{"id":29218,"date":"2024-05-07T11:10:37","date_gmt":"2024-05-07T15:10:37","guid":{"rendered":"https:\/\/capital10x.com\/old\/?p=29218"},"modified":"2024-05-07T11:10:37","modified_gmt":"2024-05-07T15:10:37","slug":"west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine","status":"publish","type":"post","link":"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/","title":{"rendered":"West Red Lake Gold Announces Another High Grade Intercept at Madsen Mine"},"content":{"rendered":"<p><strong>West Red Lake Gold Mines Ltd.<\/strong> <strong>(TSXV: WRLG)<\/strong>\u00a0<strong>(OTCQB: WRLGF)<\/strong>\u00a0is pleased to report drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.<\/p>\n<p>The drill results featured in this news release are focused on the high-grade\u00a0<strong>South Austin Zone<\/strong>. The South Austin zone currently contains an\u00a0<strong>Indicated mineral resource of 474,600 ounces (\u201coz\u201d) grading 8.7 grams per tonne (\u201cg\/t\u201d) gold (\u201cAu\u201d)<\/strong>, with an additional\u00a0<strong>Inferred resource of 31,800 oz grading 8.7 g\/t Au<\/strong>.<\/p>\n<p>The purpose of the drilling reported in this news release is definition within South Austin to continue building an inventory of high-confidence ounces for eventual restart of the Madsen mill.<\/p>\n<h3><strong>HIGHLIGHTS:<\/strong><\/h3>\n<ul class=\"caas-list caas-list-bullet\">\n<li><strong>Hole\u00a0<\/strong><strong>MM24D-07-4198-012\u00a0<\/strong>Intersected\u00a0<strong>3.1m @ 21.33 g\/t Au<\/strong>, from 83.9m to 87.0m, Including\u00a0<strong>0.5m @ 32.74 g\/t Au<\/strong>, from 85.50m to 86.00m; also Including\u00a0<strong>1.0m @ 28.78 g\/t Au<\/strong>, from 86.00 to 87.00m; And\u00a0<strong>1.0m @ 16.97 g\/t Au<\/strong>, from 9.00m to 10.00m.<\/li>\n<li><strong>Hole\u00a0<\/strong><strong>MM24D-07-4198-009\u00a0<\/strong>Intersected\u00a0<strong>9.0m @ 6.75 g\/t Au<\/strong>, from 103.0m to 112.0m, Including\u00a0<strong>0.9m @ 27.91 g\/t Au<\/strong>, from 104.0m to 104.9m; also Including\u00a0<strong>1.0m @ 23.47 g\/t Au<\/strong>, from 111.00m t0 112.00m.<\/li>\n<li><strong>Hole\u00a0<\/strong><strong>MM24D-07-4198-010\u00a0<\/strong>Intersected\u00a0<strong>2.55m @ 6.08 g\/t Au<\/strong>, from 75.45m to 78.00m, Including\u00a0<strong>1.0m @ 11.08 g\/t Au<\/strong>, from 76.0m to 77.0m.<\/li>\n<li>The high-grade mineralization encountered near the collar (top of hole) in Hole\u00a0<strong>MM24D-07-4198-012\u00a0<\/strong>is believed to be the down-dip continuation of a mineralized domain defined further up in the system.<\/li>\n<\/ul>\n<div class=\"su-quote su-quote-style-default su-quote-has-cite\"><div class=\"su-quote-inner su-u-clearfix su-u-trim\">We are happy to report more encouraging results out from the South Austin definition program. De-risking this high-priority area of the Madsen deposit will be a key component for the mine restart plan, and the team continues to execute the drill program safely and efficiently.<span class=\"su-quote-cite\">Shane Williams, CEO, West Red Lake Gold Mines Ltd. <\/span><\/div><\/div>\n<p>Plan maps and section for the South Austin drilling outlined in this release are provided in Figures 2 through 5.<\/p>\n<h4><strong>TABLE 1. Significant intercepts (&gt;3 g\/t Au) from drilling at South Austin Zone.<\/strong><\/h4>\n<figure id=\"attachment_29219\" aria-describedby=\"caption-attachment-29219\" style=\"width: 982px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-29219\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Table-1-May-7-2024.png\" alt=\"\" width=\"982\" height=\"514\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Table-1-May-7-2024.png 982w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Table-1-May-7-2024-300x157.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Table-1-May-7-2024-768x402.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Table-1-May-7-2024-696x364.png 696w\" sizes=\"auto, (max-width: 982px) 100vw, 982px\" \/><figcaption id=\"caption-attachment-29219\" class=\"wp-caption-text\">*The \u201cFrom-To\u201d 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 \u2265 70% of downhole thickness based on intercept angles observed in the drill core.