Latest news with #WRLG
Globe and Mail
3 days ago
- Business
- Globe and Mail
West Red Lake Gold Highlights Bulk Sample Learnings
VANCOUVER, British Columbia, June 03, 2025 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. ('West Red Lake Gold' or 'WRLG' or the 'Company') (TSXV: WRLG) (OTCQB: WRLGF) is pleased to report how learnings from the test mining and bulk sample program at its 100% owned Madsen Mine (the 'Project') in the Red Lake Gold District of Northwestern Ontario, Canada, are translating directly into a detailed mine plan with generally larger stopes, greater mining efficiencies, and lower cost mining methods than anticipated. The test mining and bulk sample program had two goals: To confirm that the geologic, engineering, and mining workflow at Madsen enables the Company to model and mine mineralization accurately. To test various mining scenarios and use the results to enable confident mine design that maximizes economic extraction. The bulk sample results (reported on May 7) achieved the first goal. Close reconciliation between expected and actual tonnes, grade, and contained ounces across six stopes in three areas of the resource validates the Company's ability to mine at Madsen according to plan. The Company also succeeded with the second goal. Test mining demonstrated the ability to mine up against historic stopes, which reduced barriers in stope design and unlocked some resource potential. Test mining also highlighted the efficiency of mining larger stopes and mining clusters of proximal stopes (known as mining complexes), two notable opportunities that are developing at Madsen because mine design is both a technical and economic exercise. The workflow that leads to detailed mine design at Madsen is as follows: Each resource area is definition-drilled to a drill hole spacing averaging 7 meters. The in-house, short-term model is updated to incorporate the new drill data. Stopes are engineered based on the updated model to maximize economic extraction of mineralization, at an assumed gold price. Gold mineralization at Madsen often comprises high-grade lenses surrounded by lower-grade mineralized halos. The above workflow is designed in part to define high-grade lenses of gold mineralization that can go unnoticed with wider-spaced data sets. Recent high-grade drill results from the South Austin area (see news releases from May 27, May 13, and February 26) demonstrate this potential. Definition drilling also enables accurate modeling of lower-grade halo mineralization ahead of stope design. West Red Lake Gold is currently using the consensus long-term price of US$2,350 per ounce ('oz.') in mine design, compared to a gold price of US$1,680 per oz. used for the mine plan in the Madsen Mine Pre-Feasibility Study ('PFS') [1]. The relatively low gold price in the PFS led to a mine plan with 60% of the mining being small, high-grade stopes requiring the use of cut-and-fill mining, the more selective and higher cost of the two mining methods outlined for use at Madsen [1a]. In addition, the need to drive accesses between multiple small stopes contributed to relatively high sustaining capital needs over the mine life. The PFS mine plan generated strong economics that supported the restart decision. However, using a higher gold price in stope design effectively lowers the cutoff grade for resource inclusion, bringing additional resource tonnes and more overall ounces into consideration for mine planning. When lower grade tonnes prove to be economic, it can result in larger stopes encompassing one or several high-grade gold lenses with surrounding halo mineralization. It can also define new mining shapes around proximal areas of mineralization that were not previously considered. This is especially possible where definition drilling has defined or expanded high-grade lenses, which have the potential to mitigate the impact on head grade of including lower grade tonnes over the life of mine. Figure 1: Visible gold in sill access development on 1 Level McVeigh. Larger stopes and clusters of proximal stopes, known as mining complexes, have potential to increase a mine's economic benefit and scale as compared to smaller, isolated stopes because they can positively impact three key economic drivers: Mining cost: Larger stopes can generally be mined via long hole stoping. Long hole stoping is significantly lower cost per tonne compared to cut and fill mining [1b]. The Madsen Mine bulk sample was mined exclusively by long hole stoping methods with a very high success rate and the majority of the 18-month detailed mine plan is long hole mining. Cost of access development per tonne mined: Larger stopes and stopes clustered in mining complexes spread the cost of developing access to a mining area over more ounces produced from that area, reducing the cost impact of access development. Flexibility and efficiency: The ability for a mine to focus on few large mining complexes at any given time rather than multiple isolated