West Red Lake Gold Mines Intersects Visible Gold in Rowan Main
FSC / Press Release
West Red Lake Gold Mines Intersects Visible Gold in Rowan Main Vein System Drilling and Extends Rowan Main Breccia Zone
* 8 holes completed for a total of 3,283m
*5 Visible gold intersected in hole RLG-13-02 at 309m and 487m, hole RLG-13-04 at 470m
* Drilling confirmed exploration model and previous Rowan Main Breccia Zone drilling, with drillhole thickness of up to 180m (true thickness of 90m), with breccia being intersected in all 8 holes
* Assay results will be released once all assays have been received from the lab (expected by the end of April)
WEST RED LAKE GOLD MINES INC (CNSX: RLG) (the "Company") is pleased to announce that it has completed the winter drilling program, consisting of 8 drill holes, on its 60%-owned Rowan Lake Mine property held in a Joint Venture with Red Lake Gold Mines, an affiliate of Goldcorp Inc. The Company successfully extended the Main Mine Zones to the east of the former producing Rowan Lake Mine and also established the presence of the Breccia Corridor adjacent to the Rowan Mine Main Zone structure. The assays results are expected to be received within the next 30 days. A summary of sites of visible gold in the drilling is listed in the table below:
Hole Number Downhole Depth VG
RLG-13-02 309m More than 10 specks of 1-2mm
RLG-13-02 487m More than 10 specks of 1mm
1 speck of 3mm
RLG-13-04 470m 5-8 specks of 1mm
The geological information gained from the drill program supports the Company's exploration concept, which suggests that the Newman Todd - Rowan-NT Breccia Corridor appears to bend to the north-west and continues as the Main Rowan Breccia Zone (Figure 1).
The drilling, totalling 3,283 meters, focused on the Rowan Main Zone structure (see Figure 1 and Figure 2). Two pairs of angled holes of approximately 450 and 600 meters each were drilled north of the 2010 collar locations and north-east from the 2011 collar locations.
Drilling targeted both the high-grade, gold bearing Rowan Main Zone breccias and the five Rowan Main Zone vein systems to the south. Additionally, two pairs of shorter holes were drilled to the east and north from 2011 collar locations. These holes targeted possible strike extensions of both the breccias to the east-north-east and the Rowan Main Zone vein systems to the east for an additional 100 to150 meters. This program followed up on the 2010 and 2011 drilling campaign which previously returned assay results of up to 69.3 grams per tonne gold over 6.0 meters.
The key geological outcome of the program was the intersection of the quartz-carbonate breccia in all eight holes. The true width of the nearly vertical interlaced breccias/metavolcanics structure ranges from 35 to 90 meters. The Rowan Main Zone vein system was also intersected, with visible gold observed in some of the veins.
Vadim Galkine, P.Geo and Matt Long, P.Geo (42.2K Geological Consulting Inc, Red Lake, ON) managed the drilling program, logged the core and supervised the core sampling for gold assays.
Drilling operations at the Rowan Lake Mine property were carried out by Chibougamau Diamond Drilling Ltd. of Chibougamau, Quebec.
Core samples from the Rowan program were cut in half using a diamond cutting saw and sent to ActLabs, an accredited mineral analysis laboratory in Red Lake, Ontario, for preparation and analysis utilizing both fire assay and screen metallic methods. Certified gold reference standards, blanks and field duplicates were routinely inserted into the sample stream as part of WR quality control/quality assurance program. The assays results are pending, and are anticipated to be released in approximately 30 days time.
Vadim Galkin, PhD, P.Geo, who is a qualified person under the definition of National Instrument 43-101, has reviewed the technical information contained in this press release.
About West Red Lake Gold Mines Inc.
West Red Lake Gold Mines is a Toronto-based mineral exploration company focused on the gold exploration and development business in the prolific Red Lake Mining District of Northwestern Ontario, Canada. The Company has assembled a significant property position totalling approximately 3,500 hectares in west Red Lake. The Mount Jamie Mine and Red Summit Mine properties are 100% owned by West Red Lake Gold Mines and the Rowan Lake 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 properties cover a 12 kilometre distance along the West Red Lake Trend, containing 3 former producing gold mines, and the Company continues to explore these properties both along strike and at depth. To find out more about West Red Lake Gold Mines Inc (CNSX: RLG), please visit our website at http://www.westredlakegold.com.
Shares Issued: 51,341,648
On behalf of the board: Mr. Robert B. Seitz, President & C.E.O. firstname.lastname@example.org
This release contains forward-looking statements, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to, statements with respect to exploration activities and results (including the timing of results), the timing and success of exploration activities generally, permitting timelines, government regulation of exploration and mining operations, environmental risks, title disputes or claims, limitations on insurance coverage, timing and possible outcomes of any pending litigation and timing and results of future resource estimates or future economic studies, and in particular include statements with respect to the timing of the reporting of drilling results at the Mount Jamie Mine, Rowan Lake Mine, Red Summit Mine and the Company's other properties. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "planning", "planned", "expects", or "looking forward", "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", anticipate", "does not anticipate", or "belief", or describes a "goal" or variation of such phrases or state that certain actions, events or results "may", "could", "would", or "will" be taken, occur or be achieved.
Forward-looking statements are based on a number of material factors and assumptions, including the result of drilling and exploration activities, the expected geological conditions or formations are not located, that contracted parties provide goods and/or services on the agreed timeframes, that the equipment necessary for the exploration is available as scheduled and does not incur unforeseen break downs, that no labour shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted.
Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of gold; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration. Although West Red Lake Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurances that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
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Source: West Red Lake Gold Mines Inc. (CNSX: RLG) www.westredlakegold.com Maximum News Dissemination by FSCwire. http://www.fscwire.com
Provider ID: 00021354 -0- Apr/02/2013 15:35 GMT