West Red Lake Gold Mines hits high grade gold at Madsen Mine

West Red Lake Gold Mines (TSXV: WRLG; OTCQB: WRLGF) announced drill results from its Madsen mine in Ontario’s Red Lake Gold District. The recent […]
Madsen Mine in Ontario’s Red Lake Gold District. Credit: West Red Lake Gold Mines

West Red Lake Gold Mines (TSXV: WRLG; OTCQB: WRLGF) announced drill results from its Madsen mine in Ontario's Red Lake Gold District. The recent drilling, conducted underground at the North Austin zone, has unveiled significant high-grade mineralization that extends the current resource base northeastward.

Key highlights include: 

  • Hole MM24X-03-5195-018:
    • Intersected 10 metres at 13.40 g/t gold from 82 metres
    • Intersected 1.0 metre at 17.75 g/t gold from 82 metres
    • Intersected 1.0 metre at 85.61 g/t gold from 88.3 metres
    • Intersected 1.0 metre at 14.05 g/t gold from 89.3 metres
  • Hole MM24X-03-5127-012:
    • Intersected 3 metres at 12.21 g/t gold from 58 metres
    • Intersected 1 metre at 32.84 g/t gold from 60 metres
  • Hole MM24X-03-5195-015:
    • Intersected 16.98 metres at 3.12 g/t gold from 82 metres 
    • Intersected 0.98 metres at 11.78 g/t gold from 72.5 metres 
    • Intersected 1.0 metre at 14.69 g/t gold from 74.5 metres
    • Intersected 0.79 metres at 15.60 g/t gold from 87.2 metres 

Shane Williams, president & CEO, said, “With the team now working towards a planned mine restart in the second half of 2025, the drills at Madsen will continue to delineate and define the high-value mineral inventory needed to support that objective.”

The Madsen mine currently boasts an indicated resource of 1.65 million oz. of gold grading 7.4 g/t gold, along with an inferred resource of 0.37 million oz. of gold grading 6.3 g/t gold. These estimates are based on a cut-off grade of 3.38 g/t gold and a gold price of US$1,800/oz.

West Red Lake Gold Mines also holds the Rowan property in Red Lake, which includes three former gold-producing mines.For more information, visit www.WestRedLakeGold.com.

Comments

Your email address will not be published. Required fields are marked *

Dec 03 2024 - Dec 05 2024
Mar 31 2025 - Apr 03 2025