VANCOUVER, British Columbia, Oct. 02, 2024 (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 initial drill results from the Upper 8 Target (“Upper 8”) from its 100% owned Madsen Property located in the Red Lake Gold District of Northwestern Ontario, Canada.
The drill results featured in this news release are focused on the Upper 8 target, which is a shallower geologic analog to the well-known high-grade 8-Zone. The Upper 8 target is hosted within the same lithologic unit (Russet Lake Ultramafic) approximately 750m up-plunge from the main 8-Zone deposit. Its location in ultramafic rocks, its style of mineralization, and its exceptionally high grades make the 8 Zone geologically unique from the main Madsen deposit. The 8 Zone currently contains an Indicated mineral resource of 87,700 ounces (“oz”) grading 18 grams per tonne (“g/t”) gold (“Au”), with an additional Inferred resource of 18,200 oz grading 14.6 g/t Au.
Insight: Exploring New Deposits
These initial drill results are part of an ongoing exploration drilling program aimed at testing high-priority targets throughout the Madsen property. By focusing on targets like the Upper 8, West Red Lake Gold is exploring the potential for discoveries similar to the high-grade 8-Zone deposit. These shallow targets provide a unique opportunity for accurate drilling from the surface, allowing for effective exploration and the growth of known mineral resources.
UPPER 8 HIGHLIGHTS:
- Hole WRL24-002 Intersected 4.1m @ 14.20 g/t Au, from 354.8m to 358.9m, Including 1.3m @ 44.17 g/t Au, from 357.0m to 358.3m.
- Hole WRL24-003 Intersected 1.85m @ 6.33 g/t Au, from 332.45m to 334.30m, Including 0.5m @ 20.63 g/t Au, from 333.8m to 334.3m.
This initial success at Upper 8 reflects the potential for further exploration and discovery of similar high-grade deposits in the Madsen property.
Will Robinson, Vice President of Exploration, stated, “The initial results from Upper 8 drilling are quite encouraging and not only demonstrate proof-of-concept for our regional targeting model, but also reinforce our thesis that there is very real potential for discovery of another 8-Zone type deposit on our highly prospective Madsen property. The relatively shallow position of Upper 8 allows for us to drill this target effectively from surface with a high degree of accuracy. With two out of three of the initial holes drilled at Upper 8 returning high-grade gold mineralization where projected, we are planning to add a second drill in the coming weeks dedicated to drilling at Upper 8. The team is very excited to return to this area to continue defining and growing this shallower 8-Zone analog.”
Plan maps and sections for the Upper 8 drilling outlined in this release are provided in Figures 1 through 4.
TABLE 1. Significant intercepts (>1 g/t Au) from drilling at Upper 8 Target.
| Hole ID | Target | From (m) | To (m) | Length (m)* | Au (g/t) |
| WRL24-001 | Upper 8 | 286.65 | 287.15 | 0.50 | 1.26 |
| WRL24-002 | Upper 8 | 333.41 | 337.41 | 4.00 | 1.66 |
| WRL24-003 | Upper 8 | 287.60 | 289.10 | 1.50 | 2.11 |
| WRL24-003 | Upper 8 | 332.45 | 334.30 | 1.85 | 6.33 |
*The “From-To” intervals in Table 1 are denoting the overall downhole length of the intercept. True thicknesses have not been calculated for these intercepts but are expected to be ≥ 70% of downhole thickness based on intercept angles observed in the drill core. Internal dilution for composite intervals does not exceed 1m for samples grading <0.1 g/t Au.
TABLE 2: Drill collar summary for holes reported in this News Release.
| Hole ID | Target | Easting | Northing | Elev (m) | Length (m) | Azimuth | Dip |
| WRL24-001 | Upper 8 | 434914 | 5646577 | 407 | 401.8 | 278 | -56 |
| WRL24-002 | Upper 8 | 434914 | 5646577 | 407 | 500.2 | 289 | -45 |
| WRL24-003 | Upper 8 | 434914 | 5646577 | 407 | 500.3 | 289 | -49 |
DISCUSSION
Exploration drilling on the Upper 8 target aims to test the near-surface extension of the mineralized shear corridor that hosts the 8-Zone deposit. Recent drilling results at Upper 8 have shown similarities in geological setting and mineralization style to the deeper 8-Zone. This provides a significant opportunity for further exploration and the potential discovery of additional high-grade deposits in the area.
The recognition of recognizable shear domains hosting gold mineralization at Upper 8 indicates a clear path for future drilling and expansion of mineral resources. The geological similarities between Upper 8 and the known 8-Zone deposit suggest the presence of sub-parallel structures with further exploration potential.
For a deeper understanding of the drilling results and geological context, refer to the figures provided in this press release.
ABOUT WEST RED LAKE GOLD MINES
West Red Lake Gold Mines Ltd. is a mineral exploration company focused on advancing its Madsen Gold Mine and surrounding properties in the Red Lake district of Ontario. With a rich history of gold production in the region, West Red Lake Gold Mines is committed to further exploration and potential discoveries in this highly prospective area.
ON BEHALF OF WEST RED LAKE GOLD MINES LTD.
“Shane Williams”
Shane Williams
President & Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
Freddie Leigh
Tel: (604) 609-6132
Email: This email address is being protected from spambots. You need JavaScript enabled to view it. or visit the Company’s website at
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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 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; timing and results of the cleanup and recovery at the Madsen Mine; and changes in the Company’s business plans.
For more information on the Company, investors should review the Company’s continuous disclosure filings that are available on SEDAR+ at www.sedarplus.ca.
