{"id":30053,"date":"2024-09-10T12:20:28","date_gmt":"2024-09-10T16:20:28","guid":{"rendered":"https:\/\/capital10x.com\/old\/?p=30053"},"modified":"2024-09-10T14:08:28","modified_gmt":"2024-09-10T18:08:28","slug":"west-red-lake-unearths-up-to-215g-t-gold-at-madsen-mine","status":"publish","type":"post","link":"https:\/\/capital10x.com\/old\/west-red-lake-unearths-up-to-215g-t-gold-at-madsen-mine\/","title":{"rendered":"West Red Lake Intercepts Up To 215g\/t Gold 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>Austin Zone<\/strong>. The\u00a0<strong>Austin Zone<\/strong>\u00a0currently contains an\u00a0<strong>Indicated mineral resource of 914,200 ounces (\u201coz\u201d) grading 6.9 grams per tonne (\u201cg\/t\u201d) gold (\u201cAu\u201d)<\/strong>, with an additional\u00a0<strong>Inferred resource of 104,900 oz grading 6.5 g\/t Au<\/strong>.<\/p>\n<p>The purpose of this drilling was definition within priority areas of Austin to continue building an\u00a0<strong>inventory of high-confidence ounces<\/strong> to support the restart of production at the Madsen mine, which is expected to commence in H2 2025. The Company expects to complete a pre-feasibility study in support of that restart goal in the coming months.<\/p>\n<h3><strong>AUSTIN ZONE HIGHLIGHTS:<\/strong><\/h3>\n<ul class=\"caas-list caas-list-bullet\">\n<li><strong>Hole\u00a0<\/strong><strong>MM24D-12-4791-020\u00a0<\/strong>Intersected\u00a0<strong>4m @ 54.19 g\/t Au<\/strong>, from 32m to 36m, Including\u00a0<strong>1m @ 215.61 g\/t Au<\/strong>, from 33m to 34m.<\/li>\n<li><strong>Hole\u00a0<\/strong><strong>MM24D-12-4791-026\u00a0<\/strong>Intersected\u00a0<strong>3.53m @ 23.73 g\/t Au<\/strong>, from 27.50m to 31.03m, Including\u00a0<strong>1m @ 79.81 g\/t Au<\/strong>, from 30.03m to 31.03m.<\/li>\n<li><strong>Hole\u00a0<\/strong><strong>MM24D-12-4791-023\u00a0<\/strong>Intersected\u00a0<strong>3m @ 24.49 g\/t Au<\/strong>, from 32m to 35m, Including\u00a0<strong>1m @ 71.02 g\/t Au<\/strong>, from 33m to 34m; AND<\/li>\n<li>Hole\u00a0<strong>MM24D-12-4791-041\u00a0<\/strong>Intersected\u00a0<strong>6m @ 11.65 g\/t Au<\/strong>, from 35m to 41m, Including\u00a0<strong>1m @ 10.86 g\/t Au<\/strong>, from 36m to 37m, Also including\u00a0<strong>1.05m @ 47.27 g\/t Au<\/strong>, from 39.95m to 41.00m.<\/li>\n<li>Hole\u00a0<strong>MM24D-12-4791-035<\/strong>\u00a0Intersected\u00a0<strong>3.2m @ 15.84 g\/t Au<\/strong>, from 38.8m to 42.0m, Including\u00a0<strong>2m @ 24.32 g\/t Au<\/strong>, from 39.4m to 41.4m.<\/li>\n<li>Hole\u00a0<strong>MM24D-12-4791-002<\/strong>\u00a0Intersected\u00a0<strong>4.8m @ 9.95 g\/t Au<\/strong>, from 26.2m to 31.0m, Including\u00a0<strong>0.87m @ 10.47 g\/t Au<\/strong>, from 26.20m to 27.07m, Also including\u00a0<strong>0.52m @ 43.08 g\/t Au<\/strong>, from 29.82m to 30.34m.<\/li>\n<li>Hole\u00a0<strong>MM24D-12-4791-023<\/strong>\u00a0also Intersected\u00a0<strong>3.15m @ 15.06 g\/t Au<\/strong>, from 20.35m to 23.50m, Including\u00a0<strong>0.88m @ 22.62 g\/t Au<\/strong>, from 21.12m to 22.00m, Also including\u00a0<strong>0.98m @ 20.20 g\/t Au<\/strong>, from 22.52m to 23.50m.<\/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\">The deeper portions of the Austin Zone are continuing to return very positive results as we advance the infill drilling programs and increase our confidence in these areas of the mine. Due to limited underground development, the two previous operators were only able to access portions of the Madsen deposit down to around 9 level. We are very excited to continue accessing deeper portions of the deposit which were historically mined during a period when gold was only valued at $20-40 per ounce.<\/p>\n<p>This resulted in very selective mining practices targeting just the core of the system that left behind a lot of mineralization that would be considered high grade by current standards. With gold prices now in excess of US $2,500\/oz we are taking full advantage of that remnant material and see a lot of upside at depth in Madsen.<span class=\"su-quote-cite\">Shane Williams, President &amp; CEO, West Red Lake Gold Mines Inc.<\/span><\/div><\/div>\n<p>Plan maps and section for the Austin drilling outlined in this release are provided in Figures 1 through 10. To see these drill holes in the context of a 3-dimensional model of the Madsen project mineral resource, click here.\u00a0<a class=\"link rapid-noclick-resp\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=jdRTN3B5QKhLZAvaENhTgb5XA1hb3W48lV4BW45X4IOFulRLNBQkiL_WqNH6PmMxzZAs9-Qz-4D2TJL3Ug2qiFQ12ZosMiBC0o0E8lAP6uVl-zaOVdsuuWqfddWnfBUvWJKAu3lCAPm6wwpzh7pHWCkmScIqDscMU8XMM8eC6_fcX_FipMWNLygaMtO9PXIEPQTiKzMWY2js54GW2FZTcdgcFn7Gb1JPdDmO2trZAAg=\" target=\"_blank\" rel=\"nofollow noopener\" data-ylk=\"slk:https:\/\/vrify.com\/decks\/16834?auth=fa5e3754-1ad2-440b-b5cc-fcfee08d8175;elm:context_link;itc:0;sec:content-canvas\" data-rapid_p=\"16\" data-v9y=\"1\">https:\/\/vrify.com\/decks\/16834?auth=fa5e3754-1ad2-440b-b5cc-fcfee08d8175<\/a><\/p>\n<h4><strong>TABLE 1. Significant intercepts (&gt;3 g\/t Au) from drilling at Austin Zone.