Gold Finder Announces Next Phase of Target Development at West Madsen Gold Project, Red Lake, Ontario
Gold Finder Resources (OTCQB: GLDFF) has announced its summer fieldwork program at the 100%-owned West Madsen Property in Red Lake, Ontario. The company has completed sampling across two key areas, collecting over 200 soil samples and 25 rock-grab samples, with results pending.
Area 1 extends from Tack Lake to the western property boundary with Athena Gold's Laird Lake property, where historical samples showed values up to 373 g/t Au. Area 2, near the eastern boundary, focuses on previously identified soil anomalies up to 106 ppb Au and ultramafic flows from the Balmer Assemblage.
The West Madsen Project spans 5,988 hectares and is strategically located just 5 kilometers from the recently restarted Madsen Gold Mine, operated by West Red Lake Gold Mines.
Gold Finder Resources (OTCQB: GLDFF) ha annunciato il programma di lavoro estivo sul campo presso la proprietà West Madsen, di cui detiene il 100%, situata a Red Lake, Ontario. L'azienda ha completato il campionamento in due aree chiave, raccogliendo oltre 200 campioni di suolo e 25 campioni di roccia, i cui risultati sono in attesa di analisi.
L'Area 1 si estende da Tack Lake fino al confine occidentale della proprietà, confinante con la proprietà Laird Lake di Athena Gold, dove campioni storici hanno mostrato valori fino a 373 g/t Au. L'Area 2, vicino al confine orientale, si concentra su anomalie del suolo precedentemente identificate con valori fino a 106 ppb Au e su flussi ultramafici dell'Assemblaggio Balmer.
Il progetto West Madsen copre una superficie di 5.988 ettari ed è strategicamente posizionato a soli 5 chilometri dalla recentemente riaperta miniera d'oro Madsen, gestita da West Red Lake Gold Mines.
Gold Finder Resources (OTCQB: GLDFF) ha anunciado su programa de trabajo de campo de verano en la propiedad West Madsen, de la que posee el 100%, ubicada en Red Lake, Ontario. La compañía ha completado el muestreo en dos áreas clave, recolectando más de 200 muestras de suelo y 25 muestras de roca, cuyos resultados están pendientes.
El Área 1 se extiende desde Tack Lake hasta el límite occidental de la propiedad, que colinda con la propiedad Laird Lake de Athena Gold, donde muestras históricas mostraron valores de hasta 373 g/t Au. El Área 2, cerca del límite oriental, se centra en anomalías de suelo previamente identificadas con valores de hasta 106 ppb Au y flujos ultramáficos del Ensamblaje Balmer.
El proyecto West Madsen abarca 5,988 hectáreas y está estratégicamente ubicado a solo 5 kilómetros de la mina de oro Madsen, recientemente reabierta y operada por West Red Lake Gold Mines.
Gold Finder Resources (OTCQB: GLDFF)는 온타리오 레드레이크에 위치한 100% 소유 West Madsen 부동산에서 여름 현장 작업 프로그램을 발표했습니다. 회사는 두 개의 주요 지역에서 샘플링을 완료했으며, 200개 이상의 토양 샘플과 25개의 암석 샘플을 수집했으며 결과는 아직 대기 중입니다.
지역 1은 Tack Lake에서 Athena Gold의 Laird Lake 부동산과 접한 서쪽 경계까지 확장되며, 과거 샘플에서는 최대 373 g/t Au의 값이 나타났습니다. 지역 2는 동쪽 경계 근처에 위치하며, 이전에 확인된 최대 106 ppb Au의 토양 이상 및 Balmer 조립체의 초염기성 흐름에 중점을 두고 있습니다.
West Madsen 프로젝트는 5,988헥타르에 걸쳐 있으며, 최근 재가동된 West Red Lake Gold Mines가 운영하는 Madsen 금광에서 단 5킬로미터 거리에 전략적으로 위치해 있습니다.
Gold Finder Resources (OTCQB : GLDFF) a annoncé son programme de travaux estivaux sur le terrain sur la propriété West Madsen, détenue à 100 %, située à Red Lake, en Ontario. La société a terminé le prélèvement d'échantillons dans deux zones clés, collectant plus de 200 échantillons de sol et 25 échantillons de roche, dont les résultats sont en attente.