<\/figcaption><\/figure>\n<h4><strong>FIGURE 1. Deposit-scale plan map of Madsen Mine highlight<\/strong><strong>ing South Austin Zone.<\/strong><\/h4>\n<figure id=\"attachment_29220\" aria-describedby=\"caption-attachment-29220\" style=\"width: 988px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-29220\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Figure-1-May-7-2024.png\" alt=\"\" width=\"988\" height=\"550\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Figure-1-May-7-2024.png 988w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Figure-1-May-7-2024-300x167.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Figure-1-May-7-2024-768x428.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Figure-1-May-7-2024-696x387.png 696w\" sizes=\"auto, (max-width: 988px) 100vw, 988px\" \/><figcaption id=\"caption-attachment-29220\" class=\"wp-caption-text\">WRLG_Madsen_SouthAustin_Plan<\/figcaption><\/figure>\n<h4><strong>TABLE 2: Drill collar summary for holes reported in this News Release.<\/strong><\/h4>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-29221\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Table-2-May-7-2024.png\" alt=\"\" width=\"981\" height=\"295\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Table-2-May-7-2024.png 981w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Table-2-May-7-2024-300x90.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Table-2-May-7-2024-768x231.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Table-2-May-7-2024-696x209.png 696w\" sizes=\"auto, (max-width: 981px) 100vw, 981px\" \/><\/p>\n<h3><strong>DISCUSSION<\/strong><\/h3>\n<p>Accessed through the Madsen Mine West 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.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>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 \u2018mine-style\u2019 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.<\/p>\n<p>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.<\/p>\n<p>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, and North Austin Zones. This will continue to be the strategy through 2024.<\/p>\n<p>High resolution versions of all the figures contained in this press release can be found at the following web address:\u00a0<a class=\"link rapid-noclick-resp\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=LDduY1gXKtVOhoyYQ1TYU4e3zntVqjXg5i-4nVFDEzvansl8OLiLY3Jyq359ijKnuTGXLGLwvRS7I1xHvQWabe91Vz8cAMm4o_Zyc1CoqYVgWUSGpeMWzPmAnYFlRDVA74_zPCgA5mXQ8L8KLbc03rfOifo04-vIr14k7AxgUoFGZryDNuJYGyWVU-mjqjdL\" target=\"_blank\" rel=\"nofollow noopener\" data-ylk=\"slk:https:\/\/westredlakegold.com\/may-7th-news-release-maps\/;elm:context_link;itc:0;sec:content-canvas\" data-rapid_p=\"50\">https:\/\/westredlakegold.com\/may-7th-news-release-maps\/<\/a><\/p>\n<h4><strong>FIGURE 2. Madsen Mine long section showing location of 07-4198 Drill Bay in South Austin Zone.<\/strong><sup><strong>[1<\/strong><\/sup><sup><strong>]<\/strong><\/sup><\/h4>\n<figure id=\"attachment_29222\" aria-describedby=\"caption-attachment-29222\" style=\"width: 1008px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-29222\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Figure-2-May-7-2024.png\" alt=\"\" width=\"1008\" height=\"484\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Figure-2-May-7-2024.png 1008w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Figure-2-May-7-2024-300x144.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Figure-2-May-7-2024-768x369.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Figure-2-May-7-2024-696x334.png 696w\" sizes=\"auto, (max-width: 1008px) 100vw, 1008px\" \/><figcaption id=\"caption-attachment-29222\" class=\"wp-caption-text\">WRLG_Madsen_SouthAustin_LongSection<\/figcaption><\/figure>\n<p><sup>[1]\u00a0<\/sup>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 \u201cIndependent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada\u201d, prepared by SRK Consulting (Canada) Inc. and dated June 16, 2023, and amended April 24, 2024. A full copy of the SRK report is available on the Company\u2019s website and on SEDAR+ at\u00a0<a class=\"link rapid-noclick-resp\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=T994H0kqhMJShw9J2MqrXVY3A0EocM-jsknEYJdscYC8cYZ5RsHLi-4IbCuQpL9JUb2GUbBSOCyLt-TND97zkA==\" target=\"_blank\" rel=\"nofollow noopener\" data-ylk=\"slk:www.sedarplus.ca;elm:context_link;itc:0;sec:content-canvas\" data-rapid_p=\"51\">www.sedarplus.ca<\/a>.