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 its 100% owned Rowan Property located in the
prolific Red Lake Gold District of Northwestern Ontario, Canada.
Notably, Hole RLG-23-169 intersected
14.61 grams per tonne (“g/t”) gold (“Au”) over 1.5
metres (“m”), including 42.62 g/t Au over
0.5m at approximately 420m vertical depth in the Vein 101
Zone. This represents an 84m down-dip
extension to the previously reported 70.80 g/t Au
over 8.3m in RLG-23-163B (September 12, 2023 news release)
and demonstrates the down-dip continuity of this high-grade zone,
which remains open at depth. Furthermore, high-grade intercepts
encountered in holes RLG-23-165 and -166B on the Vein 101, 102 and
103 Zones were drilled outside of the December 2022 mineral
resource domains indicating growth potential along strike, outside
of the existing resource.
HIGHLIGHTS:
- Hole RLG-23-166B
Intersected 2m @ 45.20 g/t Au, from 297m to 299m,
Including 0.5m @ 180.20 g/t Au, from 297.5m to
298m; and 4m @ 6.78 g/t Au, from 191m to 195m,
Including 1.7m @ 14.15 g/t Au, from 191m to
192.7m.
- Hole RLG-23-164
Intersected 0.5m @ 101.60 g/t Au, from 204.5m to
205m; and 1.35m @ 33.47 g/t Au, from 131m to
132.35m, Including 0.5m @ 90.20 g/t Au, from
131.85m to 132.35m.
- Hole RLG-23-159
Intersected 2.3m @ 12.81 g/t Au, from 262.85m to
265.15m, Including 0.5m @ 56.43 g/t Au, from
263.85m to 264.35m; and 2.1m @ 12.43 g/t Au, from
247.4m to 249.5 m, Including 0.5m @ 42.98 g/t Au,
from 247.4m to 247.9m.
- Hole RLG-23-169
Intersected 1.5m @ 14.61 g/t Au, from 506m to
507.5m, Including 0.5m @ 42.62 g/t Au from 506m to
506.5m.
Shane Williams, President & CEO, stated,
"The high-grade resource growth potential at the Rowan Mine target
continues to be highlighted with this most recent round of drill
results. Following on the heels of the highest-grade intercept ever
drilled across the Rowan Property, the team successfully
intercepted what is believed to be the same high-grade zone
approximately 80m down-dip. This represents one of the deepest
holes drilled within the high-grade East Zone and bodes well for
future expansion opportunity at Rowan as the team continues to
extend this highly prospective mineralized vein zone at depth and
along strike.”
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. Sections
for the Rowan Mine drilling outlined in this release are provided
in Figures 1 through 7.
A total of 42 diamond drill holes for 15,772m
have been completed so far in 2023 at the Rowan Mine target. Fire
and metallic screen assays have been returned for 35 out of 42
holes completed, with 2 holes having partial assay results and 5
holes pending assays and QAQC.
TABLE 1. Significant intercepts (>3 g/t Au) from
drilling at Rowan Mine Target.
