West Red Lake Gold Mines Inc. (“West Red Lake Gold” or the “Company”) (CSE: RLG) (FWB: HYK) (OTC: HYLKF) announces that drilling has commenced on the Company’s 3100 hectare West Red Lake Project located in the Red Lake Gold District, 20 km west of Balmertown, Northwest Ontario, Canada.
Drilling has commenced to explore the Structural Intersection target area. The purpose of the drill program is to continue to follow the regional scale Pipestone Bay-St Paul Deformation Zone (“PBS Zone”) towards the intersection with the NT Zone. The intersection of two regional scale gold bearing structures creates the potential for larger scale gold deposition in association with geological folding and fracturing typically found where two structures intersect.
The PBS Zone is a regional scale east-west trending geological structure which hosts multiple high grade gold zones including the gold zones at the Rowan Mine which is situated on strike and approximately 1km west of the Structural Intersection. The NT Zone trends north-east from the boundary with the property to the south for a distance of 2km and then intersects with the PBS Zone. Previous drilling in 2010 and 2011 located 1km to 2km from the Structural Intersection identified multiple high grade gold zones at the NT Zone. The area of the NT Zone between the previous drilling and the Structural Intersection remains unexplored.
Drilling has started in the area of Hole RLG 15-24 which was reported on March 15, 2016 and successive drill holes will move progressively to the east over a distance of approximately 700 metres. The first 400 metres of strike length leads up to the location where the two regional gold bearing structures intersect. The initial holes are planned to be drilled to the north from surface with depths ranging from 100 metres to 250 meters below surface.
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 regional gold bearing structure, the NT Zone, trends on to the property from the southwest and then trends towards and intersects with the PBS Zone (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 news release has been reviewed and approved by Ken 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, please visit our website at http://www.westredlakegold.com.
For more information, please contact: John Kontak, President and Acting CFO, Phone: 416-203-9181 Email: email@example.com
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. Certain statements constitute “forward looking statements”. When used in this news release, 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.