West Red Lake Gold – More High-Grade Drill Results From The South Austin Zone – Many Exploration Targets On Tap At The Madsen Gold And Rowan Projects For This Year

The KE Report

Will Robinson, VP of Exploration at West Red Lake Gold Mines (TSX.V:WRLG – OTCQB:WRLGF), joins us to review some of the recent high-grade gold drill results returned from the South Austin Zone at the Madsen Gold Project, and to map out the many other exploration targets on tap for drilling in 2024 at Madsen and at the Rowan Project, in the Red Lake district of Ontario, Canada.

We started off having Will share the main takeaways from the news release April 18th, where definition drilling was focused on the high-grade South Austin Zone. Drill Hole # MM24D-07-4198-001 intersected 1.1 m @ 68.36 g/t Au, from 74.25m to 75.35m, Including 0.5 m @ 145.44 g/t Au, from 74.85m to 75.35m. Then Drill Hole # MM24D-07-4198-002 Intersected 3.95m @ 13.83 g/t Au, from 7.55m to 11.5m, Including 0.5m @ 105.72 g/t Au, from 7.55m to 8.05m. Just this South Austin Zone alone currently contains an indicated mineral resource of 474,600 ounces grading 8.7 grams per tonne gold, with an additional Inferred resource of 31,800 oz grading 8.7 g/t Au. The purpose of this drilling was definition within South Austin to continue building an inventory of high-confidence ounces for eventual restart of the Madsen Mine.

Next we discussed how the exploration strategy at Madsen has been focused at the North Austin Zone, the Main Austin Zone, and the South Austin Zone because it is the ideal mineralized area to exploit in a mining restart scenario in the second half of 2025. We also review the potential at depth at Madsen with both the South Austin Zone still open, and then some underground drilling work planned for this summer at the 8-Zone, underneath the McVeigh Zone. Underground drilling of these targets will allow the exploration team to follow up on these areas with more accuracy, and much more efficient holes, than trying to drill from surface as prior operators had done. There will be a lot of exploration work and metallurgical testing completed at the Madsen Gold Project this year, further derisking and delineating the project, to optimize a potential mine restart next year.

Lastly, Will mentions that the next phase of drilling will be commencing at the Rowan Property in a couple months, following up on last year’s drilling, and testing a number of new targets at this growing resource area; that will augment the larger Madsen Mine restart plan.

If you have any follow up questions for the team over at West Red Lake Gold please email us at [e-mail] and [e-mail].

• In full disclosure, Shad is a shareholder of West Red Lake Gold Mines at the time of this recording.

Click here to visit the West Red Lake Gold website and read over the recent news we discussed.