West Red Lake Gold Mines (TSXV: WRLG; OTCQB: WRLGF) 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:
Shane Williams, president & CEO, said, “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.”
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 US$1,800/oz.
West Red Lake Gold Mines also holds the Rowan property in Red Lake, which includes three former gold-producing mines.For more information, visit www.WestRedLakeGold.com.
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