Positive. West Red Lake Gold Mines reports high-grade drill results, showing promising grades and visible gold.

From GlobeNewswire: 2025-05-27 03:20:00

West Red Lake Gold Mines Ltd. reports high-grade drill results from the Madsen Mine in Ontario, Canada. The South Austin zone shows promising grades and widths, with visible gold present. Significant high-grade material left by historic operators is being efficiently incorporated into the mine plan. Further updates expected as drilling continues.

Recent drill results from the South Austin zone show impressive gold grades, with intercepts like 61.51 g/t Au over 12.1m. Visible gold was observed in several holes, indicating significant potential. The zone currently holds an Indicated resource of 474,600 oz grading 8.7 g/t Au, with additional Inferred resources.

Drilling at the South Austin zone aims to define and expand high-confidence ounces for the Madsen mine’s production restart. Results show promising grades, with intercepts like 43.54 g/t Au over 8.35m. Visible gold was found in various holes, highlighting the zone’s potential for further exploration. Internal dilution for composite intervals remains below 1m for samples grading <0.1 g/t Au. Drill collar summary for holes reported includes target, location, elevation, length, azimuth, and dip. The South Austin structure is hosted in broad alteration and deformation corridors within the Madsen Mine, with mineralization open at depth and along strike in the North Austin Zone. Visual identification of gold-bearing zones includes fine grains of free gold and alteration indicators like silicification and veining. The current underground drilling program at Madsen Mine aims to define near-term mining inventory and expand the mineral resource by focusing on higher-grade zones in various zones. High-resolution figures related to the press release are available online. The South Austin Zone is positioned in the hanging wall of the main Austin Zone, accessed through the Madsen Mine East Portal. The mineralized veins and alteration within the mine property have undergone high-temperature metamorphism, leading to recrystallization and skarn-like replacement mineral assemblage. Gold mineralization at the Madsen Mine predates significant deformation and metamorphic events, with the North Austin Zone displaying 'mine-style' alteration and mineralization. Free gold presence, silicification, and veining indicate high-grade zones within the mineralized structure. The long section highlights top three intercepts from infill drilling stations in the South Austin, Austin, and McVeigh Zones, with mineral resources estimated at a cut-off grade of 3.38 g/t Au. The Madsen Mine long section shows the location of the 08-4380 Drill Bay in the South Austin Zone. The South Austin plan view drill section displays assay highlights for Holes MM25D-08-4380-001 through -028. The South Austin section view shows assay highlights for Holes MM25D-08-4380-024 through -026. The South Austin section view also displays assay highlights for Holes MM25D-08-4380-021 through -023. Additionally, the South Austin section view shows assay highlights for Holes MM25D-08-4380-018 through -020, -027, and -028. The South Austin section view shows assay highlights for Holes MM25D-08-4380-013 through -017. Figures 10, 11, and 12 display various assay highlights for other holes. The Madsen Mine uses BQ and NQ-sized diamond drill core for drilling programs. Samples are sent to SGS for analysis, with gold values over 100 g/t reanalyzed. The mine hosts substantial gold resources, as detailed in the NI 43-101 report. West Red Lake Gold Mines focuses on developing the Madsen Gold Mine in the Red Lake district of Ontario, known for its rich gold deposits. West Red Lake Gold Mines Ltd. holds the Rowan Property in Red Lake, with a 31 km2 property covering three past producing gold mines. Shane Williams is the President & CEO. Contact Vice President Communications, Gwen Preston, at (604) 609-6132 or [email protected] for more information. The TSX Venture Exchange does not accept responsibility for the accuracy of this release. This news release contains forward-looking information based on current expectations of management. Risks include market volatility, financial market conditions, commodity price fluctuations, and changes in business plans. Readers are cautioned not to rely solely on forward-looking information. Additional information on risks and uncertainties is available in the Company’s filings on SEDAR+. Management’s current beliefs and available information support the forward-looking information provided in this news release. The Company assumes no obligation to update this information except as required by law. Investors can find continuous disclosure filings on SEDAR+ for more information on the Company. 1. The stock market reached new highs today, with the S&P 500 hitting a record close of 4,500 points. This marks a significant milestone in the ongoing recovery from the pandemic-induced economic downturn. 2. In a groundbreaking study, researchers have discovered a new potential treatment for Alzheimer’s disease. The drug, known as Aducanumab, has shown promising results in slowing the progression of the disease in early clinical trials. 3. The United Nations has released a report warning of a global water crisis, with over 2 billion people lacking access to clean drinking water. The report highlights the urgent need for governments and organizations to take action to address this critical issue. 4. Tesla has announced plans to build a new Gigafactory in Texas, which will be the company’s largest production facility to date. The factory is expected to create thousands of jobs and further solidify Tesla’s position as a leader in the electric vehicle market.


Read more at GlobeNewswire: West Red Lake Gold Intersects 61.51 g/t Au over 12.1m,