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]

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 NQ diameter 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 1.5-million-ounce indicated resource that is open for expansion at depth, with several satellite deposits and untested exploration targets [2]. - The Fork Deposit is located just 250 meters from the Madsen Mine, offering a non-remnant zone of mineralization that could be accessed within a few months of development [2]. Historical Drilling Highlights - Significant historical drill results include Hole RUM-08-49, which intersected 13.05 meters at 13.97 grams per tonne gold, and Hole PDM04-318, which intersected 9.3 meters at 8.14 grams per tonne gold [7][10]. - The average thickness of the high-grade zone is conservatively estimated at approximately 2 meters based on existing core length intercepts [6]. Geological Context - The Fork deposit lies within two concordant shear zones, with gold distribution controlled by the intersection with ultramafic sills and iron formation units [14]. - The mineralized body is characterized by deformed quartz veins and is associated with hydrothermally altered rock controlled by shear zones [17]. Future Development Plans - The company is ready to pursue a hub-and-spoke growth model at Madsen, with simultaneous surface drilling programs at Fork and Rowan [2]. - The extension of underground development towards Fork will open significant exploration potential along the main structural trend from Madsen [6].