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Gold/Mining/Energy : Mining News of Note

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To: LoneClone who wrote (187828)5/27/2025 1:59:46 PM
From: LoneClone  Read Replies (1) of 192333
 
West Red Lake Gold Intersects 61.51 g/t Au over 12.1m, 43.54 g/t Au over 8.35m and 24.61 g/t Au over 11.2m at South Austin – Madsen Mine

finance.yahoo.com

West Red Lake Gold Mines Ltd.
Tue, May 27, 2025 at 12:20 AM PDT 19 min read

WRLGF
+3.39%


VANCOUVER, British Columbia, May 27, 2025 (GLOBE NEWSWIRE) -- 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.

Shane Williams, President & CEO, stated, “The South Austin zone has been producing very high grades and impressive widths in the definition drilling program to begin 2025 – often associated with the presence of visible gold. The team is successfully defining a panel of very high-grade mineralization in South Austin between 8L and 12L of the mine. It is becoming apparent that a lot of high-grade material was left behind in this area by historic operators and we are taking full advantage of this low hanging fruit that sits immediately adjacent to our existing underground development. These organic growth opportunities are exciting because they represent high margin ounces that can be sequenced into our mine plan very efficiently. As drilling progresses at depth we expect to uncover more areas of untapped potential and look forward to providing further updates as assay results continue to be received.”



These drill results are located approximately 50 meters (“m”) up-dip from the South Austin intercepts previously announced on February 26, 2025, where drilling returned 114.26 grams per tonne (“g/t”) gold (“Au”) over 10.6m, 77.90 g/t Au over 3m and 24.48 g/t Au over 8.5m (Figure 3). This area is also approximately 300 m up plunge from the drill results recently announced on May 13, 2025 where drilling returned 48.97 g/t Au over 18.7m, 52.86 g/t Au over 4.5m and 25.49 g/t Au over 7.5m (Figure 3). The South Austin zone continues to demonstrate significant grade and thickness potential at depth and along strike, which is being fully realized and accurately defined through definition drilling.

The purpose of this drilling was definition and expansion within priority areas of South Austin to continue adding to an already substantial inventory of high-confidence ounces to support the restart of production at the Madsen mine, which was announced on May 22, 2025. The Company reported positive results from its recently completed bulk sampling campaign on May 7, 2025, and also filed a Technical Report for its Pre-Feasibility Study for Madsen on February 18, 2025.

The South Austin Zone currently contains an Indicated mineral resource of 474,600 ounces (“oz”) grading 8.7 g/t Au within 1.7 million tonnes (“Mt”), with an additional Inferred resource of 31,800 oz grading 8.7 g/t Au within 0.1 Mt.


SOUTH AUSTIN ZONE HIGHLIGHTS:

  • Hole MM25D-08-4380-011 Intersected 12.1m @ 61.51 g/t Au, from 11.0m to 23.1m, Including 1m @ 725.00 g/t Au, from 12m to 13m, Also including 0.5m @ 16.06 g/t Au, from 23.5m to 24.0m. This high-grade intercept was complimented by a band of visible gold hosted within foliation adjacent to deformed blue-grey-quartz and diopside veinlets (Figure 1).





figure 1

Figure 1. Visible gold showings in hole MM25D-08-4380-011.
A photo accompanying this announcement is available at globenewswire.com

  • Hole MM25D-08-4380-003 Intersected 8.35m @ 43.54 g/t Au, from 8.50m to 16.85m, Including 1m @ 347.81 g/t Au, from 8.5m to 9.5m. This high-grade intercept was complimented by a large bleb of visible gold associated with quartz-tourmaline and quartz-diopside veinlets (Figure 2).





figure 2

Figure 2. Visible gold showings in hole MM25D-08-4380-003.
A photo accompanying this announcement is available at globenewswire.com

  • Hole MM25D-08-4380-026 Intersected 11.2m @ 24.61 g/t Au, from 7.8m to 19.0m, Including 1.5m @ 166.36 g/t Au, from 15.5m to 17.0m.

