West Red Lake Gold Mines Ltd. confirms high‑grade continuity at Rowan through first‑round infill drilling
West Red Lake Gold Mines Ltd. (TSXV: WRLG) has reported the initial results from its fully funded infill and conversion drilling program at the 100 % owned Rowan Project in the Red Lake Mining District of north‑western Ontario. The program, which is part of the company’s strategy to accelerate resource expansion at Rowan, has drilled 38 holes totaling approximately 6,000 m; 33 holes have been completed to date, with five remaining.
Key assay figures
The latest assay data reinforce the high‑grade continuity that West Red Lake has been building at Rowan. Highlights include:
| Hole | Depth (m) | Assay (g/t Au) | Comments |
|---|---|---|---|
| V013 | 107.8 – 108.8 | 1.56 g/t | Confirmed high‑grade trend |
| V018 (Hw) | 122.5 – 123.25 | 6.54 g/t | Significant gold intercept |
| V006 | 158.5 – 159.5 | 2.29 g/t | Consistent with surrounding mineralisation |
| V006 (Fw) | 156.65 – 160.5 | 2.71 g/t | High‑grade intercept |
| RLG‑25‑188 | 32 – 33 | 2.34 g/t | Supports resource expansion |
These intercepts, coupled with the continuity of lower‑grade intercepts reported in earlier phases, validate the structural model and the potential for a substantial NI‑43‑101 resource. The company’s drilling plan will continue to target the central portion of the deposit, aiming to close key gaps and extend the resource laterally.
Implications for the Rowan Project
The Rowan Project has long been regarded as a cornerstone of West Red Lake’s portfolio. The recent high‑grade results suggest that the deposit may host additional sub‑grade intercepts that can be economically mined once the resource is fully delineated. The company’s strategy to maintain a high‑grade focus aligns with the prevailing market, where premium gold grades are increasingly valuable amidst rising production costs and tightening margins.
Moreover, the company’s ability to secure full funding for the infill program demonstrates robust capital discipline and investor confidence. As the program progresses, the company will report additional assay results and update its NI‑43‑101 resource estimate, which is expected to be released within the next quarter.
Market reaction
West Red Lake’s share price closed at $1.40 on 27 January 2026, reflecting a modest increase from the 52‑week low of $0.54. The recent drill results are likely to support a bullish trajectory, particularly if the company can translate these intercepts into a larger, economically viable resource. Investors should monitor the upcoming assay releases and any updates to the company’s resource model for further confirmation of the deposit’s potential.
Forward‑looking outlook
With the Rowan Project’s high‑grade continuity confirmed, West Red Lake is positioned to enhance its valuation through a clearer resource base. The company’s disciplined drilling approach, coupled with its focus on high‑grade intercepts, bodes well for future capital efficiency and potential upside. As the drilling programme advances, stakeholders should anticipate a refined resource estimate that could unlock new development timelines and strengthen West Red Lake’s standing within the competitive gold mining landscape.
