{"id":30127,"date":"2024-09-24T10:21:40","date_gmt":"2024-09-24T14:21:40","guid":{"rendered":"https:\/\/capital10x.com\/old\/?p=30127"},"modified":"2024-09-24T10:21:40","modified_gmt":"2024-09-24T14:21:40","slug":"west-red-lake-gold-releases-additional-high-grades-from-south-austin-zone-madsen-mine","status":"publish","type":"post","link":"https:\/\/capital10x.com\/old\/west-red-lake-gold-releases-additional-high-grades-from-south-austin-zone-madsen-mine\/","title":{"rendered":"West Red Lake Gold Releases Additional High Grades from South Austin Zone, Madsen Mine"},"content":{"rendered":"<p class=\"yf-1pe5jgt\"><strong>West Red Lake Gold Mines Ltd.<\/strong> <strong>(TSXV: WRLG)<\/strong>\u00a0<strong>(OTCQB: WRLGF)<\/strong> reported drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.<\/p>\n<p class=\"yf-1pe5jgt\">The drill results featured in this news release are focused on the high-grade\u00a0<strong>South Austin Zone<\/strong>, which 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 class=\"yf-1pe5jgt\">The purpose of this drilling was definition within priority areas of South Austin to continue building an\u00a0<strong>inventory of high-confidence ounces<\/strong>\u00a0to support the restart of production at the Madsen mine, which is expected to commence in 2025. The Company expects to complete a pre-feasibility study outlining its restart plans in Q4.<\/p>\n<h3 class=\"yf-1pe5jgt\"><strong>SOUTH AUSTIN ZONE HIGHLIGHTS:<\/strong><\/h3>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><strong>Hole\u00a0<\/strong><strong>MM24D-08-4447-035\u00a0<\/strong>Intersected\u00a0<strong>4.48m @ 49.39 g\/t Au<\/strong>, from 114.91m to 119.39m, Including\u00a0<strong>2.5m @ 76.51 g\/t Au<\/strong>, from 116.0m to 118.5m.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><strong>Hole\u00a0<\/strong><strong>MM24D-08-4447-025\u00a0<\/strong>Intersected\u00a0<strong>11.2m @ 18.46 g\/t Au<\/strong>, from 106.0m to 117.2m, Including\u00a0<strong>4m @ 34.41 g\/t Au<\/strong>, from 107m to 111m, Also including\u00a0<strong>0.5m @ 10.21 g\/t Au<\/strong>, from 113.0m to 113.5m, Also including\u00a0<strong>1.5m @ 32.13 g\/t Au<\/strong>, from 114.5m to 116.0m.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><strong>Hole\u00a0<\/strong><strong>MM24D-08-4447-033\u00a0<\/strong>Intersected\u00a0<strong>1.74m @ 74.92 g\/t Au<\/strong>, from 100.26m to 102.00m.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><strong>Hole\u00a0<\/strong><strong>MM24D-08-4447-028\u00a0<\/strong>Intersected\u00a0<strong>4m @ 20.63 g\/t Au<\/strong>, from 118.5m to 122.5m, Including\u00a0<strong>0.7m @ 95.59 g\/t Au<\/strong>, from 120.3m to 121.0m.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><strong>Hole\u00a0<\/strong><strong>MM24D-08-4447-019\u00a0<\/strong>Intersected\u00a0<strong>6.3m @ 12.38 g\/t Au<\/strong>, from 105.0m to 111.3m, Including\u00a0<strong>1m @ 31.39 g\/t Au<\/strong>, from 106m to 107m, Also including\u00a0<strong>2m @ 17.19 g\/t Au<\/strong>, from 108m to 110m.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><strong>Hole\u00a0<\/strong><strong>MM24D-08-4447-014\u00a0<\/strong>Intersected\u00a0<strong>3.3m @ 15.69 g\/t Au<\/strong>, from 74.05m to 77.35m, Including\u00a0<strong>0.8m @ 39.93 g\/t Au<\/strong>, from 75.0m to 75.8m, Also including\u00a0<strong>0.5m @ 19.43 g\/t Au<\/strong>, from 76.85m to 77.35m.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><strong>Hole\u00a0<\/strong><strong>MM24D-08-4447-016\u00a0<\/strong>Intersected\u00a0<strong>5m @ 9.16 g\/t Au<\/strong>, from 89m to 94m, Including\u00a0<strong>1m @ 35.00 g\/t Au<\/strong>, from 89m to 90m.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><strong>Hole\u00a0<\/strong><strong>MM24D-08-4447-023\u00a0<\/strong>Intersected\u00a0<strong>2.2m @ 19.05 g\/t Au<\/strong>, from 111.7m to 113.9m, Including\u00a0<strong>1.65m @ 22.77 g\/t Au<\/strong>, from 112.25m to 113.90m.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1pe5jgt\"><strong>Hole\u00a0<\/strong><strong>MM24D-08-4447-020\u00a0<\/strong>Intersected\u00a0<strong>6.5m @ 6.19 g\/t Au<\/strong>, from 105.0m to 111.5m, Including\u00a0<strong>0.5m @ 21.81 g\/t Au<\/strong>, from 110.5m to 111.0m.<\/p>\n<\/li>\n<\/ul>\n<p class=\"yf-1pe5jgt\"><div class=\"su-quote su-quote-style-default su-quote-has-cite\"><div class=\"su-quote-inner su-u-clearfix su-u-trim\">The team is doing a fantastic job advancing the definition drilling program at Madsen that is essential for developing an inventory of high-confidence ounces to support the mine restart plan and our goal of getting Madsen back into production by H2 2025. The intercepts out of South Austin highlighted in this update are right on par with the exceptional results out of the Austin and McVeigh zones that have been announced over the last month. This consistency and quality between different mineral zones help to demonstrate the potential we see within the entirety of the Madsen deposit.