects the broader potential of the region that continues to yield rich gold resources.
Frequently Asked Questions
What recent updates has West Red Lake Gold shared about the Madsen Mine?
West Red Lake Gold has provided a positive update on the ramp-up of the Madsen Mine, highlighting increased ore production and operational efficiencies.
How much gold was produced in Q3 at the Madsen Mine?
The Madsen Mine produced 7,055 ounces of gold in the third quarter.
What are the plans for achieving commercial production?
The Company is focused on essential operational components and infrastructure improvements to prepare for declaring commercial production in early 2026.
How is West Red Lake Gold advancing its mining capabilities?
Improvements such as better waste management procedures and enhancements to the Madsen Shaft are key strategies in advancing mining capabilities.
What future projects does West Red Lake Gold have?
The Company is also working on its Rowan Project, which is expected to contribute additional production in the coming years.
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