West Red Lake Gold Mines Ltd. Announces Record‑Setting Drill Intercepts at the Madsen Mine
West Red Lake Gold Mines Ltd. (WRLG: TSX.V; WRLGF: OTCQB) reported a series of exceptionally high‑grade drill intercepts from its underground exploration program at the Madsen Mine in Ontario’s Red Lake gold district. The results, released on 4 November 2025, demonstrate a continued extension of the Lower Austin Zone and support the company’s ongoing development plans for the property.
Key Intercepts
| Depth (m) | Gold Grade (g/t) | Comment |
|---|---|---|
| 11.2 m | 26.16 g/t | Significant enrichment of the Lower Austin Zone. |
| 3.55 m | 37.87 g/t | Highest grade reported to date at the mine. |
| 8.0 m | 10.55 g/t | Adds additional high‑grade potential to the target area. |
Shane Williams, President and CEO, noted that the “initial phase of the Madsen Mine is progressing well and the discovery of new gold zones in deeper drilling confirms the long‑term potential of the Lower Austin Zone.”
Context and Implications
The Madsen Mine is a 100 % owned property of West Red Lake and lies in one of Canada’s most prolific gold districts. The company’s exploration and mining services focus on developing gold projects in this region for a global customer base. The newly reported grades—particularly the 37.87 g/t intercept at 3.55 m—are among the highest drill results ever reported in the Red Lake district and underscore the viability of the project for future production.
These findings strengthen the company’s resource estimates and provide a robust foundation for its development strategy. By extending the Lower Austin Zone, West Red Lake is positioning the Madsen Mine to become a significant contributor to the company’s long‑term production profile.
Market Snapshot
- Market Cap: CAD 334 010 000
- Close Price (05 Nov 2025): CAD 0.84
- 52‑Week High: CAD 1.18 (10 Sep 2025)
- 52‑Week Low: CAD 0.52 (26 Nov 2024)
- Price‑to‑Earnings Ratio: –1.99
While the company’s share price remains modest, the recent drill results provide a positive catalyst for future investor sentiment and support the company’s strategic objective of advancing high‑grade gold projects in Northwestern Ontario.
Forward Outlook
West Red Lake Gold Mines Ltd. intends to continue its underground drilling program to further delineate the Lower Austin Zone and assess its economic viability. The company’s exploration and mining services, combined with its focus on the Red Lake Gold District, position it to capitalize on the strong demand for gold in both domestic and international markets.
For more detailed information about the company’s operations and initiatives, visit www.westredlakegold.com .