<\/strong><\/h4>\n<figure id=\"attachment_30054\" aria-describedby=\"caption-attachment-30054\" style=\"width: 983px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-30054 size-full\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-1-Sept-10-2024.png\" alt=\"\" width=\"983\" height=\"4467\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-1-Sept-10-2024.png 983w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-1-Sept-10-2024-66x300.png 66w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-1-Sept-10-2024-768x3490.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-1-Sept-10-2024-338x1536.png 338w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-1-Sept-10-2024-451x2048.png 451w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-1-Sept-10-2024-696x3163.png 696w\" sizes=\"auto, (max-width: 983px) 100vw, 983px\" \/><figcaption id=\"caption-attachment-30054\" 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. Internal dilution for composite intervals does not exceed 1m for samples grading &lt;0.1 g\/t Au.<\/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-30055\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-2-Sept-10-2024.png\" alt=\"\" width=\"979\" height=\"2916\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-2-Sept-10-2024.png 979w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-2-Sept-10-2024-101x300.png 101w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-2-Sept-10-2024-344x1024.png 344w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-2-Sept-10-2024-768x2288.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-2-Sept-10-2024-516x1536.png 516w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-2-Sept-10-2024-688x2048.png 688w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-2-Sept-10-2024-696x2073.png 696w\" sizes=\"auto, (max-width: 979px) 100vw, 979px\" \/><\/p>\n<h3><strong>DISCUSSION<\/strong><\/h3>\n<p>The Austin zone is accessed through the Madsen Mine West Portal. Like the other mineralized domains that comprise the Madsen Mine, the Austin structures are 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. 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, North Austin and McVeigh 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=jdRTN3B5QKhLZAvaENhTgYTjyb9V5KiZ1OJWt7wEDVfz-5hiWjAwGcaNrySkDYVBsOWgBMEUS4drYNE4tROdDz5boW_KkqthJdzZYci00MTFv7ZXA1u_m3wYbs_mvrOGGXUD7LgIbxYJNGsKsiyMwx1n0qKDss1DtO6NIiAeEIOQzEsQtNLTtxvnbpgH5bsbT6DZGm3uMOyBFDIkvD5GqQ==\" target=\"_blank\" rel=\"nofollow noopener\" data-ylk=\"slk:https:\/\/westredlakegold.com\/september-10th-news-release-maps\/;elm:context_link;itc:0;sec:content-canvas\" data-rapid_p=\"66\" data-v9y=\"1\">https:\/\/westredlakegold.com\/september-10th-news-release-maps\/<\/a><\/p>\n<h4><strong>FIGURE 1. Madsen Mine long section showing location of 12-4791 Drill Bay in Austin Zone.<\/strong><sup><strong>[1]<\/strong><\/sup><\/h4>\n<figure id=\"attachment_30056\" aria-describedby=\"caption-attachment-30056\" style=\"width: 985px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-30056 size-full\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-1-Sept-10-2024.png\" alt=\"\" width=\"985\" height=\"571\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-1-Sept-10-2024.png 985w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-1-Sept-10-2024-300x174.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-1-Sept-10-2024-768x445.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-1-Sept-10-2024-696x403.png 696w\" sizes=\"auto, (max-width: 985px) 100vw, 985px\" \/><figcaption id=\"caption-attachment-30056\" class=\"wp-caption-text\">[1] 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 www.sedarplus.ca.<\/figcaption><\/figure>\n<h4><strong>FIGURE 2. Austin plan view drill section showing assay highlights for Holes MM24D-12-4791-001 through -041.<\/strong><sup><strong>[1]<\/strong><\/sup><\/h4>\n<figure id=\"attachment_30057\" aria-describedby=\"caption-attachment-30057\" style=\"width: 979px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-30057 size-full\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-2-Sept-10-2024.png\" alt=\"\" width=\"979\" height=\"585\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-2-Sept-10-2024.png 979w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-2-Sept-10-2024-300x179.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-2-Sept-10-2024-768x459.