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West Red Lake Gold Intersects 13.40 G/t Au Over 10m and 12.21 G/t Au Over 3m at North Austin Zone – Madsen Mine

West Red Lake Gold Intersects 13.40 G/t Au Over 10m and 12.21 G/t Au Over 3m at North Austin Zone – Madsen Mine

West Red Lake Gold在北奥斯汀区-马德森矿脉探测到13.40克/吨的黄金,长度为1000万英尺和12.21克/吨的黄金,长度为300万英尺。
GlobeNewswire ·  07/09 07:00

VANCOUVER, British Columbia, July 09, 2024 (GLOBE NEWSWIRE) -- 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.

加拿大安大略省西北地区Red Lake黄金区West Red Lake Gold Mines有限公司(以下简称“West Red Lake Gold”、“WRLG”或“公司”)(TSXV:WRLG)(OTCQB:WRLGF)于2024年7月9日发布消息,报告其100%拥有的Madsen矿山的钻探结果。该矿位于加拿大安大略省西北地区Red Lake黄金区。

This round of drill results from the Madsen Mine were all drilled from underground on the North Austin Zone, which represents a new area of high-grade mineralization extending the current Madsen resource to the northeast. This program was designed to expand the North Austin zone down-plunge and to the northeast.

这一轮来自Madsen矿山的钻探结果均来自North Austin区地下,该区代表了一个高品位矿化的新区,将现有的Madsen矿区向东北延伸。该计划旨在将North Austin区向下延伸和向东北扩展。

The North Austin drilling update provided in this news release builds on the positive drill results previously announced on May 21, 2024 and Feb 7, 2024.

此新闻发布中提供的North Austin钻探更新是在2024年5月21日和2024年2月7日宣布的积极钻探结果的基础上建立起来的。

The North Austin Zone sits adjacent to existing underground development marking it as a high caliber, near-surface target that could potentially be developed early during future mine restart and production. The North Austin Zone remains open down-plunge and along strike to the northeast and will continue to be a priority expansion target as underground drilling continues.

North Austin区毗邻现有的地下开发,标志着它是一个高档次的,近地表的目标。它有可能在未来的矿山重启和生产早期得到开发。North Austin区向下延伸和向东北延伸,将会继续是地下钻探持续扩展的重点目标。

HIGHLIGHTS:

亮点:

  • Hole MM24X-03-5195-018 Intersected 10m @ 13.40 grams per tonne gold ("g/t Au"), from 82m to 92m, Including 1.0m @ 17.75 g/t Au, from 82m to 83m, also Including 1.0m @ 85.61 g/t Au, from 88.31m to 89.31m, also Including 1.0m @ 14.05 g/t Au, from 89.31m to 90.31m.
  • Hole MM24X-03-5127-012 Intersected 3m @ 12.21 g/t Au, from 58m to 61m, Including 1m @ 32.84 g/t Au, from 60m to 61m.
  • Hole MM24X-03-5195-015 Intersected 16.98m @ 3.12 g/t Au, from 82m to 92m, Including 0.98m @ 11.78 g/t Au, from 72.52m to 73.50m, also Including 1.0m @ 14.69 g/t Au, from 74.45m to 75.45m, also Including 0.79m @ 15.60 g/t Au, from 87.21m to 88.00m.
  • MM24X-03-5195-018孔从8200万到9200万锤击了1000万吨黄金,平均品位为13.40克/吨(“g/t Au”),其中包括从8200万到8300万的100万吨,平均品位为17.75 g/t Au,也包括从8831万到8931万的100万吨,平均品位为85.61 g/t Au,另外包括从8931万到9031万的100万吨,平均品位为14.05 g/t Au。
  • MM24X-03-5127-012孔从5800万到6100万锤击了300万吨黄金,平均品位为12.21 g/t Au,其中包括从6000万到6100万的100万吨,平均品位为32.84 g/t Au。
  • MM24X-03-5195-015孔从8200万到9200万锤击了1698万吨黄金,平均品位为3.12克/吨(“g/t Au”),包括从7252万到7350万的98万吨,平均品位为11.78 g/t Au,另外包括从7445万到7545万的100万吨,平均品位为14.69 g/t Au,还包括从8721万到8800万的79万吨,平均品位为15.60 g/t Au。

