In the Austin zone, west of McVeigh, hole MM24D-09-4796-025 cut 12.1 metres at 7.35 grams gold from 92.9 metres depth, including 2.5 metres grading 19.39 grams gold from 93.5 metres depth.
“The exceptional drill results that continue to be produced from McVeigh are very encouraging and highlight the opportunity that remains in this shallow, high-grade, easily accessible portion of the Madsen deposit,” West Red Lake president and CEO Shane Williams said.
“The Madsen deposit has plenty of meat left on the bones while also offering significant upside as we continue to access deeper portions of the main deposit.”
‘Confidence-boosting results’
In an analyst note, Matt O’Keefe of Cantor Fitzgerald said the high-grade results boost confidence in near-term production ounces at Madsen, located in the Red Lake gold district of northwestern Ontario.
“They also highlight the opportunity that remains at McVeigh, the shallow,…
