West Red Lake drills 68.4 g/t gold over 1.1 metre at South Austin zone, Madsen mine

West Red Lake Gold Mines  (TSXV: WRLG; OTCQB: WRLGF) says it continues to drill exceptional grades at its 100%-owned Madsen gold mine […]
The former Madsen gold mine near Red Lake, Ont. Credit: West Red Lake Gold Mines

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West Red Lake Gold Mines  (TSXV: WRLG; OTCQB: WRLGF) says it continues to drill exceptional grades at its 100%-owned Madsen gold mine near Red Lake, Ont. The latest assays come from the South Austin zone and reached a peak of more than 145 g/t.

Here are some details:

  • Hole MM24D-07-4198-001: intersected 1.1 metre at 68.36 g/t gold, including 0.5 metre at 145.55 g/t gold.
  • Hole MM24D-07-4198-002: 4.0 metres at 18.83 g/t gold, including 0.5 metre at 105.72.
  • Hole MM24D-07-4198-003: 0.5 metre at 28.72 g/t gold.
  • Hole MM24D-07-4198-004: 2 metres at 7.89 g/t gold, including 0.5 metre at 28.72 g/t gold.

The underground Madsen gold mine is a past producer, and it was last active in 2013. Resources calculated in 2023 include 6.9 million indicated tonnes grading 7.4 g/t gold, containing almost 1.7 million oz. The inferred portion is 1.8 million tonnes at 6.3 g/t gold, containing 366,200 oz.

The mine has two portals and two ramps that reach 525 metres below surface. The project has a new, expandable 800 t/d mill, and potential to further extend resources. The project is fully permitted. West Red Lake believes that it could restart production in only 18 months after a positive decision was made.

Former owner PureGold is estimated to have spent $350 million at the Madsen mine.

Additional information is posted on www.WestRedLakeGold.com.

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