WEST RED LAKE GOLD INTERSECTS 14.18 GPT GOLD OVER 7.8 METRES AT THE NT ZONE INCLUDING 35.26 GPT GOLD OVER 3.0 METRES
January 30 2019 - 11:08AM
InvestorsHub NewsWire
WEST RED LAKE GOLD INTERSECTS 14.18 GPT GOLD OVER 7.8
METRES AT THE NT ZONE INCLUDING 35.26 GPT GOLD OVER 3.0
METRES
Toronto, ON -- January 30, 2018 -- InvestorsHub NewsWire -- West
Red Lake Gold Mines Inc. (“West Red Lake Gold” or the “Company”)
(CSE:
RLG) (OTCQB:
RLGMF) (FSE: HYK)
announces that it has intersected
14.18 grams per tonne gold (“gpt Au”) over 7.8 metres (“m”)
including 35.26 gpt Au over 3.0 m during exploration drilling at
the NT Zone on the Rowan Mine Property in the prolific Red Lake
Gold District of northwestern Ontario. The Company also intersected
6.51 gpt Au over 9.3 m plus several additional positive gold
intersections from shallow drilling (see diamond drill results
table below).
Drill Highlights
Include:
- 14.18 gpt Au over 7.8 m, including
35.26 gpt Au over 3.0 m
- 6.51 gpt Au over 9.3 m
- 3.76 gpt Au over 5.6 m
- 13.80 gpt Au over 1.8 m
West Red Lake Gold completed 1,443 m
of diamond drilling in eight shallow holes along
a 250 m portion of the NT Zone which is
interpreted to be approximately 2 km in length. The current
drilling followed the NT Zone from the south property boundary
along trend to the northeast. The next drill program on the
property is planned to follow the NT Zone further along strike to
the northeast.
Mr. John Kontak, President of West
Red Lake Gold stated “We believe these results demonstrate that the
2 km long NT Zone holds significant exploration potential and we
plan to focus exploration drilling at the NT Zone.”
Red Lake Gold Mines, a subsidiary of
Goldcorp and the 40% joint venture partner of the Company in the
Rowan Mine Property, undertook surface exploration work on the
property during the fall of 2018. The exploration work identified
several areas of exploration potential including the location of
these positive NT Zone drill results and additional NT Zone targets
further to the northeast that are situated within the Structural
Intersection area of the property.
All of the current holes intersected
the NT Zone which consists of a broad hydrothermal deformation zone
comprised of ultramafic, mafic and felsic volcanics as well as iron
formation. The drilling intersected in excess of 100 m of pervasive
alteration in every hole and most of the holes ended in alteration.
All the lithologies have undergone intensive pervasive hydrothermal
alteration consisting of extensive sericitization, silicification
and carbonatization. This results in a sequence of rocks consisting
of predominately sericite, iron carbonate, silica / quartz and
fuchsite. Sulphide mineralization, consisting of pyrite, pyrrhotite
and sphalerite, is also associated with the alteration package.
Technical Information
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”).
All drilling was completed using NQ
size core. Gold analyses on the samples collected by West Red Lake
Gold were performed 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 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
3,100 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.
For more information, please
contact: John Kontak, President
Phone:
416-203-9181
Email:
jkontak@rlgold.ca
LinkedIn: https://www.linkedin.com/company/west-red-lake-gold/
Twitter: https://twitter.com/westredlakegold
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.
West Red Lake
Project Diamond Drill Results
Table
Hole
# |
UTM
Easting |
UTM
Northing |
UTM
ele |
dip |
Az |
length |
from
(m) |
to
(m) |
length
(m) |
Au-gpt |
RLG-18-56 |
421,270 |
5,656,858 |
371 |
-45 |
325 |
150 |
82.0 |
84.0 |
2.0 |
1.69 |
|
|
|
|
|
|
|
87.0 |
88.0 |
1.0 |
1.80 |
|
|
|
|
|
|
|
100.2 |
102.0 |
1.8 |
13.81 |
RLG-18-57 |
421,270 |
5,656,858 |
371 |
-60 |
325 |
177 |
96.0 |
103.5 |
7.5 |
1.33 |
|
|
|
|
|
|
|
|
incl |
1.5 |
3.19 |
|
|
|
|
|
|
|
106.5 |
108.0 |
1.5 |
1.13 |
|
|
|
|
|
|
|
150.5 |
152.0 |
1.5 |
2.67 |
RLG-18-58 |
421,211 |
5,656,859 |
375 |
-45 |
275 |
201 |
67.5 |
69.2 |
1.7 |
1.44 |
RLG-18-59 |
421,211 |
5,656,859 |
375 |
-55 |
275 |
186 |
70.0 |
76.7 |
6.7 |
1.31 |
|
|
|
|
|
|
|
|
incl |
1.2 |
2.82 |
|
|
|
|
|
|
|
85.8 |
87.3 |
1.5 |
2.15 |
RLG-18-60 |
421,366 |
5,656,868 |
374 |
-45 |
325 |
171 |
30.5 |
32.0 |
1.5 |
1.01 |
|
|
|
|
|
|
|
62.7 |
68.3 |
5.6 |
3.76 |
|
|
|
|
|
|
|
|
incl |
1.4 |
8.87 |
|
|
|
|
|
|
|
73.2 |
74.8 |
1.6 |
1.50 |
|
|
|
|
|
|
|
86.9 |
88.2 |
1.3 |
1.62 |
RLG-18-61 |
421,366 |
5,656,868 |
374 |
-55 |
325 |
159 |
28.7 |
29.9 |
1.2 |
2.15 |
|
|
|
|
|
|
|
32.5 |
33.9 |
1.4 |
1.92 |
|
|
|
|
|
|
|
59.5 |
68.8 |
9.3 |
6.51 |
|
|
|
|
|
|
|
|
incl |
1.2 |
9.52 |
|
|
|
|
|
|
|
73.1 |
74.5 |
1.4 |
1.03 |
|
|
|
|
|
|
|
85.2 |
93.0 |
7.8 |
14.18 |
|
|
|
|
|
|
|
|
incl |
3.0 |
35.26 |
|
|
|
|
|
|
|
|
incl |
1.4 |
60.69 |
RLG-18-62 |
421,437 |
5,656,936 |
380 |
-45 |
320 |
219 |
13.1 |
14.1 |
1.0 |
9.85 |
|
|
|
|
|
|
|
107.4 |
108.4 |
1.0 |
8.69 |
|
|
|
|
|
|
|
136.0 |
137.7 |
1.7 |
1.13 |
RLG-18-63 |
421,456 |
5,656,907 |
378 |
-60 |
320 |
180 |
33.7 |
38.0 |
4.3 |
1.86 |
|
|
|
|
|
|
|
|
incl |
1.0 |
5.62 |
|
|
|
|
|
|
|
50.7 |
52.0 |
1.3 |
5.14 |
|
|
|
|
|
|
|
98.5 |
100.1 |
1.6 |
1.10 |
|
|
|
|
|
|
1,443 |
metres |
|
|
|
Intervals
reported here are core lengths. True widths are not known at this
time. All depths are reported as down
hole.
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