West Red Lake Gold Provides Exploration Update and Plans New Program for March 2018
February 23, 2018 (Source) — West Red Lake Gold Mines Inc. (“West Red Lake Gold” or the “Company”) (CSE: RLG) (FWB: HYK) (OTCQB: RLGMF) announces exploration drill results from the November 2017 drill program on the Company’s 3100 hectare West Red Lake Project located in the Red Lake Gold District, Northwestern Ontario, Canada. The next program to expand the Rowan Gold Zones to greater depth is planned to begin in March 2018.
The exploration drill program plan was designed by the joint venture partnership in Red Lake to explore and test geological targets in the area of the Rowan Mine Zones, and also to explore two targets in the Structural Intersection area located approximately 1km east of the Rowan Mine Zones. See results in the table below.
The program was carried out from late October to early December 2017 and consisted of 2402 metres of drilling over five drill holes. Two holes were drilled near the Rowan Mine Shaft with the deeper hole targeting porphyry formation at depth. A third hole located 200 metres west of the Rowan Mine Shaft was drilled to test a geological contact for potential increased hydrothermal activity with attendant mineralization.
In the Structural Intersection two holes were drilled into fold hinge targets identified by magnetic geophysics. The fold hinges are located approximately 2km east of the Rowan Mine Shaft at the intersection of northeast and northwest trending shear zone structures. The regional scale Pipestone Bay St Paul Deformation Zone and Newman Todd Structure host multiple gold zones.
The next program planned to begin in March 2018 will drill deeper holes with the objective to expand the Rowan Gold Zones to significantly greater depth.
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”). 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.
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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 Fault Structure and the sub-parallel Newman Todd Structure 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 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 area 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. The PBS Zone strikes east-west across the 12 km length of the property, and then continues east towards the town of Red Lake. A second gold bearing regional structure, the Golden Arm Fault Structure and the sub-parallel Newman Todd Structure trend on to the property from the southwest and trend toward and then intersect with the PBS Zone resulting in the Structural Intersection approximately 1 km east of the Rowan Mine Zones. Twenty km to the east 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 and illustrating the significant exploration potential for high grade gold zones on the Company’s West Red Lake Project.
The information presented in this 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”).
All drilling was completed using NQ size core. Gold analysis of the samples collected by West Red Lake Gold were assayed by SGS Laboratories Ltd. Analysis consisted of a fire assay of a 50-gram sample with an atomic absorption finish. Samples assaying over 10.0 gpt Au are re-assayed with gravimetric finish. Samples noted to contain visible gold are analyzed via total metallic assay method. A rigorous Quality Control and Assurance Program is in place using control samples including blanks and standards.
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 nearly 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, 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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