West Red Lake Gold Mines

Auf der im Nordwesten der kanadischen Provinz Ontario gelegenen Madsen-Mine hat West Red Lake Gold Mines Ltd. (TSX.V: WRLG, FSE: UJO) zwei ausgesprochen erfolgreiche Bohrungen niedergebracht. Sie durchschnitten 107,61 g/t Gold über eine Länge von 2,5 Meter und 106,99 g/t Gold über eine Länge von 2,35 Meter.
https://www.wallstreet-online.de/nachricht/...sen-mine-durchschnitten

VANCOUVER, British Columbia, Aug. 20, 2024 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF) is pleased to announce the start of a 2024 surface drilling program across its 100% owned Madsen Mine Property located in the Red Lake Gold District of Northwestern Ontario, Canada.

The Company plans to drill up to 10,000 meters (“m”) of NQ diamond drill core testing a number of high-priority targets across the Madsen property that were generated through a systematic evaluation of all available geologic data (Figures 1 & 2). Drill targets were selected based on 1) their position along primary structural trends, 2) proximity to the Russet Lake and Venus ultramafic units, and 3) periodicity along strike of the main Madsen structural corridor relative to known mineralized splays (Fork, McVeigh and North Austin).

The Company recently recognized this periodicity of known mineralized splays along the Madsen structural corridor through an evaluation of deposit-scale structural relationships. The average spacing between these known mineralized splays is approximately 1 kilometer (“km”). Interpretation of the regional aeromagnetic dataset, which was flown in 2014, suggests that additional splays could be present along strike from Madsen to the northeast.

Will Robinson, Vice President of Exploration, stated, “After completing a thorough review of the available geologic data for the Madsen property our team has generated some new exploration concepts and identified a number of highly prospective targets that share characteristics with known resource areas, which suggests the geologic potential for hosting high-grade gold mineralization. We are very excited to test a number of these targets this year with the surface drilling program as we strive to make meaningful discoveries and add value across the Madsen property.”
https://ceo.ca/@globenewswire/...gold-initiates-surface-drill-program  

Nachfolgendes Bild ist aus der Präsentation.
https://westredlakegold.com/wp-content/uploads/...LAke-Gold-08-22.pdf

In Dollar:
Market Cap  140.88 M$

Enterprise Value 130.26 M$
 

... steigen zu wollen, und der Hintergrund dafür sind nach meiner Einschätzung nicht nur die hohen nachgewiesenen Gold-Grades, sondern auch die stark insidermäßig anmutende Aktionärs-Struktur, die ihrerseits ebenfalls auf die hohen Grades zurückgeführt werden kann ...

Die Sache bleibt spannend, also bleibe ich dran !

... wie man ihrer Meldung vom August 27, 2024 at 07:00 am EDT entnehmen kann:

West Red Lake Gold Mines Ltd. reported drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada. - The drill results featured in this news release are focused on the high-grade Austin and McVeigh Zones. - The Austin Zone currently contains an Indicated mineral resource of 914,200 ounces grading 6.9 grams per tonne gold, with an additional Inferred resource of 104,900 oz grading 6.5 g/t Au. - The McVeigh Zone currently contains an Indicated mineral resource of 79,800 oz grading 6.4 g/t Au, with an additional Inferred resource of 14,300 oz grading 6.9 g/t Au. - These results follow-up on the significant intercepts previously announced on August 12, 2024, where drilling returned 107.61 g/t Au over 2.5 meters at Austin and 106.99 g/t Au over 2.35m at McVeigh.

Quelle:  https://www.marketscreener.com/quote/stock/...-12M-At-Austi-47740194/ ...

West Red Lake Gold
Provides Madsen Mine
Restart Activities Update
September 04, 2024 at 03:30 am EDT:

HIGHLIGHTS DER ZONE AUSTIN:
>> Bohrloch MM24D-12-4791-020 durchteufte 4 m @ 54,19 g/t Au, von 32 m bis 36 m,
einschließlich 1 m @ 215,61 g/t Au, von 33 m bis 34 m.
>> Bohrloch MM24D-12-4791-026 durchteufte 3,53 m @ 23,73 g/t Au, von 27,50 m bis 31,03 m,
einschließlich 1 m @ 79,81 g/t Au, von 30,03 m bis 31,03 m.
>> Bohrloch MM24D-12-4791-023 durchteufte 3 m @ 24,49 g/t Au, von 32 m bis 35 m,
einschließlich 1 m @ 71,02 g/t Au, von 33 m bis 34 m; UND
>> Bohrloch MM24D-12-4791-041 durchteufte 6 m @ 11,65 g/t Au, von 35 m bis 41 m,
einschließlich 1 m @ 10,86 g/t Au, von 36 m bis 37 m,
darunter zudem 1,05 m @ 47,27 g/t Au, von 39,95 m bis 41,00 m.
>> Bohrloch MM24D-12-4791-035 durchteufte 3,2 m @ 15,84 g/t Au, von 38,8 m bis 42,0 m,
einschließlich 2 m @ 24,32 g/t Au, von 39,4 m bis 41,4 m.
>> Bohrloch MM24D-12-4791-002 durchteufte 4,8 m @ 9,95 g/t Au, von 26,2 m bis 31,0 m,
einschließlich 0,87 m @ 10,47 g/t Au, von 26,20 m bis 27,07 m,
darunter auch 0,52 m @ 43,08 g/t Au, von 29,82 m bis 30,34 m.
>> Bohrloch MM24D-12-4791-023 durchteufte auch 3,15 m @ 15,06 g/t Au, von 20,35 m bis 23,50 m, einschließlich 0,88 m @ 22,62 g/t Au, von 21,12 m bis 22,00 m,
darunter auch 0,98 m @ 20,20 g/t Au, von 22,52 m bis 23,50 m.

