Korelin Economics Report

West Red Lake Gold – More Wide High-Grade Gold Intercepts Returned From North Austin Zone

Will Robinson, VP of Exploration at West Red Lake Gold Mines (TSX.V:WRLG – OTCQB:WRLGF), joins us to review some of the recent wide intercept high-grade gold drill results returned from the North Austin Zone, and to discuss the strategy around trial mining at the Madsen Gold Project, in the Red Lake district of Ontario, Canada.

 

We started off having Will share the main takeaways from the news release July 9th,  about these assay results drilled from underground on the North Austin Zone, which represents a new area of high-grade mineralization extending the current Madsen resource to the northeast. This program was designed to expand the North Austin zone down-plunge and to the northeast. 

 

 

Next we discussed how the exploration strategy at Madsen has been focused at the North Austin Zone, the Main Austin Zone, and the South Austin Zone because it is the ideal mineralized area to exploit in a mining restart scenario in the second half of 2025.  Will shares the main objectives of the trial mining, the confidence they will gain in the grade continuity, and how it will further derisk things for moving into actual mining next year. We also review the potential at depth at Madsen with both the South Austin Zone still open, and then some underground drilling work planned for this Q4 at the 8-Zone, underneath the McVeigh Zone.  Underground drilling of these targets will allow the exploration team to follow up on these areas with more accuracy, and much more efficient holes, than trying to drill from surface as prior operators had done.  There will also be a lot of regional exploration work and metallurgical testing completed at the Madsen Gold Project this year, further derisking and delineating the project, to optimize a potential mine restart next year.

 

  

If you have any follow up questions for the team over at West Red Lake Gold please email us at Fleck@kereport.com and Shad@kereport.com.

 

 

 

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Click here to visit the West Red Lake Gold website and read over the recent news we discussed.

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