<\/p>\n<h4><strong>FIGURE 3. South Austin plan view drill section showing assay highlights for Holes MM24D-07-4198-007 through -012.<\/strong><sup><strong>[1]<\/strong><\/sup><\/h4>\n<figure id=\"attachment_29223\" aria-describedby=\"caption-attachment-29223\" style=\"width: 993px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-29223\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Figure-3-May-7-2024.png\" alt=\"\" width=\"993\" height=\"574\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Figure-3-May-7-2024.png 993w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Figure-3-May-7-2024-300x173.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Figure-3-May-7-2024-768x444.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Figure-3-May-7-2024-696x402.png 696w\" sizes=\"auto, (max-width: 993px) 100vw, 993px\" \/><figcaption id=\"caption-attachment-29223\" class=\"wp-caption-text\">WRLG_LF_plan_SouthAustin_2024_05_06<\/figcaption><\/figure>\n<p><sup>[1]\u00a0<\/sup>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 \u201cIndependent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada\u201d, prepared by SRK Consulting (Canada) Inc. and dated June 16, 2023, and amended April 24, 2024. A full copy of the SRK report is available on the Company\u2019s website and on SEDAR+ at\u00a0<a class=\"link rapid-noclick-resp\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=T994H0kqhMJShw9J2MqrXYqm75JlZsnbspdy4Mx6XWkxZsXxn0HGHw8CrLfrS6hc7b8bFGcmc0rdTHQFwDhOVg==\" target=\"_blank\" rel=\"nofollow noopener\" data-ylk=\"slk:www.sedarplus.ca;elm:context_link;itc:0;sec:content-canvas\" data-rapid_p=\"52\">www.sedarplus.ca<\/a>.<\/p>\n<h4><strong>FIGURE 4. South Austin section view showing assay highlights for Holes MM24D-07-4198-010 through -012.<sup>[<\/sup><\/strong><sup><strong>1]<\/strong><\/sup><\/h4>\n<figure id=\"attachment_29224\" aria-describedby=\"caption-attachment-29224\" style=\"width: 987px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-29224\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Figure-4-May-7-2024.png\" alt=\"\" width=\"987\" height=\"562\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Figure-4-May-7-2024.png 987w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Figure-4-May-7-2024-300x171.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Figure-4-May-7-2024-768x437.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Figure-4-May-7-2024-696x396.png 696w\" sizes=\"auto, (max-width: 987px) 100vw, 987px\" \/><figcaption id=\"caption-attachment-29224\" class=\"wp-caption-text\">WRLG_LF_Section1_SouthAustin_2024_05_06 (1)<\/figcaption><\/figure>\n<p><sup>[1]\u00a0<\/sup>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 \u201cIndependent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada\u201d, prepared by SRK Consulting (Canada) Inc. and dated June 16, 2023, and amended April 24, 2024. A full copy of the SRK report is available on the Company\u2019s website and on SEDAR+ at\u00a0<a class=\"link rapid-noclick-resp\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=T994H0kqhMJShw9J2MqrXeZqWa9C-m_SrmnV3ienYknai-oOw7jx5fxZDOqqKv191OGz-z9zyJV5CG_8Cr8V5g==\" target=\"_blank\" rel=\"nofollow noopener\" data-ylk=\"slk:www.sedarplus.ca;elm:context_link;itc:0;sec:content-canvas\" data-rapid_p=\"53\">www.sedarplus.ca<\/a>.<\/p>\n<h4><strong>FIGURE 5. South Austin section view showing assay highlights for Holes MM24D-07-4198-008 and -009.<\/strong><sup><strong>[1]<\/strong><\/sup><\/h4>\n<figure id=\"attachment_29225\" aria-describedby=\"caption-attachment-29225\" style=\"width: 985px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-29225\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Figure-5-May-7-2024.png\" alt=\"\" width=\"985\" height=\"562\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Figure-5-May-7-2024.png 985w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Figure-5-May-7-2024-300x171.