West Red Lake Gold Intersects 107.61 g/t Au over 2.5m at Austin and 106.99 g/t Au over 2.35m at McVeigh – Madsen Mine
August 12, 2024
Vancouver, BC
West Red Lake Gold Intersects 107.61 g/t Au over 2.5m
at Austin and 106.99 g/t Au over 2.35m at McVeigh –
Madsen Mine
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 Austin and McVeigh
Zones. The Austin Zone currently contains an Indicated mineral resource of 914 ,200 ounces
(“oz”) grading 6.9 grams per tonne (“g/t”) gold (“Au”) , with an additional Inferred resource of
104,900 oz grading 6.5 g/t Au . The McVeigh Zone currently contains a n Indicated mineral
resource of 79,800 oz grading 6.4 g/t Au, with an additional Inferred resource of 14,300 oz
grading 6.9 g/t Au.
The purpose of this drilling was definition within priority areas of Austin and McVeigh 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 H2 2025. The Company expects to complete a
pre-feasibility study in support of that restart goal in the coming months.
AUSTIN ZONE HIGHLIGHTS:
• Hole MM24D-09-4796-018 Intersected 2.5m @ 107.61 g/t Au , from 80.0 m to 8 2.5m,
Including 1m @ 252.10 g/t Au, from 80m to 81m, Also including 1m @ 14.22 g/t Au, from
81m to 82m.
• Hole MM24D-09-4796-005 Intersected 7m @ 5.70 g/t Au, from 53m to 60m, Including
1m @ 12.38 g/t Au, from 54m to 55m, Also including 1m @ 10.09 g/t Au, from 59m to
60m.
• Hole MM24D-09-4796-007 Intersected 5m @ 7.68 g/t Au, from 45m to 50m, Including
2.06m @ 15.04 g/t Au, from 47m to 49.06m.
Page 2 of 20
• Hole MM24D-09-4796-006 Intersected 11.77m @ 7.04 g/t Au, from 62.23m to 74.00m,
Including 0.77m @ 34.91 g/t Au, from 62.23m to 63.00m, Also Including 0.7m @ 21.69
g/t Au, from 69.0m to 69.7m. Also including 1m @ 19.51 g/t Au, from 73m to 74m.
MCVEIGH ZONE HIGHLIGHTS:
• Hole MM24D-01-4081-019 Intersected 2.35m @ 106.99 g/t Au, from 37.65m to 40.00m,
Including 0.5m @ 13.32 g/t Au, from 37.65m to 38.15m, Also Including 0.5m @ 479.09
g/t Au, from 39.0m to 39.5m.
• Hole MM24D-01-4081-011 Intersected 3.33m @ 14.61 g/t Au, from 58.00m to 61.33m,
Including 2m @ 23.32 g/t Au, from 58m to 60m.
• Hole MM24D-01-4081-017 Intersected 4.1m @ 10.13 g/t Au, from 36.0m to 40.1m,
Including 0.5m @ 15.79 g/t Au, from 37.0m to 37.5m, Also including 0.95m @ 24.19 g/t
Au, from 39.15m to 40.10m.
Shane Williams, President & CEO, stated, “ The team continues to make great progress with the
underground definition drill program at Madsen. We always had high expectations for the Austin
Zone, which makes up the bulk of the existing resource, but to see this zone capable of producing
gold grades in excess of 250 grams per tonne over meaningful widths is particularly exciting and
underscores the upside that still exists within the main deposit. Additionally, the results coming
out of McVeigh are quite positive. With a better understanding of the geologic model, structural
controls and ore distribution in McVeigh, we are seeing renewed potential in this area.”
Plan maps and section for the Austin and McVeigh drilling outlined in this release are provided in
Figures 1 through 11.
TABLE 1. Significant intercepts (>3 g/t Au) from drilling at Austin and McVeigh Zones.
