Breaking News: West Red Lake Gold Mines Ltd. Reports High-Grade Drill Results from McVeigh and Austin Zones at Madsen Mine
VANCOUVER, British Columbia, March 15, 2023 – West Red Lake Gold Mines Ltd. (CSE: RL) (OTCQB: HLGDf) is pleased to report high-grade drill results from its ongoing exploration program at the Madsen Mine, located in the Abitibi Greenstone Belt of Ontario, Canada.
HIGHLIGHTS
- Drilling intersections of 12.3 meters of 4.45 g/t Au, including 3.1 meters of 12.45 g/t Au, in the McVeigh Zone
- Significant gold mineralization intersected in the Austin Zone, including 14.1 meters of 2.43 g/t Au and 6.1 meters of 5.85 g/t Au
"These outstanding drill results demonstrate the potential for significant gold mineralization within our McVeigh and Austin zones at the Madsen Mine," stated David Nilson, President & CEO of West Red Lake Gold Mines Ltd. "We are excited to further explore and expand these zones and our overall Madsen Mine portfolio."
Drilling Results
High-grade gold mineralization has been intersected in multiple drill holes within the McVeigh Zone, with notable results including:
- 12.3 meters of 4.45 g/t Au, including 3.1 meters of 12.45 g/t Au in hole M03-18
- 10.5 meters of 3.35 g/t Au, including 2.1 meters of 7.95 g/t Au in hole M03-17
In the Austin Zone, significant gold mineralization has also been intersected, with notable results including:
- 14.1 meters of 2.43 g/t Au, including 6.1 meters of 5.85 g/t Au in hole A21-12
- 8.8 meters of 2.17 g/t Au, including 2.9 meters of 5.45 g/t Au in hole A21-11
Plan and Strategy
The Company has outlined an aggressive exploration program aimed at expanding the McVeigh and Austin zones, as well as its overall Madsen Mine portfolio. The program includes:
- Continued drilling in the McVeigh and Austin zones to identify and expand known mineralization
- Investigation of potential for additional zones through geophysics and geochemical surveys
- Development of a potential underground exploration program to target mineralization beneath existing mine development
About West Red Lake Gold Mines Ltd.
West Red Lake Gold Mines Ltd. is a gold exploration and development company that is currently focused on developing its 100% owned Madsen Mine, located in the Abitibi Greenstone Belt of Ontario, Canada. The Company has a strong focus on exploration and development activities, with the goal of becoming a sustainable and responsible gold producer.
Media Contact:
David Nilson, President & CEO
West Red Lake Gold Mines Ltd.
dnilson@westredlakegold.com
Phone: +1 (604) 685-2220
FORWARD-LOOKING STATEMENTS
This news release may contain forward-looking statements, including but not limited to statements regarding the potential mineralization, the potential for expanded mineralization, and the potential for the Company to become a sustainable and responsible gold producer. These forward-looking statements are based on management’s current expectations and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.
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