FULL DISCLOSURE: This is sponsored content for West Red Lake Gold.
West Red Lake Gold Mines (TSXV: WRLG) released further assays this morning as it continues to explore its Rowan Property in the Red Lake region of Ontario.
The drill program remains ongoing, with the initial 17,000 metre program now having been expanded to 25,000 metres following the success of the program to date. West Red Lake indicated that a total of 37 drill holes have been completed thus far across an aggregate 11,467 metres.
Assays were released for a total of six holes this morning, the highlights from which include:
- RLG-23-153: 2.0 metres of 66.66 g/t gold from 235 metres
- RLG-23-154: 10.1 metres of 6.27 g/t gold from 214.9 metres
- RLG-23-156B: 3.11 metres of 21.84 g/t gold from 275 metres
Drilling to date has only tested to depths of 550 metres, with high grade zones still open below this level. This figure is notable, given that the region is known to host orebodies that extended beyond 4.0 kilometres deep.
READ: West Red Lake Hits 50.52 g/t Gold Over 4.0 Metres At Rowan
The company meanwhile has begun a metallurgical study at Rowan, which will evaluate the potential for synergies between the Rowan property and the Madsen project recently acquired by West Red Lake. Baseline environmental and archaeological assessments have also begun as the company looks to push the project to an advanced exploration permit status.
“Our team is very impressed with the drill results coming out of the Rowan Mine target. What was previously believed to be a very narrow high-grade gold system continues to deliver results that demonstrate real potential for broader zones of high-grade gold mineralization which could prove advantageous for any future mining scenario,” commented CEO Shane Williams on the results.
West Red Lake Gold Mines last traded at $0.59 on the TSX Venture.
FULL DISCLOSURE: West Red Lake Gold Mines is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of West Red Lake Gold Mines. The author has been compensated to cover West Red Lake Gold Mines on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
