West Red Lake Gold Mines Inc. (“West Red Lake Gold” or the “Company”) (CSE: RLG) (FWB: HYK) (OTC: HYLKF) announces the Summer 2016 exploration plan for the Company’s 3100 hectare West Red Lake Project located in the Red Lake Gold District, 20 km west of Balmertown, Northwest Ontario, Canada.
Beginning early June the Company plans to drill approximately ten drill holes to follow up on the recent result of 69.55 grams over 1.50 metres from RLG Hole 15-24 reported March 15, 2016. The purpose of the early stage exploration drill program is to identify and follow east-west trending gold zones eastwards to the intersection of two regional gold bearing structures, referred to as the Structural Intersection. The intersection of two regional structures creates potential for significant gold deposition in the geological folds and fractures which typically occur in association with such an intersection.
Drilling will start in the area of Hole RLG 15-24 and successive drill holes will move progressively to the east over a distance of approximately 500 metres. The first four or five drill holes are planned to be drilled to the north from surface with a drill angle at 45 degrees to depths ranging from 100 metres to 250 meters below surface. The angle and attitude of the balance of the exploration drill holes may be adjusted as the geological structure is followed further to the east, and then into the intersecting structure.
The area to be explored lies within the east-west trending regional shear structure known as the Pipestone Bay-St Paul Deformation Zone (the “PBS Zone”). Gold zones are hosted within a sequence of hydrothermally altered mafic volcanics with intercalated felsic volcanics and porphyries as well as ultramafics. The gold mineralization is associated with quartz veining and increased iron sulphide mineralization.
The regional scale PBS Zone intersects with the NT Zone which crosses on to the West Red Lake Project from the south boundary and trends north-east across the Company property for 2km to where it intersects with the PBS Zone. The NT Zone is a large scale alteration/deformation zone. The scale and style of the iron-carbonate alteration within the NT Zone is considered to be associated with large multi stage hydrothermal systems. High grade gold mineralization in the NT Zone is associated with silica/sulphide replacement of the ironcarbonate zones within altered volcanic and sedimentary rocks.
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 gold bearing regional structure, the Golden Arm Structure and associated NT Zone, trend on to the property from the southwest and trend toward and then intersect 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 property, 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 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.