stopes greatly supports efficiency in equipment, personnel, and material movement planning. The Company is experiencing this efficiency advantage already at site. Figures 2 through 4 below highlight a few examples of mining complexes where the tonnage and ounce profile increased through the definition drilling, resource model updating, and economic stope design workflow. Figure 2. Image showing South Austin 4447 stope complex (blue). This area realized a 212% increase in tonnage and 320% increase in contained ounces mainly driven by definition drilling. Figure 3. Image showing Austin 1099/1100 stope complex (blue). This area realized a 204% increase in tonnage and 222% increase in contained ounces mainly driven by definition drilling. Figure 4. Image showing McVeigh 1453 stope complex (blue). This area realized a 32% increase in tonnage and 18% increase in contained ounces mainly driven by definition drilling. A more global potential benefit from mining larger stopes at Madsen is mining more of the resource. A mine plan based on a gold price of US$1,680 per oz. depletes the deposit relatively quickly, which is evident in a PFS probable reserve of only 478,000 ounces in 1.87 million tonnes grading 8.2 g/t gold mined in 7 years [1c], from a deposit with a total indicated resource of 1.65 million ounces of gold hosted in 6.9 million tonnes of rock averaging 7.4 g/t gold (the combined indicated resource for the Austin, South Austin, McVeigh, and 8 Zones) [1d]. The Madsen Mine PFS described the potential for more of the resource to be considered for mining if a higher gold price was used [1e]. A gold price environment that allows mine design to convert more of the resource into reserve suggests a longer mine life than outlined in the PFS, which is expected to have a positive impact on long-term profitability and overall project economics. Close reconciliation between expected and actual tonnes and grade in the bulk sample suggests that the Company's approach – appropriate definition drilling, responsive mine engineering, and disciplined, efficient mining – is creating the ability to mine at Madsen according to plan. The mine engineering and design process is a technical and economic exercise that responds to the price of gold. This will remain the Company's practice at the Madsen Mine. Other News The Company has received and accepted the resignation of Jasvir Kaloti as Corporate Secretary. The management and board of directors of the Company wish to thank Ms. Kaloti for her service and wish her well in the future. Efforts are in progress to identify a suitable Corporate Secretary candidate and Harpreet Dhaliwal, Chief Financial Officer, will hold this position in the interim. Footnotes Please refer to the technical report entitled 'NI 43-101 Technical Report and Prefeasibility Study for the Madsen Mine, Ontario, Canada', prepared by SRK Consulting (Canada) Inc. and dated January 7, 2025. A full copy of the SRK report is available on the Company's website and on SEDAR+ at See PFS Section 16.5.3 Mining Methods – Underground Mining Methods – Planned Mining Methods. See PFS Report Section 21.3.2 Capital and Operating Costs – Operating Cost Estimates – Mining. Mineral reserve estimates based on a gold price of US$1,680/oz and an exchange rate of 1.31 C$/US$. Longhole stope cut-off grade of 4.30 gpt Au based on an estimated operating cost of C$287.34/t including mining, plant and G&A. Mechanized Cut and Fill stope cut-off grade of 5.28 gpt Au based on an estimated operating cost of C$354.90/t including mining, plant and G&A. Incremental development cut-off grade of 1 gpt Au. A small amount of incremental longhole tonnes were included at a cut-off grade of not less than 3.4 gpt Au, these must be immediately adjacent to economic stopes that will pay for the capital to access area. Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US$1,800/oz. Mineral resources are not considered mineral reserves as they have not demonstrated economic viability. See Section 24.1 Other Relevant Data – Gold Price Sensitivity. The technical information presented in this news release has been reviewed and approved by Will Robinson, Vice President of Exploration for West Red Lake Gold and the Qualified Person for exploration at the West Red Lake Project, and by Maurice Mostert, Vice President of Technical Services for West Red Lake Gold and the Qualified Person for technical services at the West Red Lake Project, as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. ABOUT WEST RED LAKE GOLD MINES West Red Lake Gold Mines Ltd. is a mineral development company that is publicly traded and focused on advancing and developing its flagship Madsen Gold Mine and the associated 47 km 2 highly prospective land package in the Red Lake district of Ontario. The highly productive Red Lake Gold District of Northwest Ontario, Canada has yielded over 30 million ounces of gold from high-grade zones and hosts some of the world's richest gold deposits. WRLG also holds the wholly owned Rowan Property in Red Lake, with an expansive property position covering 31 km 2 including three past producing gold mines - Rowan, Mount Jamie, and Red Summit. ON BEHALF OF WEST RED LAKE GOLD MINES LTD. 