West Red Lake Gold Further De-Risks Fork Satellite Deposit with Successful Infill Drilling

Core Viewpoint - West Red Lake Gold Mines Ltd. has successfully completed an infill drilling program at its Fork Deposit, which is located near the Madsen Mine in Northwestern Ontario, indicating promising results that support efficient mine planning and future extraction scenarios [1][2]. Drilling Highlights - Hole WRL26-047 intersected 1 meter at 41.25 g/t Au, including 0.5 meters at 77.8 g/t Au, with visible gold associated with quartz veining and pyrite + pyrrhotite mineralization [3][5]. - Hole WRL25-037 intersected 4.5 meters at 5.8 g/t Au, including 1 meter at 7.68 g/t Au and 2.5 meters at 6.97 g/t Au [7]. - Hole WRL25-036 intersected 3.3 meters at 4.22 g/t Au, including 1 meter at 6.83 g/t Au and another 1 meter at 5.7 g/t Au [7]. Resource Overview - The Fork deposit currently contains an Indicated mineral resource of 20,900 ounces grading 5.3 g/t Au within 123,800 tonnes, and an Inferred resource of 49,500 ounces grading 5.2 g/t Au within 298,200 tonnes [14]. - The drilling program consisted of 3,204 meters of NQ diameter diamond drilling in 17 holes, aimed at informing a construction decision for near-term production at Madsen [16]. Geological Context - The Fork deposit lies within two concordant shear zones spaced 100-150 meters apart, with gold distribution controlled by the intersection of these shear zones with ultramafic sills and iron formation units [23][24]. - The mineralized body is curvilinear and weakly folded, with gold predominantly associated with deformed quartz veins within altered rock controlled by shear zones [26]. Future Development - The engineering team at Madsen is already working on the initial mine design for the Fork area, which is only 250 meters from existing underground infrastructure, indicating significant potential for future exploration and development [2][16]. Marketing Agreement - The company has entered into a marketing agreement with Euro Pacific Asset Management LLC to enhance investor awareness and promotional services related to its commercial production activities, with a total campaign budget not exceeding USD $900,000 [42][43]. Company Background - 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 [44].