Shane Williams, President & CEO, stated, "The North Austin drilling continues to deliver meaningful results which is a testament not only to the quality of this resource area, but also to our technical team's understanding of the structural controls and ore shoot geometries in this emerging part of the Madsen deposit. With the team now working towards a planned mine restart in the second half of 2025, the drills at Madsen will continue to delineate and define the high-value mineral inventory needed to support that objective."

总裁兼首席执行官Shane Williams表示:“North Austin钻探仍然提供有意义的结果,这不仅证明了这个资源区的质量,而且证明了我们技术团队对Madsen矿床这个新区段的结构控制和矿石走向几何学的理解。随着团队现在致力于计划在2025年下半年重启矿山,Madsen的钻探将继续勾勒和定义高价值矿产库存,以支持这一目标。”

Plan maps and section for the South Austin drilling outlined in this release are provided in Figures 2 through 7.

提供的South Austin区钻探的计划方案图和断面如图2到7所示。

TABLE 1. Significant intercepts (>3 g/t Au) from drilling at North Austin Zone.

表1。North Austin区的重要截面(>3 g/t Au)。

Hole ID Target From (m) To (m) Length (m)* Au (g/t)
MM24X-03-5127-012 North Austin
58.00 61.00 3.00 12.21
Incl. 60.00 61.00 1.00 32.84
MM24X-03-5127-013 North Austin 126.70 128.07 1.37 3.74
MM24X-03-5127-014 North Austin
123.63 125.50 1.87 6.04
Incl. 124.10 124.74 0.64 14.96
MM24X-03-5127-015 North Austin 122.16 123.00 0.84 8.35
MM24X-03-5127-016 North Austin No Assays > 3 g/t Au
MM24X-03-5127-017 North Austin No Assays > 3 g/t Au
MM24X-03-5127-018 North Austin No Assays > 3 g/t Au
MM24X-03-5195-011 North Austin 132.92 134.77 1.85 3.12
MM24X-03-5195-012 North Austin 76.73 81.00 4.27 3.25
MM24X-03-5195-013 North Austin No Assays > 3 g/t Au
MM24X-03-5195-014 North Austin No Assays > 3 g/t Au
MM24X-03-5195-015 North Austin
72.52 89.50 16.98 3.12
Incl. 72.52 73.50 0.98 11.78
Also Incl. 74.45 75.45 1.00 14.69
Also Incl. 87.21 88.00 0.79 15.60
AND North Austin 132.52 134.39 1.87 3.90
MM24X-03-5195-016 North Austin
71.20 72.50 1.30 11.49
Incl. 71.20 71.74 0.54 26.96
MM24X-03-5195-017 North Austin 70.37 71.37 1.00 5.03
MM24X-03-5195-018 North Austin
82.00 92.00 10.00 13.40
Incl. 82.00 83.00 1.00 17.75
Also Incl. 88.31 89.31 1.00 85.61
Also Incl. 89.31 90.31 1.00 14.05
AND North Austin 134.30 136.00 1.70 9.09
MM24X-03-5195-019 North Austin 101.22 102.00 0.78 4.27
MM24X-03-5195-020 North Austin 83.67 84.67 1.00 4.52
AND North Austin 143.00 144.00 1.00 3.01
孔ID 塔吉特 从(m) 到(m) 长度(米)* Au(g/t)
MM24X-03-5127-012 北奥斯汀
58.00 61.00 3.00 12.21
包括。 60.00 61.00 1.00 32.84
MM24X-03-5127-013 北奥斯汀 126.70 128.07 1.37 3.74
MM24X-03-5127-014 北奥斯汀
123.63 125.50 1.87 6.04
包括。 124.10 124.74 0.64 14.96
MM24X-03-5127-015 北奥斯汀 122.16 123.00 0.84 8.35
MM24X-03-5127-016 北奥斯汀 金品位大于3克/吨的化验结果不存在
MM24X-03-5127-017 北奥斯汀 金品位大于3克/吨的化验结果不存在
MM24X-03-5127-018 北奥斯汀 金品位大于3克/吨的化验结果不存在
MM24X-03-5195-011 北奥斯汀 132.92 134.77 1.85 3.12
MM24X-03-5195-012 北奥斯汀 76.73 81.00 4.27 3.25
MM24X-03-5195-013 北奥斯汀 金品位大于3克/吨的化验结果不存在
MM24X-03-5195-014 北奥斯汀 金品位大于3克/吨的化验结果不存在
MM24X-03-5195-015 北奥斯汀
72.52 89.50 16.98 3.12
包括。 72.52 73.50 0.98 11.78
还包括 74.45 75.45 1.00 14.69
还包括 87.21 88.00 0.79 15.60
北奥斯汀 132.52 134.39 1.87 3.90
MM24X-03-5195-016 北奥斯汀
71.20 72.50 1.30 11.49
包括。 71.20 71.74 0.54 26.96
MM24X-03-5195-017 北奥斯汀 70.37 71.37 1.00 5.03
MM24X-03-5195-018 北奥斯汀
82.00 92.00 10.00 13.40
包括。 82.00 83.00 1.00 17.75
还包括 88.31 89.31 1.00 85.61
还包括 89.31 90.31 1.00 14.05
北奥斯汀 134.30 136.00 1.70 9.09
MM24X-03-5195-019 北奥斯汀 101.22 $1,006.875 0.78 4.27
MM24X-03-5195-020 北奥斯汀 83.67 84.67 1.00 4.52
北奥斯汀 143.00 144.00 1.00 3.01

