West Red Lake Gold (WRLG.V) High Grade Drill Results Confirm Geological Modeling at Rowan

Oct 13, 2023

Key Takeaways

West Red Lake Gold Mines has reported additional drill results from its Rowan Property in the Red Lake Gold District of Northwestern Ontario, Canada.
The company's flagship asset, The Madsen Gold Mine, is debt-free, fully permitted, and equipped with a new mill.
The Rowan Gold Project, located near the Madsen mill, is another asset owned by West Red Lake Gold Mines.
Recent drilling at the Rowan Mine Target area has confirmed the continuation of mineralization at depth and along strike, with grades consistent with or higher than those outlined in the current Inferred Mineral Resource.
The drilling program aims to validate historical data, infill apparent gaps in the data set, and expand the existing high-grade mineral resource.

Following on the heels of the highest-grade intercept ever drilled across the Rowan Property, the team successfully intercepted what is believed to be the same high-grade zone approximately 80 metres down-dip

Vancouver, British Columbia, Canada - October 13, 2023 —

Global Stocks News – In a press release dated October 11, 2023, West Red Lake Gold Mines (TSXV:WRLG) (OTC:WRLGF) reported additional drill results from its 100% owned Rowan Property located in the prolific Red Lake Gold District of Northwestern Ontario, Canada.

The company’s flagship asset - The Madsen Gold Mine – is debt free, fully permitted, with a brand-new 800+ tonne per day mill, a tailings and water treatment facility. [1.]

Their 100% wholly owned Rowan Gold Project is the company’s other asset, located approximately 15 kilometers as the crow flies from the Madsen mill. WRLG believes there are synergies between the high-grade resources at Rowan and the Madsen mill.

October 11, 2023 Drilling Highlights:

·Hole RLG-23-166B Intersected 2 metres @ 45.20 g/t Au, from 297m to 299m; and 4 metres @ 6.78 g/t Au, from 191m to 195m.
·Hole RLG-23-164 Intersected 0.5 metres @ 101.60 g/t Au, from 204.5m to 205m; and 1.35 metres @ 33.47 g/t Au, from 131m to 132.35m.
·Hole RLG-23-159 Intersected 2.3 metres @ 12.81 g/t Au, from 262.85m to 265.15m; and 2.1 metres @ 12.43 g/t Au, from 247.4m to 249.5 m.
Hole RLG-23-169 Intersected 1.5m @ 14.61 g/t Au, from 506m to 507.5m, Including 0.5m @ 42.62 g/t Au from 506m to 506.5m.

WRLG CEO Shane Williams has designed, built and operated mines (open pit and underground) in Greece, Turkey and Canada - for Skeena Resources, Eldorado Gold and Rio Tinto. He has a stellar track record of moving mineral assets into production.

“We are seeing continuation of the mineralization at Rowan,” Williams told Guy Bennett, CEO of Global Stocks News (GSN). “From Veins 100 and 101 in particular, we are getting good hits. My geological team is excited about the potential of these veins as we move forward.”

“Following on the heels of the highest-grade intercept ever drilled across the Rowan Property, the team successfully intercepted what is believed to be the same high-grade zone approximately 80 metres down-dip,” stated Williams.

“This represents one of the deepest holes drilled within the high-grade East Zone and bodes well for future expansion opportunity at Rowan as the team continues to extend this highly prospective mineralized vein zone at depth and along strike.”

“The drilling completed at the Rowan Mine Target in 2023 has been focused on validating historical data across the Inferred Resource, and also infilling apparent gaps in the analytical data set which was a product of very selective sampling techniques implemented during previous drilling campaigns,” stated WRLG.

“Assay results received from the 2023 drilling program continue to confirm our thesis that quartz veining and gold mineralization continue at depth and along strike, with grades consistent with, or higher than those outlined in the current Inferred Mineral Resource which remains open in all directions”.

“For example, the 100 Vein Zone – which is the furthest north vein currently modeled within the overall Rowan vein corridor – was previously interpreted to be a lower grade portion of the block model. Recent drilling has confirmed that higher grades are present within the 100 Vein Zone below 150 metre elevation, suggesting that gold grades are increasing at depth within this zone which is a trend that has been observed elsewhere in the Red Lake district”

Drilling at the Rowan Mine Target area will continue with an emphasis on infill and expansion of the existing high-grade mineral resource.

“Originally, Rowan started as an early-stage exploration project,” Williams told GSN. “It was a narrow vein, high grade deposit. As we advance the drill program, we're getting deeper into the system. It's opening up and exceeding our initial expectations. We've drilled good holes higher in the deposit. The October 11, 2023 press release reports good gold values deeper down.”.

“We are seeing continuation of mineralization,” continued Williams. “We believe it is growing into a bigger deposit. We no longer think of it as a small satellite deposit, but potentially a significant feed source for our Madsen project.”

A total of 42 diamond drill holes for 15,772m have been completed so far in 2023 at the Rowan Mine target. Fire and metallic screen assays have been returned for 35 out of 42 holes completed, with 2 holes having partial assay results and 5 holes pending assays and QAQC.

