West Red Lake Gold Confirms Additional High-Grade Gold in Lower Austin with 26.16 g/t Au over 11.2m, 37.87 g/t Au over 3.55m and 10.55 g/t Au over 8m

Core Viewpoint - West Red Lake Gold Mines Ltd. reports positive drill results from its Madsen Mine, indicating strong potential for sustainable gold production in the Red Lake Gold District of Ontario, Canada [1][2]. Group 1: Drill Results and Resource Estimates - The Madsen Mine's Austin Zone has an Indicated mineral resource of 914,200 ounces grading 6.9 grams per tonne gold, with an additional Inferred resource of 104,900 ounces grading 6.5 g/t gold [2]. - Recent drilling at the 12-4860 drill station revealed high-grade intercepts, including 11.2 meters at 26.16 g/t gold and 2 meters at 131.70 g/t gold [5][9]. - The overall mineral resources at the Madsen Mine are estimated at 1.65 million ounces grading 7.4 g/t gold, with an Inferred resource of 0.37 million ounces grading 6.3 g/t gold [31]. Group 2: Exploration Strategy and Future Plans - The company is aggressively pursuing exploration to access deeper parts of the Madsen Mine, focusing on the Austin Zone and its potential for additional high-grade gold lenses [2][3]. - Plans are being finalized for development projects to facilitate access to more distal portions of the resource for conversion drilling and future mine planning [2]. - The current underground drilling program aims to define near-term mining inventory and grow the existing mineral resource, with a focus on higher-grade portions of the Austin, South Austin, North Austin, and McVeigh Zones [18]. Group 3: Geological Context - The mineralized domains at the Madsen Mine, including the Austin structures, are hosted within broad alteration and deformation corridors, indicating a complex geological history conducive to gold mineralization [13][14]. - The North Austin Zone displays 'mine-style' alteration and mineralization, remaining open at depth and along strike to the northeast, suggesting further exploration potential [15].