Successful Definition Of High Grade Mineralization In South Austin

Successful Definition Of High Grade Mineralization In South Austin

VANCOUVER – Shane Williams, President & CEO of West Red Lake Gold Mines Ltd., reported, “The South Austin zone at Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada has been producing very high grades and impressive widths in the definition drilling program to begin 2025 – often associated with the presence of visible gold. The team is successfully defining a panel of very high-grade mineralization in South Austin between 8L and 12L of the mine. It is becoming apparent that a lot of high-grade material was left behind in this area by historic operators and we are taking full advantage of this low hanging fruit that sits immediately adjacent to our existing underground development. These organic growth opportunities are exciting because they represent high margin ounces that can be sequenced into our mine plan very efficiently. As drilling progresses at depth we expect to uncover more areas of untapped potential and look forward to providing further updates as assay results continue to be received.”

These drill results are located approximately 50 meters (m) up-dip from the South Austin intercepts where drilling returned 114.26 grams per tonne (g/t) gold (Au) over 10.6m, 77.90 g/t Au over 3m and 24.48 g/t Au over 8.5m. This area is also approximately 300 m up plunge from the drill results recently announced where drilling returned 48.97 g/t Au over 18.7m, 52.86 g/t Au over 4.5m and 25.49 g/t Au over 7.5m. The South Austin zone continues to demonstrate significant grade and thickness potential at depth and along strike, which is being fully realized and accurately defined through definition drilling.

The purpose of this drilling was definition and expansion within priority areas of South Austin to continue adding to an already substantial inventory of high-confidence ounces to support the restart of production at the Madsen mine.

The South Austin Zone currently contains an Indicated mineral resource of 474,600 ounces (oz) grading 8.7 g/t Au within 1.7 million tonnes (Mt), with an additional Inferred resource of 31,800 oz grading 8.7 g/t Au within 0.1 Mt.