West Red Lake Gold Intersects 37.33 g/t Au over 2.79m and 5.26 g/t Au over 9.0m at North Austin Zone – Madsen Mine
May 21, 2024
Vancouver, BC
West Red Lake Gold Intersects 37.33 g/t Au over 2.79m and
5.26 g/t Au over 9.0m at North 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.
This round of drill results from the Madsen Mine were all drilled from underground on the North
Austin Zone, which represents a new area of high -grade mineralization extending the current
Madsen resource to the northeast. This program was designed to expand the North Austin zone
down-plunge to the northeast.
There are three main plunge lines (ore shoots) that the team is targeting at North Austin, and the
results in this press release have demonstrated down- plunge continuity on the order of 30
meters (“m”) within at least one of these ore shoots.
The North Austin Zone sits adjacent to existing underground dev elopment marking it as a high
caliber, near-surface target that could potentially be developed early during future mine restart
and production. The North Austin Zone remains open down- plunge and along strike to the
northeast and will continue to be a priority expansion target as underground drilling continues.
HIGHLIGHTS:
• Hole MM24X-03-5127-010 Intersected 2.79m @ 37.33 grams per tonne gold (“g/t Au”),
from 124.21m to 127m, Including 1.0m @ 88.06 g/t Au, from 125.21m to 126.21m.
• Hole MM24X-03-5127-011 Intersected 9.02m @ 5.26 g/t Au, from 53.06m to 62.08m,
Including 0.88m @ 22.34 g/t Au, from 58m to 58.88m, also Including 0.5m @ 26.18 g/t
Au, from 61.08m to 61.58m; And 2.54m @ 5.21 g/t Au, from 118.46m to 121m; Including
0.61m @ 16.60 g/t Au, from 118.96m to 119.57m.
• Hole MM24X-03-5127-007 Intersected 1.57m @ 25.12 g/t Au, from 128m to 129.57m,
Including 1.0m @ 31.47 g/t Au, from 128m to 129m.
• Hole MM24X-03-5127-001 Intersected 2m @ 9.5 g/t Au, from 72m to 74m, Including
1.0m @ 17.94 g/t Au, from 73m to 74m.
Page 2 of 11
Shane Williams, President & CEO, stated, “ It’s very encouraging to see the North Austin drilling
beginning to deliver on expectations. Defining new areas of mineralization outside of, but
adjacent to, the known deposit will continue to be a priority at Madsen and further solidifies our
strategy with continuing to de-risk the asset while also taking full advantage of high-grade, near-
mine organic growth opportunities.”
Plan maps and section for the South Austin drilling outlined in this release are provided in Figures
2 through 5.
TABLE 1. Significant intercepts (>3 g/t Au) from drilling at North Austin Zone.
Hole ID Target From (m) To (m) Thick (m)* Au (g/t)
MM24X-03-5127-001 North Austin 72.00 74.00 2.00 9.50
Incl. 73.00 74.00 1.00 17.94
MM24X-03-5127-002 North Austin 126.87 127.80 0.93 5.48
MM24X-03-5127-003 North Austin No Assays > 3 g/t Au
MM24X-03-5127-004 North Austin 66.50 67.42 0.92 5.21
MM24X-03-5127-005 North Austin No Assays > 3 g/t Au
MM24X-03-5127-006 North Austin 59.65 65.00 5.35 3.11
Incl. 61.10 62.00 0.90 8.93
MM24X-03-5127-007 North Austin 128.00 129.57 1.57 25.12
Incl. 128.00 129.00 1.00 31.47
MM24X-03-5127-008 North Austin No Assays > 3 g/t Au
MM24X-03-5127-009 North Austin 127.65 129.00 1.35 6.62
Incl. 127.65 128.50 0.85 10.08
MM24X-03-5127-010 North Austin 124.21 127.00 2.79 37.33
Incl. 125.21 126.21 1.00 88.06
MM24X-03-5127-011
North Austin
53.06 62.08 9.02 5.26
Incl. 58.00 58.88 0.88 22.34
Also Incl. 61.08 61.58 0.50 26.18
AND North Austin 118.46 121.00 2.54 5.21
Incl. 118.96 119.57 0.61 16.60
*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 3 of 11
FIGURE 1. Deposit-scale plan map of Madsen Mine highlighting North 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
MM24X-03-5127-001 North Austin 435929 5646987 266 150.0 300 -5
MM24X-03-5127-002 North Austin 435929 5646987 266 176.6 298 -9
MM24X-03-5127-003 North Austin 435929 5646987 266 150.0 301 -17
MM24X-03-5127-004 North Austin 435929 5646987 266 150.0 308 -9
MM24X-03-5127-005 North Austin 435929 5646987 266 141.0 309 -16
MM24X-03-5127-006 North Austin 435929 5646987 266 150.0 306 -26
MM24X-03-5127-007 North Austin 435930 5646988 266 147.0 312 -4
MM24X-03-5127-008 North Austin 435930 5646987 266 161.0 312 -21
MM24X-03-5127-009 North Austin 435930 5646988 266 150.0 318 -5
MM24X-03-5127-010 North Austin 435930 5646988 266 141.0 318 -9
MM24X-03-5127-011 North Austin 435930 5646988 266 140.0 317 -16
DISCUSSION
Accessed through the Madsen Mine East Portal, the North Austin Zone sits northeast in the
footwall of the main Austin Zone. Like the main Austin and South Austin Structures, the North
Austin domain 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.
Page 4 of 11
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 alte ration 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/may-news-release-maps/
Page 5 of 11
FIGURE 2. Madsen Mine long section showing location of 03-5127 Drill Bay in North 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”, 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.
Page 6 of 11
FIGURE 3. North Austin plan view drill section showing assay highlights for Holes MM24X-03-5127-001 through -011.[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.
Page 7 of 11
FIGURE 4. North Austin section view showing assay highlights for Holes MM24X-03-5127-001, -002, -003 and -006.[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.
Page 8 of 11
FIGURE 5. North Austin section view showing assay highlights for Holes MM24X-03-5127-004, -005 and -007 through -011.[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.