West Red Lake Gold Plans Exploration Drill Program at Red Lake
January 27, 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 its 3100 hectare West Red Lake Project located in the prolific Red Lake Gold District, Northwestern Ontario, Canada is planned to begin during the last week of January 2017.
The exploration drill program is designed to further explore and expand the Rowan Mine Zones along strike and down plunge to depth to the east of the gold mineralization outlined to date. The drilling will follow up on previous results reported on February 6, 2015 which included 29.97 grams per tonne gold over 4.0 metres and 162.0 grams per tonne over 1.50 metres. The Company also plans exploration drilling to expand the Rowan Mine Zones along strike to the west.
Mr. John Kontak, President of West Red Lake Gold Mines stated “We are very pleased that we were able to raise exploration funds at year-end and these funds will allow us to continue our diamond drilling programs on our promising Red Lake property during 2017. We continue to believe that the property holds significant exploration potential and that the planned follow-up drilling is warranted”.
The Rowan Mine Zones lie within the east-west trending regional shear structure known as the Pipestone Bay St Paul Deformation Zone (the “PBS Zone”) which is a regional geological structure that crosses the Company property and continues east to the town of Red Lake. 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. Three former gold mines on the West Red Lake Project property are situated on the PBS Zone. 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.
The intersection of the regional scale geological structures form the structural intersection target area (the “Structural Intersection”) which is located 1.5 km east of the Rowan Mine shaft. The Company has identified an attractive drill target in the southeast quadrant of the Structural Intersection where a geophysical target is underlain by a mafic-ultramafic contact. Most of the significant gold deposits in Red Lake are found in association with a contact of mafic and ultramafic rocks. This exploration area of the property is held in the form of crown claims and the Company plans to drill the target area in a future exploration program upon receipt of an exploration permit.
The Company property is situated on the Red Lake Archean Greenstone Belt which hosts the high grade gold mines of the Red Lake Gold District. Twenty km to the east of the Company property a similar geologically important intersection of two regional gold bearing structures occurs proximal to the world class Red Lake Mine and Campbell Mine, providing a highly favourable geological model believed to be similar to that seen at the Structural Intersection and illustrating the significant exploration potential for high grade gold zones on the Company’s West Red Lake Project.
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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 and the Company plans to continue to explore the property both along strike and to depth. To find out more about West Red Lake Gold Mines, 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.
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