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-2-Sept-10-2024-696x416.png 696w\" sizes=\"auto, (max-width: 979px) 100vw, 979px\" \/><figcaption id=\"caption-attachment-30057\" class=\"wp-caption-text\">[1]\u00a0Mineral 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\u00a0www.sedarplus.ca.<\/figcaption><\/figure>\n<h4><strong>FIGURE 3. Austin section view showing assay highlights for Holes MM24D-12-4791-039 through -041.<\/strong><sup><strong>[1]<\/strong><\/sup><\/h4>\n<figure id=\"attachment_30058\" aria-describedby=\"caption-attachment-30058\" style=\"width: 976px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-30058 size-full\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-3-Sept-10-2024.png\" alt=\"\" width=\"976\" height=\"585\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-3-Sept-10-2024.png 976w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-3-Sept-10-2024-300x180.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-3-Sept-10-2024-768x460.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-3-Sept-10-2024-696x417.png 696w\" sizes=\"auto, (max-width: 976px) 100vw, 976px\" \/><figcaption id=\"caption-attachment-30058\" class=\"wp-caption-text\">[1]\u00a0Mineral 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\u00a0www.sedarplus.ca.<\/figcaption><\/figure>\n<h4><strong>FIGURE 4. Austin section view showing assay highlights for Holes MM24D-12-4791-034 through -038.<\/strong><sup><strong>[1]<\/strong><\/sup><\/h4>\n<figure id=\"attachment_30059\" aria-describedby=\"caption-attachment-30059\" style=\"width: 972px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-30059 size-full\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-4-Sept-10-2024.png\" alt=\"\" width=\"972\" height=\"583\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-4-Sept-10-2024.png 972w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-4-Sept-10-2024-300x180.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-4-Sept-10-2024-768x461.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-4-Sept-10-2024-696x417.png 696w\" sizes=\"auto, (max-width: 972px) 100vw, 972px\" \/><figcaption id=\"caption-attachment-30059\" class=\"wp-caption-text\">[1]\u00a0Mineral 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\u00a0www.sedarplus.ca.<\/figcaption><\/figure>\n<h4><strong>FIGURE 5. Austin section view showing assay highlights for Holes MM24D-12-4791-029 through -033.<\/strong><sup><strong>[1]<\/strong><\/sup><\/h4>\n<figure id=\"attachment_30060\" aria-describedby=\"caption-attachment-30060\" style=\"width: 976px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-30060 size-full\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-5-Sept-10-2024.png\" alt=\"\" width=\"976\" height=\"574\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-5-Sept-10-2024.png 976w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-5-Sept-10-2024-300x176.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-5-Sept-10-2024-768x452.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-5-Sept-10-2024-696x409.png 696w\" sizes=\"auto, (max-width: 976px) 100vw, 976px\" \/><figcaption id=\"caption-attachment-30060\" class=\"wp-caption-text\">[1]\u00a0Mineral 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\u00a0www.sedarplus.ca.<\/figcaption><\/figure>\n<h4><strong>FIGURE 6. Austin section view showing assay highlights for Holes MM24D-12-4791-023 through -028.<\/strong><sup><strong>[1]<\/strong><\/sup><\/h4>\n<figure id=\"attachment_30061\" aria-describedby=\"caption-attachment-30061\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-30061 size-full\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-6-Sept-10-2024.png\" alt=\"\" width=\"970\" height=\"573\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-6-Sept-10-2024.png 970w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-6-Sept-10-2024-300x177.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-6-Sept-10-2024-768x454.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-6-Sept-10-2024-696x411.png 696w\" sizes=\"auto, (max-width: 970px) 100vw, 970px\" \/><figcaption id=\"caption-attachment-30061\" class=\"wp-caption-text\">[1] 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 www.sedarplus.ca.<\/figcaption><\/figure>\n<h4><strong>FIGURE 7. Austin section view showing assay highlights for Holes MM24D-12-4791-019 through -022.<\/strong><sup><strong>[1]<\/strong><\/sup><\/h4>\n<figure id=\"attachment_30062\" aria-describedby=\"caption-attachment-30062\" style=\"width: 967px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-30062 size-full\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-7-Sept-10-2024.png\" alt=\"\" width=\"967\" height=\"574\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-7-Sept-10-2024.png 967w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-7-Sept-10-2024-300x178.