FULL DISCLOSURE: This is sponsored content for West Red Lake Gold.
Initial results are in from drilling at the Rowan Property, which is operated by West Red Lake Gold Mines (TSXV: WRLG). The results come from an ongoing phase one exploration program.
Initial results are said to be in-line with expectations, with the results confirming the current geologic model while bolstering the existing resource.
Sponsored · Mercado Minerals Ltd.
“This impressive first round of assays from the Phase 1 drilling program at the Rowan Property confirmed and expectations based on the numerous accounts of mineralization observed in drill core by our geologic team. The high-grade nature of gold mineralization at the Rowan Mine continues to impress and will undoubtedly make for an exciting drilling program as we continue to advance this high priority asset in 2023,” commented CEO Tom Meredith on the results.
Highlights from the results include:
- RLG-23-131: 1.1 metre of 68.46 g/t gold, from 88 metres
- RLG-23-132: 5.5 metres of 13.21 g/t gold from 68 metres
- RLG-23-134: 8.0 metres of 10.34 g/t gold, from 71 metres
- RLG-23-139: 1.1 metres of 48.04 g/t gold, from 21 metres
Drilling in 2023 has so far seen 2,314 metres conducted at the Rowan Mine area of the property via 14 holes, while a further 2 holes for 780 metres in aggregate have been conducted at the Red Summit NE area. A further 4,000 metres of drilling is slated to occur between now and the end of June 2023, which will focus on infill and expansion drilling of the Rowan Mine resource area.
Once the phase 1 drill program is complete, a phase 2 program will begin that is to consist of 10,000 metres of further drilling. That program is to focus on newly developed targets as well as build on work conducted under the first phase program.
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“While Rowan is going to remain the focus of near term drilling our team is seeing a lot of potential at the mostly untested Red Summit target area, and we look forward to returning to this area for additional drilling later in the season,” continued Meredith.
West Red Lake Gold last traded at $0.64 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.