*The "From-To" intervals in Table 1 are denoting overall downhole length of the intercept. True thickness has not been calculated for these intercepts but is expected to be ≥ 70% of downhole thickness based on intercept angles observed in the drill core.

*表1中的“自-至”区间表示拦截点的井下总长度。这些拦截点的真实厚度尚未计算,但预计根据岩心中观察到的拦截角度,其厚度将≥井下厚度的70%。

FIGURE 1. Deposit-scale plan map of Madsen Mine highlighting North Austin Zone and drill traces included in this news release.

图1:马德森矿床的存款规模平面图,突出显示了北奥斯汀区域和本新闻公告中包括的钻孔迹线。

TABLE 2: Drill collar summary for holes reported in this News Release.

表2:本新闻公告报道的钻孔套管汇总。

Hole ID Target Easting Northing Elev
(m)
Length
(m)
Azimuth Dip
MM24X-03-5127-012 North Austin 435931 5646987 266 160.50 320 -22
MM24X-03-5127-013 North Austin 435931 5646987 266 150.00 326 -8
MM24X-03-5127-014 North Austin 435931 5646987 266 150.00 327 -14
MM24X-03-5127-015 North Austin 435931 5646987 266 145.00 325 -17
MM24X-03-5127-016 North Austin 435931 5646987 266 145.50 326 -24
MM24X-03-5127-017 North Austin 435931 5646987 266 171.00 331 -20
MM24X-03-5127-018 North Austin 435931 5646987 266 150.00 308 -22
MM24X-03-5195-011 North Austin 435987 5647032 261 150.00 292 -14
MM24X-03-5195-012 North Austin 435987 5647032 261 177.00 295 -23
MM24X-03-5195-013 North Austin 435987 5647032 261 150.00 296 -32
MM24X-03-5195-014 North Austin 435987 5647032 261 150.00 304 -2
MM24X-03-5195-015 North Austin 435987 5647032 261 150.00 300 -18
MM24X-03-5195-016 North Austin 435987 5647032 261 150.00 306 -28
MM24X-03-5195-017 North Austin 435987 5647032 261 171.00 316 -54
MM24X-03-5195-018 North Austin 435987 5647032 261 190.00 307 -19
MM24X-03-5195-019 North Austin 435987 5647032 261 162.00 313 -4
MM24X-03-5195-020 North Austin 435987 5647032 261 150.00 313 -16
孔ID 塔吉特 东经(m) 北纬(m) 高程
(米)
长度
(米)
方位角(度) 倾角
MM24X-03-5127-012 北奥斯汀 435931 5646987 266 160.50 320 -22
MM24X-03-5127-013 北奥斯汀 435931 5646987 266 150.00 326 -8
MM24X-03-5127-014 北奥斯汀 435931 5646987 266 150.00 327 -14
MM24X-03-5127-015 北奥斯汀 435931 5646987 266 145.00 325 -17
MM24X-03-5127-016 北奥斯汀 435931 5646987 266 145.50 326 -24
MM24X-03-5127-017 北奥斯汀 435931 5646987 266 171.00 331 -20
