West Red Lake Gold Intersects 17.77 g/t Au over 5.5m at McVeigh and 7.35 g/t Au over 12.12m at Austin – Madsen Mine
August 27, 2024
Vancouver, BC
West Red Lake Gold Intersects 17.77 g/t Au over 5.5m
at McVeigh and 7.35 g/t Au over 12.12m at Austin –
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 an 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.
These results follow-up on the significant intercepts previously announced on August 12, 2024,
where drilling returned 107.61 g/t Au over 2.5 meters (“m”) at Austin and 106.99 g/t Au over
2.35m at McVeigh.
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.
MCVEIGH ZONE HIGHLIGHTS:
Hole MM24D-01-4081-025 Intersected 5.5m @ 17.77 g/t Au , from 44.5m to 50.0m,
Including 2.2m @ 38.56 g/t Au, from 45.0m to 47.2m, Also Including 0.5m @ 19.15 g/t
Au, from 49.5m to 50.0m.
Hole MM24D-01-4081-028 Intersected 2m @ 36.62 g/t Au , from 5 1.5m to 53.5m,
Including 0.6m @ 100.44 g/t Au, from 52.4m to 53.0m.
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Hole MM24D-01-4081-027 Intersected 5m @ 10.82 g/t Au, from 43m to 48m, Including
1m @ 11.44 g/t Au, from 44m to 45m, Also including 0.5m @ 64.71 g/t Au, from 46.6m
to 47.1m.
Hole MM24D-01-4081-039 Intersected 0.6m @ 89.93 g/t Au, from 50.0m to 50.6m.
AUSTIN ZONE HIGHLIGHTS:
Hole MM24D-09-4796-025 Intersected 12.12m @ 7.35 g/t Au, from 92.88m to 105.00m,
Including 2.5m @ 19.39 g/t Au, from 93.5m to 96.0m.
Hole MM24D-09-4796-023 Intersected 7m @ 11.06 g/t Au , from 85.5m to 92.5m,
Including 0.51m @ 15.72 g/t Au, from 87.09m to 87.60m, Also including 1.87m @ 28.14
g/t Au, from 90.63m to 92.50m.
Hole MM24D-09-4796-029 Intersected 6.3m @ 6.04 g/t Au , from 77.0m to 83.3m,
Including 0.67m @ 13.82 g/t Au, from 78.00m to 78.67m, Also including 1m @ 12.60 g/t
Au, from 82.3m to 83.3m.
Shane Williams, President & CEO, stated, “The exceptional drill results that continue to be
produced from McVeigh are very encouraging and highlight the opportunity that remains in this
shallow, high-grade, easily accessible portion of the Madsen deposit. The Austin zone also
continues to impress with solid results that help to strengthen our view that the Madsen deposit
has plenty of meat left on the bones while also offering significant upside as we continue to
access deeper portions of the main deposit.”
Plan maps and section for the Austin and McVeigh drilling outlined in this release are provided in
Figures 1 through 13.
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-09-4796-019 Austin No Assays > 3 g/t Au
MM24D-09-4796-020 Austin 60.50 64.00 3.50 3.57
MM24D-09-4796-021 Austin 79.00 82.49 3.49 5.25
Incl. 81.18 81.68 0.50 14.77
MM24D-09-4796-022 Austin No Assays > 3 g/t Au
MM24D-09-4796-023
Austin
85.50 92.50 7.00 11.06
Incl. 87.09 87.60 0.51 15.72
Also Incl. 90.63 92.50 1.87 28.14
MM24D-09-4796-024 Austin 72.24 73.41 1.17 3.50
MM24D-09-4796-025 Austin 83.00 87.46 4.46 4.29
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Hole ID Target From (m) To (m) Length (m)* Au (g/t)
Incl. Austin 85.43 86.50 1.07 11.56
AND Austin 92.88 105.00 12.12 7.35
Incl. 93.50 96.00 2.50 19.39
MM24D-09-4796-026 Austin 94.00 99.50 5.50 3.56
MM24D-09-4796-027 Austin 94.00 98.43 4.43 3.26
AND Austin 102.00 102.75 0.75 3.76
AND Austin 104.13 105.00 0.87 6.82
MM24D-09-4796-028 Austin 64.96 65.84 0.88 5.26
AND Austin 68.35 70.55 2.20 3.01
AND Austin 99.50 102.30 2.80 3.43
MM24D-09-4796-029
Austin
77.00 83.30 6.30 6.04
