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West Red Lake Gold Reports Drill Results at McVeigh Zone Within Madsen Mine in Ontario
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West Red Lake Gold Reports Drill Results at McVeigh Zone Within Madsen Mine in Ontario
Jan 20, 2025 5:32 AM

08:04 AM EST, 01/20/2025 (MT Newswires) -- West Red Lake Gold Mines ( WRLGF ) reported early Monday definition drill results from its Madsen mine in Ontario.

Highlights from the McVeigh zone include 45.70 grams per tonne (g/t) gold over 3.85 meters, 50.99 g/t gold over 3 meters, and 8.75 g/t gold over 16 meters.

The company said the purpose of the drilling was to continue building an inventory of high-confidence ounces to support the restart of production at the mine in 2025.

"The McVeigh zone is a shallow and easily accessible portion of the Madsen deposit and will be a key focus area during early phases of mining," President and CEO Shane Williams said. "The tight spaced drilling we are completing at McVeigh coupled with our enhanced geologic model and understanding of the structural controls will enable the engineering team to produce a very robust and high confidence mine plan that will reduce both external and internal dilution during mining."

West Red Lake rose 1.7% on Friday to $0.60 on the TSXV.

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