'Shane Williams' Shane Williams President & Chief Executive Officer FOR FURTHER INFORMATION, PLEASE CONTACT: Gwen Preston Vice President Communications Tel: (604) 609-6132 Email: investors@ or visit the Company's website at Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. CAUTIONARY STATEMENT AND FORWARD-LOOKING INFORMATION Certain statements contained in this news release may constitute 'forward-looking information' within the meaning of applicable securities laws. Forward-looking information generally can be identified by words such as 'anticipate', 'expect', 'estimate', 'forecast', 'planned', and similar expressions suggesting future outcomes or events. Forward-looking information is based on current expectations of management; however, it is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the forward-looking information in this news release and include without limitation, statements relating to the larger stopes, greater mining efficiencies, lower cost mining methods, potential production of mining operations at the Madsen Mine; any untapped growth potential in the Madsen deposit or Rowan deposit; the impact and ability for long-term profitability and overall project economics; and the Company's future objectives and plans. Readers are cautioned not to place undue reliance on forward-looking information. Forward-looking information involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking information. These risks and uncertainties include, among other things, the Company's ability to mine at Madsen according to the current mine plan; ability to forecast mining cost; market volatility; the state of the financial markets for the Company's securities; fluctuations in commodity prices; and changes in the Company's business plans. Forward-looking information is based on a number of key expectations and assumptions, including without limitation, that the Company will continue with its stated business objectives and its ability to raise additional capital to proceed. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Additional information about risks and uncertainties is contained in the Company's management's discussion and analysis for the year ended December 31, 2024, and the Company's annual information form for the year ended December 31, 2024, copies of which are available on SEDAR+ at The forward-looking information contained herein is expressly qualified in its entirety by this cautionary statement. Forward-looking information reflects management's current beliefs and is based on information currently available to the Company. The forward-looking information is made as of the date of this news release and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law. For more information on the Company, investors should review the Company's continuous disclosure filings that are available on SEDAR+ at Photos accompanying this announcement are available at
Yahoo
3 days ago
- Business
- Yahoo
West Red Lake Gold Highlights Bulk Sample Learnings
VANCOUVER, British Columbia, June 03, 2025 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. ('West Red Lake Gold' or 'WRLG' or the 'Company') (TSXV: WRLG) (OTCQB: WRLGF) is pleased to report how learnings from the test mining and bulk sample program at its 100% owned Madsen Mine (the 'Project') in the Red Lake Gold District of Northwestern Ontario, Canada, are translating directly into a detailed mine plan with generally larger stopes, greater mining efficiencies, and lower cost mining methods than anticipated. The test mining and bulk sample program had two goals: To confirm that the geologic, engineering, and mining workflow at Madsen enables the Company to model and mine mineralization accurately. To test various mining scenarios and use the results to enable confident mine design that maximizes economic extraction. The bulk sample results (reported on May 7) achieved the first goal. Close reconciliation between expected and actual tonnes, grade, and contained ounces across six stopes in three areas of the resource validates the Company's ability to mine at Madsen according to plan. The Company also succeeded with the second goal. Test mining demonstrated the ability to mine up against historic stopes, which reduced barriers in stope design and unlocked some resource potential. Test mining also highlighted the efficiency of mining larger stopes and mining clusters of proximal stopes (known as mining complexes), two notable opportunities that are developing at Madsen because mine design is both a technical and economic exercise. The workflow that leads to detailed mine design at Madsen is as follows: Each resource area is definition-drilled to a drill hole spacing averaging 7 meters. The in-house, short-term model is updated to incorporate the new drill