West Red Lake Gold Intersects 37.09 g/t Au over 3.12m and 18.11 g/t Au over 2.76m at South Austin – Madsen Mine
October 8, 2024
Vancouver, BC
West Red Lake Gold Intersects 37.09 g/t Au over 3.12m and
18.11 g/t Au over 2.76m at South 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 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
at South Austin.
The purpose of this drilling was definition 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 H2 2025. The Company expects to complete a
pre-feasibility study in support of that restart goal in the coming months.
SOUTH AUSTIN ZONE HIGHLIGHTS:
• Hole MM24D-08-4447-040 Intersected 3.12m @ 37.09 g/t Au, from 126.88m to 130.00m,
Including 0.62m @ 174.28 g/t Au, from 126.88m to 127.50m, Also including 0.5m @ 10.74
g/t Au, from 127.5m to 128.0m.
• Hole MM24D-08-4447-042 Intersected 2.76m @ 18.11 g/t Au, from 89.24m to 92.00m,
Including 1m @ 42.01 g/t Au, from 91m to 92m.
• Hole MM24D-08-4447-039 Intersected 13m @ 3.00 g/t Au, from 94m to 107m.
• Hole MM24D-08-4447-053 Intersected 3.8m @ 9.21 g/t Au, from 118.95m to 122.75m,
Including 0.55m @ 11.91 g/t Au, from 119.45m to 120.00m, Also including 0.75m @ 22.77
g/t Au, from 122.00m to 122.75m.
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• Hole MM24D-08-4447-038 Intersected 5m @ 6.69 g/t Au, from 112m to 117m, Including
2m @ 14.67 g/t Au, from 113m to 115m.
• Hole MM24D-08-4447-050 Intersected 3m @ 10.35 g/t Au , from 116 m to 119 m,
Including 1m @ 27.43 g/t Au, from 116m to 117m.
• A new footwall lens in South Austin was encountered in Holes MM24D-08-4447-036, -
037 and -039 through -044 (Figures 3 through 5) running sub-parallel to the South Austin
domain. A similar new footwall lens in South Austin was also previously announced on
June 11, 2024, further demonstrating the potential for encountering new minerali zed
zones adjacent to the main Madsen deposit as definition drilling continues.
Shane Williams, President & CEO, stated, “ The underground definition drilling program at
Madsen has been very successful. The value added from this high confidence, tightly spaced
drilling cannot be overstated. Having the opportunity to focus drills on defining an inventory of
high confidence ounces well ahead of mine restart provides the team with a huge advantage and
allows for incorporating the necessary optionality into t he min ing schedule ahead of restart,
focusing on higher grade and higher tonnage portions of the deposit to help facilitate a smooth,
sustainable ramp-up towards full production. It’s also particularly exciting that the team
continues to encounter new, pre viously unrecognized zones of mineralization adjacent to the
main deposit in South Austin supporting our belief that Madsen still holds plenty of upside as we
continue accessing and drilling off deeper portions of the deposit.”
Plan maps and section for the South Austin drilling outlined in this release are provided in Figures
1 through 7.
TABLE 1. Significant intercepts (>3 g/t Au) from drilling at Austin Zone.
