West Red Lake Gold Reports Positive Bulk Sample Reconciliation Results

Core Viewpoint - West Red Lake Gold Mines Ltd. reports positive reconciliation results from the bulk sample program at its Madsen Mine, indicating it is on track to become a high-grade gold mine in 2025 [1][2] Summary by Sections Company Overview - West Red Lake Gold Mines Ltd. is focused on advancing its flagship Madsen Gold Mine in the Red Lake Gold District of Ontario, which has historically produced over 30 million ounces of gold [14] Bulk Sample Program Results - The bulk sample included material from three main resource zones: Austin, South Austin, and McVeigh, with a total tonnage of 14,490 tonnes producing 2,664 ounces of gold [2][6] - The average grade of the bulk sample was 5.72 grams per tonne (g/t) gold, slightly above the predicted grade of 5.68 g/t [6] - Reconciliation results showed close alignment between predicted and actual grades and tonnages, with overall reconciliation at 95.5% for tonnage and 100.7% for grade [5][7] Mining Methodology - The bulk sample was mined using the long hole retreat mining method, which allows for efficient extraction and lower operational costs [9][10] - Each stope was definition drilled and engineered based on updated models to maximize economic extraction [9][11] Processing Details - The Madsen Mill employs a comprehensive processing method including primary crushing, grinding, gravity concentration, and cyanide leaching, achieving an average gold recovery of 95% [12] Future Outlook - The company anticipates ramping up operations at the Madsen Mine, leveraging the successful bulk sample results to enhance production and overall economics compared to the Prefeasibility Study [2][6]