West Red Lake hits high-grade gold at Madsen mine

Staff Writer | July 9, 2024 | 10:21 am Exploration Canada Gold 
Madsen Mine in Ontario’s Red Lake Gold District. Credit: West Red Lake Gold Mines

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:

  • Hole MM24X-03-5195-018:
    • 10 metres at 13.40 g/t gold from 82 metres;
    • 1 metre at 17.75 g/t gold from 82 metres;
    • 1 metre at 85.61 g/t gold from 88.3 metres;
    • 1 metre at 14.05 g/t gold from 89.3 metres.
  • Hole MM24X-03-5127-012:
    • 3 metres at 12.21 g/t gold from 58 metres;
    • 1 metre at 32.84 g/t gold from 60 metres.
  • Hole MM24X-03-5195-015:
    • 16.98 metres at 3.12 g/t gold from 82 metres;
    • 0.98 metre at 11.78 g/t gold from 72.5 metres;
    • 1 metre at 14.69 g/t gold from 74.5 metres;
    • 0.79 metre at 15.60 g/t gold from 87.2 metres.

“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.

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