  • Hole MM25D-08-4380-024 Intersected 3.2m @ 16.46 g/t Au, from 9.3m to 12.5m, Including 0.6m @ 75.44 g/t Au, from 9.9m to 10.5m.

  • Hole MM25D-08-4380-006 Intersected 3m @ 16.96 g/t Au, from 6m to 9m, Including 1m @ 48.47 g/t Au, from 7m to 8m.

  • Hole MM25D-08-4380-022 Intersected 3.3m @ 15.16 g/t Au, from 33.0m to 36.3m, Including 0.9m @ 46.01 g/t Au, from 33.6m to 34.5m.

  • Visible gold was also observed in hole MM25D-08-4380-010 within a significant intercept as outlined below in Table 1.

TABLE 1. Significant intercepts (>3 g/t Au) from drilling at South Austin Zone.

Hole ID

Target

From (m)

To (m)

Length (m)*

Au (g/t)

MM25D-08-4380-001

South Austin

22.00

25.50

3.50

12.21

Incl.

24.50

25.50

1.00

39.58

MM25D-08-4380-002

South Austin

3.45

4.00

0.55

10.46

MM25D-08-4380-003

South Austin

8.50

16.85

8.35

43.54

Incl.

8.50

9.50

1.00

347.81

MM25D-08-4380-004

South Austin

17.50

19.00

1.50

3.43

MM25D-08-4380-005

South Austin

22.60

23.60

1.00

3.26

MM25D-08-4380-006

South Austin

1.00

3.00

2.00

3.82

AND

South Austin

6.00

9.00

3.00

16.96

Incl.

7.00

8.00

1.00

48.47

MM25D-08-4380-007

South Austin

13.00

18.60

5.60

7.23

Incl.

14.50

15.50

1.00

19.96

Also Incl.

16.70

17.20

0.50

15.63

AND

South Austin

20.10

22.60

2.50

3.00

MM25D-08-4380-008

South Austin

24.80

25.80

1.00

3.74

MM25D-08-4380-009

South Austin

13.50

16.50

3.00

12.99

Incl.

15.50

16.50

1.00

34.20

MM25D-08-4380-010

South Austin

13.30

16.00

2.70

3.57

AND

South Austin

17.00

19.00

2.00

3.51

MM25D-08-4380-011

South Austin

11.00

23.10

12.10

61.51

Incl.

12.00

13.00

1.00

725.00

MM25D-08-4380-012

South Austin

24.50

29.20

4.70

6.98

Incl.

26.25

26.75

0.50

15.78

Also Incl.

28.45

29.20

0.75

25.91

MM25D-08-4380-013

South Austin

12.35

20.60

8.25

3.93

Incl.

14.35

15.35

1.00

10.98

MM25D-08-4380-014

South Austin

4.00

5.00

1.00

4.88

AND

South Austin

25.50

26.40

0.90

4.83

MM25D-08-4380-015

South Austin

No Assays > 3 g/t Au

MM25D-08-4380-016

South Austin

22.00

25.00

3.00

4.32

AND

South Austin

27.50

28.10

0.60

3.77

MM25D-08-4380-017

South Austin

14.50

16.50

2.00

3.49

AND

South Austin

20.70

22.00

1.30

3.57

MM25D-08-4380-018

South Austin

No Assays > 3 g/t Au

MM25D-08-4380-019

South Austin

8.00

12.00

4.00

11.34

Incl.

10.00

11.00

1.00

30.25

MM25D-08-4380-020

South Austin

18.40

20.15

1.75

8.52

Incl.

19.50

20.15

0.65

15.52

MM25D-08-4380-021

South Austin

7.40

9.00

1.60

3.85

AND

South Austin

12.00

20.25

8.25

5.18

Incl.

14.20

15.00

0.80

23.76

MM25D-08-4380-022

South Austin

17.50

21.00

3.50

5.28

Incl.

18.40

19.25

0.85

14.36

AND

South Austin

33.00

36.30

3.30

15.16

Incl.

33.60

34.50

0.90

46.01

MM25D-08-4380-023

South Austin

2.75

6.40

3.65

4.25

Incl.

