West Red Lake Gold Intersects 114.26 g/t Au over 10.6m, 77.90 g/t Au over 3m and 24.48 g/t Au over 8.5m at South Austin - Madsen Mine

3 months ago 16
Suniway Group of Companies Inc.

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VANCOUVER, British Columbia, Feb. 26, 2025 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. ("West Red Lake Gold” or "WRLG” or the "Company”) (TSXV: WRLG) (OTCQB: WRLGF) is pleased to report drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.

The drill results featured in this news release are focused on the high-grade South Austin Zone, which currently contains an Indicated mineral resource of 474,600 ounces ("oz”) grading 8.7 grams per tonne ("g/t”) gold ("Au”), with an additional Inferred resource of 31,800 oz grading 8.7 g/t Au.

These results follow-up on the significant intercepts previously announced on September 24, 2024, where drilling returned 49.39 g/t Au over 4.48 meters ("m”) and 18.46 g/t Au over 11.2m, and on October 8, 2024, where drilling returned 37.09 g/t Au over 3.12m and 18.11 g/t Au over 2.76m.

The purpose of this drilling was definition and expansion within priority areas of South Austin to continue building an inventory of high-confidence ounces to support the restart of production at the Madsen mine, which is expected to commence in 2025. The Company recently filed a Technical Report for its Pre-Feasibility Study for Madsen on February 18, 2025.

SOUTH AUSTIN ZONE HIGHLIGHTS:

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  • Hole MM24D-08-4447-069 Intersected 10.6m @ 114.26 g/t Au, from 122.0m to 132.6m, Including 0.7m @ 1,609.26 g/t Au, from 130.5m to 131.2m, within a broader high-grade interval of 4.25m @ 282.00 g/t Au, from 127.80m to 132.05m. This high-grade intercept was complimented by visible gold hosted within a 0.85m wide diopside vein.
  • Hole MM24D-08-4447-064 Intersected 3m @ 77.90 g/t Au, from 120m to 123m, Including 1m @ 233.20 g/t Au, from 121m to 122m.
  • Hole MM24D-08-4447-073 Intersected 8.5m @ 24.48 g/t Au, from 126.0m to 134.5m, Including 1.15m @ 30.19 g/t Au, from 129.85m to 131.00m, Also including 2.9m @ 53.76 g/t Au, from 131.6m to 134.5m.
  • Hole MM24D-08-4447-072 Intersected 7m @ 29.22 g/t Au, from 108m to 115m, Including 4m @ 48.87 g/t Au, from 111m to 115m.
  • Hole MM24D-08-4447-067 Intersected 10.15m @ 18.76 g/t Au, from 127.85m to 138.00m, Including 1.75m @ 92.52 g/t Au, from 128.85m to 130.60m.
  • Hole MM24D-08-4447-054 Intersected 5m @ 21.12 g/t Au, from 115.5m to 120.5m, Including 1m @ 103.39 g/t Au, from 115.5m to 116.6m. This high-grade intercept was complimented by visible gold hosted within blue-grey quartz veinlets.
  • Hole MM24D-08-4447-063 Intersected 1m @ 99.80 g/t Au, from 79m to 80m. This high-grade intercept was complimented by visible gold hosted within a strongly altered foliated ("SAFZ”) zone.
  • Hole MM24D-08-4447-076 Intersected 2m @ 33.18 g/t Au, from 125m to 127m, Including 1m @ 66.05 g/t Au, from 125m to 126m.
  • Hole MM24D-08-4447-071 Intersected 3.65m @ 13.33 g/t Au, from 121.55m to 125.20m, Including 0.5m @ 74.57 g/t Au, from 124.1m to 124.6m.
  • Hole MM24D-08-4447-068 Intersected 5.4m @ 7.87 g/t Au, from 136.6m to 142.0m, Including 1m @ 34.47 g/t Au, from 137.6m to 138.6m. This high-grade intercept was complimented by visible gold hosted within a 0.53m wide diopside vein.

