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West Red Lake Gold Mines Inc.
Summary
| Project: | West Red Lake | |
|---|---|---|
| Deposit: | Rowan Mine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/4/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-7-2018: West Red Lake Gold Mines Inc. announces an Exploration/Drilling Update report for its Rowan Mine deposit at the West Red Lake project. Drilling results incl. 1.5m @ 4.39g/t Au from 1163.5m. West Red Lake Gold Mines Inc. (“West Red Lake Gold” or | |
| Resources: | (Resource, Inf.) 4.4689Mt @ 7.57g/t Au for 1.087Moz Au contained at Rowan Mine | |
| CP/QP: | [Overall Report]: Kenneth Guy (Independent) | |
| ABSTRACT: | West Red Lake Gold Mines Inc. (“West Red Lake Gold” or the “Company”) (CSE: RLG) (FSE: HYK) (OTCQB: RLGMF) announces the completion of a deep diamond drill hole to test the extension of the Rowan gold mineralization at a depth of approximately 500 metres below the present resource and previous exploration drilling. The 1,272 metre length hole intersected the altered mafic volcanics that host the Rowan mineralization at a depth of 1,122 meters or approximately 1,050 metres below surface. The interval from 1,163.5 to 1,165.0 metres assayed 4.39 grams per tonne Au over 1.5 metres within a 6 meter sericite, carbonate altered feldspar porphyry hosted within the altered mafic volcanic sequence. The presence of gold mineralization within the favourable hydrothermal alteration system hosting the Rowan mineralization 500 metres below the present resource estimate is very encouraging for future exploration to increase the resource at depth. The Rowan Mine property presently hosts a National Instrument 43-101 (“NI 43-101”) inferred mineral resource of 4,468,900 tonnes at an average grade of 7.57 grams per tonne Au containing 1,087,700 ounces of gold with a cut-off grade of 3.0 grams per tonne (NI 43-101 Technical Report dated February 16, 2016 filed on sedar.com). The inferred resource is located along a 1.8 km strike length from surface down to a depth of 550 metres at the location of the historic underground Rowan Mine site. | |
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