[Video Enhanced] West Red Lake Gold Advances High-grade Fork Deposit

Core Insights - West Red Lake Gold Mines announced a fully funded 3,000-meter infill drilling program at the Fork Deposit, located 250 meters southwest of the Madsen Mine in the Red Lake Gold District, aimed at increasing near-term gold production [1][2][14] Company Developments - The mine-building team is focused on optimizing the Madsen Mine and developing high-grade satellite deposits, including the Rowan Deposit with an indicated resource of 195,746 ounces of gold at 12.78 g/t, projected to produce an average of 35,230 ounces annually over five years [2][14] - The Fork Deposit has an indicated resource of 20,900 ounces at 5.3 g/t gold, with an inferred resource of 49,500 ounces at 5.2 g/t gold, and is being re-envisioned as a high-grade near-mine resource expansion target [3][10] Drilling Program and Production Plans - The 3,000-meter drilling program aims to improve confidence in the Fork Deposit model, potentially leading to a mine design that could allow for mining operations to commence in the second half of 2026 [12][14] - The Madsen Mine currently hosts an indicated resource of 1.65 million ounces of gold at 7.4 g/t within 6.9 million tonnes, and an inferred resource of 0.37 million ounces at 6.3 g/t within 1.8 million tonnes [14] Strategic Vision - The company is pursuing a hub-and-spoke growth model at Madsen, with simultaneous surface drilling programs at Fork and Rowan to evaluate additional high-grade gold opportunities within the Red Lake district [14] - The focus on the Fork Deposit is driven by its shallow nature, high grades, and proximity to existing underground development, which could enhance the overall production pipeline at Madsen [6][10]