West Red Lake Gold Mines (TSXV: WRLG | OTCQB: WRLGF) announced drill results from its 100%-owned Madsen Mine in Northwestern Ontario on September 22, 2026, reporting a headline intercept of 176.04 g/t gold over 5.3 metres from the Austin 904 Complex. The 904 Complex represents a rare zone of non-remnant, previously unmined gold mineralization within the Madsen deposit, covering an approximately 200-metre by 200-metre panel. Investors may be watching the results closely given the company's stated goal of integrating these complexes into the Madsen mine plan in 2027, as disclosed in management's comments.

Key Points

  • West Red Lake Gold Mines (TSXV: WRLG | OTCQB: WRLGF) operates the Madsen Mine in Northwestern Ontario, Canada
  • Underground drill results include 176.04 g/t gold over 5.3 metres from the Austin 904 Complex at approximately 650–700 metres depth
  • Q2 2026 gold production increased 51% over Q1 to 8,576 ounces; gold sales rose 34% to 8,260 ounces
  • Rowan Project Indicated gold ounces grew 70% to 335,058 oz at 13.04 g/t in the 2026 mineral resource estimate

Austin 904 and 955 Complex Drill Intercepts at Madsen Mine

Results from the Austin 904 Complex were drilled from the 13 and 14 Levels of the Madsen Mine at approximately 650 metres and 700 metres depth respectively. Results from the Austin 955 Complex were drilled from the 12 Level at approximately 600 metres depth, supplementing intercepts announced July 7, 2026, which included 43.48 g/t gold over 3.85 metres and 53.87 g/t gold over 3.1 metres. Will Robinson, VP of Exploration, stated that mineralized panels within the 904 and 955 complexes are "holding together quite well with strong grades and continuity demonstrated across multiple areas," and that these results continue to build confidence in the geological model.

Strategic Significance of Non-Remnant Mineralization at the 904 Complex

Management highlighted the Austin 904 as a unique opportunity within the Madsen deposit because the approximately 200-metre by 200-metre panel was not historically mined. Robinson noted in the release that the complexes sit close to existing underground infrastructure, and that accessing fresh, non-remnant material is expected to result in larger stopes and increased efficiency during design and extraction. The company's current underground drilling program continues to focus on defining near-term mining inventory across the higher-grade, more continuous portions of the Austin and South Austin Zones, with this strategy stated to continue through 2026.

Q2 2026 Production Results and Rowan Project Resource Growth

The announcement references Q2 2026 financial and operating results showing gold production increased 51% over Q1 to 8,576 ounces, while gold sales increased 34% to 8,260 ounces. On the resource front, the updated 2026 Mineral Resource Estimate for the Rowan Project, announced June 9, 2026, showed Indicated gold ounces grow 70% to 335,058 ounces at 13.04 g/t, alongside Inferred gold ounces increasing 52% to 179,029 ounces at 15.31 g/t. The company reported a discovery cost of approximately C$17.60 per ounce gold, achieved with C$3.5 million in exploration expenditure and 6,300 metres of drilling.