MM24X-03-5127-018 北奥斯汀 435931 5646987 266 150.00 308 -22
MM24X-03-5195-011 北奥斯汀 435987 5647032 261 150.00 292 -14
MM24X-03-5195-012 北奥斯汀 435987 5647032 261 177.00 295 -23
MM24X-03-5195-013 北奥斯汀 435987 5647032 261 150.00 296 -32
MM24X-03-5195-014 北奥斯汀 435987 5647032 261 150.00 304 -2
MM24X-03-5195-015 北奥斯汀 435987 5647032 261 150.00 300 -18
MM24X-03-5195-016 北奥斯汀 435987 5647032 261 150.00 306 -28
MM24X-03-5195-017 北奥斯汀 435987 5647032 261 171.00 316 -54
MM24X-03-5195-018 北奥斯汀 435987 5647032 261 190.00 307 -19
MM24X-03-5195-019 北奥斯汀 435987 5647032 261 162.00 313 -4
MM24X-03-5195-020 北奥斯汀 435987 5647032 261 150.00 313 -16


DISCUSSION


讨论

Accessed through the Madsen Mine East Portal, the North Austin Zone sits northeast in the footwall of the main Austin Zone. Like the main Austin and South Austin Structures, the North Austin domain is hosted within broad, kilometer-scale planar alteration and deformation corridors that have been repeatedly reactivated during gold mineralization and subsequent deformation and metamorphism.

通过Madsen Mine East Portal进入,北奥斯汀区位于主奥斯汀区的顶板东北侧。与主奥斯汀和南奥斯汀结构一样,北奥斯汀区域位于广泛的千米级平面变质和变形走廊内,这些走廊在黄金矿化和随后的变形和变质作用期间多次重新激活。

At the deposit-scale the Austin, South Austin, North Austin, and McVeigh Zones are locally folded and structurally dismembered by transposition and rotation into the penetrative S2 Foliation. In addition to this intense deformation overprint, the mineralized veins and alteration have been subjected to the relatively high temperatures of amphibolite facies metamorphism, which led to extensive recrystallization and growth of the skarn-like replacement mineral assemblage of diopside-amphibole-quartz-biotite.

在矿床尺度上,奥斯汀、南奥斯汀、北奥斯汀和麦克维区域局部折叠并具有构造性破碎,通过推移和旋转在贯穿性S2岩理构造中。除了这种强烈变形的重叠外,矿化脉和蚀变物还经受了角斑岩相变质的相对高温度,导致砂岩状的更替矿物组合(二辉榴石-角闪石-石英-黑云母)广泛再结晶和长大。

All significant gold mineralization on the mine property is demonstrably early relative to the most significant, penetrative deformation (D2) and metamorphic events. The North Austin Zone displays 'mine-style' alteration and mineralization and consists of multiple mineralized domains defined over a strike length of 0.5km. Mineralization remains open at depth and along strike to the northeast.

