TSX-V-listed West Red Lake Gold Mines has reported “meaningful” results from its latest round of drilling at the Madsen mine, in Ontario.
The latest round focused on underground drilling on the North Austin zone, which represents a new area of high-grade mineralisation extending the current Madsen resource to the north-east.
The North Austin zone sits adjacent to existing underground development, marking it as a high caliber, near-surface target that could potentially be developed early during future mine restart and production.
The zone remains open down-plunge and along strike to the north-east and will continue to be a priority expansion target as underground drilling continues.
Hole MM24X-03-5195-018 intersected 10 m at 13.40 g/t gold from 82 m to 92 m, including 1.0 m at 17.75 g/t, from 82 m to 83 m.
Hole MM24X-03-5127-012 intersected 3 m at 12.21 g/t, from 58 m to 61 m, including 1 m at 32.84 g/t.
“The North Austin drilling continues to deliver meaningful results which is a testament not only to the quality of this resource area, but also to our technical team’s understanding of the structural controls and ore shoot geometries in this emerging part of the Madsen deposit,” said president and CEO Shane Williams.
“With the team now working towards a planned mine restart in the second half of 2025, the drills at Madsen will continue to delineate and define the high-value mineral inventory needed to support that objective.”