West Pink Lake Gold Mines is presently working in the direction of a restart on the Madsen Gold Mine within the Pink Lake Gold District of Northwest Ontario, Canada. A Pre-Feasibility Examine (PFS) for the Madsen Mine is focused for launch in early 2025. The WRLG administration group tasks a mine-restart date in 2025.
Vancouver, BC, Canada, twenty seventh Nov 2024 – Sponsored content material disseminated on behalf of West Pink Lake Gold. On November 21, 2024 West Pink Lake Gold Mines (TSXV: WRLG) (OTCQB: WRLGF) reported further drill outcomes that outline a brand new ore shoot on the Higher 8 Goal following up on the October 2, 2024 intercepts of 44.17 g/t Au over 1.3 meters and 20.63 g/t Au over 0.5 meters.
West Pink Lake Gold Mines is presently working in the direction of a restart on the Madsen Gold Mine within the Pink Lake Gold District of Northwest Ontario, Canada. A Pre-Feasibility Examine (PFS) for the Madsen Mine is focused for launch in early 2025. The WRLG administration group tasks a mine-restart date in 2025.
“Our main objective this year with the surface drill program was to make new discoveries,” Will Robinson, VP of Exploration informed Man Bennett, CEO of World Shares Information (GSN). “We have been focusing on drill targets generated from our conceptual modeling that possess the geologic potential to produce high grades.”
“The initial results we received from Upper 8 were very encouraging and motivated our team to add a second drill to focus solely on this new high-grade area,” acknowledged Shane Williams, WRLG President and CEO within the November 21, 2024 press launch.
“Upper 8 was already a shallow geologic analog to the deeper 8 Zone, but with the exceptional grades and visible gold showings we’re now encountering, this target is becoming truly reminiscent of the high-grade gold mineralization Red Lake is known for,” continued Williams.
“It’s still early days, but we believe the Upper 8 target has the potential to become the next new significant discovery in the Red Lake gold camp and supports the likelihood for the presence of more high-grade deposits like 8-Zone yet to be discovered across the Madsen property.”
“If you compare 8-Zone with Upper 8, you’ll see the structural repetition in the way the mineralisation is oriented in these two shoots,” confirmed Robinson. “Our theory is that we may have one or two more of these zones stacked between Upper 8 and the deeper 8-Zone. Next year, we’ll get back in there with the drill, to test that theory.”
The Higher 8 goal is hosted throughout the similar lithologic unit (Russet Lake Ultramafic) roughly 750m up-plunge from the primary 8-Zone deposit.
Its location in ultramafic rocks, its model of mineralization, and its exceptionally excessive grades make the 8 Zone geologically distinctive from the primary Madsen deposit.
The 8 Zone presently incorporates an Indicated mineral useful resource of 87,700 ounces @ 18 grams/tonne gold, with an extra Inferred useful resource of 18,200 oz @ 14.6 grams/tonne gold.
“The size of the Upper 8 shoot that we’ve defined is similar in size and scale to the deeper high-grade 8 Zone,” Robinson informed GSN. “The new shoot is 30 meters wide and 130 meters along plunge. We’ve only got 15 or 16 holes in the Upper 8. We are in an early stage of drilling on this target, but I’m encouraged by what we’re seeing. The geology is holding together.”
“The Pre-Feasibility Study (PFS) for the Madsen Mine is nearing completion,” acknowledged WRLG within the November 21, 2024 press launch. “The final phase of this study involves optimizing underground development and infrastructure sequencing and refining the associated operating and capital costs. West Red Lake Gold is working with SRK Consulting on these optimization opportunities, a process that is expected to take an additional few weeks to complete. As such the PFS is now targeted for release early in 2025”.
The WRLG Pre Feasibility research can be based mostly on:
1. Actual Costing: Working underground on the Madsen Mine for the final yr means West Pink Lake Gold understands the true prices for blasting, mucking, and haulage of mined materials.
