West Red Lake Gold Showcases Recent Drill Results
West Red Lake Gold Mines Ltd. (TSX-V: WRLG) (OTCQB: WRLGF) is thrilled to share the latest drill results from the Madsen Mine, a wholly-owned property located in the prestigious Red Lake Gold District.
Key Insights from the Austin and McVeigh Zones
The recent drill results highlight the high-grade Austin and McVeigh Zones, which play a crucial role in the resource profile of the Madsen Mine. The Austin Zone currently has an Indicated mineral resource of 914,200 ounces at a grade of 6.9 grams per tonne of gold (g/t Au), along with an Inferred resource of 104,900 ounces at 6.5 g/t Au. Additionally, the McVeigh Zone features an Indicated mineral resource of 79,800 ounces at a grade of 6.4 g/t Au, and an Inferred resource of 14,300 ounces grading 6.9 g/t Au.
Drilling Highlights from the McVeigh Zone
Recent drilling activities at the McVeigh Zone have produced impressive results, including:
- Hole MM24D-01-4081-025: Encountered 5.5 meters (m) at 17.77 g/t Au, with a standout 2.2 m at 38.56 g/t Au.
- Hole MM24D-01-4081-028: Intersected 2 m at 36.62 g/t Au, featuring a remarkable 0.6 m at 100.44 g/t Au.
- Hole MM24D-01-4081-027: Recorded 5 m at 10.82 g/t Au, including intervals of 1 m at 11.44 g/t Au.
- Hole MM24D-01-4081-039: Showed 0.6 m at 89.93 g/t Au from a depth of 50.0 m.
Results from the Austin Zone
The Austin Zone also revealed noteworthy 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: Encountered 7 m at 11.06 g/t Au.
- Hole MM24D-09-4796-029: Assayed 6.3 m at 6.04 g/t Au, with multiple high-grade intervals.
Plans for Future Production
The current drilling efforts are geared towards establishing a strong inventory of high-confidence ounces, which will support the planned restart of production at the Madsen Mine, expected to begin in the latter half of 2025. A pre-feasibility study to facilitate this initiative is currently in progress.
Geological Context
The geological framework of the Austin and McVeigh zones indicates that they are located within extensive alteration corridors formed during various phases of deformation and metamorphism. Notably, the North Austin Zone is marked by significant alteration and showcases several rich mineralized domains.
About the Company
West Red Lake Gold Mines Ltd. is committed to exploring and developing high-quality gold assets in the prolific Red Lake district of Ontario. With a strong presence in the region and a solid mineral resource estimate, the company is well-positioned for future growth.
Contact Details
For further information regarding West Red Lake Gold Mines Ltd. and their projects, please reach out to:
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 drill results reveal significant gold intersections with high grades from both the Austin and McVeigh zones, including impressive intercepts of 17.77 g/t Au over 5.5 m at McVeigh and 7.35 g/t Au over 12.12 m at Austin.
When is production expected to restart at the Madsen Mine?
The company plans to restart production in the latter half of 2025, depending on the success of ongoing drilling and resource estimation efforts.
What significant resources are reported at the Austin and McVeigh zones?
The Austin Zone has an Indicated resource of 914,200 ounces at 6.9 g/t Au, while the McVeigh Zone contains 79,800 ounces at 6.4 g/t Au.
What is the main focus of the current drilling program?
The drilling program is aimed at establishing a strong inventory of high-confidence 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 additional information on the company's website at https://www.westredlakegold.com or by contacting investor relations via the provided email address.