<span class=\"su-quote-cite\">Shane Williams, President &amp; CEO, West Red Lake Gold Mines Ltd. <\/span><\/div><\/div>\n<p class=\"yf-1pe5jgt\">Plan maps and section for the Austin and McVeigh drilling outlined in this release are provided in Figures 1 through 8. 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 \" href=\"https:\/\/www.globenewswire.com\/Tracker?data=STn8OsZfOWsiclJvgvfSwd2T5Ddmj74CIhxjq41rc_jke13ORoh7JkYwwY2ENHluXqMWpeA6q0RqYXGVq_iRTpoFlRHOm0ACIvrpk5DV1UzA-xjv0-KwUh7fVvQ-jJbm\" target=\"_blank\" rel=\"nofollow noopener\" data-ylk=\"slk:https:\/\/vrify.com\/editor\/decks\/16990;elm:context_link;itc:0;sec:content-canvas\" data-rapid_p=\"7\" data-v9y=\"1\">https:\/\/vrify.com\/editor\/decks\/16990<\/a><\/p>\n<h4 class=\"yf-1pe5jgt\"><strong>TABLE 1. Significant intercepts (&gt;3 g\/t Au) from drilling at Austin Zone.<\/strong><\/h4>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-30128\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-1-Sept-24-2024.png\" alt=\"\" width=\"1030\" height=\"3707\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-1-Sept-24-2024.png 1030w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-1-Sept-24-2024-83x300.png 83w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-1-Sept-24-2024-768x2764.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-1-Sept-24-2024-427x1536.png 427w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-1-Sept-24-2024-569x2048.png 569w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-1-Sept-24-2024-696x2505.png 696w\" sizes=\"auto, (max-width: 1030px) 100vw, 1030px\" \/><\/p>\n<p>*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.<\/p>\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-30129\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-2-Sept-24-2024.png\" alt=\"\" width=\"1029\" height=\"2511\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-2-Sept-24-2024.png 1029w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-2-Sept-24-2024-123x300.png 123w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-2-Sept-24-2024-420x1024.png 420w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-2-Sept-24-2024-768x1874.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-2-Sept-24-2024-629x1536.png 629w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-2-Sept-24-2024-839x2048.png 839w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Table-2-Sept-24-2024-696x1698.png 696w\" sizes=\"auto, (max-width: 1029px) 100vw, 1029px\" \/><\/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. 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 href=\"https:\/\/westredlakegold.com\/september-24th-news-release-maps\/\">https:\/\/westredlakegold.com\/september-24th-news-release-maps\/<\/a><\/p>\n<h4><strong>FIGURE 1. Madsen Mine long section showing location of 08-4447 Drill Bay in the South Austin Zone.<sup>[1]<\/sup><\/strong><\/h4>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-30130\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-1-Sept-24-2024.png\" alt=\"\" width=\"1035\" height=\"504\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-1-Sept-24-2024.png 1035w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-1-Sept-24-2024-300x146.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-1-Sept-24-2024-1024x499.png 1024w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-1-Sept-24-2024-768x374.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-1-Sept-24-2024-696x339.png 696w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-1-Sept-24-2024-533x261.png 533w\" sizes=\"auto, (max-width: 1035px) 100vw, 1035px\" \/><\/p>\n<h4><strong>FIGURE 2. South Austin plan view drill section showing assay highlights for Holes MM24D-08-4447-001 through -035.<sup>[1]<\/sup><\/strong><\/h4>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-30131\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-2-Sept-24-2024.png\" alt=\"\" width=\"1000\" height=\"571\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-2-Sept-24-2024.png 1000w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-2-Sept-24-2024-300x171.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-2-Sept-24-2024-768x439.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-2-Sept-24-2024-696x397.png 696w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<h4><strong>FIGURE 3. South Austin section view showing assay highlights for Holes MM24D-08-4447-001 through -007.<sup>[1]\u00a0<\/sup>Holes -002 through -007 broke into historic stopes.<\/strong><\/h4>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-30132\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-3-Sept-24-2024.png\" alt=\"\" width=\"1020\" height=\"568\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-3-Sept-24-2024.png 1020w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-3-Sept-24-2024-300x167.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-3-Sept-24-2024-768x428.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-3-Sept-24-2024-696x388.png 696w\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" \/><\/p>\n<h4><strong>FIGURE 4. South Austin section view showing assay highlights for Holes MM24D-08-4447-008 through -012.