West Red Lake Gold Intercepts 44.17 g/t Au over 1.3m and 20.63 g/t Au over 0.5m at Upper 8 Target
October 2, 2024
Vancouver, BC
West Red Lake Gold Intercepts 44.17 g/t Au over
1.3m and 20.63 g/t Au over 0.5m at Upper 8 Target
– Madsen Property
West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV:
WRLG) (OTCQB: WRLGF) is pleased to report initial drill results from the Upper 8 Target (“Upper
8”) from its 100% owned Madsen Property located in the Red Lake Gold District of Northwestern
Ontario, Canada.
The drill results featured in this news release are focused on the Upper 8 t arget, which is a
shallower geologic analog to the well known high-grade 8-Zone. The Upper 8 target is hosted
within the same lithologic unit (Russet Lake Ultramafic) approximately 750m up-plunge from the
main 8-Zone deposit (Figure 3). Its location in ultramafic rocks, its style of mineralization, and its
exceptionally high grades make the 8 Zone geologically unique from the main Madsen deposit.
The 8 Zone currently contains an Indicated mineral resource of 87,700 ounces (“oz”) grading 18
grams per tonne (“g/t”) gold (“Au”) , with an additional Inferred resource of 18,200 oz grading
14.6 g/t Au.
These are the first drill results announced from an ongoing 10,000m surface exploration drilling
program designed to test a number of high-priority targets across the Madsen property (Figures
1 and 2). Details and target descriptions for this program were outlined in a previous news release
dated August 10, 2024.
UPPER 8 HIGHLIGHTS:
• Hole WRL24-002 Intersected 4.1m @ 14.20 g/t Au, from 354.8m to 358.9m, Including
1.3m @ 44.17 g/t Au, from 357.0m to 358.3m.
• Hole WRL24-003 Intersected 1.85m @ 6.33 g/t Au, from 332.45m to 334.30m, Including
0.5m @ 20.63 g/t Au, from 333.8m to 334.3m.
Will Robinson, Vice President of Exploration, stated, “The initial results from Upper 8 drilling are
quite encouraging and not only demonstrate proof-of-concept for our regional targeting model,
but also reinforce our thesis that there is very real potential for discovery of another 8-Zone type
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deposit on our highly prospective Madsen property. The relatively shallow position of Upper 8
allows for us to drill this target effectively from surface with a high degree of accuracy. With two
out of three of the initial holes drilled at Upper 8 returning high-grade gold mineralization where
projected, we are planning to add a second drill in the coming weeks dedicated to drilling at
Upper 8. The team is very excited to return to this area to continue defining and growing this
shallower 8-Zone analog.”
Plan maps and sections for the Upper 8 drilling outlined in this release are provided in Figures 1
through 4.
TABLE 1. Significant intercepts (>1 g/t Au) from drilling at Upper 8 Target.
Hole ID Target From (m) To (m) Length (m)* Au (g/t)
WRL24-001 Upper 8 286.65 287.15 0.50 1.26
WRL24-002 Upper 8 333.41 337.41 4.00 1.66
Incl. 336.91 337.41 0.50 5.07
AND Upper 8 341.05 341.55 0.50 2.40
AND Upper 8 347.45 348.07 0.62 1.15
AND Upper 8 350.21 351.13 0.92 5.20
AND Upper 8 354.80 358.90 4.10 14.20
Incl. 357.00 358.30 1.30 44.17
WRL24-003 Upper 8 287.60 289.10 1.50 2.11
Incl. 288.10 288.60 0.50 4.28
AND Upper 8 332.45 334.30 1.85 6.33
Incl. 333.80 334.30 0.50 20.63
*The “From-To” intervals in Table 1 are denoting overall downhole length of the intercept. True thickness has not
been calculated for these intercepts but is expected to be ≥ 70% of downhole thickness based on intercept angles
observed in the drill core. Internal dilution for composite intervals does not exceed 1m for samples grading <0.1 g/t
Au.
TABLE 2: Drill collar summary for holes reported in this News Release.
Hole ID Target Easting Northing Elev (m) Length (m) Azimuth Dip
WRL24-001 Upper 8 434914 5646577 407 401.8 278 -56
WRL24-002 Upper 8 434914 5646577 407 500.2 289 -45
WRL24-003 Upper 8 434914 5646577 407 500.3 289 -49
DISCUSSION:
Drilling on the Upper 8 target is designed to test the projected, near -surface extension of the
mineralized shear corridor that hosts the highly prospective 8 -Zone. The Upper 8 target horizon
was intercepted in only a few historic drill holes, which encountered a zone of strong sh earing,
alteration and quartz veining equivalent to 8-Zone style mineralization.
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Recent drilling on the Upper 8 target by WRLG has shown that gold mineralization is similar in
geological setting and style as the deeper 8-Zone deposit. Elevated gold at Upper 8 is shown to
occur within deformed and recrystalized blue -grey quartz and quartz -sulphide veinlets. These
veinlets are hosted within shear domains, which are easily recogniz able by their locally intense
deformation fabrics, and the presence of silica, biotite, potassium feldspar, and amphibole
alteration.
