High-grade gold intercepts at Madsen Mine, showing significant potential for West Red Lake Gold
From GlobeNewswire: 2025-02-26 03:30:00
West Red Lake Gold Mines Ltd. reports drill results at its Madsen Mine in Ontario, Canada, focusing on the high-grade South Austin Zone with an Indicated resource of 474,600 oz at 8.7 g/t Au and an Inferred resource of 31,800 oz at 8.7 g/t Au. Recent drilling shows promising intercepts, highlighting high-grade gold potential.
Notable results include Hole MM24D-08-4447-069 with 10.6m @ 114.26 g/t Au, including 0.7m @ 1,609.26 g/t Au, and Hole MM24D-08-4447-064 with 3m @ 77.90 g/t Au, including 1m @ 233.20 g/t Au. These high-grade intercepts demonstrate the significant potential of the South Austin Zone at Madsen mine.
President & CEO Shane Williams expresses optimism about the drilling program’s success in defining and expanding the South Austin Zone. The company’s systematic approach to data interpretation has led to consistent increases in grade and thickness of mineralized zones. This highlights the substantial high-grade potential in Red Lake gold systems.
The South Austin Zone at Madsen Mine is accessed through the West Portal and is located south of the main Austin Zone. It is hosted within broad alteration and deformation corridors, showing folds and structural dismemberment. Gold mineralization in the area predates significant deformation and metamorphism events, indicating early mineralization relative to geological processes.
The North Austin Zone at Madsen Mine exhibits ‘mine-style’ alteration and mineralization, consisting of multiple mineralized domains defined over a 0.5km strike length. The deposit scale features folding and structural dismemberment by penetrative foliation, as well as intense deformation and high-temperature metamorphism that have influenced mineralized veins and alteration. Mineralization at the Madsen Mine is open at depth and along strike to the northeast, with gold-bearing zones visually identified by fine grains of free gold within strong alteration and veining. The current underground drilling program aims to define near-term mining inventory and grow the mineral resource by focusing on high-grade zones in the Austin, South Austin, North Austin, and McVeigh Zones through 2024. The deposit hosts an NI 43-101 Indicated resource of 1.65 Moz of gold at 7.4 g/t Au and an Inferred resource of 0.37 Moz at 6.3 g/t Au, with Probable reserves of 478 koz at 8.16 g/t Au based on a gold price of US$1,680/oz. Quality assurance/control measures include systematic logging, sampling, and analysis of BQ-sized diamond drill core for definition programs and oriented NQ-sized core for exploration drilling. Samples are analyzed by fire assay and AAS finish for gold values, with multi-element analysis conducted at SGS facilities under ISO/IEC 17025 standards. West Red Lake Gold Mines Ltd. has released the Madsen Report, available on their website and SEDAR+. The company is focused on advancing the Madsen Gold Mine in Ontario’s Red Lake district, a highly productive area that has yielded over 30 million ounces of gold. WRLG also holds the Rowan Property, with three past producing gold mines.
The technical information in the news release has been approved by Will Robinson, P.Geo., Vice President of Exploration for West Red Lake Gold. The company is committed to advancing and developing its flagship Madsen Gold Mine and the associated land package in the Red Lake district. The highly prospective area has a history of rich gold deposits.
West Red Lake Gold Mines Ltd. is a publicly traded mineral exploration company focused on advancing the Madsen Gold Mine in Ontario. The Red Lake Gold District in Canada has produced over 30 million ounces of gold. The company also holds the Rowan Property with three past producing gold mines.
President & CEO Shane Williams leads West Red Lake Gold Mines Ltd. The company is focused on advancing the Madsen Gold Mine and the surrounding land package in Ontario’s Red Lake district. With a history of rich gold deposits, the area is highly prospective for further exploration and development. 1. The stock market saw a significant increase today, with the S&P 500 and Dow Jones both reaching record highs. The S&P 500 closed at 4,352.34, up 0.82%, while the Dow Jones closed at 34,786.35, up 0.83%. This surge was driven by positive earnings reports from major tech companies.
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Read more at GlobeNewswire: West Red Lake Gold Intersects 114.26 g/t Au over 10.6m,