West Red Lake Gold Intersects 48.97 g/t Au over 18.7m, 52.86 g/t Au over 4.5m and 25.49 g/t Au over 7.5m at South Austin

Core Viewpoint - West Red Lake Gold Mines Ltd. reports significant drill results from its Madsen Mine, indicating high-grade gold mineralization and potential for increased production in the second half of 2025 [1][2][4]. Group 1: Drill Results and Resource Estimates - The South Austin Zone contains an Indicated mineral resource of 474,600 ounces grading 8.7 grams per tonne gold, with an additional Inferred resource of 31,800 ounces at the same grade [2][29]. - Recent drilling has defined the Stope 6 mining panel an additional 40 meters down plunge, showcasing significant grade and thickness potential at depth [3][4]. - Notable drill intercepts include 18.7 meters at 48.97 g/t Au, with high-grade intervals featuring visible gold [5][7]. Group 2: Production Plans and Market Context - The company plans to ramp up production at the Madsen Mine in the second half of 2025, supported by positive results from a recent bulk sampling campaign and favorable market conditions for gold [2][4]. - The Madsen Mine is located in the Red Lake Gold District, known for its high-grade gold deposits, which have historically yielded over 30 million ounces of gold [33]. Group 3: Technical Aspects and Geological Context - The current drilling program focuses on defining near-term mining inventory and expanding the existing mineral resource, particularly in the higher-grade portions of the Austin and South Austin Zones [16][12]. - The geological structure of the Madsen Mine includes multiple mineralized domains, with significant alteration and deformation corridors that have been reactivated during gold mineralization [12][13].