07:26 AM EDT, 04/18/2024 (MT Newswires) -- West Red Lake Gold Mines ( WRLGF ) on Thursday reported drill results from the Madsen mine in Ontario.

The results were mostly from the property's South Austin zone. Highlights include 1.1 meters at 68.36 g/t gold including 0.5 meters at 145.44 g/t gold; and 3.95 meters at 13.83 g/t gold, including 0.5 meters at 105.72 g/t gold.

"We are very pleased with the results that have been coming out from the South Austin definition program," President and CEO Shane Williams said. "The team has been intercepting zones of mineralization where expected, which is helping to increase our confidence in the higher priority areas of the resource model and validates our interpretation of the geology."

The company's shares dropped 3.1% yesterday.