West Red Lake Gold Mines – Exploration Update On The Underground Definition Drilling, And New Targets Like The High-Grade Shoot at Upper 8, MJ, North Venus, and North Shore

The KE Report

Will Robinson, VP of Exploration at West Red Lake Gold Mines (TSX.V:WRLG – OTCQB:WRLGF), joins me for a comprehensive exploration update on the underground definition drilling and the 12,000 meter program on 4 new targets at the Madsen Mine, in the Red Lake district of Ontario, Canada.

We start off digging into to all the underground definition drilling going on with 2 rigs, to delineate more resources and to continue building an inventory of high-confidence ounces to support the restart of production next year at the Madsen Mine. We also review that the PFS that was slated for year-end has been pushed back to January of 2025, to be able to incorporate all of this incoming data and truly optimize the economics and engineering work for the best possible outcome upon a relaunch of mining.

Next we shifted into all the more discovery-based exploration drilling at the 4 new targets from the program that just wrapped up at the high-grade shoot at Upper 8, MJ/Wedge, North Venus, and North Shore. On November 12th, the Company released assays from some of the 17 holes drilled at the Upper 8 target.

UPPER 8 HIGHLIGHTS:

• Hole WRL24-017 Intersected 1.5m @ 21.44 g/t Au, from 297.7m to 299.2m, Including 0.5m @ 52.17 g/t Au, from 298.2m to 298.7m - this high-grade 0.5m interval is complimented by approximately 30 specks of visible gold (Figure 1).
• Hole WRL24-021 Intersected 2m @ 7.41 g/t Au, from 340.25m to 342.25m, Including 0.5m @ 23.74 g/t Au, from 340.25m to 340.75m.
• WRLG has now successfully defined a new ore shoot at Upper 8 that is approximately 30m wide and 130m along plunge – this new zone of mineralization remains open at depth (Figure 4).
• The plunge line on the Upper 8 ore shoot has been constrained to an orientation at approximately 110°/-40° (azimuth/plunge), which is very similar to the orientation of the deeper 8 Zone deposit – this increases WRLG’s confidence in the potential to grow Upper 8 down plunge with additional drilling.

Will goes on to describe the way the exploration team is interpreting these results at the Upper 8 Zone, and how it may be part of a series of stacked lens between this area and the deeper 8 Zone, with the potential for more mineralized areas in between these two zones. We then shift over to the drilling that continued into the MJ target at Wedge, and also the 2 new north splay targets, North Venus and North Shore. There are still assays pending from all 4 of these new exploration target areas to be released in the near future.

If you have any follow up questions for Will or the team over at West Red Lake Gold please email me at [e-mail].

• In full disclosure, Shad is shareholder of West Red Lake Gold Mines at the time of this recording.

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