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Figure-5-May-7-2024-768x438.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/05\/WRLG-Figure-5-May-7-2024-696x397.png 696w\" sizes=\"auto, (max-width: 985px) 100vw, 985px\" \/><figcaption id=\"caption-attachment-29225\" class=\"wp-caption-text\">WRLG_LF_Section2_SouthAustin_2024_05_06 (1)<\/figcaption><\/figure>\n<p><sup>[1]\u00a0<\/sup>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 \u201cIndependent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada\u201d, prepared by SRK Consulting (Canada) Inc. and dated June 16, 2023, and amended April 24, 2024. A full copy of the SRK report is available on the Company\u2019s website and on SEDAR+ at\u00a0<a class=\"link rapid-noclick-resp\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=T994H0kqhMJShw9J2MqrXSz4bkqhqw-vpbwFFwyqtzyynY58gQS802TltnDTo2_5v4y_d7tRwOH_ZxlC1C6IdA==\" target=\"_blank\" rel=\"nofollow noopener\" data-ylk=\"slk:www.sedarplus.ca;elm:context_link;itc:0;sec:content-canvas\" data-rapid_p=\"54\">www.sedarplus.ca<\/a>.<\/p>\n<h3><strong>QUALITY ASSURANCE\/QUALITY CONTROL<\/strong><\/h3>\n<p>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 (\u201cVG\u201d), a trained geologist supervises the cutting\/bagging of those samples, and ensures the core saw blade is \u2018cleaned\u2019 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\u2019s Facility in Red Lake, Ontario for assay.<\/p>\n<p>Samples are then prepped by SGS, which consists of drying at 105\u00b0C 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 &gt; 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\u2019s 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.<\/p>\n<p>The Madsen Mine deposit presently hosts a National Instrument 43-101 \u2013\u00a0<em>Standards of Disclosure for Mineral Projects<\/em>\u00a0(\u201c<strong>NI 43-101<\/strong>\u201d) Indicated resource of 1.65 million ounces (\u201c<strong>Moz<\/strong>\u201d) of gold grading 7.4 g\/t Au and an Inferred resource of 0.37 Moz of gold grading 6.3 g\/t Au. Mineral resources are estimated at a cut-off grade of 3.38 g\/t Au and a gold price of US1,800\/oz. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to the technical report entitled \u201cIndependent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada\u201d, prepared by SRK Consulting (Canada) Inc. and dated June 16, 2023, and amended April 24, 2024 (the \u201c<strong>Madsen Report<\/strong>\u201d). 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\u2019s website and on SEDAR+ at\u00a0<a class=\"link rapid-noclick-resp\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=T994H0kqhMJShw9J2MqrXSXafFqDlLfRQ0DwjnQIjUxBrhXNNOB6MHsEEGmZ-MZ2V-zLTiK822qnv-Ja9A7MMA==\" target=\"_blank\" rel=\"nofollow noopener\" data-ylk=\"slk:www.sedarplus.ca;elm:context_link;itc:0;sec:content-canvas\" data-rapid_p=\"55\">www.sedarplus.ca<\/a>.<\/p>\n<p>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 \u201cStandards of Disclosure for Mineral Projects\u201d.<\/p>\n<p>West Red Lake is a Marketing Awareness Client of Capital 10X. Please see our disclosure for more details.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>West Red Lake Gold Mines Ltd. (TSXV: WRLG)\u00a0(OTCQB: WRLGF)\u00a0continues to find high grade ounces, making the profitable restart of the Madsen mine more likely.<\/p>\n","protected":false},"author":30,"featured_media":27944,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[56,2429],"tags":[104,2141,1467,2358,2310,2334,2446],"class_list":{"0":"post-29218","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-featured","8":"category-gold-silver","9":"tag-gold","10":"tag-investing-in-gold","11":"tag-junior-gold-miners","12":"tag-otcqb-wrlgf","13":"tag-small-cap-mining","14":"tag-west-red-lake-gold","15":"tag-west-red-lake-gold-mines-ltd-tsxv-wrlg"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>West Red Lake Gold Announces Another High Grade Intercept at Madsen Mine | Capital 10X<\/title>\n<meta name=\"description\" content=\"West Red Lake Gold Mines Ltd. (TSXV: WRLG)\u00a0(OTCQB: WRLGF)\u00a0continues to find high grade ounces, making the profitable restart of the Madsen mine more likely.