WEST RED LAKE GOLD MINES INC. (CNSX: RLG) (the “Company”) is pleased to announce that it is resuming drilling at its 60%-owned Rowan Lake Mine property, held in a joint venture with Red Lake Gold Mines, an affiliate of Goldcorp Inc.
The 2013 winter/spring drilling program will consist of two phases and focus on further extending the Rowan-NT Zone high-grade mineralized structural corridor and the Rowan Main Zone structure along strike (see Figure 1). The Rowan-NT structural corridor remains open to the north-east for an indicated 1,100 metres in addition to the 900 metres currently outlined on the property. It possibly conjugates with the previously discovered Porphyry Hill/Creek Zones to the north-east. Together with the Newman Todd mineralized structure (located on the Confederation Minerals/Redstar Gold property to the south-west, the total strike length of the zone is outlined over a distance of greater than 2.5 km with the true width varying from 25 to 110 metres. In addition, recent drilling by Confederation Minerals indicates the Newman Todd structure hosts gold mineralization at over 800 metres below surface and remains open at depth (see Confederation Minerals news release of January 18, 2013). West Red Lake Gold’s Rowan-NT structure has not been explored below 300 metres to date and remains open at depth.
The first phase of the 2013 program, totalling 3,050 metres, will focus on the Rowan Main Zone structure (see Figure 2). The drilling program will consist of drilling 2 pairs of holes of 450 and 600 meters each pair, north of the 2010 collar locations and north-east from the 2011 collar locations. Drilling will target both the high-grade, gold bearing Rowan Main Zone breccias and the five Rowan Main Zone vein systems to the south. Additionally, four holes of 250 metres each are planned to the east and north from 2011 collar locations. These holes will target possible strike extensions of both the breccias to the east- north-east and the Rowan Main Zone vein systems to the east for an additional 100 to150 metres. This program follows up on the 2010 and 2011 drilling campaign, the best result being 69.3 grams over 6.0 metres (see Figure 3).
The second phase of 2013 drilling will focus on the Rowan-NT Zone breccias. This phase of drilling is designed to further delineate the Rowan-NT Zone to the north-east for an additional 750 metres. Further details of the program will be released upon completion of the first phase.
Previous Drilling at the Rowan Lake Mine Property
In 2011, the Company conducted a 3,880 metre drill program at Rowan-NT Zone and a 1,694 metre drill program on the Rowan Main Zones.
The Rowan-NT zone represents a 2010 discovery on the Rowan Lake Mine property on trend with the Confederation/Redstar Newman-Todd Structure. The structure continues to produce impressive results with the 2012 drilling program, including bonanza grade gold mineralization (see Redstar news-release of July 31, 2012).
During the 2011 drilling program this subvertical mineralized corridor was delineated on the Rowan Lake Mine Joint Venture property and extended along strike by an additional 900 metres. Highlights from the 2011 program include intercepts of 1 metre of 28.7 g/t gold, 13.7 g/t gold, 12.8 g/t gold, 12.3 g/t gold,
10.2 g/t gold and 10.1 g/t gold in several holes. Composited values include 7.67 g/t gold over 2 metres,
5.96 g/t gold over 2 metres, 4.36 g/t gold over 3 metres and 2.17 g/t gold over 11 metres.
At the Rowan Main Zone, the drilling focused on further delineation of a series of several sub-parallel, high-grade gold zones to the east-north-east of the Rowan Lake Mine shaft.
Highlights of the Main Zone drilling include three high grade 1 metre wide intercepts of 362 g/t gold,
34.5 g/t gold and 16.90 g/t gold. Also intercepted were a 3 metre wide zone with a 1 metre wide intercept of 73.60 g/t gold and a 3 metre wide zone with a 1 metre wide intercept of 7.76 g/t gold.
The main geological result obtained by the Main Zone drilling was the discovery of a second breccia corridor which trends east-west and was intersected by all four of the 2011 holes drilled in this area. The structure shares striking lithological and structural similarities with the Rowan-NT Zone breccias. This cross-cutting zone of quartz-carbonate breccias, often with strong sulfide (mainly pyrite and pyrrhotite) mineralization, is hosted by felsic/mafic/ultramafic volcanics and quartz porphyry. The breccia corridor is quite wide at 90 to 250 metres along the hole trace and may occur split into several breccia subzones, separated by considerably less deformed units of 10 to 30 metres wide.
Vadim Galkine, VP Exploration of West Red Lake Gold comments, “Our exploration concept suggests that the Newman Todd / Rowan-NT Zone breccia corridor curves to the north-west and continues as the Rowan Main Zone breccias. Alternatively, these two zones possibly cross each other and stretch further to the north-west and south-west as independent mineralized corridors. Both scenarios hold huge potential in terms of the length and width of the sub-vertical mineralized breccias, with only shallow depths tested to date.”
Vadim Galkine, PhD, P.Geo. who is a qualified person under the definition of National Instrument 43-101 has reviewed the technical information contained in this press release.
Drilling operations at the Rowan Lake Mine property will be carried out by Chibougamau Diamond Drilling Ltd. of Chibougamau, Quebec. Drilling equipment has been mobilized to West Red Lake Gold’s exploration camp at the Mount Jamie Mine property.
Core samples from the Rowan Lake Mine property program will be cut in half using a diamond cutting saw and will be 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 will be routinely inserted into the sample stream as part of the Company’s quality control/quality assurance program.
About West Red Lake Gold Mines Inc.
West Red Lake Gold Mines Inc. (Formerly Hy Lake Gold Inc.) is a Toronto-based mineral exploration company focused on gold exploration and production development in the prolific Red Lake Mining District of Northwestern Ontario, Canada. West Red Lake Gold Mines has assembled several significant property packages, totalling approximately 4,000 hectares, in the west end of the Red Lake Gold Camp. The properties cover a 13 kilometre distance along the West Red Lake Trend, hosting 3 former producing gold mines – The Mount Jamie Mine, The Red Summit Mine and The Rowan Lake Mine which is held in a Joint Venture with Goldcorp’s Red Lake Gold Mines. 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 www.westredlakegold.com.
Shares Outstanding: 51,311,648
On behalf of the board:
Mr. Robert B. Seitz, President & C.E.O. email@example.com
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.
Figure 1: Rowan Lake Mine Property Drilling Plan for 2013
Figure 2: Rowan Main Zone Drilling Plan for Winter 2013
Figure 3: Rowan Main Zone Drilling 2010 and 2011