West Red Lake Gold Mines (TSXV: WRLG; OTCQB: WRLGF) released drill results from its Madsen mine located in the Red Lake gold district in Ontario. The drilling was carried out underground at the South Austin zone, revealing high-grade gold. These results will support the planned restart of production at the Madsen mine, anticipated to begin in 2025. The company is set to finalize a pre-feasibility study in the fourth quarter, detailing its strategy for resuming operations.
Key highlights include:
- Hole MM24D-08-4447-035:
- Intersected 4.5 metres at 49.39 g/t gold from 114.9 metres to 119.4 metres, including 2.5 metres at 76.51 g/t gold from 116.0 metres to 118.5 metres
- Hole MM24D-08-4447-025:
- Intersected 11.2 metres at 18.46 g/t gold from 106.0 metres to 117.2 metres, including:
- 4.0 metres at 34.41 g/t gold from 107.0 metres to 111.0 metres
- 0.5 metre at 10.21 g/t gold from 113.0 metres to 113.5 metres
- 1.5 metres at 32.13 g/t gold from 114.5 metres to 116.0 metres
- Intersected 11.2 metres at 18.46 g/t gold from 106.0 metres to 117.2 metres, including:
- Hole MM24D-08-4447-033:
- Intersected 1.7 metres at 74.92 g/t gold from 100.3 metres to 102.0 metres
- Hole MM24D-08-4447-028:
- Intersected 4.0 metres at 20.63 g/t gold from 118.5 metres to 122.5 metres, including 0.7 metre at 95.59 g/t gold from 120.3 metres to 121.0 metres
- Hole MM24D-08-4447-014:
- Intersected 3.3 metres at 15.69 g/t gold from 74.1 metres to 77.4 metres, including:
- 0.8 metres at 39.93 g/t gold from 75.0 metres to 75.8 metres
- 0.5 metres at 19.43 g/t gold from 76.9 metres to 77.4 metres
- Intersected 3.3 metres at 15.69 g/t gold from 74.1 metres to 77.4 metres, including:
- Hole MM24D-08-4447-023:
- Intersected 2.2 metres at 19.05 g/t gold from 111.7 metres to 113.9 metres, including 1.7 metres at 22.77 g/t gold from 112.3 metres to 113.9 metres
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