West Red Lake Gold Mines Drilling Intersects High-Grade Gold At Rowan Lake Mine Property
15.04.2013 | FSCwire
95.9 g/t Au Over 2 Metres Including 152.0 g/t Over 1 Metre. 92.6 g/t and 75.3 g/t Au Over 1 Metre IntervalsToronto, Ontario CANADA, April 15, 2013 /FSC/ - West Red Lake Gold Mines Inc. (RLG - CNSX),is pleased to announce that it has received gold assays from its winter drilling program at its 60%-owned Rowan Lake Mine property held in a Joint Venture with Red Lake Gold Mines, an affiliate of Goldcorp Inc.
The Company recently completed an 8 hole, 3,283 metre drilling program at the Rowan Lake Mine Main Zone structure (see news release dated April 2, 2013). Drilling focused on the Rowan Main Breccias and the Rowan Main Zones.
Highlights of the 2013 winter drilling
* Extended, to the east, the Rowan Main Zones of the former producing Rowan Lake Mine
* Extended, to the east, the Breccia Corridor adjacent to the Rowan Mine Main Zone structure
* Hole RLG-13-02 returned gold values of 152.0, 75.3, 39.7 and 7.5 g/t Au over 1 metre intervals within the east extension of the Rowan Lake Mine vein systems
* Hole RLG-13-03 returned 92.6, 12.7, 6.4 g/t Au over 1 metre intervals within the east extension of the Rowan Lake Mine vein systems
* In total, more than 60 assays from 1 to 10 g/t Au, over 1 metre intervals, were returned from the 8 drill hole program
The assay results are shown in Table 1 (only assays greater than 0.5 g/t reported). A plan view with the highlights of the drilling results can be seen in Maps 1 & 2 at the end of this news release.
Table 1: Significant Results
--------------------------------------------------------
Hole ID From(m) To(m) Width(m) Au g/t
--------------------------------------------------------
Assays greater than 10 g/t Au
--------------------------------------------------------
RLG-13-02 composite 308 310 2 95.9
RLG-13-02 including 308 309 1 39.7
RLG-13-02 and including 309 310 1 152.0
RLG-13-02 486 487 1 75.3
RLG-13-03 97 98 1 12.7
RLG-13-03 185 186 1 92.6
--------------------------------------------------------
Assays 5-10 g/t Au
--------------------------------------------------------
RLG-13-02 438 439 1 7.5
RLG-13-03 composite 196 202 6 3.1
RLG-13-03 including 196 197 1 4.5
RLG-13-03 and including 198 199 1 3.8
RLG-13-03 and including 200 201 1 6.4
RLG-13-04 composite 356 358 2 5.7
RLG-13-04 including 356 357 1 4.6
RLG-13-04 and including 357 358 1 6.8
RLG-13-04 469 470 1 5.5
RLG-13-06 233 234 1 9.3
RLG-13-07 18 19 1 5.8
--------------------------------------------------------
Assays 2-5 g/t Au
--------------------------------------------------------
RLG-13-01 197 198 1 3.2
RLG-13-01 256 257 1 5.0
RLG-13-01 265 266 1 2.3
RLG-13-02 418 419 1 3.4
RLG-13-02 452 453 1 3.9
RLG-13-02 489 490 1 2.8
RLG-13-02 561 562 1 2.5
RLG-13-03 76 77 1 3.4
RLG-13-03 193 194 1 3.3
RLG-13-03 196 197 1 4.5
RLG-13-03 198 199 1 3.8
RLG-13-03 201 202 1 2.3
RLG-13-04 128 129 1 2.6
RLG-13-04 356 357 1 4.6
RLG-13-04 417 418 1 3.0
RLG-13-04 545 546 1 3.9
RLG-13-06 212.9 214 1.1 3.9
RLG-13-07 17 18 1 4.0
RLG-13-08 23 24 1 4.5
RLG-13-08 25 26 1 3.4
RLG-13-08 291 292 1 2.1
--------------------------------------------------------
Assays 1-2 g/t Au
--------------------------------------------------------
RLG-13-01 31 32 1 1.2
RLG-13-01 32 33 1 1.0
RLG-13-01 202 203 1 1.9
RLG-13-01 214 215 1 1.4
RLG-13-01 215 216 1 1.3
RLG-13-01 244 245 1 1.4
RLG-13-01 257 258 1 1.3
RLG-13-02 29 30 1 1.3
RLG-13-02 33 34 1 1.1
RLG-13-02 283 284 1 1.1
RLG-13-02 305 306 1 1.5
RLG-13-02 399 400 1 1.1
RLG-13-02 461 462 1 1.5
RLG-13-02 562 563 1 1.0
RLG-13-03 191 192 1 1.0
RLG-13-03 197 198 1 1.0
RLG-13-03 335 336 1 1.4
RLG-13-03 377 378 1 1.4
RLG-13-03 425 426 1 1.5
RLG-13-04 484 485 1 1.5
RLG-13-04 514 515 1 1.2
RLG-13-04 560 561 1 1.7
RLG-13-04 561 562 1 1.5
RLG-13-05 128 129 1 1.1
RLG-13-05 164 164.8 0.8 1.2
RLG-13-05 247 248 1 1.6
RLG-13-05 248 249 1 1.2
RLG-13-07 19 20 1 1.5
RLG-13-08 16 17 1 1.0
RLG-13-08 19 20 1 1.0
RLG-13-08 22 23 1 1.8
RLG-13-08 47 48 1 1.4
RLG-13-08 48 49 1 1.0
--------------------------------------------------------
Assays 0.5-0.9 g/t Au
--------------------------------------------------------
RLG-13-01 195 196 1 0.7
RLG-13-01 199 200 1 0.6
RLG-13-01 247 248 1 0.8
RLG-13-01 259 260 1 0.5
RLG-13-01 266 267 1 0.5
RLG-13-02 50 51 1 0.9
RLG-13-02 322 323 1 0.8
RLG-13-02 466 467 1 0.8
RLG-13-02 467 468 1 0.6
RLG-13-02 482 483 1 0.6
RLG-13-02 483 484 1 0.5
RLG-13-02 484 485 1 0.8
RLG-13-04 74 75 1 0.8
RLG-13-04 161 162 1 0.7
RLG-13-04 432 433 1 0.7
RLG-13-05 103 104.3 1.3 0.7
RLG-13-07 76 77 1 0.6
RLG-13-08 21 22 1 0.6
--------------------------------------------------------
* Width is calculated as core length and does not imply width of zone
Discussion of the Results
Gold is usually associated with relatively narrow quartz veins, which can be located inside or outside of the breccias in the metavolcanics and/or iron formation.
