[Video Enhanced] West Red Lake Gold Hits High Grade in Austin 955 and 904 Complexes

West Red Lake Gold Mines Ltd. (WRLG) released video-enhanced footage on July 9, accompanied by drill results from July 7, detailing new underground intercepts from the Madsen Mine’s Austin 955 Complex and Austin 904 Complex.

Key intercepts from the 955 Complex include 3.10 meters at 53.87 grams per tonne gold (including 0.5 meters at 322.89 grams per tonne) and 3.85 meters at 43.38 grams per tonne gold (including 0.5 meters at 291.94 grams per tonne), both containing visible gold. The 904 Complex reported an intercept of 13.35 meters at 10.22 grams per tonne gold (including 1.1 meters at 69.85 grams per tonne).

Numerous other holes returned grades ranging from 4 to 25 grams per tonne gold over multi-meter widths. The 955 drilling was conducted from the 12 Level at approximately 600 meters depth, while the 904 drilling originated from the 13 Level at approximately 650 meters. Management intends to sequence the 904 panel into the H1 2027 mine plan.

West Red Lake Gold Mines Ltd. (WRLG), a small-cap producer that declared commercial production in January 2026, released results confirming mineralization at the 904 Complex. This target was already flagged for H1 2027 mining, and the new intercepts verify that mineralization is present as expected. The 955 holes reported are similar in character to earlier high-grade hits.

The stock price barely moved on the news, trading at C$0.64 on July 7 and C$0.62 on July 8, indicating the market had already priced in such definition results. The drilling does not represent a discovery, a major step-out, or an upgrade that changes the resource materially; rather, it is routine confirmation drilling that supports an existing mine plan.

West Red Lake Gold Mines Ltd. (WRLG) is an emerging Canadian gold producer focused on the Red Lake District in Ontario. Its flagship Madsen Mine achieved commercial production on January 1, 2026, boasting 1.65 million ounces of indicated resources at 7.4 grams per tonne of gold and 478,000 ounces of probable reserves at 8.16 grams per tonne.

The company’s Rowan satellite project, currently at the preliminary economic assessment stage, adds another 200,000 to 335,000 ounces of indicated resources at greater than 12 grams per tonne of gold. A hub-and-spoke model utilizing the Madsen mill aims to grow output to 100,000 ounces per year by 2028–2029.

West Red Lake Gold Mines Ltd. also holds the Fork, Wedge, Starratt-Olsen, and Mount Jamie deposits and benefits from approximately C$315 million in tax loss carry-forwards.