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-7-Sept-10-2024-768x456.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-7-Sept-10-2024-696x413.png 696w\" sizes=\"auto, (max-width: 967px) 100vw, 967px\" \/><figcaption id=\"caption-attachment-30062\" class=\"wp-caption-text\">[1]\u00a0Mineral 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\u00a0www.sedarplus.ca.<\/figcaption><\/figure>\n<h4><strong>FIGURE 8. Austin section view showing assay highlights for Holes MM24D-12-4791-015 through -018.<\/strong><sup><strong>[1]<\/strong><\/sup><\/h4>\n<figure id=\"attachment_30065\" aria-describedby=\"caption-attachment-30065\" style=\"width: 976px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-30065 size-full\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-8-Sept-10-2024.png\" alt=\"\" width=\"976\" height=\"577\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-8-Sept-10-2024.png 976w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-8-Sept-10-2024-300x177.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-8-Sept-10-2024-768x454.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-8-Sept-10-2024-696x411.png 696w\" sizes=\"auto, (max-width: 976px) 100vw, 976px\" \/><figcaption id=\"caption-attachment-30065\" class=\"wp-caption-text\">[1]\u00a0Mineral 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\u00a0www.sedarplus.ca.<\/figcaption><\/figure>\n<h4><strong>FIGURE 9. Austin section view showing assay highlights for Holes MM24D-12-4791-07 through -09 and -012 and -013.<\/strong><sup><strong>[1]<\/strong><\/sup>\u00a0<strong>Holes -008 and -013 broke into historic stopes.<\/strong><\/h4>\n<figure id=\"attachment_30066\" aria-describedby=\"caption-attachment-30066\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-30066 size-full\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-9-Sept-10-2024.png\" alt=\"\" width=\"970\" height=\"582\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-9-Sept-10-2024.png 970w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-9-Sept-10-2024-300x180.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-9-Sept-10-2024-768x461.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-9-Sept-10-2024-696x418.png 696w\" sizes=\"auto, (max-width: 970px) 100vw, 970px\" \/><figcaption id=\"caption-attachment-30066\" class=\"wp-caption-text\">[1] 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 www.sedarplus.ca.<\/figcaption><\/figure>\n<h4><strong>FIGURE 10. Austin section view showing assay highlights for Holes MM24D-12-4791-002 through -005.<\/strong><sup><strong>[1]<\/strong><\/sup><\/h4>\n<figure id=\"attachment_30067\" aria-describedby=\"caption-attachment-30067\" style=\"width: 972px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-30067 size-full\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-10-Sept-10-2024.png\" alt=\"\" width=\"972\" height=\"585\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-10-Sept-10-2024.png 972w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-10-Sept-10-2024-300x181.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-10-Sept-10-2024-768x462.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Figure-10-Sept-10-2024-696x419.png 696w\" sizes=\"auto, (max-width: 972px) 100vw, 972px\" \/><figcaption id=\"caption-attachment-30067\" class=\"wp-caption-text\">[1] 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 www.sedarplus.ca.<\/figcaption><\/figure>\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(\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. 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=UEbQSougOfFolQcfWWVD6x65rb-0ZQcQrrNXntcKmcrbWGv9DMEcELEAGvEJWMdYR1sfkr-8hPiUk1uTrKyrmas1DEAp0fAjz3MWxdzN73I=\" target=\"_blank\" rel=\"nofollow noopener\" data-ylk=\"slk:www.sedarplus.ca;elm:context_link;itc:0;sec:content-canvas\" data-rapid_p=\"77\" data-v9y=\"1\">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","protected":false},"excerpt":{"rendered":"<p>West Red Lake Gold continues to find continuous high grades as the Madsen mine, paving the way for a restart in 2025.<\/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":[1520,2141,2461,1467,2333,2332,2334,2357],"class_list":{"0":"post-30053","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-juniors","10":"tag-investing-in-gold","11":"tag-investing-in-gold-miners","12":"tag-junior-gold-miners","13":"tag-otcqbwrlgf","14":"tag-tsxvwrlg","15":"tag-west-red-lake-gold","16":"tag-west-red-lake-gold-mines-ltd"},"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 Intercepts Up To 215g\/t Gold at Madsen Mine | Capital 10X<\/title>\n<meta name=\"description\" content=\"West Red Lake Gold continues to find 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