The highest assay of gold, 152.0 g/t Au, was encountered in the intermediate/mafic volcanics between two of the known historical Rowan Main Zone Gold Veins. The second highest assay of 92.6 g/t gold was intercepted in the quartz-carbonate breccia.
A detailed geological interpretation of the results, in light of the Company's current exploration concept, is underway and will be released in the near future. The upcoming interpretation will be incorporating historical drilling as well as the results of 2010 and 2011 exploration and drilling programs. This interpretation will set a foundation for the next phase of the drilling at the Rowan Lake Mine Main Zone structure.
Robert Seitz, President and CEO of West Red Lake Gold Mines, states "These latest results, which include very high-grade intervals, further support our geological interpretations and show significant continuity to the gold mineralization. This drilling demonstrates the structural controls are complex, with each new hole providing information for the optimization of follow up drilling to the east where there is an expected fold nose in the breccia corridor that is close to the interpreted strike projection of the Rowan Mine Vein Systems. Results from drilling at the Rowan Lake Mine, Mount Jamie Mine and Red Summit Mine properties continue to support management's opinion that the Company's properties have the potential to evolve into a significant gold deposit in the Red Lake District."
Vadim Galkine, P.Geo and Matt Long, P.Geo (42.2K Geological Consulting Inc, Red Lake, ON) managed the drilling program, logged the core and supervised the core sampling for gold assays.
Drilling operations at the Rowan Lake Mine property were carried out by Chibougamau Diamond Drilling Ltd. of Chibougamau, Quebec.
Core samples from the Rowan program were cut in half using a diamond cutting saw and sent to ActLabs, an accredited mineral analysis laboratory in Red Lake, Ontario, for preparation and analysis utilizing both fire assay and screen metallic methods. Certified gold reference standards, blanks and field duplicates were routinely inserted into the sample stream as part of WR quality control/quality assurance program.
Vadim Galkin, PhD, P.Geo, who is a qualified person under the definition of National Instrument 43-101, has reviewed and approved the technical information contained in this press release.
About West Red Lake Gold Mines Inc
West Red Lake Gold Mines is a Toronto-based mineral exploration company focused on the gold exploration and development business in the prolific Red Lake Mining District of Northwestern Ontario, Canada. The Company has assembled a significant property position totalling approximately 3,500 hectares in west Red Lake. The Mount Jamie Mine and Red Summit Mine properties are 100% owned by West Red Lake Gold Mines and the Rowan Lake 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 properties cover a 12 kilometre distance along the West Red Lake Trend, containing 3 former producing gold mines, and the Company continues to explore these properties both along strike and at depth. To find out more about West Red Lake Gold Mines Inc (CNSX: RLG), please visit our website at http://www.westredlakegold.com.
Shares Issued: 51,341,648
On behalf of the board:
Mr. Robert B. Seitz, President & C.E.O.
office@westredlakegold.com
Forward-Looking Statements
This release contains forward-looking statements, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to, statements with respect to exploration activities and results (including the timing of results), the timing and success of exploration activities generally, permitting timelines, government regulation of exploration and mining operations, environmental risks, title disputes or claims, limitations on insurance coverage, timing and possible outcomes of any pending litigation and timing and results of future resource estimates or future economic studies, and in particular include statements with respect to the timing of the reporting of drilling results at the Mount Jamie Mine, Rowan Lake Mine, Red Summit Mine and the Company's other properties. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "planning", "planned", "expects", or "looking forward", "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", anticipate", "does not anticipate", or "belief", or describes a "goal" or variation of such phrases or state that certain actions, events or results "may", "could", "would", or "will" be taken, occur or be achieved.
Forward-looking statements are based on a number of material factors and assumptions, including the result of drilling and exploration activities, the expected geological conditions or formations are not located, that contracted parties provide goods and/or services on the agreed timeframes, that the equipment necessary for the exploration is available as scheduled and does not incur unforeseen break downs, that no labour shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted.
Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of gold; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration. Although West Red Lake Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurances that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Map 1
To view the map associated with this release, please click on the following link:
http://www.usetdas.com/pr/westredlakemap1april15.jpg
Map 2: Locations of 2013 Winter Drilling and Planned Summer Drilling
To view the map associated with this release, please click on the following link:
http://www.usetdas.com/pr/westredlakemap2april15.jpg
