08:10 AM EDT, 05/07/2025 (MT Newswires) -- West Red Lake Gold Mines ( WRLGF ) , which rose 3% on Tuesday, reported positive reconciliation results from the bulk sample program at its Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.

On Wednesday, the company said the bulk sample, which included material from three main resource zones at Madsen, carried an average grade of 5.72 grams per tonne (g/t) gold (Au), 0.7% above the average predicted grade of 5.68 g/t Au for six stopes across three areas. It said that close reconciliation between predicted and actual grades and tonnages highlighted the effectiveness of definition drilling and detailed stope design in informing accurate modelling of gold mineralization.

It also added that 14,490 tonnes of bulk sample produced 2,498 ounces of gold and that gold recovery in the Madsen Mill averaged 95%.

"Delivering tonnes and grade from the mine that align almost exactly with expectation validates all the work we have done to unlock the tremendous value in the Madsen Mine," said West Red Lake Gold Chief Executive Shane Williams. "... I look forward to ramping up operations at the Madsen Mine in the coming months."

Shares of the company closed up $0.02 to $0.69 on Tuesday on the TSX Venture Exchange.