West Red Lake Gold Exploration Drill Plan
May 24, 2017 (Source) — West Red Lake Gold Mines Inc. (“West Red Lake Gold” or the “Company”) (CSE: RLG) (FSE: HYK) (OTCQB: RLGMF) announces that the next phase of exploration drilling on the 3100 hectare West Red Lake Project located in the Red Lake Gold District, Northwestern Ontario, Canada is planned to begin at the end of May 2017.
An initial hole will be drilled to test the Structural Intersection target located 1.5 km east of the Rowan Mine Zones. The Structural Intersection target is situated where the northeast trending Golden Arm Structure intersects the east-west trending regional shear structure known as the Pipestone Bay St Paul Deformation Zone (the “PBS Zone”). The initial hole will be drilled from southeast to the northwest into the Golden Arm Structure to test the area of mafic-ultramafic contact identified as an exploration target by the underlying geology and an airborne AMT geophysical survey. The contact of brittle mafic rocks with the softer ultramafic rocks provides a geological environment for gold deposition. The majority of the gold deposits in the Red Lake Gold District are found at or near the contact of mafic rocks and ultramafic rocks.
In addition, several holes ranging from 50 to 150 metres deep will be drilled into the Mount Jamie Mine Zones which appear to be geologically similar to the Rowan Mine Zones. Both the Mount Jamie Mine Zones and the Rowan Mine Zones lie within the PBS Zone. Gold zones 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.
Deeper drilling to extend the Rowan Mine Zones to depth is planned in future work programs.
Three former gold mines on the West Red Lake Project property are situated on the east-west trending PBS Zone, a regional geological structure which crosses the Company property and continues east to the town of Red Lake. 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 PBS Zone.
Get our daily investorintel update
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” (“NI 43-101”).
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 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. The Company plans to continue to explore the property both along strike and to depth. To find out more about West Red Lake Gold, please visit our website at http://www.westredlakegold.com.
The 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.
InvestorIntel is a trusted source of reliable information at the forefront of emerging markets that brings investment opportunities to discerning investors.