West Red Lake Gold Reports 215.46 g/t Au over 5.35m, 50.34 g/t Au over 4.05m and 61.70 g/t Au over 3m in Austin 904 Complex - Madsen Mine
West Red Lake Sustains High-Grade Momentum at Madsen as Production Ramps
On April 13, 2026, West Red Lake Gold reported high-grade underground drill intercepts from the Austin 904 Complex at its Madsen Mine. Key results include 5.35m @ 215.46 g/t Au (including 2.95m @ 388.90 g/t Au), 4.05m @ 50.34 g/t Au, and 3m @ 61.70 g/t Au. The company states these results confirm the presence of high-grade lenses comparable to historic Red Lake discoveries within a previously unmined 200m x 200m panel. Management expects continued drilling through 2026 with initial production from this specific area targeted for H1 2027, aiming to expand mining inventory and improve stoping efficiency. This follows a declaration of commercial production at Madsen effective January 1, 2026, where the mine produced 20,147 oz in 2025 generating $73 million in revenue.
The news is categorized as Routine - Positive. While the grades reported (e.g., 215 g/t Au over 5m) are exceptional and validate the high-grade nature of the Austin 904 Complex, they do not fundamentally alter the company's immediate production timeline or financial outlook beyond existing expectations set by previous releases in February and March 2026 regarding the same zone. - Consistency: The results align with earlier intercepts from the Austin 904 Complex announced in late February (e.g., 219.73 g/t Au over 4.8m) and early March, confirming continuity rather than discovering a new anomaly. - Timeline Impact: Production from this specific complex is still targeted for H1 2027, meaning there is no immediate impact on Q2 or Q3 2026 cash flow. The current commercial production relies on other zones (e.g., South Austin/4447 area). - Market Context: With the stock having rallied significantly from $0.70 in April 2025 to a high of $1.40 in February 2026 following commercial production news, this release serves as maintenance of the investment thesis rather than a new catalyst. It reinforces confidence in the resource base but does not exceed the market's anticipation for an operating mine in a high-grade district.
- Company: West Red Lake Gold Mines Ltd. is a gold producer focused on the Red Lake district in Ontario, Canada.
- Flagship Project: Madsen Mine (100% owned). It is an underground mine with two portals and a shaft to 1,275m depth. The mill has a permitted capacity of 800 tpd but has historically run at higher rates.
- Development Status: Commercial production declared January 1, 2026. The company is currently in the ramp-up phase following acquisition in June 2023.
- Other Assets: Rowan Project (PEA completed, PFS targeted Q3 2026), Fork Deposit (near-mine satellite), and various exploration targets in the district.