<sup>[1]\u00a0<\/sup>Holes -008, -009, -011 and \u2013012 broke into historic stopes.<\/strong><\/h4>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-30133\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-4-Sept-24-2024.png\" alt=\"\" width=\"1008\" height=\"567\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-4-Sept-24-2024.png 1008w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-4-Sept-24-2024-300x169.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-4-Sept-24-2024-768x432.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-4-Sept-24-2024-696x392.png 696w\" sizes=\"auto, (max-width: 1008px) 100vw, 1008px\" \/><\/p>\n<h4><strong>FIGURE 5. South Austin section view showing assay highlights for Holes MM24D-08-4447-013 through -016.<sup>[1]<\/sup>\u00a0Holes -013, -015 and -016 broke into historic stopes.<\/strong><\/h4>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-30134\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-5-Sept-24-2024.png\" alt=\"\" width=\"1015\" height=\"562\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-5-Sept-24-2024.png 1015w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-5-Sept-24-2024-300x166.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-5-Sept-24-2024-768x425.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-5-Sept-24-2024-696x385.png 696w\" sizes=\"auto, (max-width: 1015px) 100vw, 1015px\" \/><\/p>\n<h4><strong>FIGURE 6. South Austin section view showing assay highlights for Holes MM24D-08-4447-017 through -021.<sup>[1]<\/sup>\u00a0Holes -018 through -021 broke into historic stopes.<\/strong><\/h4>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-30135\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-6-Sept-24-2024.png\" alt=\"\" width=\"1017\" height=\"562\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-6-Sept-24-2024.png 1017w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-6-Sept-24-2024-300x166.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-6-Sept-24-2024-768x424.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-6-Sept-24-2024-696x385.png 696w\" sizes=\"auto, (max-width: 1017px) 100vw, 1017px\" \/><\/p>\n<h4><strong>FIGURE 7. South Austin section view showing assay highlights for Holes MM24D-08-4447-022 through -028.<sup>[1]\u00a0<\/sup>Hole -025 broke into a historic stope.<\/strong><\/h4>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-30136\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-7-Sept-24-2024.png\" alt=\"\" width=\"1014\" height=\"562\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-7-Sept-24-2024.png 1014w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-7-Sept-24-2024-300x166.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-7-Sept-24-2024-768x426.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-7-Sept-24-2024-696x385.png 696w\" sizes=\"auto, (max-width: 1014px) 100vw, 1014px\" \/><\/p>\n<h4><strong>FIGURE 8. South Austin section view showing assay highlights for Holes MM24D-08-4447-029 through -035.<sup>[1]\u00a0<\/sup>Holes -033 and -034 broke into historic stopes.<\/strong><\/h4>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-30137\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-8-Sept-24-2024.png\" alt=\"\" width=\"1011\" height=\"558\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-8-Sept-24-2024.png 1011w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-8-Sept-24-2024-300x166.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-8-Sept-24-2024-768x424.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2024\/09\/WRLG-Fig.-8-Sept-24-2024-696x385.png 696w\" sizes=\"auto, (max-width: 1011px) 100vw, 1011px\" \/><\/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(\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\u00a0<a>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).<\/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.\u00a0<a>A full copy of the Madsen Report is available on the Company\u2019s website and on SEDAR+ at\u00a0<\/a><a href=\"http:\/\/www.sedarplus.ca\/\">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<h3><strong>GRANT OF RESTRICTED SHARE UNITS<\/strong><\/h3>\n<p>The Company also announces the grant of restricted share units (\u201cRSUs\u201d) in accordance with the Company\u2019s restricted share unit, performance share unit, and deferred share unit compensation plan. \u00a0Certain Officers and employees of the Company were granted an aggregate of 450,000 RSUs which will vest over three years in three equal tranches on the first, second and third anniversary of the grant date.\u00a0 The grant of RSUs is subject to regulatory acceptance of the TSX Venture Exchange.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>West Red Lake Gold Mines Continues to Report Consistant Grades at the Madsen mine on the way to a production restart in 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