Hole ID Target From (m) To (m) Length (m)* Au (g/t)
MM24D-09-4796-001 Austin 57.02 60.00 2.98 4.71
Incl. 58.00 59.00 1.00 13.40
MM24D-09-4796-002 Austin 49.00 50.90 1.90 3.01
MM24D-09-4796-003 Austin 42.00 45.00 3.00 3.45
MM24D-09-4796-004 Austin 36.00 40.60 4.60 4.29
Incl. 39.00 40.00 1.00 14.48
MM24D-09-4796-005 Austin 32.00 35.00 3.00 3.72
AND Austin 46.00 47.05 1.05 16.57
AND
Austin
53.00 60.00 7.00 5.70
Incl. 54.00 55.00 1.00 12.38
Also Incl. 59.00 60.00 1.00 10.09
Page 3 of 20
Hole ID Target From (m) To (m) Length (m)* Au (g/t)
MM24D-09-4796-006
Austin
62.23 74.00 11.77 7.04
Incl. 62.23 63.00 0.77 34.91
Also Incl. 69.00 69.70 0.70 21.69
Also Incl. 73.00 74.00 1.00 19.51
MM24D-09-4796-007 Austin 45.00 50.00 5.00 7.68
Incl. 47.00 49.06 2.06 15.04
MM24D-09-4796-008 Austin 39.00 44.00 5.00 3.58
AND Austin 45.00 50.00 5.00 4.05
MM24D-09-4796-009 Austin 39.50 40.38 0.88 3.51
AND 54.00 55.00 1.00 3.23
MM24D-09-4796-010 Austin 56.00 57.00 1.00 3.80
AND Austin 60.00 63.00 3.00 3.30
AND Austin 64.97 68.00 3.03 6.11
Incl. 65.50 66.00 0.50 26.30
AND Austin 69.00 70.30 1.30 3.23
AND Austin 76.00 78.00 2.00 3.21
MM24D-09-4796-011 Austin 48.68 53.00 4.32 6.67
Incl. 49.50 51.20 1.70 11.74
MM24D-09-4796-012 Austin 42.00 42.50 0.50 3.28
AND Austin 44.75 49.10 4.35 6.88
Incl. 48.00 49.10 1.10 12.94
AND Austin 50.00 51.00 1.00 4.12
MM24D-09-4796-013 Austin 44.02 46.30 2.28 7.72
Incl. 45.00 45.50 0.50 14.97
MM24D-09-4796-014 Austin 50.47 57.00 6.53 3.54
AND Austin 60.93 66.43 5.50 3.63
MM24D-09-4796-015 Austin 61.00 61.50 0.50 4.24
AND Austin 81.00 83.70 2.70 3.32
MM24D-09-4796-016 Austin 76.00 81.00 5.00 3.07
MM24D-09-4796-017 Austin 65.00 66.00 1.00 4.67
MM24D-09-4796-018 Austin 66.00 69.00 3.00 6.65
AND
Austin
80.00 82.50 2.50 107.61
Incl. 80.00 81.00 1.00 252.10
Also Incl. 81.00 82.00 1.00 14.22
MM24D-01-4081-001 McVeigh No Assays > 3 g/t Au
MM24D-01-4081-002 McVeigh No Assays > 3 g/t Au
MM24D-01-4081-003 McVeigh No Assays > 3 g/t Au
MM24D-01-4081-004 McVeigh 63.00 64.50 1.50 3.06
AND McVeigh 73.00 76.00 3.00 5.34
Incl. 74.00 75.00 1.00 15.18
MM24D-01-4081-005 McVeigh No Assays > 3 g/t Au
Page 4 of 20
Hole ID Target From (m) To (m) Length (m)* Au (g/t)
MM24D-01-4081-006 McVeigh No Assays > 3 g/t Au
MM24D-01-4081-007 McVeigh 37.20 43.50 6.30 3.20
AND McVeigh 52.50 53.00 0.50 4.16
MM24D-01-4081-008 McVeigh No Assays > 3 g/t Au
MM24D-01-4081-009 McVeigh 39.12 43.90 4.78 5.18
Incl. 42.00 43.00 1.00 12.49
AND McVeigh 144.00 145.00 1.00 3.77
MM24D-01-4081-010 McVeigh 144.00 145.00 1.00 3.77
AND
McVeigh
41.07 44.61 3.54 11.71
Incl. 41.07 41.67 0.60 10.82
Also Incl. 44.00 44.61 0.61 28.89
AND McVeigh 50.00 52.00 2.00 3.68
MM24D-01-4081-011 McVeigh 44.95 45.50 0.55 5.27
AND McVeigh 47.00 48.00 1.00 5.37
AND McVeigh 58.00 61.33 3.33 14.61
Incl. 58.00 60.00 2.00 23.32
MM24D-01-4081-012 McVeigh No Assays > 3 g/t Au
MM24D-01-4081-013 McVeigh 73.00 75.00 2.00 8.95
Incl. 74.00 75.00 1.00 16.34
MM24D-01-4081-014 McVeigh No Assays > 3 g/t Au
