February 6, 2015, Toronto, Ontario, West Red Lake Gold Mines Inc. (“West Red Lake Gold” or the “Company”) (CSE: RLG) (FWB: HYK) (OTC: HYLKF) announces positive drill results including 26.97gpt over 4.0m from its recent exploration program on the Company’s 3100 hectare West Red Lake Project located in the prolific Red Lake Gold District, 20k west of the town of Red Lake in Northwestern Ontario, Canada.
The Company is pleased to report it drilled ten exploration holes which successfully intersected the Rowan Mine gold zones. (See diamond drill hole summary.)
Drill Program Highlights
- 26.97 grams per ton over 4.0 metres
- 162.0 grams per ton over 1.5 metres
- 28.0 grams per ton over 1.1 metres
The exploration program was successful in confirming the continuity of the high grade zones and advancing the project towards outlining a potential gold resource at the Rowan Mine. The Rowan Mine is located in the centre of West Red Lake Gold’s property position. A 12k portion of the Pipestone Bay-St Paul Deformation Zone crosses the Company property and hosts the Rowan Mine Gold System. Good potential exists to expand the Rowan Mine gold zones along strike and to depth.
All ten holes intersected gold values in a pervasive quartz vein structure hosted within mafic volcanics. The gold distribution within the quartz vein structure is consistent with Archean lode gold deposits which have produced the majority of the gold that has been mined in the primary Ontario gold mining districts including Red Lake and Timmins.
Diamond Drill Hole Summary
Intervals reported here are core lengths. True widths are not known at this time. All depths are reported as down hole.
Key Exploration Targets
- Deepening the Rowan Mine gold zones below 150m along a strike length of 600m east from the Rowan Mine Shaft coincident with the geological structure known as the Pipestone Bay-St Paul Deformation Zone (the “PBS Zone”). The PBS Zone is the east-west trending geological structure which hosts the three former producing gold mines situated on the Company property. The PBS Zone is a regional shear zone that trends across the West Red Lake Project and then continues east for 20k to the town of Red Lake.
- Extension of the Rowan Mine Gold System for an additional 400 to 500m further to the east along the PBS Zone to the intersection with the regional scale Newman Todd Structural Zone (the “NT Zone”). The western edge of the NT Zone is approximately 1k east of the Rowan Mine Shaft.
- Structural target at the intersection of the two regional scale gold bearing structures, the PBS Zone and the NT Zone. This exploration target area is approximately 2000m in length and is situated between 1k and 3k east of the Rowan Mine Shaft. A similar intersection of two regional structures occurs 20k further to the east, proximal to the Campbell Mine and Red Lake Mine.
The next stage of drilling is being designed to extend the Rowan Mine gold zones further to the east for an additional 400 to 500m along the PBS Zone to the area where it intersects with the NT Zone. The NT Zone trends on to the West Red Lake Project from the neighboring property to the south, where recent exploration work by an unrelated exploration company has outlined a gold resource on their property. The intersection of these two major regional structures presents a highly prospective exploration opportunity.
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 responsible for the exploration program at the Rowan Mine property, 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 analysis of the samples collected by West Red Lake Gold were assayed by Activation Laboratories Ltd. Analysis consisted of a fire assay of a 30-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 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 3100 hectare property position that is 12k in length and includes three former producing gold mines (the “West Red Lake Project”). The Mount Jami e Mine and Red Summit Mine properties are 100% owned by the Company and the Rowan Mine property is held in a joint venture that is 60% owned by the Company and 40% owned by Red Lake Gold Mines, a partnership of Goldcorp Inc. and Goldcorp Canada Ltd. West Red Lake Gold continues to explore the West Red Lake Project along the 12k strike length strike and to greater depths. 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: email@example.com
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.
Longitudinal Section of Rowan Mine Property
At least three subparallel gold bearing quartz zones are present in the area of the ten hole drill program. The longitudinal section above shows the intercept location of the ten holes in the A Zone. Two additional zones are situated subparallel and to the south of the A Zone. Each of the zones is spaced approximately 50m apart from the next zone.