- West Red Lake Gold (TSXV:WRLG) reports high-grade results from its Uper 8 Target at the Madsen Property in Ontario
- Results include high grade intercepts, including hole WRL24-017 returning 1.5 metres (m) at 21.44 grams per tom (g/t) gold, including 0.5m at 52.17 g/t gold
- The Upper 8 target is 30m wide and 130m along plunge, remaining open at depth
- Shares of West Red Lake Gold are unchanged at C$0.55
West Red Lake Gold Mines Ltd. (TSXV: WRLG) reveals high-grade results from its Upper 8 Target at the Madsen Property in the Red Lake Gold District of Northwestern Ontario.
In a news release, the company stated that these results follow up on significant intersections from earlier drilling, including 44.17 grams per ton (g/t) gold over 1.3 metres (m) and 20.63 g/t gold over 0.5 meters, which were previously announced on Oct. 2, 2024.
Notably, recent drilling in the Upper 8 Target included results from hole WRL24-017, which intersected 1.5m at 21.44 g/t gold, including a high-grade 0.5-m section at 52.17 g/t gold.
Visible gold was also observed in this section, while hole WRL24-021 returned 2 meters at 7.41 g/t gold, with 0.5 meters grading 23.74 g/t gold.
These results confirm the presence of a new high-grade ore shoot in the Upper 8, which is approximately 30 meters wide and 130 meters along plunge. The mineralization remains open at depth, and the structural orientation of the Upper 8 is consistent with the deeper 8 Zone, suggesting significant growth potential for the zone with continued drilling.
“ It’s still early days, but we believe the Upper 8 target has the potential to become the next new significant discovery in the Red Lake gold camp and supports the likelihood for the presence of more high-grade deposits like 8-Zone yet to be discovered across the Madsen property,” Shane Williams, CEO of West Red Lake Gold Mines, said in a release.
Drilling at the Upper 8 Target is testing a shallow extension of the 8 Zone, a well-known high-grade deposit in the region. The mineralization in Upper 8 mirrors that of the 8 Zone, offering promising prospects for additional high-grade gold discoveries in the area.
West Red Lake Gold’s Madsen Project continues to show significant promise. Exploration is ongoing, and a pre-feasibility study is expected to be completed in early 2025.
With its headquarters out of Vancouver, B.C., West Red Lake Gold Mines is focused on advancing its flagship Madsen Gold Mine and its 47 square kilometre land package in the Red Lake district of Ontario. The Madsen Property consists of approximately 251 mining leases, mining patents, and unpatented mining claims, covering a total area of 4,648 hectares
Shares of West Red Lake Gold are unchanged at C$0.55.
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(Top image: West Red Lake Gold Mines)