West Red Lake Gold Intersects 23.81 g/t Au over 5.4m, 30.16 g/t Au over 4.3m and 12.43 g/t Au over 10.5m at Austin - Madsen Mine

2025-04-01

TSXV - TSX Venture Exchange · Canada

West Red Lake Gold Intersects 23.81 g/t Au over 5.4m, 30.16 g/t Au over 4.3m and 12.43 g/t Au over 10.5m at Austin – Madsen Mine

VANCOUVER, British Columbia, April 01, 2025 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF) is pleased to report drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.

The drill results featured in this news release are focused on the high-grade Austin Zone . The Austin Zone currently contains an Indicated mineral resource of 914,200 ounces (“oz”) grading 6.9 grams per tonne (“g/t”) gold (“Au”) , with an additional Inferred resource of 104,900 oz grading 6.5 g/t Au .

The purpose of this drilling was definition and expansion within priority areas of Austin to continue building an inventory of high-confidence ounces to support the restart of production at the Madsen mine, which is expected to commence in 2025. The Company recently filed a Technical Report for its Pre-Feasibility Study for Madsen on February 18, 2025 .

AUSTIN ZONE HIGHLIGHTS:

Hole MM25D-12-4848-005 Intersected 10.5m @ 12.43 g/t Au , from 48.6m to 59.1m, Including 0.6m @ 106.06 g/t Au , from 49.4m to 50.0m, Also including 0.7m @ 49.53 g/t Au , from 53.9m to 54.6m. Hole MM25D-12-4848-050 Intersected 4.3m @ 30.16 g/t Au , from 51.0m to 55.3m, Including 1.1m @ 106.10 g/t Au , from 51.9m to 53.0m. Hole MM25D-12-4848-022 Intersected 5.4m @ 23.81 g/t Au , from 54.1m to 59.5m, Including 0.5m @ 212.13 g/t Au , from 54.9m to 55.4m, Also including 0.5m @ 30.14 g/t Au , from 56.3m to 56.8m. Hole MM25D-12-4848-025 Intersected 9.6m @ 10.98 g/t Au , from 53.0m to 62.6m, Including 0.5m @ 45.34 g/t Au , from 53.0m to 53.5m, Also including 0.8m @ 36.90 g/t Au , from 57.5m to 58.3m. Hole MM25D-12-4848-045 Intersected 5.85m @ 17.29 g/t Au , from 43.75m to 49.60m, Including 1.5m @ 45.31 g/t Au , from 45.5m to 47.0m, Also including 0.6m @ 27.15 g/t Au , from 49.0m to 49.6m.

Shane Williams, President & CEO, stated, “It’s a huge advantage that our team has been active underground at the Madsen mine for almost two years, because we have been able to get drills to many high priority areas of the deposit ahead of mine restart. This includes deeper portions of the resource that possess very attractive tonnage and grade profiles - many of these deeper areas were never accessed by the two previous operators. High grade panels in Austin, like the one highlighted in this update, are currently within the life-of-mine plan and are expected to deliver meaningful, high-margin tonnes during the first eighteen to twenty-four months of production. We fully expect the Austin and South Austin zones to continue producing impressive grades over significant widths as we continue to access and define these high-grade shoots at depth.”

Plan maps and sections for the Austin drilling highlighted in this release are provided below in Figures 1 through 13.

TABLE 1. Significant intercepts (>3 g/t Au) from drilling at Austin Zone.

