공시 • Jul 07
West Red Lake Gold Mines Ltd. Reports Drill Results from Its 100% Owned Madsen Mine Located in Red Lake Mining 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 Mining District of Northwestern Ontario, Canada. The results from Austin 904 Complex presented in this update were all drilled from the 13 Level of the Madsen Mine at approximately 650 metre depth. These results are in addition to those announced on April 13, 2026 which highlighted 215.46 grams per tonne gold over 5.35m, 50.34 g/t Au over 4.05m and 61.70 g/t Au over 3m, and on February 25, 2026 which highlighted 219.73 g/t Au over 4.8 m, 148.36 g/t Au over 3m and 133.13 g/t Au over 2.5m. The results from the Austin 955 Complex were drilled from the 12 Level of the Madsen Mine at approximately 600m depth. The Austin 904 represents a unique opportunity within the Madsen deposit, comprising an approximately 200m by 200m panel of intact gold mineralization that was not historically mined. Austin 955 Complex highlights: Hole MM26D-12-5110-013 intersected 3.85m @ 43.38 g/t Au, from 74.15m to 78.00m, including 0.5m @ 291.94 g/t Au, from 74.65m to 75.15m. Hole MM26D-12-5110-048 intersected 3.10m @ 53.87 g/t Au, from 64.4m to 67.5m, including 0.5m @ 322.89 g/t Au, from 65.4m to 65.9m. Hole MM26D-12-5110-024 intersected 5.25m @ 24.03 g/t Au, from 73.25m to 78.50m, including 0.5m @ 228.84 g/t Au, from 76.1m to 76.6m. Hole MM26D-12-5110-005 intersected 5.9m @ 20.17 g/t Au, from 77.0m to 82.9m, including 0.5m @ 195.97 g/t Au, from 80.35m to 80.85m. Hole MM26D-12-5110-021 intersected 15m @ 6.93 g/t Au, from 72m to 87m, including 0.5m @ 103.89 g/t Au, from 82.3m to 82.8m. Hole MM26D-12-5110-046 intersected 3.5m @ 29.52 g/t Au, from 80.0m to 83.5m, including 0.8m @ 113.63 g/t Au, from 81.0m to 81.8m. Visible gold was also observed in hole MM26D-12-5110-016 at 69m downhole depth. Austin 904 Complex highlights: Hole MM26D-13-4955-003 intersected 13.35m @ 10.22 g/t Au, from 81.00m to 94.35m, including 1.1m @ 69.85 g/t Au, from 81.9m to 83.0m, also including 0.55m @ 30.65 g/t Au, from 92.45m to 93.00m. Hole MM26D-13-4955-006 intersected 10.2m @ 11.98 g/t Au, from 88.3m to 98.5m, including 1m @ 28.09 g/t Au, from 89.5m to 90.5m, also including 1.1m @ 53.99 g/t Au, from 92.8m to 93.9m, also including 0.7m @ 29.45 g/t Au, from 96.75m to 97.45m. Hole MM26D-13-5022-008 intersected 4.6m @ 24.22 g/t Au, from 100.9m to 105.5m, including 0.6m @ 23.99 g/t Au, from 100.9m to 101.5m, also including 0.5m @ 180.67 g/t Au, from 104.0m to 104.5m. Hole MM26D-13-4955-004 intersected 4.8m @ 21.56 g/t Au, from 69.5m to 74.3m, including 0.5m @ 144.56 g/t Au, from 69.50m to 70.0m. Significant intercepts from drilling at Austin 955 and 904 Complexes include: MM26D-12-5110-001 Austin - 955 68.50 to 75.00m, 6.50m, 7.36 g/t Au; MM26D-12-5110-004 Austin - 955 88.05 to 91.20m, 3.15m, 9.40 g/t Au; MM26D-12-5110-005 Austin - 955 77.00 to 82.90m, 5.90m, 20.17 g/t Au; MM26D-12-5110-006 Austin - 955 82.00 to 89.00m, 7.00m, 5.28 g/t Au; MM26D-12-5110-008 Austin - 955 91.00 to 99.00m, 8.00m, 4.84 g/t Au; MM26D-12-5110-010 Austin - 955 70.00 to 76.00m, 6.00m, 7.21 g/t