West Red Lake Gold Mines (TSXV: WRLG) has 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 the following:
“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,” Shane Williams, president and CEO, stated.
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 $1,800/oz.
West Red Lake also holds the Rowan property in Red Lake, which includes three former gold-producing mines.