Incl. 78.00 78.67 0.67 13.82
Also Incl. 82.30 83.30 1.00 12.60
AND Austin 94.00 95.42 1.42 3.16
MM24D-01-4081-020 McVeigh 34.00 39.00 5.00 3.48
Incl. 37.00 37.50 0.50 10.63
MM24D-01-4081-021 McVeigh 39.20 40.60 1.40 4.49
MM24D-01-4081-022 McVeigh 25.80 28.00 2.20 6.73
Incl. 25.80 26.30 0.50 26.09
AND McVeigh 32.00 33.00 1.00 6.78
AND McVeigh 35.50 36.00 0.50 3.59
AND McVeigh 37.00 37.50 0.50 3.00
MM24D-01-4081-023 McVeigh 19.85 22.10 2.25 5.89
AND McVeigh 38.50 41.35 2.85 6.15
MM24D-01-4081-024 McVeigh 40.00 43.10 3.10 3.01
AND McVeigh 54.00 55.00 1.00 6.69
MM24D-01-4081-025 McVeigh 20.60 23.60 3.00 3.25
AND McVeigh 36.50 41.50 5.00 4.15
Incl. 37.00 37.50 0.50 12.99
AND
McVeigh
44.50 50.00 5.50 17.77
Incl. 45.00 47.20 2.20 38.56
Also Incl. 49.50 50.00 0.50 19.15
MM24D-01-4081-026 McVeigh 35.00 35.50 0.50 3.54
AND McVeigh 38.00 39.00 1.00 4.01
AND McVeigh 41.50 45.00 3.50 3.78
Incl. 43.50 44.00 0.50 16.06
MM24D-01-4081-027 McVeigh 20.00 21.50 1.50 3.47
AND
McVeigh
43.00 48.00 5.00 10.82
Incl. 44.00 45.00 1.00 11.44
Also Incl. 46.60 47.10 0.50 64.71
MM24D-01-4081-028 McVeigh 28.85 31.00 2.15 3.03
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Hole ID Target From (m) To (m) Length (m)* Au (g/t)
AND McVeigh 40.00 40.50 0.50 4.42
AND McVeigh 51.50 53.50 2.00 36.62
Incl. 52.40 53.00 0.60 100.44
MM24D-01-4081-029 McVeigh 39.50 40.00 0.50 3.14
MM24D-01-4081-030
McVeigh
38.50 42.90 4.40 10.45
Incl. 39.50 40.50 1.00 30.17
Also Incl. 41.60 42.10 0.50 22.86
MM24D-01-4081-031 McVeigh 31.00 31.50 0.50 4.64
AND 33.00 34.00 1.00 3.98
AND McVeigh 49.50 50.50 1.00 10.66
MM24D-01-4081-032 McVeigh 25.50 30.50 5.00 7.43
Incl. 28.00 28.50 0.50 38.68
AND McVeigh 33.00 35.30 2.30 6.35
Incl. 33.00 33.95 0.95 14.65
MM24D-01-4081-033 McVeigh 26.50 29.50 3.00 15.61
Incl. 29.00 29.50 0.50 88.48
AND McVeigh 45.25 46.75 1.50 9.52
Incl. 45.25 46.00 0.75 10.66
MM24D-01-4081-034 McVeigh 31.27 33.00 1.73 3.68
MM24D-01-4081-035 McVeigh 27.13 32.00 4.87 3.22
MM24D-01-4081-036 McVeigh 29.00 30.00 1.00 4.77
AND McVeigh 54.45 55.25 0.80 6.67
MM24D-01-4081-037 McVeigh 29.50 30.50 1.00 4.23
AND McVeigh 34.00 34.50 0.50 3.26
MM24D-01-4081-038 McVeigh No Assays > 3 g/t Au
MM24D-01-4081-039 McVeigh 43.00 43.50 0.50 3.04
AND McVeigh 50.00 50.60 0.60 89.93
AND McVeigh 61.00 63.50 2.50 8.84
Incl. 63.00 63.50 0.50 34.62
MM24D-01-4081-040 McVeigh 44.00 45.40 1.40 3.32
AND McVeigh 53.40 54.00 0.60 3.05
MM24D-01-4081-041 McVeigh 51.00 55.00 4.00 3.30
MM24D-01-4081-042 McVeigh 34.50 35.05 0.55 15.86
AND McVeigh 48.50 51.00 2.50 9.13
Incl. 48.50 49.42 0.92 24.19
AND McVeigh 55.00 56.00 1.00 4.56
MM24D-01-4081-043 McVeigh 49.00 50.00 1.00 3.97
MM24D-01-4081-044 McVeigh 34.00 36.50 2.50 3.25
AND McVeigh 53.00 54.00 1.00 5.01
MM24D-01-4081-045 McVeigh 37.50 38.00 0.50 3.43
AND McVeigh 58.00 60.00 2.00 21.61
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Hole ID Target From (m) To (m) Length (m)* Au (g/t)
Incl. 59.00 60.00 1.00 42.70
MM24D-01-4081-046 McVeigh 43.30 44.00 0.70 4.18
MM24D-01-4081-047 McVeigh 30.00 30.94 0.94 3.99
AND McVeigh 36.00 38.00 2.00 3.33
AND McVeigh 48.00 49.25 1.25 7.06
Incl. 48.50 49.25 0.75 10.43
MM24D-01-4081-048 McVeigh 33.50 35.10 1.60 3.28
AND McVeigh 53.00 55.00 2.00 3.70
MM24D-01-4081-049 McVeigh 48.50 50.00 1.50 14.19
MM24D-01-4081-050 McVeigh No Assays > 3 g/t Au
MM24D-01-4081-051 McVeigh 49.90 51.00 1.10 11.11
Incl. 50.44 51.00 0.56 21.29
*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.