Au; MM26D-12-5110-013 Austin - 955 74.15 to 78.00m, 3.85m, 43.38 g/t Au; MM26D-12-5110-014 Austin - 955 68.20 to 76.45m, 8.25m, 4.97 g/t Au; MM26D-12-5110-015 Austin - 955 80.30 to 89.30m, 9.00m, 6.84 g/t Au; MM26D-12-5110-016 Austin - 955 65.50 to 69.90m, 4.40m, 8.00 g/t Au; MM26D-12-5110-017 Austin - 955 76.55 to 84.50m, 7.95m, 3.60 g/t Au; MM26D-12-5110-021 Austin - 955 72.00 to 87.00m, 15.00m, 6.93 g/t Au; MM26D-12-5110-022 Austin - 955 60.00 to 72.00m, 12.00m, 4.26 g/t Au; MM26D-12-5110-024 Austin - 955 73.25 to 78.50m, 5.25m, 24.03 g/t Au; MM26D-12-5110-025 Austin - 955 59.75 to 66.00m, 6.25m, 6.64 g/t Au; MM26D-12-5110-027 Austin - 955 66.25 to 69.75m, 3.50m, 7.18 g/t Au; MM26D-12-5110-038 Austin - 955 59.85 to 64.00m, 4.15m, 11.44 g/t Au; MM26D-12-5110-039 Austin - 955 76.00 to 78.00m, 2.00m, 25.01 g/t Au; MM26D-12-5110-046 Austin - 955 80.00 to 83.50m, 3.50m, 29.52 g/t Au; MM26D-12-5110-048 Austin - 955 64.40 to 67.50m, 3.10m, 53.87 g/t Au; MM26D-12-5110-050 Austin - 955 79.00 to 82.50m, 3.50m, 7.80 g/t Au; MM26D-12-5110-057 Austin - 955 85.00 to 88.00m, 3.00m, 10.72 g/t Au; MM26D-13-4955-003 Austin - 904 81.00 to 94.35m, 13.35m, 10.22 g/t Au; MM26D-13-4955-004 Austin - 904 69.50 to 74.30m, 4.80m, 21.56 g/t Au; MM26D-13-4955-005 Austin - 904 78.80 to 83.00m, 4.20m, 13.13 g/t Au; MM26D-13-4955-006 Austin - 904 88.30 to 98.50m, 10.20m, 11.98 g/t Au; MM26D-13-4955-008 Austin - 904 73.85 to 78.00m, 4.15m, 23.94 g/t Au; MM26D-13-4955-015 Austin - 904 82.10 to 89.85m, 7.75m, 7.37 g/t Au; MM26D-13-4955-020 Austin - 904 66.00 to 68.75m, 2.75m, 9.83 g/t Au; MM26D-13-4955-022 Austin - 904 87.75 to 90.85m, 3.10m, 10.48 g/t Au; MM26D-13-5022-001 Austin - 904 121.00 to 123.50m, 2.50m, 14.93 g/t Au; MM26D-13-5022-003 Austin - 904 109.50 to 115.60m, 6.10m, 4.34 g/t Au; MM26D-13-5022-008 Austin - 904 100.90 to 105.50m, 4.60m, 24.22 g/t Au. The gold assay results presented are uncapped values. True thickness has not been calculated for these intercepts but is expected to be = 70% of downhole length based on intercept angles observed in the drill core. Internal dilution for composite intervals does not exceed 1m for samples grading. Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of USD 1,800/oz. The Madsen Mine deposit presently hosts a National Instrument 43-101 – Standards of Disclosure for Mineral Projects Indicated resource of 1.65 million ounces of gold grading 7.4 g/t Au within 6.9 Mt, and an Inferred resource of 0.37 million ounces of gold grading 6.3 g/t Au within 1.8 Mt. Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of USD 1,800/oz. Mineral resources as stated are inclusive of mineral reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The Madsen Mine also contains Probable reserves of 478 thousand ounces of gold grading 8.16 g/t Au within 1.87 Mt. Mineral reserve estimates are based on a gold price of USD 1,680/oz. The Madsen Resource Estimate has an effective date of December 31, 2021, and excludes depletion of mining activity during the period from January 1, 2022, to the mine closure on October 24, 2022, as it has been deemed immaterial and not relevant for the purpose of the Madsen Report.
