West Red Lake Gold Mines Ltd. has reported encouraging gold assay results from a recent drilling campaign at its historic Starratt-Olsen Mine, located just 1.1 kilometers southwest of the company’s fully owned Madsen Mine. The first five holes of a 12-hole surface drilling program—totaling 4,100 meters of oriented drilling—yielded intercepts exceeding historical expectations, with two key results standing out: a 1.5-meter interval grading 16.16 grams per tonne (g/t) gold and a 1.5-meter interval grading 10.94 g/t gold. Notably, Hole WRL26-054 returned 0.85 meters at 24.60 g/t gold, while Hole WRL26-055 intersected 4.5 meters at 5.16 g/t gold. These findings follow a 2016-era drillhole (PG16-198) that produced 2 meters at 27.3 g/t gold and 3 meters at 104.1 g/t gold, underscoring the potential for deeper mineralization along the same structural trend as Madsen.
West Red Lake Gold Reports Strong Gold Intercepts at Starratt-Olsen Mine
New drill results at the historic Starratt-Olsen property highlight potential for expanded gold production near Madsen Mine in Northwestern Ontario.
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Sophie Laurent · FX & Rates Desk · 21 Sept 2026 · 07:57 · 1 min read
This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Sophie Laurent
FX & Rates Desk
Sophie covers currency markets and central bank policy across Europe, with a focus on how rate decisions ripple through FX pairs. She has been tracking the ECB's policy path since the start of the current easing cycle.
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