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West Red Lake Gold Intersects 107.61 g/t Au over 2.5m at Austin and 106.99 g/t Au over 2.35m at McVeigh – Madsen Mine

VANCOUVER, British Columbia, Aug. 12, 2024 – West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV:WRLG) (OTCQB:WRLGF) is pleased to report drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.

The drill results featured in this news release are focused on the high-grade Austin and McVeigh Zones. The Austin Zone currently contains an Indicated mineral resource of 914,200 ounces (“oz”) grading 6.9 grams per tonne (“g/t”) gold (“Au”), with an additional Inferred resource of 104,900 oz grading 6.5 g/t Au. The McVeigh Zone currently contains an Indicated mineral resource of 79,800 oz grading 6.4 g/t Au, with an additional Inferred resource of 14,300 oz grading 6.9 g/t Au.

The purpose of this drilling was definition within priority areas of Austin and McVeigh to continue building an inventory of high-confidence ounces to support the restart of production at the Madsen mine, which is expected to commence in H2 2025. The Company expects to complete a pre-feasibility study in support of that restart goal in the coming months.

AUSTIN ZONE HIGHLIGHTS:

  • Hole MM24D-09-4796-018 Intersected 2.5m @ 107.61 g/t Au, from 80.0m to 82.5m, Including 1m @ 252.10 g/t Au, from 80m to 81m, Also including 1m @ 14.22 g/t Au, from 81m to 82m.
  • Hole MM24D-09-4796-005 Intersected 7m @ 5.70 g/t Au, from 53m to 60m, Including 1m @ 12.38 g/t Au, from 54m to 55m, Also including 1m @ 10.09 g/t Au, from 59m to 60m.
  • Hole MM24D-09-4796-007 Intersected 5m @ 7.68 g/t Au, from 45m to 50m, Including 2.06m @ 15.04 g/t Au, from 47m to 49.06m.
  • Hole MM24D-09-4796-006 Intersected 11.77m @ 7.04 g/t Au, from 62.23m to 74.00m, Including 0.77m @ 34.91 g/t Au, from 62.23m to 63.00m, Also Including 0.7m @ 21.69 g/t Au, from 69.0m to 69.7m. Also including 1m @ 19.51 g/t Au, from 73m to 74m.

MCVEIGH ZONE HIGHLIGHTS:

  • Hole MM24D-01-4081-019 Intersected 2.35m @ 106.99 g/t Au, from 37.65m to 40.00m, Including 0.5m @ 13.32 g/t Au, from 37.65m to 38.15m, Also Including 0.5m @ 479.09 g/t Au, from 39.0m to 39.5m.
  • Hole MM24D-01-4081-011 Intersected 3.33m @ 14.61 g/t Au, from 58.00m to 61.33m, Including 2m @ 23.32 g/t Au, from 58m to 60m.
  • Hole MM24D-01-4081-017 Intersected 4.1m @ 10.13 g/t Au, from 36.0m to 40.1m, Including 0.5m @ 15.79 g/t Au, from 37.0m to 37.5m, Also including 0.95m @ 24.19 g/t Au, from 39.15m to 40.10m.
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