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West Red Lake Gold (WRLG.V) Focused on Further Definition of Near-Term Mining Inventory
(TheNewswire) February 9, 2024 – TheNewswire – Global Stocks News – In...
About this update from West Red Lake Gold Mines Ltd
[{"type":"text","content":"West Red Lake Gold (WRLG.V) Focused on Further Definition of Near-Term Mining Inventory\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n February 9, 2024 – TheNewswire – Global Stocks News\n– In a press release dated February 7, 2024, West Red Lake Gold\nMines (TSXV:WRLG) (OTC:WRLGF) reported\n \n \n \n drill results from the\n \n \n \n \n North Austin Zone\n \n \n \n , which represents a\n \n \n \n new area of high-grade\nmineralization\n \n \n \n extending the current\nMadsen resource to the northeast.\n \n \n \n \n The company’s flagship asset - The Madsen Gold Mine\n– is debt free, fully permitted, with a brand-new 800+ tonne per day\nmill, a tailings and water treatment facility\n \n \n . [\n1 ]\n \n \n \n \n The Madsen Mine deposit presently hosts an NI 43-101\n \n \n Indicated resource of 1.65\nmillion ounces of gold grading 7.4 g/t Au\n \n \n and an\n \n \n Inferred resource of 0.37 Moz\nof gold grading 6.3 g/t Au.\n \n \n [2.] [3.]\n \n \n \n \n The current underground drilling program at the Madsen\nMine is focused on definition of\n \n \n near-term mining inventory\n \n \n , as well as growth\nof the current mineral resource.\n \n \n \n \n Hole MM24X-03-5195-006 intercepted\n \n \n \n 8.12 g/t Au over 2\nmeters\n \n \n \n , suggesting\n \n \n \n vertical continuity of\nalmost two full mine levels,\n \n \n \n \n or\n \n \n \n \n approximately 50 meters, below any workings at the East\nPortal\n \n \n \n .\n \n \n \n \n Additionally, holes MM24X-03-5195-001, -003 and -004\nall intercepted high-grade mineralization beneath current workings\neffectively\n \n \n \n extending a known ore shoot approximately 25 meters down\nplunge\n \n \n \n .\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n \n North Austin plan view\ndrill section showing assay highlights for Holes MM24X-03-5195-001\nthrough -010.\n \n \n \n \n [1]\n \n \n \n \n \n \n \n *Geologic\ndomains and 2021 block model have not yet been updated to incorporate\ndrill results in this press release. Plan section view is cut on a\n60m-thick slice which may distort apparent thickness of the\nmineralized domains – refer to cross-section figures for more\naccurate representation of thickness.\n \n \n \n \n \n The WRLG team believe...