West Red Lake Gold Mines (TSXV: WRLG) has expanded the resource at its Rowan project and tabled a first estimate for the nearby Mount Jamie deposit, adding to the pipeline of high grade satellite ounces it hopes will feed its recently commissioned Madsen mill.
The updated resource estimate for Rowan drew on a focused 37 hole, 6,300 metre conversion drill program and is expected to be folded into a combined Madsen-Rowan pre-feasibility study slated for the second half of the year.
Highlights from the Rowan estimate include:
- Indicated: 754,514 tonnes at 13.03 g/t gold for 334,825 contained ounces
- Inferred: 360,323 tonnes at 15.31 g/t gold for 179,013 contained ounces
The maiden Mount Jamie estimate, covering a deposit roughly two kilometres west of Rowan, breaks down as follows:
- Indicated: 108,775 tonnes at 14.13 g/t gold for 49,407 contained ounces
- Inferred: 92,972 tonnes at 11.97 g/t gold for 35,791 contained ounces
The headline figure was a 70% lift in Rowan’s indicated ounces, up from 196,747 ounces in the July 2025 estimate, while inferred ounces rose 52% from 118,155 ounces. Indicated grade edged up 2% to 13.03 g/t gold. The company pegged the work at C$3.5 million in exploration spending, or about C$17.60 per ounce.
“The updated Rowan MRE reinforces our view that Rowan remains one of the most compelling growth assets within our Red Lake portfolio,” chief executive Shane Williams said, framing the deposit as a future source of high margin ounces within a hub and spoke model centred on the Madsen mill.
Mount Jamie was estimated at a higher 3.80 g/t cutoff than Rowan’s 2.00 g/t, a choice the company said strips out marginal material until further drilling can firm up the deposit. The deposit however will not be included within the planned pre-feasibility study.
West Red Lake Gold Mines last traded at $0.62 on the TSX Venture.
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