VANCOUVER, British Columbia, Oct. 08, 2024 (GLOBE NEWSWIRE) — West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF) is pleased to report drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.
The drill results featured in this news release are focused on the high-grade South Austin Zone, which currently contains an Indicated mineral resource of 474,600 ounces (“oz”) grading 8.7 grams per tonne (“g/t”) gold (“Au”), with an additional Inferred resource of 31,800 oz grading 8.7 g/t Au.
These results follow-up on the significant intercepts previously announced on September 24, 2024, where drilling returned 49.39 g/t Au over 4.48 meters (“m”) and 18.46 g/t Au over 11.2m at South Austin.
The purpose of this drilling was definition within priority areas of South Austin to continue building an inventory of high-confidence ounces to support the restart of production at the Madsen mine, which is expected to commence in H2 2025. The Company expects to complete a pre-feasibility study in support of that restart goal in the coming months.
SOUTH AUSTIN ZONE HIGHLIGHTS:
Hole MM24D-08-4447-040 Intersected 3.12m @ 37.09 g/t Au, from 126.88m to 130.00m, Including 0.62m @ 174.28 g/t Au, from 126.88m to 127.50m, Also including 0.5m @ 10.74 g/t Au, from 127.5m to 128.0m.
Hole MM24D-08-4447-042 Intersected 2.76m @ 18.11 g/t Au, from 89.24m to 92.00m, Including 1m @ 42.01 g/t Au, from 91m to 92m.
Hole MM24D-08-4447-039 Intersected 13m @ 3.00 g/t Au, from 94m to 107m.
Hole MM24D-08-4447-053 Intersected 3.8m @ 9.21 g/t Au, from 118.95m to 122.75m, Including 0.55m @ 11.91 g/t Au, from 119.45m to 120.00m, Also including 0.75m @ 22.77 g/t Au, from 122.00m to 122.75m.
Hole MM24D-08-4447-038 Intersected 5m @ 6.69 g/t Au, from 112m to 117m, Including 2m @ 14.67 g/t Au, from 113m to 115m.
Hole MM24D-08-4447-050 Intersected 3m @ 10.35 g/t Au, from 116m to 119m, Including 1m @ 27.43 g/t Au, from 116m to 117m.
A new footwall lens in South Austin was encountered in Holes MM24D-08-4447-036, -037 and -039 through -044 (Figures 3 through 5) running sub-parallel to the South Austin domain. A similar new footwall lens in South Austin was also previously announced on June 11, 2024, further demonstrating the potential for encountering new mineralized zones adjacent to the main Madsen deposit as definition drilling continues.
Shane Williams, President & CEO, stated, “The underground definition drilling program at Madsen has been very successful. The value added from this high confidence, tightly spaced drilling cannot be overstated. Having the opportunity to focus drills on defining an inventory of high confidence ounces well ahead of mine restart provides the team with a huge advantage and allows for incorporating the necessary optionality into the mining schedule ahead of restart, focusing on higher grade and higher tonnage portions of the deposit to help facilitate a smooth, sustainable ramp-up towards full production. It’s also particularly exciting that the team continues to encounter new, previously unrecognized zones of mineralization adjacent to the main deposit in South Austin supporting our belief that Madsen still holds plenty of upside as we continue accessing and drilling off deeper portions of the deposit.”
Plan maps and section for the South Austin drilling outlined in this release are provided in Figures 1 through 7.
TABLE 1. Significant intercepts (>3 g/t Au) from drilling at Austin Zone.
Hole ID
Target From (m) To (m) Length (m)* Au (g/t) MM24D-08-4447-036 South Austin99.50108.008.503.23AND South Austin119.00120.501.506.50AND South Austin126.00128.002.004.88AND South Austin132.00135.003.004.23MM24D-08-4447-037 South Austin98.00102.004.003.50AND South Austin111.00112.001.003.39AND South Austin124.00126.552.559.38Incl. 124.92125.420.5032.13MM24D-08-4447-038 South Austin112.00117.005.006.69Incl. 113.00115.002.0014.67MM24D-08-4447-039 South Austin94.00107.0013.003.00AND South Austin123.00125.792.797.48Incl. 124.69125.250.5632.76MM24D-08-4447-040 South Austin106.50114.007.504.07Incl. 106.50107.200.7020.75AND South Austin126.88130.003.1237.09Incl. 126.88127.500.62174.28Also Incl. 127.50128.000.5010.74MM24D-08-4447-041 South Austin99.00100.001.003.66AND South Austin104.50106.001.503.18AND South Austin119.30122.303.008.28Incl. 120.30122.302.0011.85MM24D-08-4447-042 South Austin89.2492.002.7618.11Incl. 91.0092.001.0042.01MM24D-08-4447-043 South Austin94.0096.002.003.73AND South Austin124.00127.003.004.75MM24D-08-4447-044 South Austin83.0084.001.007.34AND South Austin88.5090.001.507.93AND South Austin117.00122.005.003.18MM24D-08-4447-045 South Austin119.50120.400.905.98MM24D-08-4447-046 South AustinNo Assays > 3 g/t AuMM24D-08-4447-047 South AustinNo Assays > 3 g/t AuMM24D-08-4447-048 South AustinNo Assays > 3 g/t AuMM24D-08-4447-049 South Austin113.80115.151.355.24MM24D-08-4447-050 South Austin116.00119.003.0010.35Incl. 116.00117.001.0027.43MM24D-08-4447-051 South AustinNo Assays > 3 g/t AuMM24D-08-4447-052 South Austin125.00126.401.405.78Incl. 125.00125.750.7510.06MM24D-08-4447-053 South Austin118.95122.753.809.21Incl. 119.45120.000.5511.91Also Incl. 122.00122.750.7522.77
*The “From-To” intervals in Table 1 are denoting overall downhole length of the intercept. True thickness has not been calculated for these intercepts but is expected to be ≥ 70% of downhole thickness based on intercept angles observed in the drill core. Internal dilution for composite intervals does not exceed 1m for samples grading
