West Red Lake connects with more high grade at West Madsen

West Red Lake Gold Mines Ltd. is pleased to report drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario.

This round of drill results from the Madsen Mine were all drilled from underground on the North Austin Zone, which represents a new area of high-grade mineralization extending the current Madsen resource to the northeast. This program was designed to expand the North Austin zone down-plunge to the northeast.

There are three main plunge lines (ore shoots) that the team is targeting at North Austin, and the results in this press release have demonstrated down-plunge continuity on the order of 30 meters (“m”) within at least one of these ore shoots.

The North Austin Zone sits adjacent to existing underground development marking it as a high caliber, near-surface target that could potentially be developed early during future mine restart and production. The North Austin Zone remains open down-plunge and along strike to the northeast and will continue to be a priority expansion target as underground drilling continues.

HIGHLIGHTS:

• Hole MM24X-03-5127-010 Intersected 2.79m @ 37.33 grams per tonne gold (“g/t Au”), from 124.21m to 127m, Including 1.0m @ 88.06 g/t Au, from 125.21m to 126.21m.

   

• Hole MM24X-03-5127-011 Intersected 9.02m @ 5.26 g/t Au, from 53.06m to 62.08m, Including 0.88m @ 22.34 g/t Au, from 58m to 58.88m, also Including 0.5m @ 26.18 g/t Au, from 61.08m to 61.58m; And 2.54m @ 5.21 g/t Au, from 118.46m to 121m; Including 0.61m @ 16.60 g/t Au, from 118.96m to 119.57m.

   

• Hole MM24X-03-5127-007 Intersected 1.57m @ 25.12 g/t Au, from 128m to 129.57m, Including 1.0m @ 31.47 g/t Au, from 128m to 129m.

   

• Hole MM24X-03-5127-001 Intersected 2m @ 9.5 g/t Au, from 72m to 74m, Including 1.0m @ 17.94 g/t Au, from 73m to 74m.

Shane Williams, President & CEO, stated, “It’s very encouraging to see the North Austin drilling beginning to deliver on expectations. Defining new areas of mineralization outside of, but adjacent to, the known deposit will continue to be a priority at Madsen and further solidifies our strategy with continuing to de-risk the asset while also taking full advantage of high-grade, near-mine organic growth opportunities.”

Plan maps and section for the South Austin drilling outlined in this release are provided in Figures 2 through 5.

FIGURE 1. Deposit-scale plan map of Madsen Mine highlighting North Austin Zone.

DISCUSSION

Accessed through the Madsen Mine East Portal, the North Austin Zone sits northeast in the footwall of the main Austin Zone. Like the main Austin and South Austin Structures, the North Austin domain is hosted within broad, kilometer-scale planar alteration and deformation corridors that have been repeatedly reactivated during gold mineralization and subsequent deformation and metamorphism. 

At the deposit-scale the Austin, South Austin, North Austin, and McVeigh Zones are locally folded and structurally dismembered by transposition and rotation into the penetrative S2 Foliation. In addition to this intense deformation overprint, the mineralized veins and alteration have been subjected to the relatively high temperatures of amphibolite facies metamorphism, which led to extensive recrystallization and growth of the skarn-like replacement mineral assemblage of diopside-amphibole-quartz-biotite. 

All significant gold mineralization on the mine property is demonstrably early relative to the most significant, penetrative deformation (D2) and metamorphic events. The North Austin Zone displays ‘mine-style’ alteration and mineralization and consists of multiple mineralized domains defined over a strike length of 0.5km. Mineralization remains open at depth and along strike to the northeast. 

In drill core, or at underground face exposures, gold-bearing zones at the Madsen Mine are best identified visually by fine (sub-millimetre) grains of free gold within strong alteration and veining. All high-grade intervals generally contain visible gold on drill core exteriors, although numerous examples exist of high-grade assays where visible gold was only identified within the interior (cut surface) of the core samples. Apart from the presence of free gold, pervasive silicification (locally accompanied by discrete quartz veining) and quartz-carbonate or diopside veining are the best indicators that a given interval is within a high-grade zone along/within the mineralized structure.  

The current underground drilling program at the Madsen Mine is focused on further definition of near-term mining inventory, as well as growth of the current mineral resource. Drilling has been focused on the more continuous and higher-grade portions of the Austin, South Austin, and North Austin Zones. This will continue to be the strategy moving into 2024.

High resolution versions of all the figures contained in this press release can be found at the following web address:https://westredlakegold.com/may-news-release-maps/

FIGURE 2. Madsen Mine long section showing location of 03-5127 Drill Bay in North Austin Zone.[1]

[1] Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US1,800/oz. Please refer to the technical report entitled “Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada”, prepared by SRK Consulting (Canada) Inc. and dated June 16, 2023, and amended April 24, 2024.A full copy of the SRK report is available on the Company’s website and on SEDAR+ at www.sedarplus.ca.

FIGURE 3. North Austin plan view drill section showing assay highlights for Holes MM24X-03-5127-001 through -011.[1]

[1] Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US1,800/oz. Please refer to the technical report entitled “Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada”, prepared by SRK Consulting (Canada) Inc. and dated June 16, 2023, and amended April 24, 2024. A full copy of the SRK report is available on the Company’s website and on SEDAR+ at www.sedarplus.ca.

FIGURE 4. North Austin section view showing assay highlights for Holes MM24X-03-5127-001, -002, -003 and -006.[1]

[1] Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US1,800/oz. Please refer to the technical report entitled “Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada”, prepared by SRK Consulting (Canada) Inc. and dated June 16, 2023, and amended April 24, 2024.A full copy of the SRK report is available on the Company’s website and on SEDAR+ at www.sedarplus.ca.

FIGURE 5. North Austin section view showing assay highlights for Holes MM24X-03-5127-004, -005 and -007 through -011.[1]

 

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