| Hole ID | Target | From (m) | To (m) | Length (m)* | Au (g/t) | | MM25D-12-4848-001 | Austin | _No Assays > 3 g/t Au _ | | | | | MM25D-12-4848-002 | Austin | 58.60 | 61.50 | 2.90 | 3.61 | | AND | Austin | 63.60 | 65.50 | 1.90 | 5.13 | | AND | Austin | 67.70 | 69.20 | 1.50 | 5.16 | | MM25D-12-4848-003 | Austin | 54.60 | 57.00 | 2.40 | 4.20 | | Incl. | 54.60 | 55.10 | 0.50 | 16.64 | | | AND | Austin | 59.00 | 61.00 | 2.00 | 4.53 | | Incl. | 60.50 | 61.00 | 0.50 | 15.15 | | | MM25D-12-4848-004 | Austin | 52.00 | 56.00 | 4.00 | 4.88 | | Incl. | 54.00 | 55.00 | 1.00 | 14.26 | | | AND | Austin | 57.40 | 60.40 | 3.00 | 11.37 | | Incl. | 58.30 | 59.00 | 0.70 | 25.73 | | | MM25D-12-4848-005 | Austin | 48.60 | 59.10 | 10.50 | 12.43 | | Incl. | 49.40 | 50.00 | 0.60 | 106.06 | | | Also Incl. | 53.90 | 54.60 | 0.70 | 49.53 | | | MM25D-12-4848-006 | Austin | 34.00 | 35.00 | 1.00 | 5.48 | | AND | Austin | 48.50 | 49.80 | 1.30 | 3.39 | | AND | Austin | 56.20 | 60.50 | 4.30 | 19.64 | | MM25D-12-4848-007 | Austin | 44.90 | 48.70 | 3.80 | 4.19 | | Incl. | 47.30 | 47.90 | 0.60 | 12.83 | | | MM25D-12-4848-008 | Austin | 47.50 | 48.50 | 1.00 | 4.26 | | AND | Austin | 49.50 | 51.00 | 1.50 | 4.76 | | MM25D-12-4848-009 | Austin | 48.80 | 53.30 | 4.50 | 5.32 | | Incl. | 52.30 | 52.80 | 0.50 | 30.57 | | | MM25D-12-4848-010 | Austin | _No Assays > 3 g/t Au _ | | | | | MM25D-12-4848-011 | Austin | 59.05 | 61.60 | 2.55 | 6.26 | | Incl. | 60.10 | 60.60 | 0.50 | 28.90 | | | MM25D-12-4848-012 | Austin | 60.40 | 63.40 | 3.00 | 5.63 | | Incl. | 60.40 | 61.40 | 1.00 | 10.37 | | | AND | Austin | 66.70 | 71.70 | 5.00 | 5.39 | | Incl. | 68.70 | 70.70 | 2.00 | 12.64 | | | MM25D-12-4848-013 | Austin | _No Assays > 3 g/t Au _ | | | | | MM25D-12-4848-014 | Austin | 67.40 | 68.00 | 0.60 | 3.41 | | AND | Austin | 76.50 | 78.00 | 1.50 | 3.74 | | AND | Austin | 79.00 | 80.00 | 1.00 | 3.08 | | MM25D-12-4848-015 | Austin | 33.50 | 34.00 | 0.50 | 3.99 | | AND | Austin | 51.50 | 57.00 | 5.50 | 5.36 | | Incl. | 51.50 | 53.10 | 1.60 | 14.50 | | | MM25D-12-4848-016 | Austin | 57.40 | 58.60 | 1.20 | 5.96 | | Incl. | 57.40 | 58.00 | 0.60 | 11.33 | | | AND | Austin | 61.30 | 62.40 | 1.10 | 8.00 | | MM25D-12-4848-017 | Austin | 57.70 | 58.70 | 1.00 | 3.55 | | AND | Austin | 69.30 | 71.80 | 2.50 | 3.28 | | AND | Austin | 72.80 | 74.00 | 1.20 | 3.66 | | MM25D-12-4848-018 | Austin | _No Assays > 3 g/t Au _ | | | | | MM25D-12-4848-019 | Austin | _No Assays > 3 g/t Au _ | | | | | MM25D-12-4848-020 | Austin | 58.00 | 61.00 | 3.00 | 5.38 | | Incl. | 60.00 | 61.00 | 1.00 | 12.82 | | | MM25D-12-4848-021 | Austin | 57.30 | 58.50 | 1.20 | 3.71 | | MM25D-12-4848-022 | Austin | 54.10 | 59.50 | 5.40 | 23.81 | | Incl. | 54.90 | 55.40 | 0.50 | 212.13 | | | Also Incl. | 56.30 | 56.80 | 0.50 | 30.14 | | | MM25D-12-4848-023 | Austin | 48.00 | 49.00 | 1.00 | 3.58 | | MM25D-12-4848-024 | Austin | 30.50 | 31.50 | 1.00 | 5.00 | | AND | Austin | 48.50 | 51.00 | 2.50 | 6.75 | | Incl. | 49.00 | 50.20 | 1.20 | 12.62 | | | AND | Austin | 53.70 | 54.20 | 