West Red Lake Gold Mines Inc. (“West Red Lake Gold” or the “Company”) (CSE: RLG) (FSE: HYK) (OTCQB: RLGMF) announces high grade drill results from exploration work on the 3100 hectare West Red Lake Project located in the prolific Red Lake Gold District, Northwestern Ontario, Canada.
The recent exploration drill program carried out during June and July 2017 consisted of 2,544 metres (“m”) of drilling including 15 drill holes at the Mount Jamie Mine property to explore the Mount Jamie Mine Zones and one drill hole on the Rowan Mine property to test the previously unexplored south-east quadrant of the Structural Intersection area.
|26.19||grams per tonne gold (“gpt Au”) over 1.0 m|
|11.82||gpt Au over 1.5 m|
|7.64||gpt Au over 3.0 m|
|8.20||gpt Au over 1.0 m|
|7.62||gpt Au over 1.5 m|
|4.73||gpt Au over 1.7 m|
These drill results indicate good potential to expand the Mount Jamie Mine Zones. See drill results table below.
A hole drilled to test a geophysical anomaly along the previously unexplored south-eastern portion of the Structural Intersection on the adjacent Rowan Mine property did not return any significant gold values or hydrothermal alteration. Gold is present in both the western and the northern portions of the highly prospective Structural Intersection area and future drilling is planned to target locations where a more favourable environment for gold mineralization is known to be present. The next target to be explored in the Structural Intersection area is located on the west side of the Structural Intersection target area where the gold bearing NT Zone begins to fold towards the northwest.
An announcement of the details of the next exploration drill program, planned for Fall 2017, will be made upon further review of high priority targets on the West Red Lake Project.
Mr. John Kontak, President of West Red Lake Gold stated “We are very pleased to be continuing our diamond drill program on our promising Red Lake property during 2017. We believe that the property holds significant exploration potential and plan to continue the effort to expand gold zones and to explore additional areas of interest on the West Red Lake Project”.
Gold zones on the West Red Lake Project 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 Pipestone Bay St Paul Deformation Zone. 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 2 km to where they merge and intersect with the Pipestone Bay St Paul Deformation 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 at the West Red Lake Project, as defined by National Instrument 43-101 “Standards of Disclosure for Mineral Projects”.
All drilling was completed using NQ size core. Gold analysis of the samples collected by West Red Lake Gold were assayed by SGS Laboratories Ltd. Analysis consisted of a fire assay of a 50-gram sample with an atomic absorption finish. Samples assaying over 10.0 gpt Au are re-assayed with gravimetric finish. Samples noted to contain visible gold are analyzed via total metallic assay method. A rigorous Quality Control and Assurance Program is in place using control samples including blanks and standards.
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
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 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.
West Red Lake Project Diamond Drill Results Table
Mount Jamie Mine - Main Shaft
Mount Jamie Mine - North Zone
Intervals reported here are core lengths. True widths are not known at this time. All depths are reported as down hole.