Shane Williams, President & CEO, sagte:  "Die tieferen Bereiche der Zone Austin liefern weiter sehr positive Resultate, während wir die Infill-Bohrprogramme voranbringen und unser Vertrauen in diese Gebiete der Mine erhöhen. - Aufgrund der begrenzten Erschließung unter Tage konnten die beiden früheren Betreiber nur Bereiche der Lagerstätte Madsen bis in eine Tiefe von ungefähr der Ebene 9 erreichen. - Wir sind sehr begeistert, weiter Zugang zu tiefergelegenen Bereichen der Lagerstätte zu erhalten, welche historisch in einem Zeitraum abgebaut wurden, als Gold nur einen Wert von 20 - 40 $ pro Unze hatte. - Dies hatte sehr selektive Abbaupraktiken zur Folge, die nur auf den Kern des Systems abzielten - was eine Großmenge an Mineralisierung zurückließ, welche nach heutigem Standard als hochgradig angesehen würde. - Bei Goldpreisen von mittlerweile über 2.500 US$/oz machen wir vollen Gebrauch von diesem übergebliebenen Material und sehen jede Menge Potenzial in der Tiefe bei Madsen" ....

Source / Link / Quelle dieses Ausschnitts:

... und zwar vom 12-SEP-2024, also von heute:

... zunächst aber im bereits begonnenen Test-Mining-Betrieb, insgesamt 20'000 Tonnen:

... alten Madsen-Mine berichtet übereinstimmend auch diese Quelle von heute auf Deutsch, dass dieselbe in Form des bereits laufenden und von vier Seiten angreifenden Test-Mining's geschieht, welches aber zunächst nur 4 mal 5'000 Tonnen (also insgesamt 20'000 Tonnen) ausbrechen soll:

https://www.irw-press.at/prcom/images/messages/2024/76877/WestRedLake_190924_DEPRCOM.001.png ...

... Abbildung 2, eine orthogonale Ansicht des Abbaugebiets Austin 1099/1100, welche die geplanten Lagergänge (blau), Strossen (hellgrün) und den Zugang (dunkelgrün) zeigt:

... Abbildung 3, welche auch die 3 im Konzessions-Gebiet liegenden Past-Producers aufführt:

... and 18.46 g/t Au over 11.2m at South Austin, Madsen Mine.  --  Quelle von HEUTE:
https://westredlakegold.com/...ver-11-2m-at-south-austin-madsen-mine/

>> Hole MM24D-08-4447-035 Intersected 4.48m @ 49.39 g/t Au, from 114.91m to 119.39m, Including 2.5m @ 76.51 g/t Au, from 116.0m to 118.5m.

>> Hole MM24D-08-4447-025 Intersected 11.2m @ 18.46 g/t Au, from 106.0m to 117.2m, Including 4m @ 34.41 g/t Au, from 107m to 111m, Also including 0.5m @ 10.21 g/t Au, from 113.0m to 113.5m, Also including 1.5m @ 32.13 g/t Au, from 114.5m to 116.0m.

>> Hole MM24D-08-4447-033 Intersected 1.74m @ 74.92 g/t Au, from 100.26m to 102.00m.

>> Hole MM24D-08-4447-028 Intersected 4m @ 20.63 g/t Au, from 118.5m to 122.5m, Including 0.7m @ 95.59 g/t Au, from 120.3m to 121.0m.

>> Hole MM24D-08-4447-019 Intersected 6.3m @ 12.38 g/t Au, from 105.0m to 111.3m, Including 1m @ 31.39 g/t Au, from 106m to 107m, Also including 2m @ 17.19 g/t Au, from 108m to 110m.

>> Hole MM24D-08-4447-014 Intersected 3.3m @ 15.69 g/t Au, from 74.05m to 77.35m, Including 0.8m @ 39.93 g/t Au, from 75.0m to 75.8m, Also including 0.5m @ 19.43 g/t Au, from 76.85m to 77.35m.

>> Hole MM24D-08-4447-016 Intersected 5m @ 9.16 g/t Au, from 89m to 94m, Including 1m @ 35.00 g/t Au, from 89m to 90m.

>> Hole MM24D-08-4447-023 Intersected 2.2m @ 19.05 g/t Au, from 111.7m to 113.9m, Including 1.65m @ 22.77 g/t Au, from 112.25m to 113.90m.