5.00

5.50

0.50

13.57

MM25D-08-4380-024

South Austin

6.00

8.00

2.00

6.52

AND

South Austin

9.30

12.50

3.20

16.46

Incl.

9.90

10.50

0.60

75.44

MM25D-08-4380-025

South Austin

10.00

14.00

4.00

3.28

MM25D-08-4380-026

South Austin

7.80

19.00

11.20

24.61

Incl.

15.50

17.00

1.50

166.36

MM25D-08-4380-027

South Austin

9.00

11.00

2.00

4.21

AND

South Austin

17.00

18.90

1.90

3.19

MM25D-08-4380-028

South Austin

17.80

18.50

0.70

9.51

AND

South Austin

22.00

23.50

1.50

21.56

Incl.

22.00

22.95

0.95

33.01


*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. Composite grades reported are uncapped. 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

MM25D-08-4380-001

South Austin

435579

5646330

31

26.0

93

-14

MM25D-08-4380-002

South Austin

435579

5646329

31

17.8

99

0

MM25D-08-4380-003

South Austin

435579

5646329

32

18.6

105

14

MM25D-08-4380-004

South Austin

435579

5646329

31

22.0

110

-19

MM25D-08-4380-005

South Austin

435579

5646329

30

27.7

111

-32

MM25D-08-4380-006

South Austin

435579

5646328

33

12.0

121

27

MM25D-08-4380-007

South Austin

435579

5646328

32

102.0

123

2

MM25D-08-4380-008

South Austin

435579

5646328

30

25.8

124

-31

MM25D-08-4380-009

South Austin

435576

5646327

30

22.2

127

-19

MM25D-08-4380-010

South Austin

435576

5646327

31

36.0

129

3

MM25D-08-4380-011

South Austin

435577

5646327

33

33.5

130

32

MM25D-08-4380-012

South Austin

435576

5646327

30

29.2

138

-32

MM25D-08-4380-013

South Austin

435576

5646327

31

20.6

141

-8

MM25D-08-4380-014

South Austin

435576

5646327

32

36.0

146

15

MM25D-08-4380-015

South Austin

435576

5646327

33

14.1

153

45

MM25D-08-4380-016

South Austin

435575

5646327

31

39.0

156

3

MM25D-08-4380-017

South Austin

435575

5646327

32

36.0

163

28

MM25D-08-4380-018

South Austin

435570

5646311

30

19.0

107

-20

MM25D-08-4380-019

South Austin

435569

5646311

31

15.0

117

-11

MM25D-08-4380-020

South Austin

435569

5646311

32

26.5

118

23

MM25D-08-4380-021

South Austin

435567

5646311

33

36.5

145

60

MM25D-08-4380-022

South Austin

435568

5646310

30

45.0

146

-24

MM25D-08-4380-023

South Austin

435568

5646311

33

33.0

139

30

MM25D-08-4380-024

South Austin

435568

5646310

32

33.0

157

30

MM25D-08-4380-025

South Austin

435567

5646310

32

33.0

175

29

MM25D-08-4380-026

South Austin

435567

5646311

33

33.0

166

48

MM25D-08-4380-027

South Austin

435569

5646312

33

36.0

101

27

MM25D-08-4380-028

South Austin

435569

5646312

32

35.3

95

10



DISCUSSION


Accessed through the Madsen Mine East 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 reactivated 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, North Austin and McVeigh Zones. This will continue to be the strategy through 2025.

High resolution versions of all the figures contained in this press release can be found at the following web link: globenewswire.com.




WRLG_MRE_Highlight_LongSection

FIGURE 3. Long section highlighting Top Three (3) intercepts announced in 2025 from infill drilling stations in the South Austin, Austin and McVeigh Zones[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 “NI 43-101 Technical Report and Prefeasibility Study for the Madsen Mine, Ontario, Canada”, prepared by SRK Consulting (Canada) Inc. and dated January 7, 2025. A full copy of the SRK report is available on the Company’s website and on SEDAR+ at www.sedarplus.ca.

