08:55 AM EST, 02/26/2025 (MT Newswires) -- West Red Lake Gold Mines ( WRLGF ) reported Wednesday the latest drill results from the Madsen mine located in Ontario's Red Lake gold district.

Highlights from the high-grade South Austin zone include 114.26 grams per tonne (g/t) gold over 10.6 meters, 77.90 g/t gold over 3 meters and 24.48 g/t gold over 8.5 meters.

West Red Lake said the South Austin zone contains an indicated resource of 474,600 ounces grading 8.7 grams per tonne gold, with an additional inferred resource of 31,800 ounces grading 8.7 g/t gold.

"It's very encouraging to see consistent increases in grade and thickness of the mineralized zone as the drilling program advances," President and CEO Shane Williams said. "We see tremendous potential at depth in the Madsen orebody and results like the ones highlighted in this update illustrate the exceptional high-grade potential that exists within Red Lake gold systems."

The company's share price fell 1.6% on Tuesday to $0.62 on the TSXV.