West Red Lake Gold Intersects 25.12 g/t Au over 5.5m, 39.46 g/t Au over 2m and 18.60 g/t Au over 4m at South Austin Zone – Madsen Mine
March 4, 2024
Vancouver, BC
West Red Lake Gold Intersects 25.12 g/t Au over 5.5m,
39.46 g/t Au over 2m and 18.60 g/t Au over 4m at South
Austin Zone – 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 were 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.
The purpose of this drilling was definition within South Austin to continue building an inventory
of high-confidence ounces for eventual restart of the Madsen mill . Notably, visible gold (“VG”)
was observed in holes MM24D -12-4640-008 and -012 (Figure 1). Based on these observations,
additional holes were added to the drill station to further define these high-grade zones up and
down plunge.
FIGURE 1. Visible Gold from South Austin Zone in hole MM24D -12-4640-008 @ 64.77m
downhole depth.
HIGHLIGHTS:
Hole MM24D-12-4640-012 Intersected 5.5m @ 25.12 g/t Au , from 24.0m to 29.5m,
Including 1.0m @ 134.90 g/t Au, from 25.0m to 26.0m.
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Hole MM24D-12-4640-008 Intersected 3.0m @ 12.58 g/t Au , from 45.0m to 48.0m,
Including 1m @ 37.40 g/t Au, from 45.0m to 46.0m; And 2.0m @ 39.46 g/t Au , from
64.0m to 66.0m, Including 1.0m @ 76.18 g/t Au, from 64.0m to 65.0m.
Hole MM24D-12-4640-018 Intersected 4.0m @ 18.60 g/t Au , from 41.0m to 45.0m,
Including 1.0m @ 55.69 g/t Au, from 43.0m to 44.0m.
Hole MM24D-12-4640-003 Intersected 11.0m @ 6.75 g/t Au , from 47.0m to 58.0m,
Including 1.0m @ 17.01 g/t Au, from 47.0m to 48.0m, Also including 1.0m @ 10.52 g/t
Au, from 51.0m to 52.0m; Also Including 0.5m @ 18.68 g/t Au, from 54.0m to 54.5m, Also
including 0.5m @ 14.37 g/t Au, from 56.5m to 57.0m.
Hole MM24D-12-4640-021 Intersected 6.45m @ 10.43 g/t Au, from 36.0m to 42.45m,
Including 0.75m @ 49.68 g/t Au, from 39.25m to 40.0m.
Hole MM24D-12-4640-019 Intersected 3.0m @ 7.75 g/t Au , from 35.0m to 38.0m,
Including 1.0m @ 17.73 g/t Au, from 35.0m to 36.0m.
Shane Williams, President & CEO, stated, “The team has been making great progress de-risking
the Madsen deposit with definition drilling as we continue to build up an inventory of high-grade
and high-confidence ounces that will prove invaluable during the initial ramping up of mine
production. The Mine Operations team is working in tandem with Geology to ensure the
underground drills get to the highest priority areas of the deposit. T he excellent results
highlighted in this release are indicative of the upside that still exists at Madsen even within the
current life-of-mine resource inventory.”
Plan maps and section for the South Austin drilling outlined in this release are provided in Figures
2 through 6.
Since underground drilling resumed in early January 2024 the Company has completed 1,996m
of Expansion drilling and 2,716m of Definition drilling. In total, 56 diamond drill holes for 4,367m
have been completed so far in 2024 at the Madsen Mine. Fire and metallic screen assays have
been returned for 56 out of 56 holes completed, with 1 Expansion hole currently drilling.
TABLE 1. Significant intercepts (>3 g/t Au) from drilling at South Austin Zone.
Hole ID Target From (m) To (m) Thick (m)* Au (g/t)
MM24D-12-4640-001 South Austin 24.73 26.70 2.0 5.06
Incl. 26.00 26.70 0.7 13.37
MM24D-12-4640-002 No Assays > 3 g/t Au
MM24D-12-4640-003
South Austin
47.00 58.00 11.0 6.75
Incl. 47.00 48.00 1.0 17.01
Also Incl. 51.00 52.00 1.0 10.52
Also Incl. 54.00 54.50 0.5 18.68
Also Incl. 56.50 57.00 0.5 14.37
MM24D-12-4640-004 South Austin 57.40 58.00 0.6 4.33
Page 3 of 12
Hole ID Target From (m) To (m) Thick (m)* Au (g/t)
MM24D-12-4640-005 South Austin 30.80 35.00 4.2 4.36
Incl. 33.50 34.50 1.0 10.82
AND South Austin 40.50 41.00 0.5 7.69
AND South Austin 47.30 48.00 0.7 4.38
MM24D-12-4640-006 South Austin 30.50 31.00 0.5 3.34
AND South Austin 35.00 36.00 1.0 6.53
AND 52.00 53.00 1.0 3.15
MM24D-12-4640-007 No Assays > 3 g/t Au
MM24D-12-4640-008 South Austin 45.00 48.00 3.00 12.58
Incl. 45.00 46.00 1.00 37.40
AND South Austin 52.30 54.90 2.60 2.95
AND South Austin 64.00 66.00 2.00 39.46
Incl. 64.00 65.00 1.00 76.18
MM24D-12-4640-009 South Austin 27.75 28.25 0.50 5.56