0.50 | 10.97 | | MM25D-12-4848-025 | Austin | 53.00 | 62.60 | 9.60 | 10.98 | | Incl. | 53.00 | 53.50 | 0.50 | 45.34 | | | Also Incl. | 57.50 | 58.30 | 0.80 | 36.90 | | | MM25D-12-4848-026 | Austin | _No Assays > 3 g/t Au _ | | | | | MM25D-12-4848-027 | Austin | 45.00 | 49.20 | 4.20 | 6.69 | | AND | Austin | 54.20 | 54.80 | 0.60 | 3.43 | | MM25D-12-4848-028 | Austin | 44.20 | 46.00 | 1.80 | 7.09 | | AND | Austin | 50.00 | 54.50 | 4.50 | 14.99 | | MM25D-12-4848-029 | Austin | 45.20 | 48.80 | 3.60 | 15.71 | | Incl. | 47.50 | 48.10 | 0.60 | 76.32 | | | AND | Austin | 56.00 | 57.50 | 1.50 | 4.68 | | MM25D-12-4848-030 | Austin | 50.00 | 52.80 | 2.80 | 7.38 | | Incl. | 51.00 | 52.10 | 1.10 | 16.48 | | | AND | Austin | 59.50 | 61.00 | 1.50 | 5.67 | | MM25D-12-4848-031 | Austin | _No Assays > 3 g/t Au _ | | | | | MM25D-12-4848-032 | Austin | 52.00 | 54.20 | 2.20 | 4.45 | | Incl. | 53.70 | 54.20 | 0.50 | 18.48 | | | MM25D-12-4848-033 | Austin | 45.20 | 48.00 | 2.80 | 4.58 | | Incl. | 46.50 | 47.00 | 0.50 | 17.36 | | | MM25D-12-4848-034 | Austin | 40.00 | 41.00 | 1.00 | 4.44 | | AND | Austin | 49.70 | 51.00 | 1.30 | 3.75 | | MM25D-12-4848-035 | Austin | 44.60 | 50.00 | 5.40 | 3.37 | | Incl. | 44.60 | 45.15 | 0.55 | 10.03 | | | MM25D-12-4848-036 | Austin | 31.00 | 33.00 | 2.00 | 4.62 | | AND | Austin | 43.30 | 49.60 | 6.30 | 6.02 | | Incl. | 44.00 | 45.00 | 1.00 | 28.59 | | | MM25D-12-4848-037 | Austin | 44.00 | 47.00 | 3.00 | 4.42 | | Incl. | 44.00 | 45.00 | 1.00 | 10.74 | | | AND | Austin | 56.20 | 57.50 | 1.30 | 3.51 | | MM25D-12-4848-038 | Austin | 42.50 | 45.50 | 3.00 | 3.89 | | Incl. | 43.00 | 43.63 | 0.63 | 11.29 | | | AND | Austin | 50.70 | 53.40 | 2.70 | 4.47 | | Incl. | 52.10 | 52.79 | 0.69 | 11.32 | | | MM25D-12-4848-039 | Austin | 44.10 | 48.00 | 3.90 | 4.53 | | Incl. | 45.30 | 45.80 | 0.50 | 18.25 | | | MM25D-12-4848-040 | Austin | _No Assays > 3 g/t Au _ | | | | | MM25D-12-4848-041 | Austin | 43.00 | 47.00 | 4.00 | 10.41 | | Incl. | 43.50 | 44.00 | 0.50 | 55.45 | | | MM25D-12-4848-042 | Austin | 44.00 | 47.50 | 3.50 | 3.90 | | MM25D-12-4848-043 | Austin | 32.00 | 34.00 | 2.00 | 7.85 | | Incl. | 32.00 | 33.00 | 1.00 | 13.10 | | | AND | Austin | 46.73 | 47.35 | 0.62 | 4.16 | | MM25D-12-4848-044 | Austin | _No Assays > 3 g/t Au _ | | | | | MM25D-12-4848-045 | Austin | 36.00 | 36.80 | 0.80 | 3.54 | | AND | Austin | 43.75 | 49.60 | 5.85 | 17.29 | | Incl. | 45.50 | 47.00 | 1.50 | 45.31 | | | Also Incl. | 49.00 | 49.60 | 0.60 | 27.15 | | | MM25D-12-4848-046 | Austin | _No Assays > 3 g/t Au _ | | | | | MM25D-12-4848-047 | Austin | 47.50 | 48.85 | 1.35 | 3.49 | | MM25D-12-4848-048 | Austin | 45.95 | 47.60 | 1.65 | 9.15 | | Incl. | 45.95 | 46.50 | 0.55 | 11.22 | | | MM25D-12-4848-049 | Austin | 65.05 | 67.00 | 1.95 | 4.91 | | MM25D-12-4848-050 | Austin | 51.00 | 55.30 | 4.30 | 30.16 | | Incl. | 51.90 | 53.00 | 1.10 | 106.10 | | | MM25D-12-4848-051 | Austin | 61.75 | 64.85 | 3.10 | 3.12 | | AND | Austin | 65.35 | 65.85 | 0.50 | 3.04 | | AND | Austin | 67.60 | 68.55 | 0.95 | 3.62 |