矿区内所有重要的黄金矿化明显早于最重要的穿透性变形(D2)和变质事件。北奥斯汀区展示了'矿山风格'的蚀变和矿化,由多个矿化域组成,定义了0.5km的长度。矿化在深度和顶部向东北延伸的地方仍然存在。

In drill core, or at underground face exposures, gold-bearing zones at the Madsen Mine are best identified visually by fine (sub-millimetre) grains of free gold within strong alteration and veining. All high-grade intervals generally contain visible gold on drill core exteriors, although numerous examples exist of high-grade assays where visible gold was only identified within the interior (cut surface) of the core samples. Apart from the presence of free gold, pervasive silicification (locally accompanied by discrete quartz veining) and quartz-carbonate or diopside veining are the best indicators that a given interval is within a high-grade zone along/within the mineralized structure.

在钻孔芯或地下工作面露头中,Madsen Mine的含金带最好通过强烈的蚀变和脉状中的细小(亚毫米级)游离金颗粒来识别。所有高品位间隔通常在钻芯外部含有可见金,尽管存在大量高品位化验的例子,在其中仅在芯样本的内部(切割面)标识出可见金。除了游离金的存在外,普遍存在硅化(局部伴随离散的石英脉)和石英-碳酸盐或二辉榴石脉是表明给定间隔处于矿化结构沿/在高品位带内的最好的指示因子。

The current underground drilling program at the Madsen Mine is focused on further definition of near-term mining inventory, as well as growth of the current mineral resource. Drilling has been focused on the more continuous and higher-grade portions of the Austin, South Austin, and North Austin Zones. This will continue to be the strategy moving into 2025.

目前在麦德森矿山进行的地下钻探项目专注于进一步确定近期采矿存货,以及扩张当前的涉矿概念。钻探重点放在奥斯汀(Austin)、南奥斯汀(South Austin)和北奥斯汀区(North Austin Zones)更加连续和高品位的地方。这一策略将会一直延续到2025年。

High resolution versions of all the figures contained in this press release can be found at the following web address:

此新闻发布中所包含图片的高清版本可在以下网址找到:

FIGURE 2. Madsen Mine long section showing location of 03-5127 and 03-5195 Drill Bays in North Austin Zone.[1]

图2. 麦德森矿山展示北奥斯汀区03-5127和03-5195钻探站的长剖面图。

FIGURE 3. North Austin plan view showing distribution of drilling and reference lines for drill sections in Figures 4 through 7.

图3. 北奥斯汀区平面图,展示图4至7中的钻探和参考线分布。

FIGURE 4. North Austin section view showing assay highlights for Holes MM24X-03-5127-012 through -017.[1]

图4. 北奥斯汀区断面图,展示孔MM24X-03-5127-012至-017的试金高光亮点。

FIGURE 5. North Austin section view showing assay highlights for Holes MM24X-03-5195-011 through -013.[1]

图5. 北奥斯汀区断面图,展示孔MM24X-03-5195-011至-013的试金高光亮点。

FIGURE 6. North Austin section view showing assay highlights for Holes MM24X-03-5195-014 through -016 and -018.[1]

图6. 北奥斯汀区断面图,展示孔MM24X-03-5195-014至-016和-018的试金高光亮点。

FIGURE 7. North Austin section view showing assay highlights for Holes MM24X-03-5195-017, -019 and -020.[1]