>> Hole MM24D-08-4447-020 Intersected 6.5m @ 6.19 g/t Au, from 105.0m to 111.5m, Including 0.5m @ 21.81 g/t Au, from 110.5m to 111.0m.

Quelle: Dieselbe wie im vorstehenden Beitrag.

... Bericht dazu ist von heute, 2024-OCT-02:

West Red Lake Gold Intercepts 44.17 g/t Au over 1.3m and 20.63 g/t Au over 0.5m at Upper 8 Target – Madsen Property

West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF) is pleased to report initial drill results from the Upper 8 Target (“Upper 8”) from its 100% owned Madsen Property located in the Red Lake Gold District of Northwestern Ontario, Canada.

The drill results featured in this news release are focused on the Upper 8 target, which is a shallower geologic analog to the well known high-grade 8-Zone. The Upper 8 target is hosted within the same lithologic unit (Russet Lake Ultramafic) approximately 750m up-plunge from the main 8-Zone deposit (Figure 3). Its location in ultramafic rocks, its style of mineralization, and its exceptionally high grades make the 8 Zone geologically unique from the main Madsen deposit. The 8 Zone currently contains an Indicated mineral resource of 87,700 ounces (“oz”) grading 18 grams per tonne (“g/t”) gold (“Au”), with an additional Inferred resource of 18,200 oz grading 14.6 g/t Au.

Source / Link / Quelle dieses Ausschnitts:  https://westredlakegold.com/...-5m-at-upper-8-target-madsen-property/ ...

... in ihrer neuesten Mitteilung vom heutigen 08-OCT-2024 (October 08, 2024 at 03:30 am EDT):

West Red Lake Gold Mines Ltd. Reports Drill Results from Its 100% Owned Madsen Mine Located in the Red Lake Gold District of Northwestern Ontario, Canada

West Red Lake Gold Mines Ltd. reported drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada. The drill results featured in this news release are focused on the high-grade South Austin Zone, which currently contains an Indicated mineral resource of 474,600 ounces ("oz") grading 8.7 grams per tonne ("g/t") gold ("Au"), with an additional Inferred resource of 31,800 oz grading 8.7 g/t Au. The purpose of this drilling was definition within priority areas of South Austin to continue building an inventory of high-confidence ounces to support the restart of production at the Madsen mine, which is expected to commence in second half of 2025.

The Company expects to complete a pre-feasibility study in support of that restart goal in the coming months. Hole MM24D-08-4447-040 Intersected 3.12m @ 37.09 g/t Au, from 126.88m to 130.00m, Including 0.62m @ 174.28 g/t Au, from126.88m to 127.50m, also including 0.5m @ 10.74 g/t Au, from 127.5m to 128.0m. Hole MM24D-4447-042 Intersected 2.76m @ 18.11 g/t Au, from 89.24m to 92.00m, Including 1m @ 42.01 g/t Au, from 91m to 92m.

Source / Link / Quelle dieses Ausschnitts:
https://www.marketscreener.com/quote/stock/...ated-in-the-R-48021521/ ...

https://westredlakegold.com/...ate-on-madsen-mine-restart-activities/

West Red Lake Gold Provides Update on Madsen Mine Restart ActivitiesWest Red Lake Gold Mines Ltd. (“West Red Lake Gold” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF) is pleased to provide an update on restart readiness activities at the Madsen Mine project in Red Lake, Ontario.

“Advancing multiple projects and goals simultaneously in preparation for restart means the Madsen Mine site is a busy place,” said Shane Williams, President and CEO. “The tailings dam lift is now complete and came in ahead of schedule and under budget, which is a great example of how strong alignment and effective communication between contractors, site personnel, and management can yield positive results. This accomplishment sets the standard for delivery of all projects at the Madsen operation as we move through the redevelopment phase and towards our goal of a full mine restart next year.

“We look forward to issuing a pre-feasibility study in the coming weeks and then pushing ahead to an official restart decision.”

Und wer das weitere Interessante lesen will, clickt halt auf den oben angebenen Link ...

... from NOV-30 to DEC-31-2024. - Nachricht von November 21, 2024 at 03:02 am EST:

West Red Lake Gold Mines Ltd. Announces Changes
to Its Fiscal Year-End from November 30 to December 31

West Red Lake Gold Mines Ltd. announced that it has changed its fiscal year-end from
November 30 to December 31: https://www.marketscreener.com/quote/stock/...0-to-December-48425989/ ...

November 21, 2024

West Red Lake Gold Defines New High-Grade Shoot at Upper 8 Target – Madsen Property

West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF) is pleased to report additional drill results from the Upper 8 Target (“Upper 8”) at its 100% owned Madsen Property located in the Red Lake Gold District of Northwestern Ontario, Canada.  ---  Und im Text weiter geht es dann dort:

https://westredlakegold.com/...oot-at-upper-8-target-madsen-property/

January 2, 2025

West Red Lake Gold Closes US$35-Million Credit Facility with Nebari
and Announces Drawdown of US$15 Million:

https://westredlakegold.com/...nd-announces-drawdown-of-us15-million/ ...