West Red Lake Gold Provides Exploration Update Fall 2018
West Red Lake Gold Mines Inc. (“West Red Lake Gold” or the “Company”) (CSE: RLG) (FSE: HYK) (OTCQB: RLGMF) announces that its joint venture partner Red Lake Gold Mines, a subsidiary of Goldcorp is carrying out a surface exploration program on the Company’s West Red Lake Project located in the Red Lake Gold District, Northwestern Ontario, Canada.
The initial stage of the program consists of surface work on the Rowan Mine Property to explore stratigraphy, structure and the character of controls of known mineralization with a focus on refinement of the geological setting and target generation based on data analysis and field mapping.
The program emphasis will be on the Red Summit intrusion, the potential regional scale Hinge Zone and the interpreted west-northwest (“WNW”) high strain corridor.
The Red Summit intrusion is a grano-diorite intrusion with associated gold mineralization located approximately 3km east of the Rowan Mine Shaft and is situated within the regional scale Pipestone Bay St Paul Deformation Zone.
The Hinge Zone is situated on the west side of the northeast trending Golden Arm Structure where it folds to the west-northwest and intersects with the Pipestone Bay St Paul Deformation Zone.
The interpreted WNW high strain corridor is composed of discrete high strain portions of the Pipestone Bay St Paul Deformation Zone.
The surface exploration work is being carried out during August and September 2018. Subject to positive results, the Company may test new targets with drilling as part of the planned fall exploration program.
Three former gold mines on the West Red Lake Project property are situated on the east-west trending Pipestone Bay St Paul Deformation Zone, a 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 2 km to where they merge and intersect with the Pipestone Bay St Paul Deformation Zone.
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 at the West Red Lake Project, as defined under NI 43-101 “Standards of Disclosure for Mineral Projects”.
West Red Lake Gold 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 3,100 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 Phone: 416-203-9181 Email: [email protected]
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.