West Red Lake Gold Mines Ltd. (“West Red
Lake Gold” or “WRLG” or the “Company”) (TSXV:WRLG)
(OTCQB: WRLGF) is pleased to announce the
following update from the 2023 exploration drilling program on its
100% owned Rowan Property located in the prolific Red Lake Gold
District of Northwestern Ontario, Canada. Hole RLG-23-163B
intersected
70.80 grams per tonne (“g/t”) gold
(“Au”) over
8.3 metres (“m”), including
1,120.19 g/t Au over
0.5 m.
This hole represents the highest-grade
intercept ever drilled across the Rowan Property and is a
testament to the continued success our exploration team is
achieving with the 2023 drilling campaign. The drill program at
Rowan has already been expanded from 17,000 m to 25,000 m, and
these results only further validate the team’s commitment to the
Rowan asset.
HIGHLIGHTS:
- Hole RLG-23-163B
Intersected 8.3m @ 70.80 g/t Au in Vein Zone 101
from 387 m to 395.3 m, including 0.5 m @ 13.46 g/t
Au from 389 m to 389.5 m, 0.5 m @ 1,120.19 g/t
Au from 393.5 m to 394 m and 0.6 m @ 29.64 g/t
Au from 394.7 m to 395.3 m.
- This represents the
highest-grade intercept ever drilled across the Rowan
Property.
- The location of the pierce point on
Vein 101 represents one of the deeper intercepts drilled within the
high-grade East Zone which could be indicating that the vein system
is increasing in grade and thickness with depth.
- The exploration team is immediately
following up on this success to further define this extremely
high-grade and thick portion of gold mineralization within the
already impressive East Zone at Rowan.
Figure 1. Impressive visible gold
showing within intercept grading 1,120.19 g/t Au. Diamond drill
core in this photo is NQ diameter (47.6 millimeters).
Shane Williams, President & CEO, stated,
"There are very few places in the world where the geologic
conditions exist to produce an intercept of this calibre, and the
Red Lake district has demonstrated time and again that it is most
definitely one of them. Our exploration team has already been
immensely successful with the drilling program at the Rowan Mine
target in 2023, and the spectacular drill results highlighted in
this news release only emphasize the upside that still exists at
Rowan. Our team is confident that we are only just starting to
scratch the surface at Rowan with many more exciting discoveries to
come.”
The high-grade mineralized vein zones
encountered at the Rowan Mine target area (the “Rowan Mine Target”)
continue to exceed expectations, confirm the geologic model, and
further improve the existing high-grade (9.2 g/t Au) 827,462 ounce
Inferred Mineral Resource at the Rowan Mine. Plan map and sections
for the Rowan Mine drilling outlined in this release are provided
in Figures 2 through 4.
TABLE 1. Significant intercepts (>4 g/t Au) from
RLG-23-163B at the Rowan Mine Target.
Hole ID |
Target |
Zone |
From (m) |
To (m) |
Thick (m)* |
Au (g/t) |
RLG-23-163B |
Rowan Mine |
V102 |
235 |
236 |
1 |
7.42 |
Incl. |
Rowan Mine |
235.5 |
236 |
0.5 |
14.55 |
AND |
Rowan Mine |
V101 |
387 |
395.3 |
8.3 |
70.80 |
Incl. |
Rowan Mine |
389 |
389.5 |
0.5 |
13.46 |
Also Incl. |
Rowan Mine |
393.5 |
394 |
0.5 |
1,120.19 |
Also Incl. |
Rowan Mine |
394.7 |
395.3 |
0.6 |
29.64 |
AND |
Rowan Mine |
V101 (fw) |
403 |
404 |
1 |
4.92 |
*The “From-To” intervals in Table 1 are denoting
overall downhole length of the intercept. True thickness has not
been calculated for these intercepts but is expected to be ≥ 70% of
downhole thickness based on intercept angles observed in the drill
core.
A total of 17,000 m of infill and expansion
drilling was originally proposed for the Rowan Mine target in 2023.
Based on the positive results received to date, the program has
been expanded to 25,000 m and is expected to be completed by year
end 2023. The additional drill meters will be used to continue
de-risking the Rowan Mine resource, and test the growth potential
down-plunge on the highest-grade portions of the resource. Current
drilling at Rowan has only tested mineralization down to a depth of
approximately 550 m. All of the high-grade zones still remain open
below this vertical depth. The Red Lake Mining District is known to
host orebodies that extend down to +4 kilometre (“km”) depth, which
bodes well for the down-plunge growth potential at Rowan.