data. Stopes are engineered based on the updated model to maximize economic extraction of mineralization, at an assumed gold price. Gold mineralization at Madsen often comprises high-grade lenses surrounded by lower-grade mineralized halos. The above workflow is designed in part to define high-grade lenses of gold mineralization that can go unnoticed with wider-spaced data sets. Recent high-grade drill results from the South Austin area (see news releases from May 27, May 13, and February 26) demonstrate this potential. Definition drilling also enables accurate modeling of lower-grade halo mineralization ahead of stope design. West Red Lake Gold is currently using the consensus long-term price of US$2,350 per ounce ('oz.') in mine design, compared to a gold price of US$1,680 per oz. used for the mine plan in the Madsen Mine Pre-Feasibility Study ('PFS') [1]. The relatively low gold price in the PFS led to a mine plan with 60% of the mining being small, high-grade stopes requiring the use of cut-and-fill mining, the more selective and higher cost of the two mining methods outlined for use at Madsen [1a]. In addition, the need to drive accesses between multiple small stopes contributed to relatively high sustaining capital needs over the mine life. The PFS mine plan generated strong economics that supported the restart decision. However, using a higher gold price in stope design effectively lowers the cutoff grade for resource inclusion, bringing additional resource tonnes and more overall ounces into consideration for mine planning. When lower grade tonnes prove to be economic, it can result in larger stopes encompassing one or several high-grade gold lenses with surrounding halo mineralization. It can also define new mining shapes around proximal areas of mineralization that were not previously considered. This is especially possible where definition drilling has defined or expanded high-grade lenses, which have the potential to mitigate the impact on head grade of including lower grade tonnes over the life of 1: Visible gold in sill access development on 1 Level McVeigh. Larger stopes and clusters of proximal stopes, known as mining complexes, have potential to increase a mine's economic benefit and scale as compared to smaller, isolated stopes because they can positively impact three key economic drivers: Mining cost: Larger stopes can generally be mined via long hole stoping. Long hole stoping is significantly lower cost per tonne compared to cut and fill mining [1b]. The Madsen Mine bulk sample was mined exclusively by long hole stoping methods with a very high success rate and the majority of the 18-month detailed mine plan is long hole mining. Cost of access development per tonne mined: Larger stopes and stopes clustered in mining complexes spread the cost of developing access to a mining area over more ounces produced from that area, reducing the cost impact of access development. Flexibility and efficiency: The ability for a mine to focus on few large mining complexes at any given time rather than multiple isolated stopes greatly supports efficiency in equipment, personnel, and material movement planning. The Company is experiencing this efficiency advantage already at site. Figures 2 through 4 below highlight a few examples of mining complexes where the tonnage and ounce profile increased through the definition drilling, resource model updating, and economic stope design 2. Image showing South Austin 4447 stope complex (blue). This area realized a 212% increase in tonnage and 320% increase in contained ounces mainly driven by definition 3. Image showing Austin 1099/1100 stope complex (blue). This area realized a 204% increase in tonnage and 222% increase in contained ounces mainly driven by definition 4. Image showing McVeigh 1453 stope complex (blue). This area realized a 32% increase in tonnage and 18% increase in contained ounces mainly driven by definition drilling. A more global potential benefit from mining larger stopes at Madsen is mining more of the resource. A mine plan based on a gold price of US$1,680 per oz. depletes the deposit relatively quickly, which is evident in a PFS probable reserve of only 478,000 ounces in 1.87 million tonnes grading 8.2 g/t gold mined in 7 years [1c], from a deposit with a total indicated resource of 1.65 million ounces of gold hosted in 6.9 million tonnes of rock averaging 7.4 g/t gold (the combined indicated resource for the Austin, South Austin, McVeigh, and 8 Zones) [1d]. The Madsen Mine PFS described the potential for more of the resource to be considered for mining if a higher gold price was used [1e]. A gold price environment that allows mine design to convert more of the resource into reserve suggests a longer mine life than outlined in the PFS, which is expected to have a positive impact on long-term profitability and overall project economics. Close reconciliation between expected and actual tonnes and grade in the bulk sample suggests that the Company's approach – appropriate definition drilling, responsive mine engineering, and disciplined, efficient mining – is creating the ability to mine at Madsen according to plan. The mine engineering and design process is a technical and economic exercise that responds to the price of gold. This will remain the Company's practice at the Madsen Mine. Other News The Company has received and accepted the resignation of Jasvir Kaloti as Corporate Secretary. The management and board of directors of the Company wish to thank Ms. Kaloti for her service and wish her well in the future. Efforts are in progress to identify a suitable Corporate Secretary candidate and Harpreet Dhaliwal, Chief Financial Officer, will hold this position in the interim. Footnotes Please refer to the technical report entitled 'NI 43-101 Technical Report and Prefeasibility Study for the Madsen Mine, Ontario, Canada', prepared by SRK Consulting (Canada) Inc. and dated January 7, 2025. A full copy of the SRK report is available on the Company's website and on SEDAR+ at See PFS Section 16.5.3 Mining Methods – Underground Mining Methods – Planned Mining Methods. See PFS Report Section 21.3.2 Capital and Operating Costs – Operating Cost Estimates – Mining. Mineral reserve estimates based on a gold price of US$1,680/oz and an exchange rate of 1.31 C$/US$. Longhole stope cut-off grade of 4.30 gpt Au based on an estimated operating cost of C$287.34/t including mining, plant and G&A. Mechanized Cut and Fill stope cut-off grade of 5.28 gpt Au based on an estimated operating cost of C$354.90/t including mining, plant and G&A. Incremental development cut-off grade of 1 gpt Au. A small amount of incremental longhole tonnes were included at a cut-off grade of not less than 3.4 gpt Au, these must be immediately adjacent to economic stopes that will pay for the capital to access area. Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US$1,800/oz. Mineral resources are not considered mineral reserves as they have not demonstrated economic viability. See Section 24.1 Other Relevant Data – Gold Price Sensitivity. Sign in to access your portfolio
Hamilton Spectator
22-05-2025
- Business
- Hamilton Spectator
West Red Lake Gold Announces Official Restart of the Madsen Mine
VANCOUVER, British Columbia, May 22, 2025 (GLOBE NEWSWIRE) — West Red Lake Gold Mines Ltd. ('West Red Lake Gold' or 'WRLG' or the 'Company') (TSXV: WRLG) (OTCQB: WRLGF) is pleased to report that, at a meeting on May 21, 2025, the WRLG Board of Directors approved management's recommendation to restart the Madsen Mine immediately. 'West Red Lake Gold acquired the Madsen Mine in June 2023 with the goal to use our team's deep technical experience to unlock the abundant but at the time discounted potential of this mine,' said Shane Williams, President and CEO. 'We have pushed hard for two years to accomplish that feat and now, with major infrastructure projects complete and our bulk sample having delivered mined tonnes and gold grade aligned with modeled expectations, our approach has been validated and we are ready to mine on a continual basis. 'This restart decision is a major milestone that has been achieved by systematically derisking the technical, operating, and funding requirements of a sustainable high-grade gold operation at Madsen and I am very pleased to deliver this restart to all key stakeholders, including our shareholders and neighbours.' For the last year, West Red Lake Gold has communicated a plan to restart the Madsen Mine by the middle of 2025. Restarting now delivers this milestone slightly ahead of schedule, positioning the mine for an exciting second half of the year. Specifically, the Company plans to mine and process an average of 500 tonnes per day for the first two months before ramping up operations through the second half of the year. ABOUT WEST RED LAKE GOLD MINES West Red Lake Gold Mines Ltd. is a mineral exploration company that is publicly traded and focused on advancing and developing its flagship Madsen Gold Mine and the associated 47 km2 highly prospective land package in the Red Lake district of Ontario. The highly productive Red Lake Gold District of Northwest Ontario, Canada has yielded over 30 million ounces of gold from high-grade zones and hosts some of the world's richest gold deposits. WRLG also holds the wholly owned Rowan Property in Red Lake, with an expansive property position covering 31 km2 including three past producing gold mines - Rowan, Mount Jamie, and Red Summit. ON BEHALF OF WEST RED LAKE GOLD MINES LTD. 