West Red Lake Gold Mines Inc. (“West Red Lake Gold” or the “Company”) (CSE: RLG) (FSE: HYK) (OTCQB: RLGMF) announces the next phase of exploration drilling planned to begin the first week of November 2017 on the Company’s 3100 hectare West Red Lake Project located in the Red Lake Gold District, Northwestern Ontario, Canada.
The exploration drill program is designed to further explore the potential of the Rowan Mine Zones and to explore the area of the Structural Intersection located approximately 1km east of the Rowan Mine Zones.
Drilling is planned in the area of the Rowan Mine Shaft, including two holes to follow up on hole RLG-17-45 which intersected 72.6 grams over 3.0m and another hole located 200 metres west of RLG-17-45 to test a geological contact for potential increased hydrothermal activity with attendant gold mineralization.
In the Structural Intersection area, two holes will be drilled along the most transposed/overlapping portion of the fold hinge, at the intersection of major northeast and east-west trending shear zones. One hole will test the hinge of the fold where the northeast trending shear zone disrupts the stratigraphy, and the second hole will test the hinge of the fold along strike between the Rowan Mine and the Red Summit Mine.
The Rowan Mine Zones lie within the east-west trending regional shear structure known as the Pipestone Bay St Paul Deformation Zone (the “PBS Zone”). Gold zones are hosted within a sequence of hydrothermally altered mafic volcanics with intercalated felsic volcanics and porphyries as well as ultramafics. The gold mineralization is associated with quartz veining and increased iron sulphide mineralization.
Three former gold mines on the West Red Lake Project property are situated on the east-west trending PBS Zone, the regional geological structure which crosses the Company property and continues east to the town of Red Lake. The regional scale Golden Arm Structure and the sub-parallel NT Zone cross onto the West Red Lake Project from the south boundary and trend northeast for 2km to where they merge and intersect with the PBS Zone.
The technical information presented in this news release has been reviewed and approved by Kenneth Guy, P.Geo., a consultant to West Red Lake Gold and the Qualified Person for exploration on the West Red Lake Project, as defined by National Instrument 43-101 “Standards of Disclosure for Mineral Projects”.
West Red Lake Gold Mines Inc. is a Toronto-based minerals exploration company focused on gold exploration and development in the prolific Red Lake Gold District of Northwest Ontario, Canada. The Red Lake Gold District is host to some of the richest gold deposits in the world and has produced nearly 30 million ounces of gold from high grade zones. The Company has assembled a significant property position totalling 3100 hectares in west Red Lake (the “West Red Lake Project”) which contains three former gold mines. The Mount Jamie Mine and Red Summit Mine properties are 100% owned by the Company and the Rowan Mine property is held in a 60%-owned joint venture with Red Lake Gold Mines, a partnership of Goldcorp Inc. and Goldcorp Canada Ltd. The West Red Lake Project property covers a 12 kilometre strike length along the Pipestone Bay St Paul Deformation Zone and the Company plans to continue to explore the property both along strike and to depth. To find out more about West Red Lake Gold Mines, please visit our website at http://www.westredlakegold.com.
For more information, please contact: John Kontak, President Phone: 416-203-9181 Email: email@example.com
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news 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 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.