A photo accompanying this announcement is available at globenewswire.com




WRLG_MRE_Long_Section_2025_05_15

FIGURE 4. Madsen Mine long section showing location of 08-4380 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 “NI 43-101 Technical Report and Prefeasibility Study for the Madsen Mine, Ontario, Canada”, prepared by SRK Consulting (Canada) Inc. and dated January 7, 2025. A full copy of the SRK report is available on the Company’s website and on SEDAR+ at www.sedarplus.ca.

A photo accompanying this announcement is available at globenewswire.com




WRLG_Madsen_South_Austin_Plan_Map_2025_05_15

FIGURE 5. South Austin plan view drill section showing assay highlights for Holes MM25D-08-4380-001 through -028.
A photo accompanying this announcement is available at globenewswire.com




WRLG_Madsen_South_Austin_Section1

FIGURE 6. South Austin section view showing assay highlights for Holes MM25D-08-4380-024 through -026.
A photo accompanying this announcement is available at globenewswire.com




WRLG_Madsen_South_Austin_Section2

FIGURE 7. South Austin section view showing assay highlights for Holes MM25D-08-4380-021 through -023.
A photo accompanying this announcement is available at globenewswire.com




WRLG_Madsen_South_Austin_Section3

FIGURE 8. South Austin section view showing assay highlights for Holes MM25D-08-4380-018 through -020, -027 and -028.
A photo accompanying this announcement is available at globenewswire.com




WRLG_Madsen_South_Austin_Section4

FIGURE 9. South Austin section view showing assay highlights for Holes MM25D-08-4380-013 through -017.
A photo accompanying this announcement is available at globenewswire.com




WRLG_Madsen_South_Austin_Section5

FIGURE 10. South Austin section view showing assay highlights for Holes MM25D-08-4380-009 through -012.
A photo accompanying this announcement is available at globenewswire.com

FIGURE 11. South Austin section view showing assay highlights for Holes MM25D-08-4380-006 through -008. Hole -007 was an exploratory hole extended to confirm the contact with Confederation rocks to the southeast.
A photo accompanying this announcement is available at globenewswire.com

FIGURE 12. South Austin section view showing assay highlights for Holes MM25D-08-4380-001 through -005.
A photo accompanying this announcement is available at globenewswire.com

QUALITY ASSURANCE/QUALITY CONTROL

Drilling completed underground at the Madsen Mine consists of BQ-sized diamond drill core for definition drill programs and oriented NQ-sized diamond drill core for exploration focused drilling. All drill holes are systematically logged, photographed, and sampled by a trained geologist at the Madsen Mine core processing facility. Minimum allowable sample length is 0.5m. Maximum allowable sample length is 1.5m. Control samples (certified standards and uncertified blanks), along duplicates, are inserted at a target 5% insertion rate. Results are assessed for accuracy, precision, and contamination on an ongoing basis. The BQ-sized drill core is whole core sampled. The NQ-sized drill core is then cut lengthwise utilizing a diamond blade core saw along a line pre-selected by the geologist. To reduce sampling bias, the same side of drill core is sampled consistently utilizing the orientation line as reference. For those samples containing visible gold (“VG”), a trained geologist supervises the cutting/bagging of those samples, and ensures the core saw blade is ‘cleaned’ with a dressing stone following the VG sample interval. Bagged samples are then sealed with zip ties and transported by Madsen Mine personnel directly to SGS Natural Resource’s Facility in Red Lake, Ontario for assay.

Samples are then prepped by SGS, which consists of drying at 105°C and crushing to 75% passing 2mm. A riffle splitter is then utilized to produce a 500g course reject for archive. The remainder of the sample is then pulverized to 85% passing 75 microns from which 50g is analyzed by fire assay and an atomic absorption spectroscopy (AAS) finish (SGS Code GO-FAA50V10). Samples returning gold values > 100 g/t Au are reanalyzed by fire assay with a gravimetric finish on a 50g sample (SGS Code GO_FAG50V). Samples with visible gold are also analyzed via metallic screen analysis (SGS code: GO_FAS50M). For multi-element analysis, samples are sent to SGS’s facility in Burnaby, British Columbia and analyzed via four-acid digest with an atomic emission spectroscopy (ICP-AES) finish for 33-element analysis on 0.25g sample pulps (SGS code: GE_ICP40Q12). SGS Natural Resources analytical laboratories operates under a Quality Management System that complies with ISO/IEC 17025.