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"West Red Lake Gold Announces Another High Grade Intercept at Madsen Mine | Capital 10X\" \/>\n<meta property=\"og:description\" content=\"West Red Lake Gold Mines Ltd. (TSXV: WRLG)\u00a0(OTCQB: WRLGF)\u00a0continues to find high grade ounces, making the profitable restart of the Madsen mine more likely.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/\" \/>\n<meta property=\"og:site_name\" content=\"Capital 10X\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Capital10x\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-07T15:10:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/11\/mtl-company-west-lake-gold-01.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1069\" \/>\n\t<meta property=\"og:image:height\" content=\"713\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Duane Hope\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@capital10x\" \/>\n<meta name=\"twitter:site\" content=\"@capital10x\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Duane Hope\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"10 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/\"},\"author\":{\"name\":\"Duane Hope\",\"@id\":\"https:\/\/capital10x.com\/old\/#\/schema\/person\/664404c5932eabd163f483ac259b86f8\"},\"headline\":\"West Red Lake Gold Announces Another High Grade Intercept at Madsen Mine\",\"datePublished\":\"2024-05-07T15:10:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/\"},\"wordCount\":1790,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/capital10x.com\/old\/#organization\"},\"image\":{\"@id\":\"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/11\/mtl-company-west-lake-gold-01.jpg\",\"keywords\":[\"GOLD\",\"investing in gold\",\"Junior Gold Miners\",\"OTCQB: WRLGF\",\"Small Cap Mining\",\"West Red Lake Gold\",\"West Red Lake Gold Mines Ltd. TSXV: WRLG\"],\"articleSection\":[\"Featured\",\"Gold\/Silver\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/#respond\"]}],\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/capital10x.com\/old\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/\",\"url\":\"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/\",\"name\":\"West Red Lake Gold Announces Another High Grade Intercept at Madsen Mine | Capital 10X\",\"isPartOf\":{\"@id\":\"https:\/\/capital10x.com\/old\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/11\/mtl-company-west-lake-gold-01.jpg\",\"datePublished\":\"2024-05-07T15:10:37+00:00\",\"description\":\"West Red Lake Gold Mines Ltd. (TSXV: WRLG)\u00a0(OTCQB: WRLGF)\u00a0continues to find high grade ounces, making the profitable restart of the Madsen mine more likely.\",\"breadcrumb\":{\"@id\":\"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/#primaryimage\",\"url\":\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/11\/mtl-company-west-lake-gold-01.jpg\",\"contentUrl\":\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/11\/mtl-company-west-lake-gold-01.jpg\",\"width\":1069,\"height\":713},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/capital10x.com\/old\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gold\/Silver\",\"item\":\"https:\/\/capital10x.com\/old\/gold-silver\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"West Red Lake Gold Announces Another High Grade Intercept at Madsen Mine\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/capital10x.com\/old\/#website\",\"url\":\"https:\/\/capital10x.com\/old\/\",\"name\":\"Capital 10X\",\"description\":\"Identifying 10X Investment Opportunities\",\"publisher\":{\"@id\":\"https:\/\/capital10x.com\/old\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/capital10x.com\/old\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/capital10x.com\/old\/#organization\",\"name\":\"Capital 