The Upper 8 shear domain is hosted within the Russet Lake Ultramafic, which also hosts the 8 -
Zone deposit, and the angle of shear emplacement of Upper 8 is sympathetic to the structural
orientation observed at 8-Zone. Recognition that the gold mineralization at the Upper 8 target is
comprised of transposed quartz veinlets within a definable and recognizable shear corridor
provides excellent opportunity for additional drilling and expansion potential.
High resolution versions of all the figures contained in this press release can be found at the
following web address: https://westredlakegold.com/october-1st-news-release-maps/
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FIGURE 1. Regional Targeting Map for 2024 Surface Drilling Program at Madsen.
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FIGURE 2. Regional Targeting Map for 2024 Surface Drilling Program at Madsen w/ Magnetics (RTP) Tilt Derivative Overlay.
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FIGURE 3. Sectional View of Upper 8 Target relative to 8 -Zone and Madsen deposits. [1] Note the similarity in orientation of the Upper 8
shear boundary relative to orientation on the 8-Zone - suggests potential for sub-parallel structures between 8-Zone and Upper 8.
[1] Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US1,800/oz. Please refer to the technical report entitled “Independent NI 43- 101
Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada”, prepared by SRK Consulting (Canada) Inc. and dated June 16, 2023, and
amended April 24, 2024. A full copy of the SRK report is available on the Company’s website and on SEDAR + at www.sedarplus.ca.
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FIGURE 4. Upper 8 Target section view showing assay highlights for Holes WRL24 -001 through - 003 and interpreted Upper 8 shear
boundary.
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QUALITY ASSURANCE/QUALITY CONTROL
Exploration drilling completed on surface at the Madsen Mine consists of oriented NQ -sized
diamond drill core. All drill holes are systematically logged, photographed, and sampled by a
trained geologist at the Madsen Mine core processing facility. Minimum allowable sample length
is 0.5m. Maximum allowable sample length is 1.5m. Control samples (certified standards and
uncertified blanks), along duplicates, are inserted at a target 5% insertion rate. Results are
assessed for accuracy, precision, and contamination on an ongoing basis. The BQ-sized drill core
is whole core sampled. The NQ -sized drill core is then cut lengthwise utilizing a diamond blade
core saw along a line pre -selected by the geologist. To reduce sampling bias, the same side of
drill core is sampled consistently utilizing the orientation line as reference. For those samples
containing visible gold (“VG”), a trained geologist supervises the cutting/bagging of those
samples, and ensures the core saw blade is ‘cleaned’ with a dressing stone following the VG
sample interval. Bagged samples are then sealed with zip ties and transported by Madsen Mine
personnel directly to SGS Natural Resource’s Facility in Red Lake, Ontario for assay.
Samples are then prepped by SGS, which consists of drying at 105°C and crushing to 75% passing
2mm. A riffle splitter is then utilized to produce a 500g course reject for archive. The remainder
of the sample is then pulverized to 85% passing 75 microns from which 50g is analyzed by fire
assay and an atomic absorption spectroscopy (AAS) finish (SGS Code GO -FAA50V10). Samples
returning gold values > 10 g/t Au are reanalyzed by fire assay with a gravimetric finish on a 50g
sample (SGS Code GO_FAG50V). Samples with visible gold or returning gold values > 30 g/t Au
are also analyzed via metallic screen analysis (SGS code: GO_FAS50M). For multi- element
analysis, samples are sent to SGS’s facility in Burnaby, British Columbia and analyzed via four-acid
digest with an atomic emission spectroscopy (ICP -AES) finish for 33 -element analysis on 0.25g
sample pulps (SGS code: GE_ICP40Q12). SGS Natural Resources analytical laboratories operates
under a Quality Management System that complies with ISO/IEC 17025.
The Madsen Mine deposit presently hosts a National Instrument 43-101 – Standards of Disclosure
for Mineral Projects (“NI 43 -101”) Indicated resource of 1.65 million ounces (“Moz”) of gold
grading 7.4 g/t Au and an Inferred resource of 0.37 Moz of gold grading 6.3 g/t Au. Mineral
resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US1,800/oz. Mineral
resources that are not mineral reserves do not have demonstrated economic viability. Please
refer to the technical report entitled “Independent NI 43 -101 Technical Report and Updated
Mineral Resource Estimate for the PureGold Mine, Canada”, prepared by SRK Consulting
(Canada) Inc. and dated June 16, 2023, and amended April 24, 2024 (the “Madsen Report”). The
Madsen Resource Estimate has an effective date of December 31, 2021 and excludes depletion
of mining activity during the period from January 1, 2022 to the mine closure on October 24,
2022 as it has been deemed immaterial and not relevant for the purpose of the Madsen Report.
A full copy of the Madsen Report is available on the Company’s website and on SEDAR + at
www.sedarplus.ca.
The technical information presented in this news release has been reviewed and approved by
Will Robinson, P.Geo., Vice President of Exploration for West Red Lake Gold and the Qualified