2. Closing Engineering: The Madsen Mine is actually constructed. With the mine having operated as just lately as 2022 and with West Pink Lake Gold having studied and remedied lots of the points from that interval over the past 18 months, there are only a few unresolved engineering questions at Madsen.
3. Detailed Mine Plan: West Pink Lake Gold has constructed an in depth mine design for the primary 18 months of operation and intends to have 24 months of definition drilled in-situ mineral stock outlined previous to restart, which is focused for mid-2025. This degree of operational readiness far exceeds what’s typical on the PFS stage in most growth situations.
“Today, a tight labour market has made filling mining jobs harder than ever,” experiences the Canadian Mining Journal. “Headhunting has become widespread, negotiations have gotten more complex, and as the industry is experiencing a wave of retirements.”
“Training is extremely important,” Robinson informed GSN, acknowledging the problem. “So are working conditions. We have a beautiful new camp at the mine site. Every room has its own restroom. That’s a perk usually reserved for top brass. A lot of the workforce live locally in Red Lake. But we have diesel mechanics, welders and pipe fitters flying in from other areas. In this tight labour market, the quality of the camp is an important part of worker retention.”
West Pink Lake has partnered with Horizon North to supply the 114-person lodging and mine dry services for the Madsen mine web site.
Typical Horizon North Facility Constructed for Canadian Mining Camps
The Madsen Mine deposit presently hosts an NI 43-101 Indicated useful resource of 1.65 million ounces of gold grading 7.4 g/t gold and an Inferred useful resource of 0.37 Moz of gold grading 6.3 g/t gold. [1.] [2.] [3.]
The technical data offered on this information launch has been reviewed and accepted by Will Robinson, P.Geo., Vice President of Exploration for West Pink Lake Gold and the Certified Particular person for exploration on the West Pink Lake Undertaking, as outlined by NI 43-101 “Standards of Disclosure for Mineral Projects”.
Contact: man.bennett@globalstocksnews.com
Disclaimer: West Pink Lake Gold paid World Shares Information (GSN) $1,500 for the analysis, writing and dissemination of this content material.
Full Disclaimer: GSN researches and fact-checks diligently, however we can’t guarantee our publications are free from error. Investing in publicly traded shares is speculative and carries a excessive diploma of threat. GSN publications might comprise forward-looking statements reminiscent of “project,” “anticipate,” “expect,” that are based mostly on affordable expectations, however these statements are imperfect predictors of future occasions. When compensation has been paid to GSN, the quantity and nature of the compensation can be disclosed clearly.
References:
- SRK Consulting. (2021). Impartial NI 43-101 Technical Report and Up to date Mineral Useful resource Estimate for the PureGold Mine, Canada (West Pink Lake Gold Mines, Ed.) [Evaluate of Impartial NI 43-101 Technical Report and Up to date Mineral Useful resource Estimate for the PureGold Mine, Canada.
- Mineral sources are estimated at a cut-off grade of three.38 g/t Au and a gold value of US1,800/oz. Please seek advice from the technical report entitled “Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada”, ready by SRK Consulting (Canada) Inc., and dated June 16, 2023, and amended April 24, 2024. A full copy of the SRK report is accessible on the Firm’s web site and on SEDAR+ at www.sedarplus.ca
- Mineral sources that aren’t mineral reserves do not need demonstrated financial viability. Please seek advice from the technical report entitled “Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada”, ready by SRK Consulting (Canada) Inc., and dated June 16, 2023, and amended April 24, 2024. The Madsen Useful resource Estimate has an efficient date of December 31, 2021 and excludes depletion of mining exercise through the interval from January 1, 2022 to the mine closure on October 24, 2022 because it has been deemed immaterial and never related for the aim of the up to date report. A full copy of the SRK report is accessible on the Firm’s web site and on SEDAR+ at www.sedarplus.ca
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The publish Structural Repetition: West Pink Lake Gold’s New Ore Shoot is Just like the Excessive-Grade 8-Zone appeared on King Newswire. It’s offered by a third-party content material supplier. King Newswire makes no warranties or representations in reference to it.
