West Red Lake Gold Mines Ltd. reports successful drill results at the Madsen Mine in Ontario. The high-grade Austin Zone contains an Indicated resource of 914,200 oz at 6.9 g/t Au and an Inferred resource of 104,900 oz at 6.5 g/t Au. Recent drilling shows potential for more discoveries, with visible gold and strong mineralization. The Madsen Mine has NI 43-101 Indicated resources of 1.65 Moz of gold and Inferred resources of 0.37 Moz. Probable reserves stand at 478 koz of gold. Exploration continues with a strong focus on the Austin Zone. West Red Lake Gold Mines has released an updated Madsen Resource Estimate as of December 31, 2021, excluding mining activity depletion in 2022. The report is available on the company’s website and SEDAR. The company is focused on developing the Madsen Gold Mine in Ontario’s Red Lake district. Shane Williams is the President & CEO. The company warns of risks and uncertainties in forward-looking statements and advises caution in reliance on such information. Investors can find more details on SEDAR.
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