{"id":29921,"date":"2024-08-20T10:00:06","date_gmt":"2024-08-20T14:00:06","guid":{"rendered":"https:\/\/capital10x.com\/old\/?p=29921"},"modified":"2024-08-20T10:00:06","modified_gmt":"2024-08-20T14:00:06","slug":"west-red-lake-gold-initiates-surface-drill-program-and-defines-new-exploration-targets-madsen-mine","status":"publish","type":"post","link":"https:\/\/capital10x.com\/old\/west-red-lake-gold-initiates-surface-drill-program-and-defines-new-exploration-targets-madsen-mine\/","title":{"rendered":"West Red Lake Gold Initiates Surface Drill Program and Defines New Exploration Targets \u2013 Madsen Mine"},"content":{"rendered":"

 <\/p>\n

West Red Lake Gold Mines Ltd.<\/strong> (TSXV: WRLG)<\/strong>\u00a0(OTCQB: WRLGF)<\/strong> announced the start of a 2024 surface drilling program across its 100% owned Madsen Mine Property located in the Red Lake Gold District of Northwestern Ontario, Canada.<\/p>\n

The Company plans to drill up to 10,000 meters (\u201cm\u201d) of NQ diamond drill core testing a number of high-priority targets across the Madsen property that were generated through a systematic evaluation of all available geologic data (Figures 1 & 2). Drill targets were selected based on 1) their position along primary structural trends, 2) proximity to the Russet Lake and Venus ultramafic units, and 3) periodicity along strike of the main Madsen structural corridor relative to known mineralized splays (Fork, McVeigh and North Austin).<\/p>\n

The Company recently recognized this periodicity of known mineralized splays along the Madsen structural corridor through an evaluation of deposit-scale structural relationships. The average spacing between these known mineralized splays is approximately 1 kilometer (\u201ckm\u201d). Interpretation of the regional aeromagnetic dataset, which was flown in 2014, suggests that additional splays could be present along strike from Madsen to the northeast.<\/p>\n

After completing a thorough review of the available geologic data for the Madsen property our team has generated some new exploration concepts and identified a number of highly prospective targets that share characteristics with known resource areas, which suggests the geologic potential for hosting high-grade gold mineralization. We are very excited to test a number of these targets this year with the surface drilling program as we strive to make meaningful discoveries and add value across the Madsen property.Will Robinson, VP of Exploration, West Red Lake Gold Mines Ltd.<\/span><\/div><\/div>\n

Target Descriptions:\u00a0\u00a0<\/strong><\/h3>\n

Upper 8<\/h3>\n

The Upper 8 target is a shallower geologic analog to the well-known high-grade 8-Zone and positioned within the same lithologic unit (Russet Lake Ultramafic) approximately 750m up-plunge from the main 8-Zone. The Upper 8 target horizon was intercepted in only a few historic drill holes, which encountered a zone of strong shearing, alteration and quartz veining equivalent to 8-Zone style mineralization. Based on available drilling data, there does not appear to have been sufficient follow-up drilling on this target.<\/p>\n

MJ<\/h3>\n

The MJ target is currently a high-grade portion of the Wedge resource. It is also an 8-Zone analog hosted within two concordant shear zones up to 40 m in width and characterized by deformed gold-bearing quartz veins hosted within altered and deformed basalt and peridotite within the Russet Lake Ultramafic. Current drilling has delineated these shear zones over 500 m of strike length and to 320 m depth with the structure remaining open along strike and down-dip. Drilling in 2024 will be testing the extension of MJ along strike to the northeast, which remains completely open and mostly un-drilled.<\/p>\n

North Venus<\/h3>\n

The North Venus target is located approximately 2km northeast along strike from the North Austin zone. The geophysical signature at North Venus displays a very similar magnetic response in size, orientation and magnitude to the Fork splay. This target area is located hanging-wall to the Venus ultramafic unit and is also located near a prominent bend or inflection in the local stratigraphy, as well as the Balmer-Confederation unconformity, which bodes well for potential structural modification and\/or dilation in this area.<\/p>\n

North Starratt<\/h3>\n

The Starratt Mine is located approximately 2km southwest of the Madsen Mine and was the second largest past producer on the Madsen property with ~164 koz of gold produced between 1948-1956[1]<\/sup>. The North Starratt target is testing the northeast extension of the Starratt mine trend. This area is considered highly prospective but remains mostly un-drilled.<\/p>\n[1] Website: Ministry of Northern Development, Mines, Natural Resources and Forestry. \u201cMDI52K13NW00011 \u2013 Ontario Geological Survey.\u201d Geology Ontario. Accessed August 15, 2024. http:\/\/www.geologyontario.mndm.gov.on.ca\/mndmfiles\/mdi\/data\/records\/MDI52K13NW00011.html<\/p>\n

\"\"<\/p>\n

FIGURE 1. Regional Targeting Map for 2024 Surface Drilling Program at Madsen.<\/strong><\/p>\n

\"\"<\/p>\n

FIGURE 2. Regional Targeting Map for 2024 Surface Drilling Program at Madsen w\/ Magnetics (RTP) Tilt Derivative Overlay.<\/strong><\/p>\n

QUALITY ASSURANCE\/QUALITY CONTROL<\/strong><\/p>\n

Exploration drilling completed on surface at the Madsen Mine consists of oriented NQ-sized diamond drill core. 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

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 > 10 g\/t Au are reanalyzed by fire assay with a gravimetric finish on a 50g sample (SGS Code GO_FAG50V). Samples with visible gold or returning gold values > 30 g\/t Au 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

The Madsen Mine deposit presently hosts a National Instrument 43-101 \u2013\u00a0Standards of Disclosure for Mineral Projects<\/em>\u00a0(\u201cNI 43-101\u201d) Indicated resource of 1.65 million ounces (\u201cMoz\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.\u00a0\u00a0Mineral 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 \u201cMadsen Report<\/strong>\u201d).<\/a>\u00a0The 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.\u00a0A full copy of the Madsen Report is available on the Company\u2019s website and on SEDAR+ at\u00a0<\/a>www.sedarplus.ca<\/a>.<\/p>\n

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","protected":false},"excerpt":{"rendered":"

West Red Lake Gold Mines Ltd. (TSXV: WRLG)\u00a0(OTCQB: WRLGF) announced the start of a 2024 surface drilling program across its 100% owned Madsen Mine Property located in the Red Lake Gold District of Northwestern Ontario, Canada.<\/p>\n","protected":false},"author":30,"featured_media":27296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[56,2429],"tags":[104,2476,2141,2461,2333,2460,2310,2332,2357],"class_list":["post-29921","post","type-post","status-publish","format-standard","has-post-thumbnail","category-featured","category-gold-silver","tag-gold","tag-gold-pennystocks","tag-investing-in-gold","tag-investing-in-gold-miners","tag-otcqbwrlgf","tag-small-cap-gold-miners","tag-small-cap-mining","tag-tsxvwrlg","tag-west-red-lake-gold-mines-ltd"],"acf":[],"yoast_head":"\nWest Red Lake Gold Initiates Surface Drill Program and Defines New Exploration Targets \u2013 Madsen Mine | Capital 10X<\/title>\n<meta name=\"description\" content=\"West Red Lake Gold Mines Ltd. 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