图7. 北奥斯汀区断面图,展示孔MM24X-03-5195-017,-019和-020的试金高光亮点。

QUALITY ASSURANCE/QUALITY CONTROL

质量保证/质量控制

Drilling completed underground at the Madsen Mine consists of BQ-sized diamond drill core for definition drill programs and oriented NQ-sized diamond drill core for exploration focused drilling. All drill holes are systematically logged, photographed, and sampled by a trained geologist at the Madsen Mine core processing facility. Minimum allowable sample length is 0.5m. Maximum allowable sample length is 1.5m. Control samples (certified standards and uncertified blanks), along duplicates, are inserted at a target 5% insertion rate. Results are assessed for accuracy, precision, and contamination on an ongoing basis. The BQ-sized drill core is whole core sampled. The NQ-sized drill core is then cut lengthwise utilizing a diamond blade core saw along a line pre-selected by the geologist. To reduce sampling bias, the same side of drill core is sampled consistently utilizing the orientation line as reference. For those samples containing visible gold ("VG"), a trained geologist supervises the cutting/bagging of those samples, and ensures the core saw blade is 'cleaned' with a dressing stone following the VG sample interval. Bagged samples are then sealed with zip ties and transported by Madsen Mine personnel directly to SGS Natural Resource's Facility in Red Lake, Ontario for assay.

麦德森矿山地下钻探由BQ尺寸的金刚石钻探为定义钻探项目,以及定向NQ尺寸的金刚石钻探为勘探钻探专注。所有的钻孔都按照系统化的流程进行记录、拍照,并由训练有素的地质学家在麦德森矿山核心处理设施进行取样。允许的最小样品长度为50米,最大样品长度为150米。除了重复样品之外,还在目标5%的样品中插入控制样品(认证标准和未认证空白样品)。结果还持续进行精确性、精度和污染程度的评估。BQ尺寸的钻孔整体取样。然后使用钻片电锯沿着地质学家预选的线路切割定向的NQ尺寸的钻孔。为了减少取样偏差,始终使用定向线作为参考,一致地进行同一侧的钻孔取样。对于那些包含可见金("VG")的样品,一个受过训练的地质学家监督切割/装袋那些样品并确保岩心锯片在可见金样品间隔之后用砂岩进行清洁。袋装的样品随后被封闭并由麦德森矿山人员直接运往安大略省雷德莱克的SGS(Natural Resource's Facility)进行试金。

Samples are then prepped by SGS, which consists of drying at 105°C and crushing to 75% passing 2mm. A riffle splitter is then utilized to produce a 500g course reject for archive. The remainder of the sample is then pulverized to 85% passing 75 microns from which 50g is analyzed by fire assay and an atomic absorption spectroscopy (AAS) finish (SGS Code GO-FAA50V10). Samples returning gold values > 100 g/t Au are reanalyzed by fire assay with a gravimetric finish on a 50g sample (SGS Code GO_FAG50V). Samples with visible gold are also analyzed via metallic screen analysis (SGS code: GO_FAS50M). For multi-element analysis, samples are sent to SGS's facility in Burnaby, British Columbia and analyzed via four-acid digest with an atomic emission spectroscopy (ICP-AES) finish for 33-element analysis on 0.25g sample pulps (SGS code: GE_ICP40Q12). SGS Natural Resources analytical laboratories operates under a Quality Management System that complies with ISO/IEC 17025.

样品随后由SGS进行预处理,其中包括在105°C下烘干并粉碎至75%通过200万.. 然后使用筛分器产生一个500克的粗留样品进行存档。样品的剩余部分随后粉碎至85%通过75微米,从中分析50克火试金和电子吸收光谱(AAS)(SGS Code GO-FAA50V10)。返回金值> 100 g/t Au的样品将通过重点分析进行重分析(50g样品火试金检测并通过重量进行分析,SGS Code GO_FAG50V)。具有可见金的样品也会进行通过金属屏幕进行分析(SGS代码:GO_FAS50M)。对于多元素分析,样品将被送往位于不列颠哥伦比亚省本拿比市的SGS分析,分析内容包括四酸消解和原子发射光谱(ICP-AES)测定33种元素分析,0.25g样品样品碎片(SGS代码:GE_ICP40Q12)。 SGS Natural Resources分析实验室运行遵循符合ISO / IEC 17025的质量管理体系。

The Madsen Mine deposit presently hosts a National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") Indicated resource of 1.65 million ounces ("Moz") of gold grading 7.4 g/t Au and an Inferred resource of 0.37 Moz of gold grading 6.3 g/t Au. Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US1,800/oz. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to the technical report entitled "Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada", prepared by SRK Consulting (Canada) Inc. and dated June 16, 2023, and amended April 24, 2024 (the "Madsen Report"). 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. A full copy of the Madsen Report is available on the Company's website and on SEDAR+ at .

