(via TheNewswire)
The drill results featured in the
The purpose of this drilling was definition within
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Hole MM24D-07-4198-001Intersected 1.1m @ 68.36 g/t Au, from 74.25m to 75.35m, Including 0.5m @ 145.44 g/t Au, from 74.85m to 75.35m
Hole MM24D-07-4198-002Intersected 3.95m @ 13.83 g/t Au, from 7.55m to 11.5m, Including 0.5m @ 105.72 g/t Au, from 7.55m to 8.05m.
The high-grade mineralization encountered near the collar (top of hole) in Holes MM24D-07-4198-002andMM24D-07-4198-006is believed to be the down-dip continuation of a mineralized zone defined further up in the system. These intercepts are expected to extend this zone in future model updates.
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FIGURE 3.
Previously announced highlights on the North and
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 )West Red Lake Gold Intersects 9.15 g/t Au over 3.3m and 10.66 g/t Au over 2.6m at
North Austin Zone –Madsen Mine (February 7, 2024 )West Red Lake Gold Intersects 47.44 g/t Au over 3.2m, 21.64 g/t Au over 7m and 296.83 g/t Au over 1m at
South Austin Zone –Madsen Mine (December 5, 2023 )West Red Lake Gold Intersects 27.15 g/t Au over 10.28m and 22.31g/t Au over 8.5m at
North Austin Zone –Madsen Mine (November 21, 2023 )
WRLG’s flagship asset -
WRLG’s previous operator was under-capitalised. Debt repayment obligations forced the company into a quick-to-cash-flow mine model that was expensive and inefficient and lead to sub-economic production.
The strategy for the Madsen Mine Restart is: 1.De-risk Resources(in-fill and expansion drilling, UG development 2.Restart Planning(engineering, mill expansion assessment, optimisation 3.Restart Execution(assembling team, community relations, focus on operability and profitability).
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WRLG President & CEO
George was formerly Director of Global Resources at TD Management and lead Portfolio Manager for over
“Mining is the lifeblood of wealth that can transform an entire community,” Williams told George in a wide-ranging conversation. “Young people today aresocially conscious. They are concerned about the environment. In
Williams has designed, built and operated mines (open pit and underground) in
“I'm not an exploration guy,” explained Williams. “I need to be involved in something that's growing and building. That's why I got involved in West Red Lake Gold. It's near-term production. Putting an asset into production is something I’ve done before. Some of the mines are still in operation today. That gives me great satisfaction.”
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“We are very pleased with the results that have been coming out from the
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Between
“So far, these are just routine downside price corrections in major bull-market runs,”stated Kitco Gold. “There has also been a perceived easing of tensions in the
“Now that we have added a second underground drill at
Disclaimer: West Red Lake Gold paid GSN
Contact:guy.bennett@globalstocksnews.com
Full Disclaimer
References:
SRK Consulting . (2021). Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for thePureGold Mine ,Canada (West Red Lake Gold Mines , Ed.) [Review of Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for thePureGold Mine ,Canada .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 bySRK Consulting (Canada) Inc. and datedJune 16, 2023 . A full copy of the SRK report is available on the Company’s website and on SEDAR+ atwww.sedarplus.caMineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to the technical report entitled “Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the
PureGold Mine , Canada”, prepared bySRK Consulting (Canada) Inc. and datedJune 16, 2023 . The Madsen Resource Estimate has an effective date ofDecember 31, 2021 and excludes depletion of mining activity during the period fromJanuary 1, 2022 to the mine closure onOctober 24, 2022 as it has been deemed immaterial and not relevant for the purpose of the updated report. A full copy of the SRK report is available on the Company’s website and on SEDAR+ atwww.sedarplus.ca
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