'Shane Williams' Shane Williams President & Chief Executive Officer FOR FURTHER INFORMATION, PLEASE CONTACT: Gwen Preston Vice President Communications Tel: (604) 609-6132 Email: investors@ or visit the Company's website at Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. CAUTIONARY STATEMENT AND FORWARD-LOOKING INFORMATION Certain statements contained in this news release may constitute 'forward-looking information' within the meaning of applicable securities laws. Forward-looking information generally can be identified by words such as 'anticipate', 'expect', 'estimate', 'forecast', 'planned', and similar expressions suggesting future outcomes or events. Forward-looking information is based on current expectations of management; however, it is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the forward-looking information in this news release and include without limitation, statements relating to the potential production of mining operations at the Madsen Mine; any untapped growth potential in the Madsen deposit or Rowan deposit; and the Company's future objectives and plans. Readers are cautioned not to place undue reliance on forward-looking information. Forward-looking information involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking information. These risks and uncertainties include, among other things, market volatility; the state of the financial markets for the Company's securities; fluctuations in commodity prices; and changes in the Company's business plans. Forward-looking information is based on a number of key expectations and assumptions, including without limitation, that the Company will continue with its stated business objectives and its ability to raise additional capital to proceed. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Additional information about risks and uncertainties is contained in the Company's management's discussion and analysis for the year ended December 31, 2024, and the Company's annual information form for the year ended December 31, 2024, copies of which are available on SEDAR+ at . The forward-looking information contained herein is expressly qualified in its entirety by this cautionary statement. Forward-looking information reflects management's current beliefs and is based on information currently available to the Company. The forward-looking information is made as of the date of this news release and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law. For more information on the Company, investors should review the Company's continuous disclosure filings that are available on SEDAR+ at . An infographic accompanying this announcement is available at
Hamilton Spectator
28-04-2025
- Business
- Hamilton Spectator
West Red Lake Gold Acknowledges the National Day of Mourning for Workplace Accidents and Illnesses
VANCOUVER, British Columbia, April 28, 2025 (GLOBE NEWSWIRE) — West Red Lake Gold Mines Ltd. ('West Red Lake Gold' or 'WRLG' or the 'Company') (TSXV: WRLG) (OTCQB: WRLGF) acknowledges April 28th as the National Day of Mourning, dedicated to remembering those who have lost their lives, suffered injury or illness on the job, or experienced a work-related tragedy. 'Safety must be paramount in every workplace,' said Shane Williams, President and CEO. 'Dedicating time and resources to support a strong and active culture of safety is essential. West Red Lake Gold joins the Canadian Centre for Occupational Health and Safety in marking this day of mourning for workers killed, injured, or made ill on the job and we commit to protecting workers, and in doing so their families, from the deep impacts of workplace accidents and illnesses.' ABOUT WEST RED LAKE GOLD MINES West Red Lake Gold Mines Ltd. is a mineral exploration company that is publicly traded and focused on advancing and developing its flagship Madsen Gold Mine and the associated 47 km2 highly prospective land package in the Red Lake district of Ontario. The highly productive Red Lake Gold District of Northwest Ontario, Canada has yielded over 30 million ounces of gold from high-grade zones and hosts some of the world's richest gold deposits. WRLG also holds the wholly owned Rowan Property in Red Lake, with an expansive property position covering 31 km2 including three past producing gold mines - Rowan, Mount Jamie, and Red Summit. ON BEHALF OF WEST RED LAKE GOLD MINES LTD. 'Shane Williams' Shane Williams President & Chief Executive Officer FOR FURTHER INFORMATION, PLEASE CONTACT: Gwen Preston Vice President Communications Tel: (604) 609-6132 Email: investors@ or visit the Company's website at Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. A photo accompanying this announcement is available at
Globe and Mail
15-04-2025
- Business
- Globe and Mail
West Red Lake Gold Highlights New Exploration Targets at Rowan Property