*The “From-To” intervals in Table 1 are denoting overall downhole length of the intercept. True thickness has not been calculated for these intercepts but is expected to be ≥ 70% of downhole thickness based on intercept angles observed in the drill core. Internal dilution for composite intervals does not exceed 1m for samples grading <0.1 g/t Au.

TABLE 2: Drill collar summary for holes reported in this News Release.

| Hole ID | Target | Easting | Northing | Elev (m) | Length (m) | Azimuth | Dip | | MM25D-12-4848-001 | Austin | 435845 | 5646715 | -151 | 96.00 | 83 | 12 | | MM25D-12-4848-002 | Austin | 435845 | 5646715 | -151 | 90.00 | 88 | 12 | | MM25D-12-4848-003 | Austin | 435845 | 5646714 | -151 | 85.70 | 94 | 12 | | MM25D-12-4848-004 | Austin | 435845 | 5646714 | -151 | 81.00 | 100 | 12 | | MM25D-12-4848-005 | Austin | 435845 | 5646714 | -151 | 81.00 | 105 | 12 | | MM25D-12-4848-006 | Austin | 435845 | 5646714 | -151 | 81.00 | 112 | 12 | | MM25D-12-4848-007 | Austin | 435845 | 5646714 | -151 | 50.50 | 119 | 12 | | MM25D-12-4848-008 | Austin | 435845 | 5646714 | -151 | 51.00 | 125 | 13 | | MM25D-12-4848-009 | Austin | 435845 | 5646714 | -151 | 53.30 | 133 | 12 | | MM25D-12-4848-010 | Austin | 435845 | 5646714 | -151 | 54.60 | 140 | 12 | | MM25D-12-4848-011 | Austin | 435844 | 5646713 | -151 | 90.00 | 146 | 12 | | MM25D-12-4848-012 | Austin | 435844 | 5646713 | -151 | 90.00 | 153 | 12 | | MM25D-12-4848-013 | Austin | 435846 | 5646715 | -151 | 65.00 | 85 | 17 | | MM25D-12-4848-014 | Austin | 435846 | 5646715 | -151 | 90.00 | 84 | 6 | | MM25D-12-4848-015 | Austin | 435845 | 5646715 | -150 | 57.00 | 91 | 28 | | MM25D-12-4848-016 | Austin | 435845 | 5646715 | -151 | 62.40 | 91 | 17 | | MM25D-12-4848-017 | Austin | 435845 | 5646715 | -151 | 87.00 | 90 | 6 | | MM25D-12-4848-018 | Austin | 435845 | 5646715 | -150 | 61.00 | 94 | 22 | | MM25D-12-4848-019 | Austin | 435845 | 5646714 | -150 | 75.00 | 97 | 28 | | MM25D-12-4848-020 | Austin | 435845 | 5646714 | -151 | 81.00 | 97 | 17 | | MM25D-12-4848-021 | Austin | 435845 | 5646714 | -151 | 85.00 | 97 | 6 | | MM25D-12-4848-022 | Austin | 435845 | 5646714 | -150 | 78.00 | 100 | 22 | | MM25D-12-4848-023 | Austin | 435845 | 5646714 | -150 | 75.00 | 103 | 28 | | MM25D-12-4848-024 | Austin | 435845 | 5646714 | -151 | 78.00 | 103 | 17 | | MM25D-12-4848-025 | Austin | 435845 | 5646714 | -151 | 86.30 | 103 | 6 | | MM25D-12-4848-026 | Austin | 435845 | 5646714 | -150 | 71.10 | 106 | 34 | | MM25D-12-4848-027 | Austin | 435845 | 5646714 | -150 | 75.00 | 106 | 22 | | MM25D-12-4848-028 | Austin | 435845 | 5646714 | -150 | 75.00 | 108 | 28 | | MM25D-12-4848-029 | Austin | 435845 | 5646714 | -151 | 78.00 | 109 | 17 | | MM25D-12-4848-030 | Austin | 435845 | 5646714 | -151 | 83.30 | 109 | 6 | | MM25D-12-4848-031 | Austin | 435845 | 5646714 | -150 | 72.00 | 112 | 34 | | MM25D-12-4848-032 | Austin | 435845 | 5646714 | -150 | 75.00 | 113 | 23 | | MM25D-12-4848-033 | Austin | 435845 | 5646714 | -151 | 78.00 | 115 | 20 | | MM25D-12-4848-034 | Austin | 435845 | 5646714 | -151 | 54.10 | 115 | 6 | | MM25D-12-4848-035 | Austin | 435845 | 5646714 | -150 | 75.00 | 116 | 28 | | MM25D-12-4848-036 | Austin | 435845 | 5646714 | -150 | 49.60 | 119 | 23 | | MM25D-12-4848-037 | Austin | 435845 | 5646714 | -150 | 72.00 | 120 | 35 | | MM25D-12-4848-038 | Austin | 435845 | 5646714 | -150 | 75.00 | 122 | 29 | | MM25D-12-4848-039 | Austin | 435845 | 5646714 | -151 | 48.90 | 122 | 17 | | MM25D-12-4848-040 | Austin | 435845 | 5646714 | -151 | 53.30 | 122 | 6 | | MM25D-12-4848-041 | Austin | 435845 | 5646714 | -150 | 48.47 | 126 | 23 | | MM25D-12-4848-042 | Austin | 435845 | 5646714 | -150 | 72.00 | 127 | 35 | | MM25D-12-4848-043 | Austin | 435845 | 5646714 | -151 | 51.10 | 129 | 17 | | MM25D-12-4848-044 | Austin | 435845 | 5646714 | -151 | 55.00 | 129 | 6 | | MM25D-12-4848-045 | Austin | 435845 | 5646714 | -150 | 49.60 | 133 | 25 | | MM25D-12-4848-046 | Austin | 435845 | 5646714 | -151 | 60.00 | 136 | 6 | | MM25D-12-4848-047 | Austin | 435845 | 5646714 | -151 | 52.30 | 137 | 18 | | MM25D-12-4848-048 | Austin | 435845 | 5646714 | -150 | 51.80 | 142 | 25 | | MM25D-12-4848-049 | Austin | 435845 | 5646714 | -151 | 67.50 | 143 | 6 | | MM25D-12-4848-050 | Austin | 435844 | 5646714 | -151 | 55.30 | 145 | 18 | | MM25D-12-4848-051 | Austin | 435844 | 5646713 | -151 | 96.00 | 150 | 6 |