The Madsen Mine deposit presently hosts a National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) Indicated resource of 1.65 million ounces (“Moz”) of gold grading 7.4 g/t Au within 6.9 Mt, and an Inferred resource of 0.37 Moz of gold grading 6.3 g/t Au within 1.8 Mt. Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US$1,800/oz. Mineral resources as stated are inclusive of mineral reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The Madsen Mine also contains Probable reserves of 478 thousand ounces (“koz”) of gold grading 8.16 g/t Au within 1.87 Mt. Mineral reserve estimates are based on a gold price of US$1,680/oz. Please refer to the technical report entitled “NI 43-101 Technical Report and Prefeasibility Study for the Madsen Mine, Ontario, Canada”, prepared by SRK Consulting (Canada) Inc. and dated January 7, 2025 (the “Madsen Report”). The Madsen Resource Estimate has an effective date of December 31, 2021, and excludes depletion of mining activity during the period from January 1, 2022, to the mine closure on October 24, 2022, as it has been deemed immaterial and not relevant for the purpose of the Madsen Report. A full copy of the Madsen Report is available on the Company’s website and on SEDAR+ at www.sedarplus.ca.

The technical information presented in this news release has been reviewed and approved by Will Robinson, P.Geo., Vice President of Exploration for West Red Lake Gold and the Qualified Person for exploration at the West Red Lake Project, as defined by NI 43-101 “Standards of Disclosure for Mineral Projects”.

ABOUT WEST RED LAKE GOLD MINES

West Red Lake Gold Mines Ltd. is a mineral development company that is publicly traded and focused on advancing and developing its flagship Madsen Gold Mine and the associated 47 km2 highly prospective land package in the Red Lake district of Ontario. The highly productive Red Lake Gold District of Northwest Ontario, Canada has yielded over 30 million ounces of gold from high-grade zones and hosts some of the world's richest gold deposits. WRLG also holds the wholly owned Rowan Property in Red Lake, with an expansive property position covering 31 km2 including three past producing gold mines - Rowan, Mount Jamie, and Red Summit.

A map accompanying this announcement is available at globenewswire.com

ON BEHALF OF WEST RED LAKE GOLD MINES LTD.

“Shane Williams”

Shane Williams
President & Chief Executive Officer

FOR FURTHER INFORMATION, PLEASE CONTACT:

Gwen Preston

Vice President Communications

Tel: (604) 609-6132

Email: investors@wrlgold.com or visit the Company’s website at globenewswire.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY STATEMENT AND FORWARD-LOOKING INFORMATION

Certain statements contained in this news release may constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information generally can be identified by words such as “anticipate”, “expect”, “estimate”, “forecast”, “planned”, and similar expressions suggesting future outcomes or events. Forward-looking information is based on current expectations of management; however, it is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the forward-looking information in this news release and include without limitation, statements relating to the potential production of mining operations at the Madsen Mine; any untapped growth potential in the Madsen deposit or Rowan deposit; and the Company’s future objectives and plans. Readers are cautioned not to place undue reliance on forward-looking information.

Forward-looking information involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking information. These risks and uncertainties include, among other things, market volatility; the state of the financial markets for the Company’s securities; fluctuations in commodity prices; and changes in the Company’s business plans. Forward-looking information is based on a number of key expectations and assumptions, including without limitation, that the Company will continue with its stated business objectives and its ability to raise additional capital to proceed. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Additional information about risks and uncertainties is contained in the Company’s management’s discussion and analysis for the year ended December 31, 2024, and the Company’s annual information form for the year ended December 31, 2024, copies of which are available on SEDAR+ at www.sedarplus.ca.

The forward-looking information contained herein is expressly qualified in its entirety by this cautionary statement. Forward-looking information reflects management’s current beliefs and is based on information currently available to the Company. The forward-looking information is made as of the date of this news release and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law.

For more information on the Company, investors should review the Company’s continuous disclosure filings that are available on SEDAR+ at www.sedarplus.ca.

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