West Red Lake Gold Hits 70.80 g/t Gold Over 8.3 Metres
FULL DISCLOSURE: This is sponsored content for West Red Lake Gold.
West Red Lake Gold Mines (TSXV: WRLG) has set a new record in terms of gold intercepts at its Rowan Property, found in the Red Lake region of Ontario.
Hole RLG-23-163B has reportedly intercepts 70.80 g/t gold over 8.3 metres at a depth of 387 metres, the largest intercept to date at the property. The results include an intercept of 13.46 g/t gold over 0.5 metres from 389 metres, as well as 1,120.19 g/t gold over 0.5 metres from 393.5 metres.
“There are very few places in the world where the geologic conditions exist to produce an intercept of this calibre, and the Red Lake district has demonstrated time and again that it is most definitely one of them. [..] Our team is confident that we are only just starting to scratch the surface at Rowan with many more exciting discoveries to come,” commented CEO Shane Williams on the results.
The mineralization was intercepted within Vein Zone 101, which is found in the high-grade East Zone. The intercept was reportedly one of the deeper intercepts encountered at the zone, suggesting the vein could increase in thickness and grade at depth. West Red Lake Gold’s exploration team is said to be following up immediately on this portion of gold mineralization as a result.
The ongoing drill program, originally slated for 17,000 metres but since expanded to 25,000 metres, is expected to be completed by the end of the year. The expansion metres are intended to be used to test the growth potential down-plunge of the highest grade portions of the current resource. To date, drilling has only been conducted to a depth of 550 metres, with all zones remaining open below this level.
READ: West Red Lake Gold Hits 6.27 g/t Gold Over 10.1 Metres
West Red Lake Gold Mines last traded at $0.49 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.
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