Workflow
West Red Lake Gold Hits New High-Grade Gold Lens in Lower Main Austin with 139.45 g/t Au over 7.8m, 74.70 g/t Au over 8.7m and 18.31 g/t Au over 7.5m
Globenewswireยท2025-10-09 07:30

Core Insights - West Red Lake Gold Mines Ltd. has reported promising drill results from its Madsen Mine, indicating high-grade gold mineralization in the Austin Zone, with significant potential for further discoveries [1][2][3] Summary by Sections Drill Results - The recent drilling at the Madsen Mine has revealed high-grade gold intercepts, particularly in the Austin Zone, which has an Indicated mineral resource of 914,200 ounces at a grade of 6.9 grams per tonne and an Inferred resource of 104,900 ounces at 6.5 grams per tonne [2][3][29] - Notable drill results include Hole MM25D-12-4860-004, which intersected 7.75 meters at 139.45 grams per tonne gold, including a remarkable 2 meters at 532.25 grams per tonne [5][9] Mining Potential - The company is focusing on the lower portions of the Austin Zone, where historical mining occurred in the 1950s and 60s, suggesting significant untapped potential for gold recovery [2][3] - The ongoing drilling program aims to define near-term mining inventory and expand the current mineral resource, particularly in the Austin, South Austin, North Austin, and McVeigh Zones [16][29] Geological Context - The mineralization at the Madsen Mine is associated with broad alteration corridors and has been subjected to high temperatures during metamorphism, which has influenced the mineral assemblage [11][13] - The Austin structures are characterized by complex geological features, including folding and structural dismemberment, which may enhance the potential for high-grade gold deposits [11][14] Resource Estimates - The Madsen Mine currently hosts a total Indicated resource of 1.65 million ounces of gold at a grade of 7.4 grams per tonne, with an Inferred resource of 0.37 million ounces at 6.3 grams per tonne [29] - The mine also contains Probable reserves of 478,000 ounces at a grade of 8.16 grams per tonne, based on a gold price of US$1,680 per ounce [29]