Hole ID |
Target |
Zone |
From (m) |
To (m) |
Thick (m)* |
Au (g/t) |
RLG-23-159 |
Rowan Mine |
V103 (hw) |
108.85 |
109.35 |
0.50 |
3.59 |
AND |
Rowan Mine |
V101 (hw) |
247.40 |
249.50 |
2.10 |
12.43 |
Incl. |
Rowan Mine |
247.40 |
247.90 |
0.50 |
42.98 |
Also Incl. |
Rowan Mine |
249.00 |
249.50 |
0.50 |
9.08 |
AND |
Rowan Mine |
V101 |
262.85 |
265.15 |
2.30 |
12.81 |
Incl. |
Rowan Mine |
263.85 |
264.35 |
0.50 |
56.43 |
RLG-23-160 |
Rowan Mine |
V103 (fw) |
178.50 |
179.00 |
0.50 |
4.02 |
AND |
Rowan Mine |
V103 (fw) |
197.75 |
198.25 |
0.50 |
7.58 |
AND |
Rowan Mine |
V101 |
289.00 |
289.50 |
0.50 |
10.51 |
RLG-23-161 |
Rowan Mine |
V103 (fw) |
181.05 |
183.00 |
1.95 |
4.49 |
Incl. |
Rowan Mine |
181.05 |
182.00 |
0.95 |
8.88 |
RLG-23-162 |
Rowan Mine |
V103 (hw) |
161.00 |
162.00 |
1.00 |
3.31 |
|
Rowan Mine |
V102 |
308.35 |
310.25 |
1.90 |
4.83 |
Incl. |
Rowan Mine |
309.50 |
310.25 |
0.75 |
9.97 |
AND |
Rowan Mine |
V102 (fw) |
365.00 |
366.00 |
1.00 |
3.95 |
RLG-23-164 |
Rowan Mine |
V103 |
117.35 |
119.15 |
1.80 |
4.61 |
Incl. |
Rowan Mine |
118.65 |
119.15 |
0.50 |
15.72 |
AND |
Rowan Mine |
V102 |
131.00 |
132.35 |
1.35 |
33.47 |
Incl. |
Rowan Mine |
131.85 |
132.35 |
0.50 |
90.20 |
AND |
Rowan Mine |
V102 |
167.00 |
168.00 |
1.00 |
3.24 |
AND |
Rowan Mine |
V101 (hw) |
204.50 |
205.00 |
0.50 |
101.60 |
RLG-23-165 |
Rowan Mine |
V102 |
214.00 |
214.50 |
0.50 |
21.58 |
AND |
Rowan Mine |
V102 |
218.00 |
219.00 |
1.00 |
7.77 |
RLG-23-166B |
Rowan Mine |
V103 |
138.00 |
139.50 |
1.50 |
3.56 |
AND |
Rowan Mine |
V102 |
191.00 |
195.00 |
4.00 |
6.78 |
Incl. |
Rowan Mine |
191.00 |
192.70 |
1.70 |
14.15 |
AND |
Rowan Mine |
V101 (hw) |
263.08 |
265.00 |
1.92 |
3.50 |
AND |
Rowan Mine |
V101 (hw) |
265.60 |
266.10 |
0.50 |
3.44 |
AND |
Rowan Mine |
V101 |
297.00 |
299.00 |
2.00 |
45.20 |
Incl. |
Rowan Mine |
297.50 |
298.00 |
0.50 |
180.20 |
AND |
Rowan Mine |
V100 |
328.00 |
329.00 |
1.00 |
5.13 |
Incl. |
Rowan Mine |
328.50 |
329.00 |
0.50 |
9.85 |
RLG-23-169 |
Rowan Mine |
V104 (hw) |
327.00 |
327.55 |
0.55 |
3.36 |
AND |
Rowan Mine |
V104 |
332.00 |
334.00 |
2.00 |
3.01 |
AND |
Rowan Mine |
V101 |
506.00 |
507.50 |
1.50 |
14.61 |
Incl. |
Rowan Mine |
506.00 |
506.50 |
0.50 |
42.62 |
*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 ≥ 60% of
downhole thickness based on intercept angles observed in the drill
core. Under ‘Zone’ column, (hw) is indicating ‘hanging wall to’ and
(fw) is indicating ‘footwall to’ main vein zones.
FIGURE 1. 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 holes reported in this
News Release.