MM24D-01-4081-015 McVeigh 53.00 53.50 0.50 4.52
AND McVeigh 57.00 58.50 1.50 3.08
MM24D-01-4081-016 McVeigh 64.00 65.50 1.50 3.06
AND McVeigh 67.50 68.00 0.50 4.87
AND McVeigh 71.00 73.85 2.85 3.34
AND McVeigh 77.25 79.10 1.85 8.17
Incl. 78.05 78.60 0.55 25.47
MM24D-01-4081-017
McVeigh
36.00 40.10 4.10 10.13
Incl. 37.00 37.50 0.50 15.79
Also Incl. 39.15 40.10 0.95 24.19
AND McVeigh 44.00 46.90 2.90 4.69
MM24D-01-4081-018 McVeigh 27.50 28.00 0.50 4.13
MM24D-01-4081-019 McVeigh 21.15 22.00 0.85 3.08
AND McVeigh 31.50 33.85 2.35 7.82
Incl. 33.00 33.85 0.85 19.18
AND
McVeigh
37.65 40.00 2.35 106.99
Incl. 37.65 38.15 0.50 13.32
Also Incl. 39.00 39.50 0.50 479.09
*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.
Page 5 of 20
TABLE 2: Drill collar summary for holes reported in this News Release.
Hole ID Target Easting Northing Elev
(m)
Length
(m) Azimuth Dip
MM24D-09-4796-001 Austin 435854 5646650 -16 60.00 004 24
MM24D-09-4796-002 Austin 435853 5646650 -16 54.00 004 16
MM24D-09-4796-003 Austin 435853 5646650 -17 48.00 004 8
MM24D-09-4796-004 Austin 435853 5646650 -17 48.00 004 0
MM24D-09-4796-005 Austin 435853 5646650 -17 60.00 004 -10
MM24D-09-4796-006 Austin 435854 5646650 -16 74.00 016 19
MM24D-09-4796-007 Austin 435854 5646650 -17 66.00 016 11
MM24D-09-4796-008 Austin 435854 5646650 -17 60.60 016 3
MM24D-09-4796-009 Austin 435854 5646650 -17 56.00 016 -4
MM24D-09-4796-010 Austin 435854 5646651 -17 80.90 025 12
MM24D-09-4796-011 Austin 435854 5646651 -17 78.18 025 6
MM24D-09-4796-012 Austin 435854 5646651 -17 63.00 025 0
MM24D-09-4796-013 Austin 435854 5646651 -17 53.40 025 -6
MM24D-09-4796-014 Austin 435855 5646651 -17 80.00 031 5
MM24D-09-4796-015 Austin 435855 5646651 -16 83.70 039 19
MM24D-09-4796-016 Austin 435855 5646651 -17 88.00 039 12
MM24D-09-4796-017 Austin 435855 5646651 -17 79.60 039 0
MM24D-09-4796-018 Austin 435855 5646651 -17 82.50 040 3
MM24D-01-4081-001 McVeigh 435185 5646214 354 69.00 128 0
MM24D-01-4081-002 McVeigh 435185 5646214 354 69.00 138 0
MM24D-01-4081-003 McVeigh 435185 5646214 354 72.00 147 0
MM24D-01-4081-004 McVeigh 435185 5646214 354 90.00 139 -23
MM24D-01-4081-005 McVeigh 435185 5646214 354 81.00 157 -42
MM24D-01-4081-006 McVeigh 435199 5646234 354 50.56 114 5
MM24D-01-4081-007 McVeigh 435199 5646234 354 75.00 114 -13
MM24D-01-4081-008 McVeigh 435199 5646234 354 66.00 114 -34
MM24D-01-4081-009 McVeigh 435199 5646234 354 150.00 127 -3
MM24D-01-4081-010 McVeigh 435199 5646234 354 147.00 132 -10
MM24D-01-4081-011 McVeigh 435199 5646234 354 93.00 132 -19
MM24D-01-4081-012 McVeigh 435199 5646234 354 93.00 131 -28
MM24D-01-4081-013 McVeigh 435199 5646234 354 78.00 139 7
MM24D-01-4081-014 McVeigh 435199 5646234 354 82.00 146 -1
MM24D-01-4081-015 McVeigh 435199 5646234 354 90.00 146 -15
MM24D-01-4081-016 McVeigh 435199 5646234 354 100.00 146 -24
MM24D-01-4081-017 McVeigh 435208 5646249 355 87.00 100 -36
MM24D-01-4081-018 McVeigh 435208 5646249 355 63.00 107 0
