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West Red Lake Gold Mines Hits High-Grade Gold Intercepts at Madsen Mine
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West Red Lake Gold Mines Hits High-Grade Gold Intercepts at Madsen Mine
Oct 9, 2025 5:18 AM

07:46 AM EDT, 10/09/2025 (MT Newswires) -- West Red Lake Gold Mines ( WRLGF ) earlier Thursday reported drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.

Among highlights, WRLG said it hit new high-grade gold lens in lower main Austin with 139.45 grams per tonne gold (G/T Au) over 7.8 metres, 74.70 G/T Au Over 8.7 metres And 18.31 G/T Au Over 7.5 metres.

Shane Williams, president & CEO, said, "We are only just beginning to get the underground drills into the lower portions of the main Austin Zone and we are already being rewarded with very high-grade, broad intercepts of gold mineralization -- very similar to the high-grade lenses we have been defining in South Austin. Our team is the first to get underground drills and mine crews back into these deeper parts of the orebody since this area was historically mined in the 1950's and early 60's. As expected, there is significant ounce and tonnage potential remaining at depth in the Madsen orebody. We anticipate continued success in lower Austin as the drills continue to discover and define more lenses of high-grade mineralization adjacent to our active mine development."

WRLG noted the new drill results are focused on the high-grade Austin Zone, which currently contains an Indicated mineral resource of 914,200 ounces grading 6.9 grams per tonne gold, with an additional Inferred resource of 104,900 oz grading 6.5 g/t Au.

These results were drilled from the 12 Level in the Madsen Mine at approximately 600 meters depth and WRLG said they "demonstrate the potential for discovery of additional high-grade lenses of gold mineralization" in the main Austin Zone very similar to those that have already been delineated in the South Austin zone during 2025. The lower Austin zone will continue to be a key focus of drilling for the rest of 2025.

WRLG rose 2.1% in Canada yesterday.

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