Madsen矿目前拥有1.65百万盎司(“Moz”)金的National Instrument 43-101 - 矿产项目披露标准(“NI 43-101”)指示资源,评分为7.4 g / t Au,并且具有一37万盎司金的推断资源,评分为6.3 g / t Au。矿产资源根据黄金价格为US1,800/oz和3.38 g/t Au的截止等级进行估算。未经经济核实的矿产资源没有经济性展示。请参阅题为“独立NI 43-101技术报告和纯金矿矿产资源估计”的技术报告,该报告由SRK Consulting(Canada)Inc.编制,日期为2023年6月16日,并于2024年4月24日修订,姓名为“Madsen Report”。 。Madsen Resource的评估具有2021年12月31日的生效日期,不包括从2022年1月1日到矿山于2022年10月24日关闭期间的采矿活动的消耗,因为该消耗被认为是微不足道的并且与Madsen Report的目的无关。可以在公司网站和SEDAR+上获得Madsen Report的完整副本。

The technical information presented in this news release has been reviewed and approved by Will Robinson, P.Geo., Vice President of Exploration for West Red Lake Gold and the Qualified Person for exploration at the West Red Lake Project, as defined by NI 43-101 "Standards of Disclosure for Mineral Projects".

该新闻稿所提供的技术信息已由West Red Lake Gold Mine探勘副总裁Will Robinson,P.Geo.审查并核准,并是唯一探勘NI 43- 101标准下的West Red Lake项目的合格人员。

ABOUT WEST RED LAKE GOLD MINES

关于West Red Lake黄金矿业公司

West Red Lake Gold Mines Ltd. is a mineral exploration company that is publicly traded and focused on advancing and developing its flagship Madsen Gold Mine and the associated 47 km2 highly prospective land package in the Red Lake district of Ontario. The highly productive Red Lake Gold District of Northwest Ontario, Canada has yielded over 30 million ounces of gold from high-grade zones and hosts some of the world's richest gold deposits. WRLG also holds the wholly owned Rowan Property in Red Lake, with an expansive property position covering 31 km2 including three past producing gold mines - Rowan, Mount Jamie, and Red Summit.

West Red Lake Gold Mines Ltd.是一家涉矿概念勘探公司,公开交易,专注于推进和开发其旗舰Madsen Gold Mine及其相关的高达47 km2的高度前景土地包,位于安大略省雷德莱克地区。加拿大西北部地区,黄金产业高产的红湖黄金区域从高品位区域产出了超过3000万盎司的黄金,拥有一些世界上最富有的黄金矿床。WRLG还在雷德莱克拥有100%的Rowan Property,其占地面积广阔,总面积为31 km2,其中包括三个已经停产的黄金矿山- Rowan、Mount Jamie和Red Summit。

ON BEHALF OF WEST RED LAKE GOLD MINES LTD.

代表West Red Lake黄金矿业有限公司。

"Shane Williams"

“Shane Williams”

Shane Williams
President & Chief Executive Officer

Shane Williams
董事长兼首席执行官

FOR FURTHER INFORMATION, PLEASE CONTACT:

如需更多信息,请联系:

Freddie Leigh
Tel: (604) 609-6132
Email: investors@westredlakegold.com or visit the Company's website at

Freddie Leigh
电话:(604) 609-6132
电邮:investors@westredlakegold.com或访问公司网站

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

tsxv的监管服务提供商(在其政策中定义该术语)对本公告的充分性或准确性不承担责任。

FORWARD-LOOKING INFORMATION

前瞻性信息

Certain statements contained in this news release may constitute "forward-looking information" within the meaning of applicable securities laws. Forward-looking information generally can be identified by words such as "anticipate", "expect", "estimate", "forecast", "planned", and similar expressions suggesting future outcomes or events. Forward-looking information is based on current expectations of management; however, it is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the forward-looking information in this news release and include without limitation, statements relating to plans for the restart of mining operations at the Madsen Mine, the potential of the Madsen Mine; any untapped growth potential in the Madsen deposit and the Company's future objectives and plans. Readers are cautioned not to place undue reliance on forward-looking information.