Hole ID |
Target |
Easting |
Northing |
Elev (m) |
Length (m) |
Azimuth |
Dip |
RLG-23-159 |
Rowan Mine |
422169 |
5657801 |
366 |
351 |
354 |
-53 |
RLG-23-160 |
Rowan Mine |
422170 |
5657801 |
366 |
396 |
359 |
-59 |
RLG-23-161 |
Rowan Mine |
422170 |
5657801 |
366 |
366 |
4 |
-51 |
RLG-23-162 |
Rowan Mine |
422170 |
5657798 |
366 |
498 |
350 |
-71 |
RLG-23-164 |
Rowan Mine |
422018 |
5657795 |
367 |
300 |
3 |
-45 |
RLG-23-165 |
Rowan Mine |
422019 |
5657795 |
367 |
411 |
350 |
-63 |
RLG-23-166B |
Rowan Mine |
422019 |
5657795 |
367 |
378 |
349 |
-56 |
RLG-23-169 |
Rowan Mine |
422110 |
5657700 |
386 |
597 |
353 |
-63 |
|
|
|
|
|
|
|
|
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
vein zones usually average 1.0 to 1.5m in thickness, with an
overall thickness of the Rowan vein corridor at around 115m. 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 150m 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 2. Rowan Mine drill section
showing assay highlights for Holes RLG-23-164, -165, and
-166B[1].
FIGURE 3. Rowan Mine drill section showing assay
highlights for Hole
RLG-23-169[1].
FIGURE 4. Rowan Mine drill section showing assay
highlights for Holes RLG-23-159, -160, -161 and
-162[1].
FIGURE 5. Rowan Mine longitudinal
section for Vein 101 showing 2023 intercepts > 3 g/t Au. Assay
highlights from current press release shown in
red[1].
FIGURE 6. Rowan Mine longitudinal
section for Vein 102 showing 2023 intercepts > 3 g/t
Au. Assay highlights from current press release
shown in
red[1].
FIGURE 7. Rowan Mine longitudinal
section for Vein 103 showing 2023 intercepts > 3 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/october-11th-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 0.5m. Maximum allowable sample length is
1.5m. 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 2mm. A riffle
splitter is then utilized to produce a 500g course reject for
archive. The remainder of the sample is then pulverized to 85%
passing 75 microns from which 50g 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 50g 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 0.25g 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, entitled “Technical Report and
Resource Estimate on the West Red Lake Project” 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
and include without limitation, statements relating to the historic
West Red Lake Project to be a new resource area and the Company’s
future objectives and plans. 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.
Forward‐looking statements involve numerous
risks and uncertainties and actual results might differ materially
from results suggested in any forward-looking statements. These
risks and uncertainties include, among other things, market
volatility; the state of the financial markets for the Company’s
securities; fluctuations in commodity prices and changes in the
Company’s business plans. In making the forward looking statements
in this news release, the Company has applied several material
assumptions that the Company believes are reasonable, including
without limitation, that the Company will continue with its stated
business objectives and its ability to raise additional capital to
proceed. Although management of the Company has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
statements or forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements and forward-looking information. Readers are cautioned
that reliance on such information may not be appropriate for other
purposes. The Company does not undertake to update any
forward-looking statement, forward-looking information or financial
out-look that are incorporated by reference herein, except in
accordance with applicable securities laws. The Company seeks safe
harbor.
For more information on the Company, investors
should review the Company’s continuous disclosure filings that are
available at www.sedarplus.ca.
_________________
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.sedarplus.ca.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/2da979ee-9408-448a-96eb-ff0e48da48f7
https://www.globenewswire.com/NewsRoom/AttachmentNg/9e1a3111-9d59-4bae-ab38-76e0597408cc
https://www.globenewswire.com/NewsRoom/AttachmentNg/ef1ba120-86f3-4912-ac88-2347bdf853cf
https://www.globenewswire.com/NewsRoom/AttachmentNg/9fdb09df-884c-485a-954d-f4fec89d0710
https://www.globenewswire.com/NewsRoom/AttachmentNg/289baf10-f960-4590-a020-60e559a07da9
https://www.globenewswire.com/NewsRoom/AttachmentNg/47baaa3c-1c02-4a11-b562-17d01813962c
https://www.globenewswire.com/NewsRoom/AttachmentNg/c739026f-0843-470c-828f-8c3a7b77b76e
https://www.globenewswire.com/NewsRoom/AttachmentNg/8a377b14-69b9-43a9-bdc9-1abba3e160c4
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