West Red Lake Gold Mines Ltd. [TSXV-[TSXV-WRLG; OTC-WRLGF]reported last drill arises from the 2023 drilling project at its 100%-owned Rowan residential or commercial property situated in the Red Lake Gold District of northwestern Ontario, Canada.
“The West Zone at Rowan is a location that was traditionally mined,” Will Robinson VP of Exploration informed Guy Bennett, CEO of Global Stocks News (GSN). “We drilled 80 metres underneath the most affordable level of historical operations and struck 4.0 metres at 9.5 g/t gold, showing that mineralization continues at depth.”
“In the East Zone, there seems uneven folding that doubles up and thickens the mineralized zones, providing magnificent intercepts. The West Zone is most likely along the limb of a deposit-scale fold,” included Robinson. “This kind of gold system needs comprehensive drilling to properly specify and grow it. The West Zone presently has a low drill density. We are going to explore it even more in 2024.”
The business’s flagship property– The Madsen Gold Mine– is financial obligation complimentary, totally allowed, with a new 800+ tonne daily mill, a tailings and water treatment center.
The Rowan Gold Project is 15 km as the crow flies from the Madsen mill. WRLG is checking out synergies in between the top-quality resources at Rowan and the Madsen mill.
Existing drilling at Rowan has actually checked the gold-grade to a depth of around 550 metres. The Red Lake Mining District is understood to host ore bodies that extend down to +4 km depth.
The Rowan drill holes highlighted in the January 17, 2024 press release were concentrated on infilling spaces in the geologic design in between the East and West Zones, in addition to infill and growth at depth on the West Zone ore shoot.
The majority of the historical production at the Rowan Mine was from the West ore shoot location– generally focused on Veins 103 & & 104. Especially, hole RLG-23-177 achieved success in obstructing 4.0 m of 9.5 g/t Au roughly 80m below the historical operations, showing the down-plunge capacity that still exists in the West Zone.
Emphasizes: Intersected 4.0 m of 9.5 g/t Au from 212m to 216m, consisting of 0.75 m of 25.20 g/t Au, from 212m to 212.75 m, likewise consisting of 1.1 m of 13.0 g/t Au, from 213.25 m to 214.35 m.
Converged 2.7 m of 3.66 g/t Au, from 211m to 213.7 m, Including 0.7 m of 13.41 g/t Au, from 213m to 213.7 m; and 3.6 m of 3.13 g/t Au, from 221m to 224.6 m, consisting of 0.5 m of 20.01 g/t Au, from 223.6 m to 224.1 m; and 9.0 m of 3.25 g/t Au, from 255m to 264m, consisting of 0.5 m of 51.67 g/t Au, from 259.9 m to 260.4 m.
Converged 1.0 m of 12.21 g/t Au, from 185m to 186m; and 2.0 m of 10.84 g/t Au, from 406m to 408m, consisting of 0.5 m @ 42.60 g/t Au, from 406m to 406.5 m.
Converged 1.0 m of 16.19 g/t Au, from 420m to 421m, Including 0.5 m of 31.65 g/t Au, from 420.5 m to 421m.
Converged 3.5 m of 3.22 g/t Au, from 92.5 m to 96.0 m, consisting of 0.55 m of 15.90 g/t Au, from 93.95 m to 94.50 m; and 2.0 m of 6.09 g/t Au, from 203m to 205m, consisting of 0.6 m of 19.99 g/t Au, from 203.7 m to 204.3 m.
Converged 0.5 m of 17.78 g/t Au, from 218.5 m to 219m. Converged 1.5 m of 3.93 g/t Au, from 281m to 282.5 m, consisting of 0.5 m of 10.68 g/t Au, from 282m to 282.5 m.
“The work finished at Rowan throughout 2023 was driver abundant, and not just showed the top-quality development capacity of the deposit, however likewise our dedication to sustainable expedition and advancement in Red Lake,” specified Shane Williams, President & & CEO.
“Working towards a reboot situation at the Madsen Mine will stay the main focus for our group in 2024 however we are likewise extremely thrilled about the expedition capacity we see in the district and anticipate upgrading our investors on ongoing expedition successes and Company turning points throughout the year,” included Williams.
“Overall gold extraction at Madsen is above 98%,” validated Robinson. “We’ve shown that the Rowan product can be processed at the Madsen mill, utilizing the exact same circulation sheets.”
“The high portion of gold that has the ability to be drawn out by means of gravity approaches additional increases our self-confidence in the Rowan Deposit as a future source of top-quality, quickly recoverable gold ounces that might possibly include a considerable increase to the general production profile at Madsen,” included CEO Shane Williams.