TABLE 2: Drill collar summary for holes reported in this News Release.
Hole ID Target Easting Northing Elev
(m)
Length
(m) Azimuth Dip
MM24D-09-4796-019 Austin 435855 5646651 -16 50.6 343 -4
MM24D-09-4796-020 Austin 435855 5646651 -17 83.0 345 15
MM24D-09-4796-021 Austin 435855 5646651 -17 88.8 348 9
MM24D-09-4796-022 Austin 435855 5646652 -17 81.0 349 -7
MM24D-09-4796-023 Austin 435855 5646652 -16 95.1 354 11
MM24D-09-4796-024 Austin 435855 5646652 -17 75.2 354 -2
MM24D-09-4796-025 Austin 435855 5646652 -17 111.0 356 5
MM24D-09-4796-026 Austin 435855 5646652 -17 100.3 359 10
MM24D-09-4796-027 Austin 435856 5646652 -17 105.0 2 4
MM24D-09-4796-028 Austin 435855 5646652 -17 102.3 2 0
MM24D-09-4796-029 Austin 435855 5646652 -17 111.0 2 -6
MM24D-01-4081-020 McVeigh 435208 5646247 355 81.0 114 -13
MM24D-01-4081-021 McVeigh 435208 5646247 355 90.0 114 -27
MM24D-01-4081-022 McVeigh 435208 5646247 356 75.0 121 0
MM24D-01-4081-023 McVeigh 435208 5646247 356 57.0 127 12
MM24D-01-4081-024 McVeigh 435208 5646247 355 66.0 130 -17
MM24D-01-4081-025 McVeigh 435208 5646246 356 60.0 130 -8
MM24D-01-4081-026 McVeigh 435208 5646247 355 90.0 130 -27
MM24D-01-4081-027 McVeigh 435208 5646246 356 63.0 140 6
MM24D-01-4081-028 McVeigh 435219 5646265 356 72.0 96 12
MM24D-01-4081-029 McVeigh 435219 5646265 356 78.0 96 -11
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Hole ID Target Easting Northing Elev
(m)
Length
(m) Azimuth Dip
MM24D-01-4081-030 McVeigh 435219 5646265 355 84.0 96 -22
MM24D-01-4081-031 McVeigh 435219 5646265 356 66.0 107 0
MM24D-01-4081-032 McVeigh 435219 5646264 355 72.0 112 -11
MM24D-01-4081-033 McVeigh 435219 5646264 356 66.0 121 11
MM24D-01-4081-034 McVeigh 435219 5646264 356 63.0 120 0
MM24D-01-4081-035 McVeigh 435219 5646264 355 75.0 120 -22
MM24D-01-4081-036 McVeigh 435219 5646264 355 66.0 126 -11
MM24D-01-4081-037 McVeigh 435219 5646264 356 63.0 132 0
MM24D-01-4081-038 McVeigh 435230 5646283 356 75.0 76 0
MM24D-01-4081-039 McVeigh 435230 5646283 356 75.0 76 -8
MM24D-01-4081-040 McVeigh 435230 5646283 355 85.0 76 -20
MM24D-01-4081-041 McVeigh 435229 5646283 356 72.0 86 0
MM24D-01-4081-042 McVeigh 435229 5646282 357 66.0 99 11
MM24D-01-4081-043 McVeigh 435229 5646282 356 69.0 100 2
MM24D-01-4081-044 McVeigh 435229 5646282 356 63.0 100 -8
MM24D-01-4081-045 McVeigh 435229 5646282 356 72.0 97 -19
MM24D-01-4081-046 McVeigh 435229 5646282 355 85.0 99 -31
MM24D-01-4081-047 McVeigh 435229 5646282 356 63.0 109 0
MM24D-01-4081-048 McVeigh 435229 5646282 356 75.0 109 -18
MM24D-01-4081-049 McVeigh 435229 5646282 356 63.0 120 0
MM24D-01-4081-050 McVeigh 435229 5646282 355 81.0 121 -31
MM24D-01-4081-051 McVeigh 435229 5646281 356 69.0 131 0
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 su bsequent 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 int ense 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 assemblag e 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
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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-27th-news-release-maps/
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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”, pr epared 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.