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West Red Lake Gold Says Intersections at South Austin Madsen Mine Return High Grade Mineralization
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West Red Lake Gold Says Intersections at South Austin Madsen Mine Return High Grade Mineralization
May 27, 2025 4:51 AM

07:40 AM EDT, 05/27/2025 (MT Newswires) -- West Red Lake Gold Mines ( WRLGF ) on Tuesday said drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada, returned high grade mineralization.

The company said drilling returned 114.26 grams per tonne (g/t) gold (Au) over 10.6m, 77.90 g/t Au over 3m and 24.48 g/t Au over 8.5m. This area is also near 300m up plunge from the drill results recently announced on May 13, where drilling returned 48.97 g/t Au over 18.7m, 52.86 g/t Au over 4.5m and 25.49 g/t Au over 7.5m.

"The South Austin zone has been producing very high grades and impressive widths in the definition drilling program to begin 2025 - often associated with the presence of visible gold," said West Red Lake Gold Chief Executive Shane Williams. "As drilling progresses at depth we expect to uncover more areas of untapped potential and look forward to providing further updates as assay results continue to be received."

Shares of the company closed unchanged at $0.85 on Monday on the TSX Venture Exchange.

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