AND South Austin 34.80 37.50 2.70 3.51
MM24D-12-4640-010 South Austin 23.90 24.40 0.50 4.58
AND South Austin 28.00 29.10 1.10 4.46
AND South Austin 47.95 48.75 0.80 8.11
MM24D-12-4640-011 South Austin 18.00 22.00 4.00 4.75
Incl. 20.00 21.00 1.00 15.38
AND South Austin 41.40 43.00 1.60 5.77
MM24D-12-4640-012 South Austin 16.65 17.50 0.85 5.29
AND South Austin 24.00 29.50 5.50 25.12
Incl. 25.00 26.00 1.00 134.90
MM24D-12-4640-013 No Assays > 3 g/t Au
MM24D-12-4640-014 South Austin 45.00 47.60 2.60 8.43
Incl. 46.00 47.00 1.00 20.73
MM24D-12-4640-015 South Austin 23.20 28.00 4.80 4.68
Incl. 24.20 25.00 0.80 10.98
MM24D-12-4640-016 South Austin 65.00 66.00 1.00 3.05
AND South Austin 73.00 74.00 1.00 3.16
MM24D-12-4640-017 No Assays > 3 g/t Au
MM24D-12-4640-018 South Austin 41.00 45.00 4.00 18.60
Incl. 43.00 44.00 1.00 55.69
MM24D-12-4640-019 South Austin 35.00 38.00 3.00 7.75
Incl. 35.00 36.00 1.00 17.73
MM24D-12-4640-020 No Assays > 3 g/t Au
MM24D-12-4640-021 South Austin 29.45 32.95 3.50 5.13
AND South Austin 36.00 42.45 6.45 10.43
Incl. 39.25 40.00 0.75 49.68
Page 4 of 12
*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.
FIGURE 2. Deposit-scale plan map of Madsen Mine highlighting South Austin Zone.
TABLE 2: Drill collar summary for holes reported in this News Release.
Hole ID Target Easting Northing Elev
(m)
Length
(m) Azimuth Dip
MM24D-12-4640-001 South Austin 435750 5646517 -125 81.0 141 10
MM24D-12-4640-002 South Austin 435750 5646517 -125 54.0 167 4
MM24D-12-4640-003 South Austin 435750 5646517 -125 71.0 187 12
MM24D-12-4640-004 South Austin 435750 5646517 -125 58.0 177 -15
MM24D-12-4640-005 South Austin 435750 5646517 -125 75.0 155 -18
MM24D-12-4640-006 South Austin 435750 5646517 -125 75.0 141 -28
MM24D-12-4640-007 South Austin 435750 5646517 -125 51.0 158 -30
MM24D-12-4640-008 South Austin 435752 5646518 -125 72.0 125 -31
MM24D-12-4640-009 South Austin 435752 5646518 -125 100.5 137 -18
MM24D-12-4640-010 South Austin 435752 5646518 -125 50.0 121 4
MM24D-12-4640-011 South Austin 435752 5646518 -125 81.0 121 25
MM24D-12-4640-012 South Austin 435752 5646518 -125 51.0 140 30
MM24D-12-4640-013 South Austin 434978 5646977 -125 57.0 161 30
MM24D-12-4640-014 South Austin 435752 5646518 -125 57.0 161 45
MM24D-12-4640-015 South Austin 435751 5646518 -125 60.0 106 -14
MM24D-12-4640-016 South Austin 435752 5646518 -125 79.0 125 -41
Page 5 of 12
Hole ID Target Easting Northing Elev
(m)
Length
(m) Azimuth Dip
MM24D-12-4640-017 South Austin 435752 5646518 -125 81.0 106 -37
MM24D-12-4640-018 South Austin 435750 5646517 -125 87.0 186 21
MM24D-12-4640-019 South Austin 435750 5646517 -125 81.0 174 18
MM24D-12-4640-020 South Austin 435750 5646517 -125 81.0 181 31
MM24D-12-4640-021 South Austin 435752 5646518 -125 66.0 125 -22
DISCUSSION
Accessed through the Madsen Mine West Portal, the South Austin Zone sits south in the hanging
wall of the main Austin Zone. Like the other mineralized domains in that comprise the Madsen
Mine, the South Austin structure is 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, and
North Austin Zones. This will continue to be the strategy moving into 2024.
High resolution versions of all the figures contained in this press release can be found at the
following web address: https://westredlakegold.com/march-news-release-maps/
Page 6 of 12
FIGURE 3. Madsen Mine long section showing location of 12-4640 Drill Bay in South Austin Zone.[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. A full
copy of the SRK report is available on the Company’s website and on SEDAR + at www.sedarplus.ca.
Page 7 of 12
FIGURE 4. South Austin plan view drill section showing assay highlights for Holes MM24D-12-4640-001 through -021.[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. A full
copy of the SRK report is available on the Company’s website and on SEDAR + at www.sedarplus.ca.
Page 8 of 12
FIGURE 5. South Austin section view showing assay highlights for Holes MM24D-12-4640-001, -006, -009 and -012. Location of visible
gold intercept highlighted in hole -008.[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. A full
copy of the SRK report is available on the Company’s website and on SEDAR + at www.sedarplus.ca.