VANCOUVER, British Columbia, April 15, 2025 — West Red Lake Gold Mines Ltd. ('West Red Lake Gold' or 'WRLG' or the 'Company') (TSXV:WRLG) (OTCQB:WRLGF) is pleased to announce positive results from the 2024 regional surface mapping, geochemical sampling and core re-logging program (the ' Program ') at its 100% owned Rowan Property located in the Red Lake Gold District of Northwestern Ontario, Canada. HIGHLIGHTS: The Program at Rowan in 2024 consisted of a diamond drill core re-logging and sampling program, expansion of the 2023 till sampling grid, and compilation of a new deposit-scale 3D geologic model to enhance targeting of favorable structural and lithologic settings for gold mineralization at Rowan. The re-logging program included 50 diamond drill holes for a total of 16,830 meters ('m') of drill core – this core was predominately from historic drilling campaigns (Figure 2). A total of 3,070 samples were collected over 4,604m of core to fill analytical gaps in the historic data set and update mineralized domains at Rowan. A total of 984 till samples were collected in 2024 with an emphasis on prospective geology and interpreted structural trends that are believed to be important controls for gold mineralization at Rowan. This was in addition to the 344 till samples collected during 2023 (Figure 3). Geochemical data from 2023-2024 till sampling campaigns were integrated to refine what is interpreted to be the main mineralized structural trend at Rowan, which has been folded and conforms to a regional-scale east verging antiform (Figure 1). This structural trend is constrained geochemically by strong potassic ('K') alteration and Ag-Cd-Zn loading. Visible gold in drill core at Rowan is often associated with the presence of sphalerite (Zn-sulphide). Two (2) new till anomalies were defined at Rowan that also align spatially with deflections and folding in the main regional shear. These two newly defined target areas have seen very little previous drilling. The areas immediately northeast and southwest along strike from the main Rowan deposit, and the Mount Jamie area also remain highly prospective for expansion and discovery potential. Will Robinson, Vice President of Exploration, stated, 'The 2024 exploration program at Rowan achieved a number of key objectives in advancing our understanding of the geological controls on mineralization in this part of the Red Lake District. We now have a succinct and systematic logging convention for Rowan to pair with a high-confidence and detailed deposit-scale 3D geologic model, which will prove invaluable for targeting and data processing in future drilling programs. Many of the common themes we see at Madsen associated with gold are also present at Rowan, which further substantiates our regional targeting model. The till sampling program was highly successful in mapping out the footprint of the main controlling mineralized shear at Rowan, while also defining two high caliber gold-in-till anomalies at Big Bend and Apex. Inflections and folds in mineralized shears are great places to look for high-grade gold and we are excited to test these new targets with future drilling campaigns.' Figure 1. Map showing new target areas defined through 2023-2024 surface till sampling and characterized by strong K-alteration and Ag-Cd-Zn loading. The areas immediately northeast and southwest of the main Rowan deposit remain high-priority expansion targets. Figure 2. Map showing location of drill collars for re-logged holes relative to known gold deposits and mineral occurrences. Newly interpreted 2025 geology map shown as underlay. Figure 3. Map showing location of 2023-2024 till sampling grid with sampled and non-sampled sites displayed. Non-sampled sites were due to lack of viable sample material and/or swampy terrain. DISCUSSION Drill Core Re-logging and Sampling Program The re-logging program included 50 diamond drill holes for a total of 16,830m of drill core – this core was predominately from historic drilling campaigns from Rowan, Mount Jamie, Red Summit and the NT Zone (Table 1). A total of 3,070 samples were collected over 4,604m of core to fill analytical gaps in the historic data set and update mineralized domains at Rowan. Sample preparation and gold analysis were conducted at SGS in Red Lake, subsequent to which the master analytical pulps were picked up by WRLG contract employees and transported to ALS Minerals in Thunder Bay for multi-element ICP analysis. Table 1. Summary of drill holes, primary samples and QAQC samples from 2024 Rowan re-logging and sampling program. Till Sampling Program A total of 1,328 till samples (exclusive of duplicates) were taken by contracted field personnel between both phases of surficial sampling on the Rowan property in 2023 and 2024. Of these 1,328 samples, 984 were prepared in the lab with a -63 µm passing sieve, whereas the remaining samples were sieved to the -180+63 µm fractions size. The average sample weight received at the lab was 1.75 kg, with a following average weight of 245 g of sample material passing the -63µm fraction screen during preparation. Of the 984 field samples, 12 returned with insufficient material for analysis ('NSS'). These NSS samples had an average receival weight of 1.39 kg, but a post screen average weight of 36.07 grams. A review of sample commentary and field data shows that these 12 samples were taken either in sand rich till, or over shallow subcrop with low volumes of the appropriate sample medium. With a required nominal weight of 50 g required for the AuME-ST44™ analysis method, field sampling protocols are deemed adequate to ensure the required volume of material has been collected. At a failure rate of 1.2 %, this is deemed to be within acceptable tolerance for sample collection. QUALITY ASSURANCE/QUALITY CONTROL The Rowan Mine deposit presently hosts a National Instrument 43-101 – Standards of Disclosure for Mineral Projects ('NI 43-101') Indicated resource of 195,746 ounces (' oz ') of gold grading 12.78 g/t Au and an Inferred resource of 115,719 oz of gold grading 8.76 g/t Au. Mineral resources are estimated at a cut-off grade of 3.80 g/t Au and a gold price of US$1,800/oz. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to the technical report entitled 'Technical Report on The Updated Mineral Resource Estimate for The Rowan Property, Ontario, Canada', prepared by SIMS Resources LLC and dated April 26, 2024 (the ' Rowan Report '). The Rowan Mine Resource Estimate has an effective date of March 1, 2024. A full copy of the Rowan Report is available on the Company's website and on SEDAR+ at The technical information presented in this news release has been reviewed and approved by Will Robinson, Vice President of Exploration for West Red Lake Gold and the Qualified Person for exploration at the West Red Lake Project, as defined by NI 43-101 'Standards of Disclosure for Mineral Projects'. ABOUT WEST RED LAKE GOLD MINES West Red Lake Gold Mines Ltd. is a mineral exploration company that is publicly traded and focused on advancing and developing its flagship Madsen Gold Mine and the associated 47 km 2 highly prospective land package in the Red Lake district of Ontario. The highly productive Red Lake Gold District of Northwest Ontario, Canada has yielded over 30 million ounces of gold from high-grade zones and hosts some of the world's richest gold deposits. WRLG also holds the wholly owned Rowan Property in Red Lake, with an expansive property position covering 31 km 2 including three past producing gold mines – Rowan, Mount Jamie, and Red Summit. ON BEHALF OF WEST RED LAKE GOLD MINES LTD. 'Shane Williams' Shane Williams President & Chief Executive Officer FOR FURTHER INFORMATION, PLEASE CONTACT: Gwen Preston Vice President Communications Tel: (604) 609-6132 Email: investors@ or visit the Company's website at Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. CAUTIONARY STATEMENT AND FORWARD-LOOKING INFORMATION Certain statements contained in this news release may constitute 'forward-looking information' within the meaning of applicable securities laws. Forward-looking information generally can be identified by words such as 'anticipate', 'expect', 'estimate', 'forecast', 'planned', and similar expressions suggesting future outcomes or events. Forward-looking information is based on current expectations of management; however, it is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the forward-looking information in this news release and include without limitation, statements relating to the potential for mineralization in the Red Lake district, the anticipated value of the dataset for advancing targets on the Rowan property, and all other plans for the potential restart of mining operations at the Madsen Mine, the potential of the Madsen Mine; any untapped growth potential in the Madsen deposit or Rowan deposit; and the Company's future objectives and plans. Readers are cautioned not to place undue reliance on forward-looking information. Forward-looking information involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking information. These risks and uncertainties include, among other things, risks associated with mineral exploration and development activities, environmental risks, market volatility; the state of the financial markets for the Company's securities; fluctuations in commodity prices; timing and results of the cleanup and recovery at the Madsen Mine; and changes in the Company's business plans. Forward-looking information is based on a number of key expectations and assumptions, including without limitation, that the Company will continue with its stated business objectives and its ability to raise additional capital to proceed. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Additional information about risks and uncertainties is contained in the Company's management's discussion and analysis for the year ended November 30, 2023, and the Company's annual information form for the year ended November 30, 2023, copies of which are available on SEDAR+ at The forward-looking information contained herein is expressly qualified in its entirety by this cautionary statement. Forward-looking information reflects management's current beliefs and is based on information currently available to the Company. The forward-looking information is made as of the date of this news release and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law. For more information on the Company, investors should review the Company's continuous disclosure filings that are available on SEDAR+ at Featured Image @ Freepik Read more investing news on to the PressReach RSS feeds:
