West Red Lake Gold Announces Updated Rowan Mineral Resource Estimate and Maiden Mount Jamie Resource
Vancouver, BC, June 11, 2026 — June 11, 2026 — Leads & Copy — West Red Lake Gold Mines (TSXV: WRLG) (OTCQX: WRLGF) announced on June 9, 2026, an updated 2026 Mineral Resource Estimate (MRE) for its Rowan Project and a maiden MRE for the nearby Mount Jamie deposit. The Rowan MRE indicates significant growth in the Indicated category, de-risking the project and enhancing its quality.
“The updated Rowan MRE reinforces our view that Rowan remains one of the most compelling growth assets within our Red Lake portfolio,” stated WRLG Shane Williams, President and CEO. “Rowan is among one of the highest-grade undeveloped gold projects situated in a Tier-1 mining jurisdiction and continues to demonstrate the potential to become an important long-term source of high-margin ounces.”
At Rowan, West Red Lake Gold invested C$3.5 million in drilling 37 holes totaling 6,300 meters. The total discovery cost for both Indicated and Inferred categories was C$17.60 per ounce.
Key highlights from June 9, 2026, include a 70% increase in Rowan’s Indicated gold ounces to 334,825 ounces at 13.03 grams per tonne (g/t) gold, compared to 196,747 ounces at 12.78 g/t gold in the 2025 MRE. Rowan’s Inferred gold ounces increased by 52% to 179,013 oz grading 15.31 g/t Au, up from 118,155 oz grading 8.73 g/t Au in the 2025 MRE.
The Mount Jamie deposit has an initial resource estimate including an Indicated resource of 49,407 ounces at 14.13 g/t gold, and an additional Inferred resource of 35,791 oz grading 11.97 g/t Au.
West Red Lake Gold VP of Exploration Will Robinson, in a YouTube video released June 9, 2026, explained the significance of these estimates. He noted that 6,300 meters of drilling across 37 holes at Rowan led to significant increases in both Indicated and Inferred resources. The Indicated gold resource grew by 70% to approximately 334,000 ounces at 13 g/t gold, and the Inferred gold resource increased by 52% to around 179,000 ounces at 15.3 g/t, with a 75% increase in grade in the inferred category. Robinson also highlighted the discovery cost of approximately C$17.60 per ounce.
Robinson added that the Mount Jamie deposit estimates show 49,000 Indicated ounces at 14 g/t gold and about 35,000 Inferred ounces at 12 g/t gold, with the aim to build and grow this resource to complement Rowan as separate satellite areas for simultaneous mining.
The 2026 MRE incorporates recent drilling focused on resource conversion and extension, along with updated geological interpretations. The Rowan and Mt. Jamie vein systems remain open at depth, with potential for continued expansion.
West Red Lake Gold acquired Madsen two and a half years ago and has since drilled over 150,000 meters and advanced over 10,500 meters of underground development. Madsen achieved commercial production in January 2026. In Q1 2026, the company generated approximately $41.8 million in revenue from the sale of 6,165 ounces of gold at an average realized price of US$4,938 per ounce, with $15.3 million in income from mine operations. The quarter ended with approximately $35.9 million in cash, and debt repayments began.
“Rowan is an important building block in our long-term hub-and-spoke growth strategy, currently being evaluated, where the Madsen mill and infrastructure act as a central processing hub for multiple high-grade deposits across the Red Lake District,” stated Williams. “Advancing Rowan strengthens this objective, and we believe this multi-asset approach will provide greater operational flexibility, expand margins, extend mine life, and support a larger production profile over time.”
The Rowan Project is 100% owned by West Red Lake Gold and is located in the Red Lake Mining District of northwestern Ontario, Canada. A Technical Report for the Rowan MRE, prepared in accordance with NI 43-101, will be filed on SEDAR+ within forty-five days of the news release. Technical information was reviewed by Will Robinson, P.Geo., Vice President of Exploration for West Red Lake Gold and the Qualified Person.
Source: West Red Lake Gold
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