本新闻稿中包含的某些陈述可能构成适用证券法的"前瞻性信息"。前瞻性信息通常可以通过"预期"、"期望"、"估计"、"预测"、"计划"以及类似表明未来结果或事件的表述来识别。前瞻性信息基于管理层当前的期望;但是,它受到已知和未知的风险、不确定性和其他因素的影响,这些因素可能导致本新闻稿中的前瞻性信息与实际结果不符,并包括但不限于有关计划重新启动麦德森矿山采矿活动的计划,麦德森矿山的潜力;麦德森存款中未开发的增长潜力以及公司的未来目标和计划。读者应该不要过度依赖前瞻性信息。

Forward-looking information involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking information. These risks and uncertainties include, among other things, market volatility; the state of the financial markets for the Company's securities; fluctuations in commodity prices; timing and results of the cleanup and recovery at the Madsen Mine; and changes in the Company's business plans. Forward-looking information is based on a number of key expectations and assumptions, including without limitation, that the Company will continue with its stated business objectives and its ability to raise additional capital to proceed. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Additional information about risks and uncertainties is contained in the Company's management's discussion and analysis for the year ended November 30, 2023, and the Company's annual information form for the year ended November 30, 2023, copies of which are available on SEDAR+ at .

前瞻性信息涉及多种风险和不确定因素,实际结果可能与任何前瞻性信息所暗示的结果有所不同。这些风险和不确定因素包括但不限于市场波动性;公司证券的金融市场状况;大宗商品价格波动;马德森矿的清理和恢复的时间和结果,以及公司业务计划的变更。前瞻性信息基于许多关键期望和假设,包括但不限于公司将继续实行其声明的业务目标以及筹集额外资本以继续前进的能力。尽管公司管理层已试图确定可能导致实际结果与前瞻性信息有重大不同之重要因素,但可能还有其他因素导致结果不如预期、估计或预期的那样。不能保证此类前瞻性信息将被证明是准确的,因为实际结果和未来事件可能与前瞻性信息中所暗示的不同。因此,读者不应过分依赖前瞻性信息。读者应注意,依赖这种信息可能不适合其他目的。公司的风险和不确定因素的附加信息在公司于2023年11月30日的管理层讨论和分析中,以及公司于2023年11月30日的年度信息表中均有涉及,拷贝可在Sedar+获取。

The forward-looking information contained herein is expressly qualified in its entirety by this cautionary statement. Forward-looking information reflects management's current beliefs and is based on information currently available to the Company. The forward-looking information is made as of the date of this news release and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law.

本文中所包含的前瞻性信息明确受到本警告声明的限制。前瞻性信息反映了管理层当前的信念,并基于当前对公司可获得信息的理解。前瞻性信息是根据本新闻稿的日期制作的,公司假定不具备将更新或修订此类信息以反映新事件或情况的义务,除非适用法律要求。

For more information on the Company, investors should review the Company's continuous disclosure filings that are available on SEDAR+ at .

[1] Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US1,800/oz. Please refer to the technical report entitled "Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada", prepared by SRK Consulting (Canada) Inc. and dated June 16, 2023, and amended April 24, 2024. A full copy of the SRK report is available on the Company's website and on SEDAR+ at .

[1] 按照削减等级为3.38 g/t Au和黄金价格为US1,800/盎司估算的矿物资源。请参阅SRk Consulting(Canada)公司于2023年6月16日编制并于2024年4月24日修订的题为"PureGold 矿山独立NI 43-101技术报告和更新矿产资源估算"的技术报告。完整的SRk报告可在公司的网站和SEDA+上获取。

Photos accompanying this announcement are available at:

附带此公告的照片可在以下链接中找到:


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