11:04 AM EDT, 09/10/2024 (MT Newswires) -- West Red Lake Gold Mines ( WRLGF ) on Tuesday reported high-grade drilling results from the Austin Zone at its Madsen Mine in northwestern Ontario.

Hole MM24D-12-4791-020 intersected four meters testing at 54.19 grams per tonne of gold, from 32 meters to 36 meters, including one meter testing at 215.61 g/t gold, from 33m to 34m.

The Austin Zone contains an indicated mineral resource of 914,200 ounces grading at 6.9 g/t of gold, with an additional inferred resource of 104,900 ounces grading at 6.5 g/t gold.

"The deeper portions of the Austin Zone are continuing to return very positive results as we advance the infill drilling programs and increase our confidence in these areas of the mine," said chief executive Shane Williams.

West Red Lake was last seen up $0.01 to $0.68 on the TSX Venture Exchange.

Price: 0.68, Change: +0.01, Percent Change: +1.49