10X\",\"url\":\"https:\/\/capital10x.com\/old\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/capital10x.com\/old\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2019\/02\/capital-10X-logo-stacked.png\",\"contentUrl\":\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2019\/02\/capital-10X-logo-stacked.png\",\"width\":128,\"height\":90,\"caption\":\"Capital 10X\"},\"image\":{\"@id\":\"https:\/\/capital10x.com\/old\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/Capital10x\/\",\"https:\/\/x.com\/capital10x\",\"https:\/\/www.instagram.com\/capital10x\",\"https:\/\/www.linkedin.com\/company\/capital10x\/\",\"https:\/\/www.pinterest.com\/capital10x\",\"https:\/\/www.youtube.com\/Capital10X\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/capital10x.com\/old\/#\/schema\/person\/664404c5932eabd163f483ac259b86f8\",\"name\":\"Duane Hope\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/capital10x.com\/old\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ac017d4491f8f9edfad02bbd83e24352100a8bd333e97848c3f88688360d21c0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ac017d4491f8f9edfad02bbd83e24352100a8bd333e97848c3f88688360d21c0?s=96&d=mm&r=g\",\"caption\":\"Duane Hope\"},\"description\":\"Duane Hope is a Partner at Capital 10X, he brings over 15 years of communications and research experience to the firm. His research and writing have appeared in publications for North American, European and Asian audiences.\",\"url\":\"https:\/\/capital10x.com\/old\/author\/hopeduanegmail-com\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"West Red Lake Gold Announces Another High Grade Intercept at Madsen Mine | Capital 10X","description":"West Red Lake Gold Mines Ltd. (TSXV: WRLG)\u00a0(OTCQB: WRLGF)\u00a0continues to find high grade ounces, making the profitable restart of the Madsen mine more likely.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/","og_locale":"en_US","og_type":"article","og_title":"West Red Lake Gold Announces Another High Grade Intercept at Madsen Mine | Capital 10X","og_description":"West Red Lake Gold Mines Ltd. (TSXV: WRLG)\u00a0(OTCQB: WRLGF)\u00a0continues to find high grade ounces, making the profitable restart of the Madsen mine more likely.","og_url":"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/","og_site_name":"Capital 10X","article_publisher":"https:\/\/www.facebook.com\/Capital10x\/","article_published_time":"2024-05-07T15:10:37+00:00","og_image":[{"width":1069,"height":713,"url":"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/11\/mtl-company-west-lake-gold-01.jpg","type":"image\/jpeg"}],"author":"Duane Hope","twitter_card":"summary_large_image","twitter_creator":"@capital10x","twitter_site":"@capital10x","twitter_misc":{"Written by":"Duane Hope","Est. reading time":"10 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/#article","isPartOf":{"@id":"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/"},"author":{"name":"Duane Hope","@id":"https:\/\/capital10x.com\/old\/#\/schema\/person\/664404c5932eabd163f483ac259b86f8"},"headline":"West Red Lake Gold Announces Another High Grade Intercept at Madsen Mine","datePublished":"2024-05-07T15:10:37+00:00","mainEntityOfPage":{"@id":"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/"},"wordCount":1790,"commentCount":0,"publisher":{"@id":"https:\/\/capital10x.com\/old\/#organization"},"image":{"@id":"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/#primaryimage"},"thumbnailUrl":"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/11\/mtl-company-west-lake-gold-01.jpg","keywords":["GOLD","investing in gold","Junior Gold Miners","OTCQB: WRLGF","Small Cap Mining","West Red Lake Gold","West Red Lake Gold Mines Ltd. TSXV: WRLG"],"articleSection":["Featured","Gold\/Silver"],"inLanguage":"en-CA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/#respond"]}],"copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/capital10x.com\/old\/#organization"}},{"@type":"WebPage","@id":"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/","url":"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/","name":"West Red Lake Gold Announces Another High Grade Intercept at Madsen Mine | Capital 