West Red Lake Gold Commences 3,000 Metre Drill Program at Fork Deposit
Globenewswire·2025-11-26 08:30

Core Viewpoint - West Red Lake Gold Mines Ltd. has announced a fully funded infill drilling program at its Fork Deposit, which is positioned as a high-grade near-mine resource expansion target, aiming to integrate it into the production pipeline at the Madsen Mine [1][2]. Summary by Sections Company Overview - West Red Lake Gold Mines Ltd. is focused on advancing its flagship Madsen Gold Mine and holds a highly prospective land package in the Red Lake district of Ontario, which has historically produced over 30 million ounces of gold [23]. Drilling Program - The infill drilling program at the Fork Deposit will consist of approximately 3,000 meters of diamond drilling from the surface, targeting a shallow, high-grade zone of gold mineralization [6]. - The Fork deposit currently contains an Indicated mineral resource of 20,900 ounces grading 5.3 grams per tonne gold, with an additional Inferred resource of 49,500 ounces grading 5.2 grams per tonne [4]. Resource Potential - The Madsen Mine has a significant indicated resource of 1.65 million ounces of gold grading 7.4 grams per tonne, with additional inferred resources [21]. - The Fork Deposit is located approximately 250 meters from the Madsen Mine, providing a strategic opportunity for near-term production integration [2][21]. Historical Drilling Highlights - Historical drilling at Fork has shown significant intercepts, including hole RUM-08-49, which intersected 13.05 meters at 13.97 grams per tonne gold [7]. - The drilling results indicate a high-grade core within the Fork resource, which has been prioritized for immediate advancement [2][4]. Geological Context - The Fork deposit lies within two shear zones, with gold distribution controlled by structural intersections with ultramafic sills and iron formation units [14][15]. - The mineralized zones at Fork have been drill tested over a 600-meter strike length and to a vertical depth of 375 meters, with thicknesses typically ranging from 1 to 5 meters [17].