West Red Lake Gold Mines (CSE: RLG) reported after the bell last night that it has begun its fourth drill program focused on the NT zone at its Rowan Property, located in Red Lake, Ontario. The initial phase of the program is to consist of 4,000 meters of drilling.
Drilling has begun already on site, with operations slated to continue through to November. The current schedule calls for twelve holes and the initial 4,000 metres to be drilling during the time, after which a pause on drilling will take place for the month of December. Drilling is then to recommence in January on site.
Currently, drilling is focused on targeting below positive results from the prior programs conducted within the zone, as well as further along strike to the northeast. The two kilometre long NT zone currently remains open, with the zone currently marked as being 100 metres wide. Notably, the zone, which enters the property from the south, recently saw Trillium Gold Mines hit gold values as high as 15.41 g/t gold over 7.05 metres just south of the Rowan property line.
Planned drilling is currently slated to take place 800 meters south of the 43-101 gold deposit known as the Rowan Mine gold deposit. The deposit currently contains 1,087,700 inferred ounces of gold, with an average grade of 7.57 g/t.
“We are increasing the amount of drilling on the West Red Lake Project to continue the expansion of property gold mineralization. We believe the project has a potential which may be multiples of the mineral resource outlined to date. Ongoing drilling in 2020 and 2021 is planned for expansion of gold zones and new discoveries.”
John Kontak, CEO
West Red Lake Gold Mines last traded at $0.12 on the CSE.
FULL DISCLOSURE: West Red Lake Gold Mines Inc is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover West Red Lake Gold Mines Inc on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
