West Red Lake Gold – More High-grade Gold Assays Returned From The Austin and McVeigh Zones Feeding Into The Mineral Inventory For The Madsen Mine Restart
Will Robinson, VP of Exploration at West Red Lake Gold Mines (TSX.V:WRLG – OTCQB:WRLGF), joins us to review some of the recent wide high-grade gold drill results returned from the Main Austin Zone and McVeigh Zone, feeding into the delineation of resources and to continue building an inventory of high-confidence ounces to support the restart of production at the Madsen Mine, in the Red Lake district of Ontario, Canada.
- Drill Hole # MM24D-09-4796-018 in the Austin Main Zone intersected 2.5m @ 107.61 g/t Au, from 80.0m to 82.5m, Including 1m @ 252.10 g/t Au, from 80m to 81m, Also including 1m @ 14.22 g/t Au, from 81m to 82m.
- Drill Hole # MM24D-01-4081-019 in the McVeigh Zone intersected 2.35m @ 106.99 g/t Au, from 37.65m to 40.00m, Including 0.5m @ 13.32 g/t Au, from 37.65m to 38.15m, Also Including 0.5m @ 479.09 g/t Au, from 39.0m to 39.5m.
Will points out that there were a number of drill holes also reported in this news release from both zones with wide 3 meter up to 11 meter high-grade intercepts that were both meaningful as well as mineable in a development scenario. The Austin Zone currently contains the majority of the mineral inventory with an Indicated mineral resource of 914,200 ounces (“oz”) grading 6.9 grams per tonne (“g/t”) gold (“Au”), with an additional Inferred resource of 104,900 oz grading 6.5 g/t Au. The McVeigh Zone currently contains an Indicated mineral resource of 79,800 oz grading 6.4 g/t Au, with an additional Inferred resource of 14,300 oz grading 6.9 g/t Au.
We also review the potential at depth at Madsen with both the South Austin Zone still open, at a new target called the Upper 8, at the Wedge/MJ area, and then also some underground drilling work planned for this Q4 at the 8-Zone. Underground drilling of these targets will allow the exploration team to follow up on these areas with more accuracy, and much more efficient holes, than trying to drill from surface as prior operators had done. There will also be a lot of regional exploration work on surface testing the thesis of periodicity of the mineralization and overlaying soil work with geophysical surveys.
If you have any follow up questions for the team over at West Red Lake Gold please email us at Fleck@kereport.com and Shad@kereport.com.
- In full disclosure, Shad is shareholder of West Red Lake Gold Mines at the time of this recording.
Click here to visit the West Red Lake Gold website and read over the recent news we discussed.