DISCUSSION

The Austin zone is currently accessed through the Madsen Mine West Portal. Like the other mineralized domains that comprise the Madsen Mine, the Austin structures are hosted within broad, kilometer-scale planar alteration and deformation corridors that have been repeatedly reactivated during gold mineralization and subsequent deformation and metamorphism.

At the deposit scale the Austin, South Austin, North Austin, and McVeigh Zones are locally folded and structurally dismembered by transposition and rotation into the penetrative S2 Foliation. In addition to this intense deformation overprint, the mineralized veins and alteration have been subjected to the relatively high temperatures of amphibolite facies metamorphism, which led to extensive recrystallization and growth of the skarn-like replacement mineral assemblage of diopside-amphibole-quartz-biotite.

All significant gold mineralization on the mine property is demonstrably early relative to the most significant, penetrative deformation (D2) and metamorphic events. The North Austin Zone displays ‘mine-style’ alteration and mineralization and consists of multiple mineralized domains defined over a strike length of 0.5km. Mineralization remains open at depth and along strike to the northeast.

In drill core, or at underground face exposures, gold-bearing zones at the Madsen Mine are best identified visually by fine (sub-millimetre) grains of free gold within strong alteration and veining. All high-grade intervals generally contain visible gold on drill core exteriors, although numerous examples exist of high-grade assays where visible gold was only identified within the interior (cut surface) of the core samples. Apart from the presence of free gold, pervasive silicification (locally accompanied by discrete quartz veining) and quartz-carbonate or diopside veining are the best indicators that a given interval is within a high-grade zone along/within the mineralized structure.

The current underground drilling program at the Madsen Mine is focused on further definition of near-term mining inventory, as well as growth of the current mineral resource. Drilling has been focused on the more continuous and higher-grade portions of the Austin, South Austin, North Austin and McVeigh Zones. This will continue to be the strategy through 2025.

