West Red Lake Gold Reports Impressive Drill Results at Madsen Mine

Significant Gold Discoveries at the Madsen Mine

VANCOUVER, British Columbia - West Red Lake Gold Mines Ltd. (NASDAQ: WRLG) is thrilled to announce its latest drill results from the 100% owned Madsen Mine. This mine is located within the highly sought-after Red Lake Gold District in Northwestern Ontario, renowned for its rich history of gold production.

The recent drilling efforts have unveiled remarkable results, particularly from the South Austin Zone. This zone currently boasts an indicated mineral resource of 474,600 ounces, with an impressive grade of 8.7 grams per tonne of gold. Additionally, it hosts an inferred resource of 31,800 ounces also grading 8.7 g/t gold. These findings present a strong optimistic outlook for the mine’s future.

Drill Highlights from South Austin Zone

The latest drilling focused on areas with high potential. Noteworthy intercepts include:

Unprecedented High-Grade Gold Intercepts

One of the standout results is from Hole MM24D-08-4447-040, which intersected 3.12 meters at a staggering 37.09 grams per tonne of gold. Within this section, a remarkable 0.62 meters graded 174.28 g/t Au, showcasing the exceptional quality of mineralization in this area.

Another promising find came from Hole MM24D-08-4447-042, where drillers intercepted 2.76 meters at a grade of 18.11 g/t Au. The strong mineralization demonstrates the continuing potential of the South Austin Zone.

Continuous Definition Drilling

The main aim of this drilling operation was to further define high-confidence ounces in priority areas, bolstering the upcoming plans to restart production at the Madsen Mine anticipated for later in the year 2025. With ongoing efforts, the company anticipates completing a pre-feasibility study in the coming months to support this goal.

Future Plans for Madsen Mine

President and CEO Shane Williams stated that the success of the underground drilling program at Madsen has provided significant assurance for the future of the mine. The focus on developing higher-grade and higher-tonnage portions of the deposit prior to the mine's restart allows for sound strategic planning as the company aims for sustainable ramp-up toward full production.

Moreover, the continued discovery of new mineralized zones adjacent to the main deposit further reinforces the company’s belief in Madsen's substantial growth potential.

Technological Advances and Quality Control

The company implements rigorous quality assurance and control measures throughout its drilling programs. The BQ-sized diamond drill cores undergo systematic logging and sampling by experienced geologists, ensuring accuracy and integrity at every step of the process. The core samples are then rigorously analyzed at SGS Natural Resources’ facility, employing advanced techniques to determine the gold content.

About West Red Lake Gold Mines Ltd.

West Red Lake Gold Mines Ltd. is committed to maximizing the potential of its flagship Madsen Gold Mine alongside its expansive 47 km² land package within the Red Lake district. Historically, this area has yielded over 30 million ounces of gold, underscoring its significant value in the mining sector. Furthermore, the company owns the Rowan Property in Red Lake, which includes three past producing gold mines.

Contact Information

For further information, please reach out to:

Freddie Leigh,
Tel: (604) 609-6132,
Email: investors@wrgold.com or visit the Company’s website at https://www.westredlakegold.com.

Frequently Asked Questions

What are the latest drill results reported by West Red Lake Gold?

Recent drill results highlighted significant intercepts, including 3.12m at 37.09 g/t Au from Hole MM24D-08-4447-040.

When is the expected restart of production at Madsen Mine?

The restart of production at Madsen Mine is anticipated for the second half of 2025.

What does West Red Lake Gold plan with the new drilling results?

The company aims to use the results to bolster high-confidence ounces and complete a pre-feasibility study to support the mine's restart.

How does West Red Lake Gold ensure quality in its drilling programs?

Quality assurance measures include systematic logging, sampling by geologists, and advanced analytical techniques by SGS Natural Resources.

What is the mineral resource status of Madsen Mine?

The Madsen Mine currently hosts a National Instrument 43-101 indicated resource of 1.65 million ounces of gold grading 7.4 g/t.

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