FULL DISCLOSURE: This is sponsored content for West Red Lake Gold.
West Red Lake Gold Mines (TSXV: WRLG) is expanding its ongoing exploration program at its Rowan Property following positive results seen under the current drill program.
The ongoing drill program, sized at 17,000 metres, has been expanded to 25,000 metres following positive assays seen under the program. The company has indicated that it continues to “deliver intercepts with exceptional gold grades over significant widths,” resulting in the program expansion. Baseline environmental and archaeological studies meanwhile are now underway as the company works to move the project forward.
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Highlights from recent drilling include:
- RLG-23-149B: 50.52 g/t gold over 4.0 metres, including 371.08 g/t gold over 0.5 metres
- RLG-23-150: 15.40 g/t gold over 4.2 metres, including 63.76 g/t gold over 1.0 metres
- RLG-23-152: 10.41 g/t gold over 4.2 metres, including 78.97 g/t gold over 0.5 metres
READ: West Red Lake Hits 104.98 g/t Gold Over 0.4 Metres At Rowan Property
“The Rowan Mine target continues to deliver spectacular results with every hole drilled. Our team is very encouraged not only by the exceptional grades we are seeing come out of Rowan, but also the overall thickness in a few of the intercepts which suggests very real potential for a future underground mining scenario,” said CEO Shane Williams.
34 drill holes have been completed to date under the current program, for an aggregate 9,183 metres. Assays have been returned for 21 of those holes, with a further ten still awaiting results.
Metallurgical studies meanwhile are now underway to study whether mineralization at Rowan is amenable to gravity separation, with synergies potentially existing between the firms Madsen and Rowan properties.
West Red Lake Gold last traded at $0.70 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.