It is the Company’s belief that potential
synergies could exist between high-grade resources at the Rowan
Mine target area and Madsen. The Company has initiated a
metallurgical study at Rowan to begin evaluating this potential
opportunity, as well as a geotechnical study to better characterize
the rock mass properties within the mineralized vein zones at
Rowan.
In conjunction with infill and expansion
drilling, the Company is also initiating the necessary baseline
environmental and archaeological assessments to begin moving the
project towards an Advanced Exploration Permit status.
FIGURE 2. Deposit-scale plan map of
Rowan Mine Target area showing traces and intercepts for holes
highlighted in this News Release.
TABLE 2: Drill collar summary for hole reported in this
News Release.
Hole ID |
Target |
Easting |
Northing |
Elev (m) |
Length (m) |
Azimuth |
Dip |
RLG-23-163B |
Rowan Mine |
422171 |
5657799 |
366 |
501 |
328 |
-66 |
DISCUSSION
The Rowan Mine Target consists of more than
seven sub-parallel, near-vertical, east-west trending veins that
are currently defined over a strike length of approximately 1.1 km–
mineralization remains open along strike and at depth. The
orientation of the veins at the Rowan Mine tend to follow the
direction of D2 deformation, which is oriented in an east-west
direction over this part of the property. Individual mineralized
veins usually average 1.0 to 1.5 m in thickness, with an overall
thickness of the Rowan vein corridor at around 115 m. Gold
mineralization is typically localized within quartz-carbonate veins
hosted within and along the ‘footwall’ margin of a porphyritic
felsic intrusive, with increased grades often associated with the
presence of visible gold and base metal sulphides (e.g. galena,
sphalerite). High-grade dilation zones or ‘ore chutes’ along the
Rowan vein trend have been recognized as important controls for
localizing thicker and higher-grade zones of gold mineralization.
The position and geometry of these dilation zones is well
understood at Rowan.
The drilling completed at the Rowan Mine Target
in 2023 has been focused on validating historical data across the
Inferred Resource, and also infilling apparent gaps in the
analytical data set which was a product of very selective sampling
techniques implemented during previous drilling campaigns. Assay
results received from the 2023 drilling program continue to confirm
our thesis that quartz veining and gold mineralization continue at
depth and along strike, with grades consistent with, or higher than
those outlined in the current Inferred Mineral Resource which
remains open in all directions. For example, the 100 Vein Zone -
which is the furthest north vein currently modeled within the
overall Rowan vein corridor - was previously interpreted to be a
lower grade portion of the block model. Recent drilling has
confirmed that higher grades are present within the 100 Vein Zone
below 150 m elevation, suggesting that gold grades are increasing
at depth within this zone which is a trend that has been observed
elsewhere in the Red Lake district. Drilling at the Rowan Mine
Target area will continue with an emphasis on infill and expansion
of the existing high-grade mineral resource.
FIGURE 3. Rowan Mine drill section
showing assay highlights for Hole
RLG-23-163B[1].
FIGURE 4. Rowan Mine longitudinal section for Vein 101
showing 2023 intercepts > 4 g/t Au. Assay highlights from
current press release shown in
red[1].
High resolution versions of all the figures contained in this
press release can be found at the following web address:
https://westredlakegold.com/september-12th-news-release-maps/.
Longitudinal sections showing all intercepts
> 3 g/t Au on Veins 101, 102 and 103 can be viewed here:
https://westredlakegold.com/august-1st-news-release-maps/.
QUALITY ASSURANCE/QUALITY
CONTROL
Drilling completed at the Rowan Property
consists of oriented NQ-sized diamond drill core. All drill holes
are systematically logged, photographed, and sampled by a trained
geologist at WRLG’s Mt. Jamie core processing facility. Minimum
allowable sample length is 0.5 m. Maximum allowable sample length
is 1.5 m. Standard reference materials and blanks are inserted at a
targeted 5% insertion rate. The drill core is then cut lengthwise
utilizing a diamond blade core saw along a line pre-selected by the
geologist. To reduce sampling bias, the same side of drill core is
sampled consistently utilizing the orientation line as reference.
For those samples containing visible gold (“VG”), a trained
geologist supervises the cutting/bagging of those samples, and
ensures the core saw blade is ‘cleaned’ with a dressing stone
following the VG sample interval. Bagged samples are then sealed
with zip ties and transported by WRLG personnel directly to SGS
Natural Resource’s Facility in Red Lake, Ontario for assay.