High resolution versions of all the figures contained in this press release can be found at the following web address: https://westredlakegold.com/april-2025-nr-figures/ .

FIGURE 1. Madsen Mine long section showing location of 12-4848 Drill Bay in the Austin Zone. [1]

[1] Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US1,800/oz. Please refer to the technical report entitled “NI 43-101 Technical Report and Prefeasibility Study for the Madsen Mine, Ontario, Canada”, prepared by SRK Consulting (Canada) Inc. and dated January 7, 2025. A full copy of the SRK report is available on the Company’s website and on SEDAR+ at www.sedarplus.ca .

FIGURE 2. Austin plan view drill section showing assay highlights for Holes MM25D-12-4848-001 through -051. [1]

FIGURE 3. Austin section view showing assay highlights for Holes MM25D-12-4848-001, -013 and-014.

FIGURE 4. Austin section view showing assay highlights for Holes MM25D-12-4848-002 and -015 through -018.

FIGURE 5. Austin section view showing assay highlights for Holes MM25D-12-4848-003 and -019 through -021.

FIGURE 6. Austin section view showing assay highlights for Holes MM25D-12-4848-004 and -022 through -025.

FIGURE 7. Austin section view showing assay highlights for Holes MM25D-12-4848-005, -026 and -027.

FIGURE 8. Austin section view showing assay highlights for Holes MM25D-12-4848-006 and -028 through -031.

FIGURE 9. Austin section view showing assay highlights for Holes MM25D-12-4848-031 through -033 and -035.

FIGURE 10. Austin section view showing assay highlights for Holes MM25D-12-4848-007 and -036 through -040.

https://www.globenewswire.com/NewsRoom/AttachmentNg/5b56c90d-674e-4c26-a684-873f1c068b07

FIGURE 11. Austin section view showing assay highlights for Holes MM25D-12-4848-008 and -041 through -044.

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FIGURE 12. Austin section view showing assay highlights for Holes MM25D-12-4848-009, -010 and -045 through -047.

https://www.globenewswire.com/NewsRoom/AttachmentNg/6dae22ce-e575-4a6c-b2ee-ccbb16ab2bf3

FIGURE 13. Austin section view showing assay highlights for Holes MM25D-12-4848-011, -012 and -048 through -051.

QUALITY ASSURANCE/QUALITY CONTROL

Drilling completed underground at the Madsen Mine consists of BQ-sized diamond drill core for definition drill programs and oriented NQ-sized diamond drill core for exploration focused drilling. All drill holes are systematically logged, photographed, and sampled by a trained geologist at the Madsen Mine core processing facility. Minimum allowable sample length is 0.5m. Maximum allowable sample length is 1.5m. Control samples (certified standards and uncertified blanks), along duplicates, are inserted at a target 5% insertion rate. Results are assessed for accuracy, precision, and contamination on an ongoing basis. The BQ-sized drill core is whole core sampled. The NQ-sized drill core is then cut lengthwise utilizing a diamond blade core saw along a line pre-selected by the geologist. To reduce sampling bias, the same side of drill core is sampled consistently utilizing the orientation line as reference. For those samples containing visible gold (“VG”), a trained geologist supervises the cutting/bagging of those samples, and ensures the core saw blade is ‘cleaned’ with a dressing stone following the VG sample interval. Bagged samples are then sealed with zip ties and transported by Madsen Mine personnel directly to SGS Natural Resource’s Facility in Red Lake, Ontario for assay.

Samples are then prepped by SGS, which consists of drying at 105°C and crushing to 75% passing 2mm. A riffle splitter is then utilized to produce a 500g course reject for archive. The remainder of the sample is then pulverized to 85% passing 75 microns from which 50g is analyzed by fire assay and an atomic absorption spectroscopy (AAS) finish (SGS Code GO-FAA50V10). Samples returning gold values > 100 g/t Au are reanalyzed by fire assay with a gravimetric finish on a 50g sample (SGS Code GO_FAG50V). Samples with visible gold are also analyzed via metallic screen analysis (SGS code: GO_FAS50M). For multi-element analysis, samples are sent to SGS’s facility in Burnaby, British Columbia and analyzed via four-acid digest with an atomic emission spectroscopy (ICP-AES) finish for 33-element analysis on 0.25g sample pulps (SGS code: GE_ICP40Q12). SGS Natural Resources analytical laboratories operates under a Quality Management System that complies with ISO/IEC 17025.