Shane Williams, President & CEO, stated, "As we continue to define and expand this deeper portion of South Austin from the 08-4447 drill bay, it's very encouraging to see consistent increases in grade and thickness of the mineralized zone as the drilling program advances. This success speaks to our Geology team's understanding of the orebody and systematic approach to how data is received, processed and interpreted to ensure the next round of drilling is directed exactly where it needs to be. We see tremendous potential at depth in the Madsen orebody and results like the ones highlighted in this update illustrate the exceptional high-grade potential that exists within Red Lake gold systems.”

TABLE 1. Significant intercepts (>3 g/t Au) from drilling at South Austin Zone.

Hole IDTargetFrom (m)To (m)Length (m)*Au (g/t)
MM24D-08-4447-054South Austin94.0095.001.0017.71
ANDSouth Austin115.50120.505.0021.12
Incl.115.50116.501.00103.39
MM24D-08-4447-055South Austin117.20119.001.806.83
ANDSouth Austin123.00125.002.009.46
MM24D-08-4447-056South AustinNo Assays > 3 g/t Au
MM24D-08-4447-057South AustinNo Assays > 3 g/t Au
MM24D-08-4447-058South Austin114.80117.202.404.29
MM24D-08-4447-059South AustinNo Assays > 3 g/t Au
MM24D-08-4447-060South Austin120.00123.003.004.60
Incl.122.00123.001.0012.67
MM24D-08-4447-061South Austin95.0096.001.003.44
ANDSouth Austin128.56130.001.4411.09
Incl.129.30130.000.7021.68
MM24D-08-4447-062South Austin115.80120.234.437.87
Incl.South Austin119.23120.231.0025.68
MM24D-08-4447-063South Austin75.0075.700.705.29
ANDSouth Austin79.0080.001.0099.80
ANDSouth Austin115.26115.800.544.44
ANDSouth Austin119.12120.121.0010.97
MM24D-08-4447-064South Austin120.00123.003.0077.90
Incl.121.00122.001.00233.20
MM24D-08-4447-065South Austin106.00107.001.004.18
ANDSouth Austin118.00120.002.006.12
Incl.119.00120.001.0011.25
ANDSouth Austin123.00125.002.003.10
ANDSouth Austin126.75132.005.257.11
Incl.129.25130.621.3711.78
ANDSouth Austin139.00142.003.0013.06
Incl.140.00141.001.0034.88
MM24D-08-4447-066South Austin117.00119.002.003.26
MM24D-08-4447-067South Austin89.5091.001.504.12
ANDSouth Austin99.00103.004.003.29
ANDSouth Austin121.00124.003.005.57
ANDSouth Austin127.85138.0010.1518.76
Incl.128.85130.601.7592.52
MM24D-08-4447-068South Austin109.00115.006.0011.18
Incl.110.00111.001.0017.94
Also Incl.113.00115.002.0019.77
ANDSouth Austin136.60142.005.407.87
Incl.137.60138.601.0034.47
MM24D-08-4447-069South Austin79.0081.002.004.33
ANDSouth Austin122.00132.6010.60114.26
Incl.127.80132.054.25282.00
Also Incl.130.50131.200.701,609.26
MM24D-08-4447-070South Austin73.0075.002.006.55
Incl.73.0074.001.0011.73
ANDSouth Austin80.0082.002.003.86
ANDSouth Austin114.83116.641.813.48
ANDSouth Austin119.60120.601.006.88
Incl.119.60120.100.5012.34
MM24D-08-4447-071South Austin121.55125.203.6513.33
Incl.124.10124.600.5074.57
MM24D-08-4447-072South Austin108.00115.007.0029.22
Incl.111.00115.004.0048.87
ANDSouth Austin139.00139.560.564.26
ANDSouth Austin150.90152.001.106.20
Incl.151.40152.000.6010.73
MM24D-08-4447-073South Austin126.00

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