Hole ID Target From (m) To (m) Length (m)* Au (g/t)
MM24D-08-4447-036 South Austin 99.50 108.00 8.50 3.23
AND South Austin 119.00 120.50 1.50 6.50
AND South Austin 126.00 128.00 2.00 4.88
AND South Austin 132.00 135.00 3.00 4.23
MM24D-08-4447-037 South Austin 98.00 102.00 4.00 3.50
AND South Austin 111.00 112.00 1.00 3.39
AND South Austin 124.00 126.55 2.55 9.38
Incl. 124.92 125.42 0.50 32.13
MM24D-08-4447-038 South Austin 112.00 117.00 5.00 6.69
Incl. 113.00 115.00 2.00 14.67
MM24D-08-4447-039 South Austin 94.00 107.00 13.00 3.00
AND South Austin 123.00 125.79 2.79 7.48
Incl. 124.69 125.25 0.56 32.76
MM24D-08-4447-040 South Austin 106.50 114.00 7.50 4.07
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Hole ID Target From (m) To (m) Length (m)* Au (g/t)
Incl. 106.50 107.20 0.70 20.75
AND
South Austin
126.88 130.00 3.12 37.09
Incl. 126.88 127.50 0.62 174.28
Also Incl. 127.50 128.00 0.50 10.74
MM24D-08-4447-041 South Austin 99.00 100.00 1.00 3.66
AND South Austin 104.50 106.00 1.50 3.18
AND South Austin 119.30 122.30 3.00 8.28
Incl. 120.30 122.30 2.00 11.85
MM24D-08-4447-042 South Austin 89.24 92.00 2.76 18.11
Incl. 91.00 92.00 1.00 42.01
MM24D-08-4447-043 South Austin 94.00 96.00 2.00 3.73
AND South Austin 124.00 127.00 3.00 4.75
MM24D-08-4447-044 South Austin 83.00 84.00 1.00 7.34
AND South Austin 88.50 90.00 1.50 7.93
AND South Austin 117.00 122.00 5.00 3.18
MM24D-08-4447-045 South Austin 119.50 120.40 0.90 5.98
MM24D-08-4447-046 South Austin No Assays > 3 g/t Au
MM24D-08-4447-047 South Austin No Assays > 3 g/t Au
MM24D-08-4447-048 South Austin No Assays > 3 g/t Au
MM24D-08-4447-049 South Austin 113.80 115.15 1.35 5.24
MM24D-08-4447-050 South Austin 116.00 119.00 3.00 10.35
Incl. 116.00 117.00 1.00 27.43
MM24D-08-4447-051 South Austin No Assays > 3 g/t Au
MM24D-08-4447-052 South Austin 125.00 126.40 1.40 5.78
Incl. 125.00 125.75 0.75 10.06
MM24D-08-4447-053
South Austin
118.95 122.75 3.80 9.21
Incl. 119.45 120.00 0.55 11.91
Also Incl. 122.00 122.75 0.75 22.77
*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
MM24D-08-4447-036 South Austin 435525 5646379 10 171.0 119 -25
MM24D-08-4447-037 South Austin 435525 5646379 10 162.0 120 -23
MM24D-08-4447-038 South Austin 435525 5646378 10 126.7 122 -28
MM24D-08-4447-039 South Austin 435525 5646378 10 165.0 123 -25
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Hole ID Target Easting Northing Elev
(m)
Length
(m) Azimuth Dip
MM24D-08-4447-040 South Austin 435525 5646378 10 171.0 125 28
MM24D-08-4447-041 South Austin 435525 5646378 10 165.0 125 -25
MM24D-08-4447-042 South Austin 435525 5646378 10 171.0 128 -28
MM24D-08-4447-043 South Austin 435525 5646378 10 165.0 129 -25
MM24D-08-4447-044 South Austin 435525 5646378 10 162.0 131 -24
MM24D-08-4447-045 South Austin 435525 5646378 10 170.0 132 -28
MM24D-08-4447-046 South Austin 435514 5646364 8 115.5 147 -28
MM24D-08-4447-047 South Austin 435514 5646363 8 117.0 151 -28
MM24D-08-4447-048 South Austin 435513 5646363 8 122.0 155 -30
MM24D-08-4447-049 South Austin 435513 5646363 8 118.0 160 -23
MM24D-08-4447-050 South Austin 435513 5646363 8 120.5 160 -27
MM24D-08-4447-051 South Austin 435513 5646363 8 127.5 160 -31
MM24D-08-4447-052 South Austin 435513 5646363 8 126.4 164 -29
MM24D-08-4447-053 South Austin 435513 5646363 8 150.0 167 -31
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 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
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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/october-8th-news-release-maps/
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FIGURE 1. Madsen Mine long section showing location of 08-4447 Drill Bay in the 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, 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 7 of 15
FIGURE 2. South Austin plan view drill section showing assay highlights for Holes MM24D-08-4447-036 through -053.[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, an d
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 15
FIGURE 3. South Austin section view showing assay highlights for Holes MM24D-08-4447-036 through -038.[1] Note the mineralization
encountered outside existing domain in South Austin footwall lens.
[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.