FULL DISCLOSURE: This is sponsored content for West Red Lake Gold.
Additional drill results have been released this morning by West Red Lake Gold (TSXV: WRLG). The results come from an ongoing drill program at the Rowan Property, found in the Red Lake district of Ontario.
“Several drill intercepts received to date have returned assay results at higher grades than those in the existing Inferred resource block model. We look forward to updating the Rowan mineral resource, which currently hosts Inferred resources of 827,462 ounces at 9.2 g/t gold,” commented CEO Shane Williams.
Highlights from the results include:
- RLG-23-133: 0.4 metres of 104.98 g/t gold
- RLG-23-144: 0.5 metres of 74.36 g/t gold
- RLG-23-145: 2.0 metres of 10.53 g/t gold
- RLG-23-146: 2.8 metres of 20.90 g/t gold, 1.35 metres of 16.34 g/t gold
“With the acquisition of the Madsen Gold Project, the Company has secured the necessary infrastructure, potentially accelerating the production timeline for Rowan, which is situated within trucking distance from the Madsen Mill,” continued Williams.
READ: West Red Lake Gold Closes On Madsen Gold Project, Appoints Tony Makuch To Board
The ongoing phase 1 exploration program to date has seen 6,063 metres in aggregate drilled across 23 holes, with assays having been returned for 19 holes to date. A further 1,000 metres are planned under the current program, with the program expected to wrap up in early July. A 10,000 metre phase two drill program is expected to follow the current program immediately upon completion, with drilling to focus on infill and expansion of the current resource estimate.
West Red Lake has also begun a metallurgy study to evaluate if gold mineralization at Rowan is able to be separate via gravity separation, which could lead to synergies with the recently acquired Madsen property. A geotechnical study is also set to take place to better understand the mineralized vein zones at Rowan.
West Red Lake Gold last traded at $0.75 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.
