en.Wedoany.com Reported - West Red Lake Gold Mines (TSXV: WRLG | OTCQB: RLGMF | FRA: HYK) has updated the mineral resource estimate for the Rowan deposit, with indicated gold resources increasing by 70% to approximately 334,000 ounces at a grade of 13 g/t, and has introduced an initial resource estimate for the adjacent Mount Jamie deposit, expanding the high-confidence resource inventory available for future mine planning. This updated data will form the basis for a combined pre-feasibility study and demonstrates the company's growth strategy for satellite mine supply around the Madsen mine.
The updated Rowan indicated resource represents a significant increase from the 2025 estimate of 196,000 ounces at a grade of 12.78 g/t, providing a larger resource base for the combined pre-feasibility study, directly impacting mine life and annual production capacity expectations in the economic model. The previous preliminary economic assessment, based on the 2025 resource, modeled ore sourcing of 35,200 ounces per year over five years at an average diluted grade of 8 g/t gold, while the expanded indicated resource grade of 13 g/t raises the upper limit that the pre-feasibility study can model.
Inferred resources increased to 179,000 ounces at a grade of 15.3 g/t, representing a 75% increase in grade over the previous inferred resource and exceeding the prior indicated average grade of 12.78 g/t, which can be converted to higher confidence categories through subsequent infill drilling, helping to improve the efficiency of future drilling programs. Located 80 kilometers from the wholly owned Madsen processing plant, Rowan will operate as a toll-milling satellite mine, transporting ore to the existing, fully permitted processing facility with a capacity of 800 tonnes per day (nameplate capacity of 1,100 tonnes per day), avoiding the significant capital expenditure required for independent processing. The combined pre-feasibility study will follow this model and update cost assumptions based on current conditions.
This resource update is based on a drilling program of 37 holes totaling 6,300 meters, with a total cost of CAD 3.5 million, equivalent to approximately CAD 17.60 per ounce of discovery and conversion costs. As of December 31, 2025, the company's cash balance was CAD 48 million. The initial resource estimate for Mount Jamie is 49,000 ounces at a grade of 14 g/t and 35,000 ounces at a grade of 12 g/t, with grades consistent with the Rowan prior indicated resource average grade of 12.78 g/t. The geological characteristics of this deposit are similar to Rowan, and the current resource is primarily based on historical drilling data with gaps in analytical coverage, mirroring the early-stage situation of Rowan. Therefore, the timeline for subsequent drilling programs has not yet been announced, and this initial resource has not been included in any economic studies.
Mount Jamie is located 2 kilometers west of Rowan, and its geographic position creates synergies for both deposits to serve as satellite sources supplying the Madsen processing plant. The expanded Rowan resource will be incorporated into the combined Madsen-Rowan pre-feasibility study targeting the third quarter of 2026, which will be the first study to combine the production economics of both assets under a hub-and-spoke strategy and will use updated gold price assumptions to replace the previously used base case of USD 1,800 per ounce.
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