NI 43-101 inferred resource estimate of 4,468,900 tonnes at an average grade of 7.57 grams gold per tonne containing 1,087,700 ounces of gold at the Rowan Mine deposit dated February 16 2016 NI 43-101
West Red Lake Gold Mines trades on the Canadia Securties Exchange under the symbol RLG, on the Frankfurt Stock Exchange under the symbol HYK, and on the OTCQB under the symbol RLGMF.
West Red Lake Project Highlights
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 3100 hectare West Red Lake Project has 12km of strike length on the regional east-west trending Pipestone Bay St Paul Deformation Zone. Three former gold mines – Rowan Mine, Mount Jamie Mine, and Red Summit Mine – are all situated along the deformation zone on the Company property.
A second regional gold bearing structure, the NT Zone, trends northeast on to the property and intersects with the Pipestone Bay St Paul Deformation Zone approximately 1km east of the Rowan Mine.
Fifteen km to the east of the West Red Lake Project a similar intersection of two regional gold bearing geological structures occurs proximal to the world-class Red Lake Mine and Campbell Mine, providing a favourable geological model. This similar structural intersection illustrates the significant exploration potential for high-grade gold zones on the Company’s West Red Lake Project.
Exploration work is focused on drilling high grade gold zones at the West Red Lake Project.
Geologically, the West Red Lake Project is situated at the west end of the Red Lake Gold District which is comprised of a series of six metavolcanic/metasedimentary supracrustal assemblages intruded by several bodies of variable size, form, and composition. All of the assemblages have undergone several phases of deformation and metamorphism. The rocks, of Mesoarchean and Neoarchean age, form part of the larger Uchi Subprovince of the Superior Province of the Canadian Shield. At least two major deformation events have affected the rocks of the Red Lake Gold District resulting in the generation of interference fold structures on all scales. Major gold deposits in the Red Lake Gold District are associated with regional scale deformation zones. The most significant deposits occur where two of the regional structures intersect.