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[Video Enhanced] West Red Lake Gold Targets Fork Satellite Deposit for Near Term Production
Thenewswire· 2026-03-19 12:30
Core Viewpoint - West Red Lake Gold Mines (WRLG) has reported significant infill drill results from its Fork Deposit, which is expected to enhance the resource area ahead of a construction decision, contributing to the company's growth strategy in the Red Lake Gold District [1][3][12]. Production and Financial Performance - In 2025, the Madsen Mine produced 20,147 ounces of gold, generating total sales revenue of US$73 million (C$99 million) at an average price of US$3,650 per ounce [2]. - Since declaring commercial production on January 1, 2026, gold prices have surged by 15%, increasing from US$4,330 per ounce to US$5,000 per ounce [2]. Drilling Results and Resource Assessment - The infill drilling program at Fork included 3,204 meters of diamond drilling across 17 holes, focusing on a shallow, high-grade gold mineralization zone [12]. - Notable drill results include: - Hole WRL26-047: 1m @ 41.25 g/t Au, including 0.5m @ 77.8 g/t Au [7]. - Hole WRL25-037: 4.5m @ 5.8 g/t Au, including 1m @ 7.68 g/t Au [7]. - Hole WRL25-036: 3.3m @ 4.22 g/t Au, including 1m @ 6.83 g/t Au [7]. Strategic Development Plans - The engineering team is working on the initial mine design for the Fork area, which is located only 250 meters from the existing underground infrastructure of the Madsen Mine [3][8]. - The company aims to develop multiple satellite gold deposits to achieve a production target of 100,000 ounces per year by 2028 [11]. Future Outlook - A combined Prefeasibility Study (PFS) for the Madsen and Rowan projects is planned for Q3 2026, which is expected to capture the scale and full value of WRLG's future gold production hub in Red Lake, Ontario [13].
[Video Enhanced] West Red Lake Gold Continues Success in 904 Complex Hitting 1m @ 1,016 g/t Gold within 4.75 Meters of 219 g/t Gold
Thenewswire· 2026-03-02 11:30
Vancouver, BC, March 2, 2026 - TheNewswire – Global Stocks News - Sponsored content disseminated on behalf of West Red Lake Gold. On February 25, 2026, West Red Lake Gold Mines (TSXV: WRLG) (OTCQB: WRLGF) reported drill results from the 904 Complex in Lower Austin and South Austin, at the Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.“We view the 904 Complex in a similar light as the 4447 area in South Austin – where drilling in 2025 uncovered very high-grade lenses of g ...