WEST RED LAKE GOLD PLANS EXPLORATION DRILL PROGRAM ON RED LAKE GOLD PROPERTY
October 25 2017 - 12:15PM
InvestorsHub NewsWire
WEST RED LAKE GOLD PLANS EXPLORATION DRILL
PROGRAM
ON RED LAKE GOLD
PROPERTY
Toronto, Canada -- October 25,
2017 -- InvestorsHub NewsWire --West Red Lake Gold Mines Inc.
(“West Red Lake Gold” or the “Company”) (CSE:
RLG) (FSE:
HYK) (OTCQB:
RLGMF) announces the next phase of exploration drilling planned
to begin the first week of November 2017 on the Company's 3100
hectare West Red Lake Project located in the Red Lake Gold
District, Northwestern Ontario, Canada.
The exploration drill program
is designed to further explore the potential of the Rowan Mine
Zones and to explore the area of the Structural Intersection
located approximately 1km east of the Rowan Mine
Zones.
Drilling is planned in the area
of the Rowan Mine Shaft, including two holes to follow up on hole
RLG-17-45 which intersected 72.6 grams over 3.0m and another hole
located 200 metres west of RLG-17-45 to test a geological contact
for potential increased hydrothermal activity with attendant gold
mineralization.
In the Structural Intersection
area, two holes will be drilled along the most
transposed/overlapping portion of the fold hinge, at the
intersection of major northeast and east-west trending shear zones.
One hole will test the hinge of the fold where the northeast
trending shear zone disrupts the stratigraphy, and the second hole
will test the hinge of the fold along strike between the Rowan Mine
and the Red Summit Mine.
The Rowan Mine Zones lie 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.
Three former gold mines on the
West Red Lake Project property are situated on the east-west
trending PBS Zone, the regional geological structure which crosses
the Company property and continues east to the town of Red Lake.
The regional scale Golden Arm Structure and the sub-parallel NT
Zone cross onto the West Red Lake Project from the south boundary
and trend northeast for 2km to where they merge and intersect with
the PBS Zone.
Technical
Information
The technical information
presented in this news release has been reviewed and approved by
Kenneth Guy, P.Geo., a consultant to West Red Lake Gold and the
Qualified Person for exploration on the West Red Lake Project, as
defined by National Instrument 43-101 "Standards of Disclosure for
Mineral Projects".
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
nearly 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 Mines,
please visit our website at http://www.westredlakegold.com
.
For more information, please
contact: John Kontak, President Phone: 416-203-9181
Email: jkontak@rlgold.ca
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.
Our mailing address is:
jkontak@rlgold.ca
West Red Lake Gold Mines Inc.
82 Richmond Street East
Suite 200
Toronto, ON M5C 1P1 Canada
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