MM24D-01-4081-019 McVeigh 435208 5646249 355 72.00 114 12
Page 6 of 20
DISCUSSION
The Austin and McVeigh zones are both accessed through the Madsen Mine West Portal. Like the
other mineralized domains that comprise the Madsen Mine, the Austin and McVeigh structures
are hosted within broad, kilometer-scale planar alteration and deformation corridors that have
been repeatedly reactiv ated during gold mineralization and subsequent deformation and
metamorphism.
At the deposit scale the Austin, South Austin, North Austin, and McVeigh Zones are locally folded
and structurally dismembered by transposition and rotation into the penetrative S2 Foliation. In
addition to this intense deformation overprint, the mineralized veins and alteration have been
subjected to the relatively high temperatures of amphibolite facies metamorphism, which led to
extensive recrystallization and growth of the skarn -like replacement mineral assemblage of
diopside-amphibole-quartz-biotite.
All significant gold mineralization on the mine property is demonstrably early relative to the most
significant, penetrative deformation (D2) and metamorphic events. The North Austin Zone
displays ‘mine-style’ alteration and mineralization and consists of multiple mineralized domains
defined over a strike length of 0.5km . Mineralization remains open at depth and along strike to
the northeast.
In drill core, or at underground face exposures, gold-bearing zones at the Madsen Mine are best
identified visually by fine (sub-millimetre) grains of free gold within strong alteration and veining.
All high-grade intervals generally contain visible gold on drill core exteriors, although numerous
examples exist of high-grade assays where visible gold was only identified within the interior (cut
surface) of the core samples. Apart from the presence of free gold, pervasive silicification (locally
accompanied by discrete quartz veining) and quartz -carbonate or diopside veining are the best
indicators that a given interval is within a high-grade zone along/within the mineralized structure.
The current underground drilling program at the Madsen Mine is focused on further definition
of near-term mining inventory , as well as growth of the current mineral resource. Drilling has
been focused on the more continuous and higher -grade portions of the Austin, South Austin,
North Austin and McVeigh Zones. This will continue to be the strategy through 2024.
High resolution versions of all the figures contained in this press release can be found at the
following web address: https://westredlakegold.com/august-11th-news-release-maps/
Page 7 of 20
FIGURE 1. Madsen Mine long section showing location of 01-4081 and 09-4796 Drill Bays in McVeigh and Austin Zones, respectively.[1]
[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.
Page 8 of 20
FIGURE 2. Austin plan view drill section showing assay highlights for Holes MM24D-09-4796-001 through -018.[1]
[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.