- Gold Finder Resources (TSXV:GLD) uncovered anomalous mineralization during a summer field program at its West Madsen property in Red Lake, Ontario
- Results are highlighted by soil samples up to 438 parts per billion gold
- Gold Finder is a junior mining company developing a portfolio of discovery-stage properties
- Gold Finder stock has given back 28.57 per cent year-over-year
Gold Finder Resources (TSXV:GLD) uncovered anomalous mineralization during a summer field program at its West Madsen property in Red Lake, Ontario.
This content has been prepared as part of a partnership with Gold Finder Resources Ltd., and is intended for informational purposes only.
The 5,988-hectare property, which adjoins West Red Lake Gold Mines‘ producing Madsen mine, as well as Athena Gold‘s bonanza-grade Laird Lake property, yielded numerous targets meriting follow-up exploration. These include soil sample highlights of:
- 438 parts per billion (ppb) gold, 228 ppb gold and 109 ppb gold focused on the western boundary of Block A.
- 117 ppb gold and a pair of 76 ppb samples near Block A’s eastern boundary, the pair taken near where drillhole WM-23-04 returned 0.42 grams per ton gold and 0.94 per cent copper over 1 metre.
West Madsen, located within the Red Lake Gold Camp, hosts most of its resources in a ~7-km-long gold trend between the Balmer and Confederation assemblages. A 2020 drilling program delivered a Balmer highlight of 14.4 g/t gold over 0.5 m, while 2021 drilling intersected 0.16 g/t gold over 195 m from Confederation geology, the latter followed up during 2024 drilling approximately 100 m to the southwest, yielding 0.28 g/t gold over 15 m and 0.85 g/t gold over 9.44 m.
According to Tuesday’s news release, Gold Finder has identified geology from these assemblages in outcrop and across at least 8 kilometres of additional land yet to be fully explored.
Leadership insights
“The identification of new gold-in-soil anomalies along regional structural corridors, which host high-grade gold occurrences west of the property and major gold deposits east of the property, will aid in the systematic exploration along these structures,” Greg Lytle, president of Gold Finder Resources, said in a statement. “These corridors are already known to contain anomalous gold over significant widths locally along the 8-kilometre corridor covered by the West Madsen Block A claims.”
About Gold Finder Resources
Gold Finder is a junior mining company developing a portfolio of discovery-stage properties.
The gold stock (TSXV:GLD) last traded at C$0.05. The stock has given back 28.57 per cent year-over-year.
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