10X","isPartOf":{"@id":"https:\/\/capital10x.com\/old\/#website"},"primaryImageOfPage":{"@id":"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/#primaryimage"},"image":{"@id":"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/#primaryimage"},"thumbnailUrl":"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/11\/mtl-company-west-lake-gold-01.jpg","datePublished":"2024-05-07T15:10:37+00:00","description":"West Red Lake Gold Mines Ltd. (TSXV: WRLG)\u00a0(OTCQB: WRLGF)\u00a0continues to find high grade ounces, making the profitable restart of the Madsen mine more likely.","breadcrumb":{"@id":"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/"]}]},{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/#primaryimage","url":"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/11\/mtl-company-west-lake-gold-01.jpg","contentUrl":"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/11\/mtl-company-west-lake-gold-01.jpg","width":1069,"height":713},{"@type":"BreadcrumbList","@id":"https:\/\/capital10x.com\/old\/west-red-lake-gold-announces-another-high-grade-intercept-at-madsen-mine\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/capital10x.com\/old\/"},{"@type":"ListItem","position":2,"name":"Gold\/Silver","item":"https:\/\/capital10x.com\/old\/gold-silver\/"},{"@type":"ListItem","position":3,"name":"West Red Lake Gold Announces Another High Grade Intercept at Madsen Mine"}]},{"@type":"WebSite","@id":"https:\/\/capital10x.com\/old\/#website","url":"https:\/\/capital10x.com\/old\/","name":"Capital 10X","description":"Identifying 10X Investment Opportunities","publisher":{"@id":"https:\/\/capital10x.com\/old\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/capital10x.com\/old\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":"Organization","@id":"https:\/\/capital10x.com\/old\/#organization","name":"Capital 10X","url":"https:\/\/capital10x.com\/old\/","logo":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/capital10x.com\/old\/#\/schema\/logo\/image\/","url":"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2019\/02\/capital-10X-logo-stacked.png","contentUrl":"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2019\/02\/capital-10X-logo-stacked.png","width":128,"height":90,"caption":"Capital 10X"},"image":{"@id":"https:\/\/capital10x.com\/old\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Capital10x\/","https:\/\/x.com\/capital10x","https:\/\/www.instagram.com\/capital10x","https:\/\/www.linkedin.com\/company\/capital10x\/","https:\/\/www.pinterest.com\/capital10x","https:\/\/www.youtube.com\/Capital10X\/"]},{"@type":"Person","@id":"https:\/\/capital10x.com\/old\/#\/schema\/person\/664404c5932eabd163f483ac259b86f8","name":"Duane Hope","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/capital10x.com\/old\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ac017d4491f8f9edfad02bbd83e24352100a8bd333e97848c3f88688360d21c0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ac017d4491f8f9edfad02bbd83e24352100a8bd333e97848c3f88688360d21c0?s=96&d=mm&r=g","caption":"Duane Hope"},"description":"Duane Hope is a Partner at Capital 10X, he brings over 15 years of communications and research experience to the firm. His research and writing have appeared in publications for North American, European and Asian audiences.","url":"https:\/\/capital10x.com\/old\/author\/hopeduanegmail-com\/"}]}},"_links":{"self":[{"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/posts\/29218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/comments?post=29218"}],"version-history":[{"count":3,"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/posts\/29218\/revisions"}],"predecessor-version":[{"id":29228,"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/posts\/29218\/revisions\/29228"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/media\/27944"}],"wp:attachment":[{"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/media?parent=29218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/categories?post=29218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/capital10x.com\/old\/wp-json\/wp\/v2\/tags?post=29218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}