# Madsen Open Below 1.3 Kilometers: 8 Depth Signals for West Red Lake Gold Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/madsen-open-below-1-3-kilometers-8-depth-signals-for-west-red-lake-gold--1f9d0a60-0e1e-42b3-9122-34b6a8462e2a Original source: https://www.cruxinvestor.com/posts/madsen-open-below-1-3-kilometers-8-depth-signals-for-west-red-lake-gold Publisher: cruxinvestor Original announcement: 2026-10-21T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-21T08:47:29.753Z Atlas analysis updated: 2026-10-21T08:47:29.753Z - Company: West Red Lake Gold Mines - Ticker: WRLG - Exchange: Unavailable - Region: Ontario - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Drill results, Resource update - Extracted: 2026-10-21 08:47:30 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary West Red Lake Gold Mines has reported high-grade gold intercepts from its Madsen Mine, including 176.04 g/t over 5.3 m in the 904 Complex. The company is also seeing success with the Upper 8 discovery near surface and is developing infrastructure to test deeper mineralization below 1.3 km. Reasoning: The document reports significant high-grade intercepts from recent drilling in non-remnant ground and highlights a new near-surface discovery \(Upper 8\), while also providing a summary of the current resource status. - Positive factor: High-grade intercepts in unmined ground - Positive factor: Discovery of Upper 8 zone near surface - Positive factor: Deposit open at depth with comparable regional potential - Negative factor: True widths not calculated for some intercepts - Negative factor: Historical deep intercepts lack drill dates Facts used in scoring: 8 ## Classification and evidence **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: 176.04 g/t gold is exceptionally high grade for this deposit type. Evidence · text > 176.04 grams per tonne \(g/t\) gold **Apparent Width Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: The document states true thickness has not been calculated for the 904 intercept. Evidence · text > true thickness has not been calculated **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The company reports 1,653,000 oz of Indicated gold resource. Evidence · text > 1,653,000 oz Indicated at 7.4 g/t **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The company reports 366,200 oz of Inferred gold resource. Evidence · text > 366,200 oz Inferred at 6.3 g/t ## Extracted facts Stored fact records: 8. Some facts used in scoring do not have a stored record. ## Drill Results (8) ### 904 [Link to this fact](https://atlas-staging.minestarters.com/news/madsen-open-below-1-3-kilometers-8-depth-signals-for-west-red-lake-gold--1f9d0a60-0e1e-42b3-9122-34b6a8462e2a#fact-drill-facts-0) Madsen Mine · gold #### Identity - Hole ID: 904 - Project: Madsen Mine - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: WRLG #### Geometry - Grade: 176.04 - Grade Unit: g/t - Intercept: 5.3 m - From: 650 m - To: 700 m - Intercept Depth: 650 m #### Classification - Sample Type: drill - Group ID: 904:650-700 - Mining Method: underground #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: 176.04 g/t over 5.3 m is an exceptional high-grade intercept in unmined ground. - Positive factor: Bonanza grade intercept - Negative factor: True width not calculated Evidence · text > The best 904 intercept was 176.04 grams per tonne \(g/t\) gold over 5.3 m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 904 [Link to this fact](https://atlas-staging.minestarters.com/news/madsen-open-below-1-3-kilometers-8-depth-signals-for-west-red-lake-gold--1f9d0a60-0e1e-42b3-9122-34b6a8462e2a#fact-drill-facts-1) Madsen Mine · gold #### Identity - Hole ID: 904 - Project: Madsen Mine - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: WRLG #### Geometry - Grade: 925.52 - Grade Unit: g/t - Intercept: 1 m - From: 650 m - To: 700 m - Intercept Depth: 650 m #### Classification - Sample Type: drill - Group ID: 904:650-700 - Mining Method: underground #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Extremely high-grade sub-interval within the 904 intercept. - Positive factor: Bonanza grade intercept Evidence · text > including 925.52 g/t over 1 m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### historical\_deep\_1 [Link to this fact](https://atlas-staging.minestarters.com/news/madsen-open-below-1-3-kilometers-8-depth-signals-for-west-red-lake-gold--1f9d0a60-0e1e-42b3-9122-34b6a8462e2a#fact-drill-facts-2) Madsen Mine · gold Historical result Needs review: ungrounded #### Identity - Hole ID: historical\_deep\_1 - Project: Madsen Mine - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: WRLG #### Geometry - Grade: 34.6 - Grade Unit: g/t - Intercept: 4.3 m #### Classification - Sample Type: drill - Mining Method: underground #### Review - Needs Review: Yes - Review Reason: ungrounded - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Historical high-grade intercept showing continuity at depth, but lacks specific metadata. - Positive factor: High grade at depth - Negative factor: No drill dates provided Evidence · text > Two deep holes returned 34.6 g/t gold over 4.3 m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### historical\_deep\_2 [Link to this fact](https://atlas-staging.minestarters.com/news/madsen-open-below-1-3-kilometers-8-depth-signals-for-west-red-lake-gold--1f9d0a60-0e1e-42b3-9122-34b6a8462e2a#fact-drill-facts-3) Madsen Mine · gold Historical result Needs review: ungrounded #### Identity - Hole ID: historical\_deep\_2 - Project: Madsen Mine - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: WRLG #### Geometry - Grade: 14.3 - Grade Unit: g/t - Intercept: 2 m #### Classification - Sample Type: drill - Mining Method: underground #### Review - Needs Review: Yes - Review Reason: ungrounded - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Historical high-grade intercept showing continuity at depth. - Positive factor: High grade at depth - Negative factor: No drill dates provided Evidence · text > and 14.3 g/t over 2.0 m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Upper\_8\_initial [Link to this fact](https://atlas-staging.minestarters.com/news/madsen-open-below-1-3-kilometers-8-depth-signals-for-west-red-lake-gold--1f9d0a60-0e1e-42b3-9122-34b6a8462e2a#fact-drill-facts-4) Madsen Mine · gold Needs review: ungrounded #### Identity - Hole ID: Upper\_8\_initial - Project: Madsen Mine - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: WRLG #### Geometry - Grade: 44.17 - Grade Unit: g/t - Intercept: 1.3 m #### Classification - Sample Type: drill - Mining Method: underground #### Review - Needs Review: Yes - Review Reason: ungrounded - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Strong high-grade intercept from the new Upper 8 discovery. - Positive factor: High grade near surface Evidence · text > best results of 44.17 g/t over 1.3 m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Upper\_8\_initial [Link to this fact](https://atlas-staging.minestarters.com/news/madsen-open-below-1-3-kilometers-8-depth-signals-for-west-red-lake-gold--1f9d0a60-0e1e-42b3-9122-34b6a8462e2a#fact-drill-facts-5) Madsen Mine · gold Needs review: ungrounded #### Identity - Hole ID: Upper\_8\_initial - Project: Madsen Mine - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: WRLG #### Geometry - Grade: 20.63 - Grade Unit: g/t - Intercept: 0.5 m #### Classification - Sample Type: drill - Mining Method: underground #### Review - Needs Review: Yes - Review Reason: ungrounded - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Strong high-grade intercept from the new Upper 8 discovery. - Positive factor: High grade near surface Evidence · text > and 20.63 g/t over 0.5 m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 7 [Link to this fact](https://atlas-staging.minestarters.com/news/madsen-open-below-1-3-kilometers-8-depth-signals-for-west-red-lake-gold--1f9d0a60-0e1e-42b3-9122-34b6a8462e2a#fact-drill-facts-6) Madsen Mine · gold #### Identity - Project: Madsen Mine - Commodity: gold - Region: canada\_on - Reported Region: Ontario - Ticker: WRLG #### Geometry - Grade: 7.4 - Grade Unit: g/t #### Compositing - Cutoff Grade: 3.38 - Cutoff Unit: g/t #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Part of the current resource base. - Positive factor: Significant indicated resource Evidence · text > current resource includes 1,653,000 oz Indicated at 7.4 g/t #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true ### Fact 8 [Link to this fact](https://atlas-staging.minestarters.com/news/madsen-open-below-1-3-kilometers-8-depth-signals-for-west-red-lake-gold--1f9d0a60-0e1e-42b3-9122-34b6a8462e2a#fact-drill-facts-7) Madsen Mine · gold #### Identity - Project: Madsen Mine - Commodity: gold - Region: canada\_on - Reported Region: Ontario - Ticker: WRLG #### Geometry - Grade: 6.3 - Grade Unit: g/t #### Compositing - Cutoff Grade: 3.38 - Cutoff Unit: g/t #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: Speculative resource component. - Negative factor: Inferred category Evidence · text > and 366,200 oz Inferred at 6.3 g/t #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.