Samples are then prepped by SGS, which consists
of drying at 105°C and crushing to 75% passing 2 mm. A riffle
splitter is then utilized to produce a 500 g course reject for
archive. The remainder of the sample is then pulverized to 85%
passing 75 microns from which 50 g is analyzed by fire assay and an
atomic absorption spectroscopy (AAS) finish. Samples returning gold
values > 5 g/t Au are reanalyzed by fire assay with a
gravimetric finish on a 50 g sample. Samples with visible gold are
also analyzed via metallic screen analysis (SGS code: GO_FAS50M).
For multi-element analysis, samples are sent to SGS’s facility in
Burnaby, British Columbia and analyzed via four-acid digest with an
atomic emission spectroscopy (ICP-AES) finish for 33-element
analysis on 0.25 g sample pulps (SGS code: GE_ICP40Q12). SGS
Natural Resources analytical laboratories operates under a Quality
Management System that complies with ISO/IEC 17025.
West Red Lake Gold’s Rowan Property presently
hosts a National Instrument 43-101 (“NI 43-101”) Inferred Mineral
Resource of 2,790,700 t at an average grade of 9.2 g/t Au
containing 827,462 ounces of gold with a cut-off grade of 3.8 g/t
Au (NI 43-101 Technical Report authored by John Kita, P.Eng., dated
December 13, 2022 and filed December 30, 2022 on www.sedar.com).
The Inferred Mineral Resource is located in the area of the
historic underground Rowan Mine site and situated within a 1.8 km
strike length portion of the regional scale Pipestone Bay St Paul
Deformation Zone.
The technical information presented in this news
release has been reviewed and approved by Will Robinson, P.Geo.,
Vice President of Exploration for West Red Lake Gold and the
Qualified Person for exploration at the West Red Lake Project, as
defined by NI 43-101 “Standards of Disclosure for Mineral
Projects”.
ABOUT WEST RED LAKE GOLD MINES
West Red Lake Gold Mines Ltd. is a mineral
exploration company that is publicly traded and focused on
advancing and developing its flagship Madsen Gold Mine and the
associated 47 km2 highly prospective land package in the Red Lake
district of Ontario. The highly productive Red Lake Gold District
of Northwest Ontario, Canada has yielded over 30 million ounces of
gold from high-grade zones and hosts some of the world's richest
gold deposits. WRLG also holds the wholly owned Rowan Property in
Red Lake, with an expansive property position covering 31 km2
including three past producing gold mines - Rowan, Mount Jamie, and
Red Summit.
ON BEHALF OF WEST RED LAKE GOLD MINES
LTD.
“Shane Williams”
Shane
Williams President
& Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
Amandip Singh, VP Corporate DevelopmentTel:
416-203-9181Email: investors@westredlakegold.com or visit the
Company’s website at https://www.westredlakegold.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Certain statements contained in this news
release constitute "forward-looking statements". When used in this
document, the words "anticipated", "expect", "estimated",
"forecast", "planned", and similar expressions are intended to
identify forward-looking statements or information. These
statements are based on current expectations of management,
however, they are subject to known and unknown risks, uncertainties
and other factors that may cause actual results to differ
materially from the forward-looking statements in this news
release. Readers are cautioned not to place undue reliance on these
statements. West Red Lake Gold Mines Ltd. does not undertake any
obligation to revise or update any forward- looking statements as a
result of new information, future events or otherwise after the
date hereof, except as required by securities laws.
__________________
1 Mineral Resources are estimated at a cut-off
grade of 9.2 g/t Au and using a gold price of US$1,600/oz. Please
refer to the technical report entitled “Technical Report and
Resource Estimate on the West Red Lake Project” dated December 13,
2022 prepared for WRLG by John Kita, P.Eng., and filed December 30,
2022 on www.sedar.com.
Photo accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/590e85ba-76b3-43b0-beb0-d2ea8e641f95
https://www.globenewswire.com/NewsRoom/AttachmentNg/c0e9e792-f872-4b73-9135-34667eb447cb
https://www.globenewswire.com/NewsRoom/AttachmentNg/99885981-8e64-4f22-85f4-15f2ed495ec8
https://www.globenewswire.com/NewsRoom/AttachmentNg/8983ed3c-f2d7-48f2-83c0-aabc1fd3b23d
https://www.globenewswire.com/NewsRoom/AttachmentNg/5d09c20e-b0c0-4808-a9e8-990cf877d87f
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