“I have enjoyed working on greenfield projects, but my deepest expertise and passion is building bridges between advanced exploration and production,” Williams told GSN. “Financing, permitting, mine design, mine optimisation - that’s my bread and butter. We have a assembled a world class team. That is what we are all focused on: putting the Madsen Gold Project back into production.”

References:

1. SRK Consulting. (2021). Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada (West Red Lake Gold Mines, Ed.) [Review of Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada. https://www.globenewswire.com/en/news-release/2022/08/10/2495601/0/en/PureGold-Announces-Updated-Mineral-Resource-Estimate-for-PureGold-Mine.html

[email protected]

Full Disclaimer

Contact Info:
Name: Guy Bennett
Email: Send Email
Organization: Global Stocks News
Website: http://www.globalstocksnews.com

Release ID: 89110141

In the event of encountering any errors, concerns, or inconsistencies within the content shared in this press release, we kindly request that you immediately contact us at [email protected]. Our dedicated team will be readily accessible to address your feedback within 8 hours and take appropriate measures to rectify any identified issues or facilitate press release takedowns. Ensuring accuracy and reliability are central to our commitment.

Unbeaten 49ers edge Seahawks while Vikings stay perfect

LONDON, United Kingdom — San Francisco scored three touchdowns off Seattle turnovers and the unbeaten 49ers edged the reigning Super Bowl champions 32-29 on Sunday while Minnesota improved to 5-0 as well. Eddy Pineiro's 44-yard field goal with 1:56 remaining gave the 49ers the final margin and San Francisco's defense forced a turnover on downs with 47 seconds remaining to beat their NFC West division rival. Thirty-eight points -- 21 by the Niners -- scored off seven turnovers, four by Seattle, were the most in an NFL game since 2017. Mike Evans caught seven passes for 113 yards, including a two-yard touchdown toss from Brock Purdy after a Renardo Green interception and a crucial two-point conversion. "Toughness and heart," Evans said. "We've got a locker room full of those guys. We knew it was going to be a dogfight. They're a great team. We showed we're a great team as well." Fred Warner knocked lose a fumble by Emanuel Wilson that Malik Mustapha recovered one play before Christian McCaffrey ran for a San Francisco touchdown. Gracen Halton recovered a George Holani fumble in the end zone to give the 49ers a 21-13 halftime lead. Seattle's Nehemiah Pritchett picked off Purdy to set up Sam Darnold's 16-yard touchdown pass to Jaxson Smith-Njigba to give Seattle a 23-21 lead. Purdy flipped a seven-yard touchdown pass to Brandin Cooks and the conversion to Evans for a 29-26 49ers' lead, only for Jason Myers to equalize from 40 yards on his fifth field goal, setting up the final drama. The Minnesota Vikings stayed undefeated with a 23-13 triumph at New Orleans. Justin Jefferson snagged a superb touchdown catch under triple coverage and Aaron Jones ran for 113 yards and a touchdown for the Vikings. Also undefeated are the Kansas City Chiefs (4-0), who are idle this week. An epic overtime blunder by Washington resulted in a 27-27 tie with the New York Giants. After recovering a Giants fumble deep in Washington territory, the Commanders made a final drive, but Jayden Daniels was stopped on a late run rather than throwing an incompletion to halt the clock. Washington, with no timeouts, could not prevent time from running out before setting up a field goal attempt. "Leaving with a tie feels like a loss," said Commanders coach Dan Quinn, whose team led 27-13. "We have to stop the clock," Daniels said. "Ultimately, it's on me." Cam Little kicked a 57-yard field goal on the final play to give Jacksonville a 19-17 victory over Philadelphia in London. Jake Elliott booted a 48-yard field goal with eight seconds remaining to lift Philadelphia ahead 17-16, but Ameer Abdullah raced 53 yards on the ensuing kickoff return and was tackled with one second remaining to set up Little's kick. "It was just a roller coaster," Jaguars quarterback Trevor Lawrence said. "It was pretty crazy." The Green Bay Packers thumped arch-rivals Chicago 31-7 as Jordan Love completed 25-of-31 passes for 367 yards and two touchdowns and the Bears surrendered five turnovers. New England routed visiting Las Vegas 45-17 as Drake Maye completed 26-of-34 passes for 374 yards and four touchdowns and ran for another score. Aaron Rodgers threw for 235 yards and three touchdowns as host Pittsburgh beat Indianapolis 34-22. Texans get Harrison Detroit's Jared Goff threw for 271 yards and three touchdowns and ran for another while Jahmyr Gibbs ran for 151 yards and two touchdowns in Detroit's 45-21 romp at Arizona. Braelon Allen ran for 116 yards and the winning fourth-quarter touchdown to power the New York Jets over Cleveland 17-12. Bo Nix threw for one touchdown and J.K. Dobbins ran for another as visiting Denver beat the winless Los Angeles Chargers 23-17. The Houston Texans, who landed receiver Marin Harrison in a trade with Arizona, snapped their winless streak with a 26-3 victory over Tennessee. The hapless Titans sank to 0-5 as did the Miami Dolphins, who fell 31-24 to the Cincinnati Bengals.