La zone 1 s'étend de Tack Lake jusqu'à la limite ouest de la propriété, bordant la propriété Laird Lake d'Athena Gold, où des échantillons historiques ont montré des valeurs allant jusqu'à 373 g/t Au. La zone 2, près de la limite est, se concentre sur des anomalies de sol précédemment identifiées atteignant 106 ppb Au et sur des coulées ultramafiques de l'assemblage Balmer.
Le projet West Madsen couvre 5 988 hectares et est stratégiquement situé à seulement 5 kilomètres de la mine d'or Madsen récemment relancée, exploitée par West Red Lake Gold Mines.
Gold Finder Resources (OTCQB: GLDFF) hat sein Sommerfeldarbeitsprogramm auf dem zu 100 % im Besitz befindlichen West Madsen Grundstück in Red Lake, Ontario, angekündigt. Das Unternehmen hat Proben in zwei Schlüsselbereichen entnommen und dabei über 200 Bodenproben und 25 Gesteinsproben gesammelt; die Ergebnisse stehen noch aus.
Bereich 1 erstreckt sich von Tack Lake bis zur westlichen Grundstücksgrenze zum Laird Lake Grundstück von Athena Gold, wo historische Proben Werte bis zu 373 g/t Au zeigten. Bereich 2, nahe der östlichen Grenze, konzentriert sich auf zuvor identifizierte Bodenanomalien mit Werten bis zu 106 ppb Au und ultramafische Flüsse aus der Balmer-Assemblage.
Das West Madsen Projekt umfasst 5.988 Hektar und liegt strategisch nur 5 Kilometer von der kürzlich wieder in Betrieb genommenen Madsen Goldmine entfernt, die von West Red Lake Gold Mines betrieben wird.
- Strategic location adjacent to recently restarted Madsen Gold Mine
- Property contains same Balmer-Confederation contact that hosts major Red Lake gold deposits
- Historical high-grade gold samples in adjacent properties indicate exploration potential
- 100% ownership of large 5,988-hectare land package in prime Red Lake location
- Results from current sampling program still pending
- Early-stage exploration project with no defined resource
West Madsen adjoins Madsen Mine property, owned by West Red Lake Gold Mines (WRLG), which recently announced the restart of the Madsen Gold Mine
Vancouver, British Columbia--(Newsfile Corp. - July 3, 2025) - Gold Finder Resources Ltd. (TSXV: GLD) (OTCQB: GLDFF) ("Gold Finder" or the "Company") is pleased to announce summer fieldwork at its
A review of the Company's previous exploration programs on the Property (2019-2024) was conducted to determine untested targets and areas that require further fieldwork prior to carrying out any additional mechanical stripping or drilling.
Figure 1: Showing West Madsen - Block A and 2025 target areas.
To view an enhanced version of this graphic, please visit:
https://goldfinderresources.com/images/westmadsen/West-Madsen-2025-Proposed-Exploration-w.jpg
Two areas were selected for the 2025 fieldwork (see Figure 1) and the work was carried out by Emerald Geological Services. More than 200 soil samples and 25 rock-grab samples were collected during the June program and submitted for laboratory analysis, with results pending.
Area 1
Covers an area from Tack Lake, where the Balmer-Confederation contact has been identified in drilling, to the western property boundary with Athena Gold's Laird Lake property, where Athena reported bonanza-grade grab samples up to 373 g/t Au (see Athena's Dec. 4, 2024 news release). Prospecting and soil sampling was carried out to identify further gold anomalies proximal to the Balmer-Confederation contact. Reports from the Ontario Assessment File Database indicate grab samples up to 2.23 g/t Au approximately 500 meters west of the West Madsen property boundary and drill intersections up to 8.4 g/t Au over 1.3 meters approximately 1.5 km west of the boundary, as well as grab samples up to 178 ppb Au near the west shore of Tack Lake on the Property.
Area 2
Covers an area near the eastern boundary of the Property, where 2020 soil sampling yielded anomalies up to 106 ppb Au from "A" horizon, and where 2024 drillholes WM-24-03 and WM-24-04 intersected ultramafic flows believed to belong to the Balmer Assemblage, which hosts the current and past producing gold mines of the Red Lake camp. Infill soil sampling and prospecting was carried out in this area during the 2025 program.
"It's an opportune time to continue our systematic exploration of the West Madsen property with the official restart of the Madsen Gold Mine and our eastern claim boundary only 5 kilometres from the Madsen mine/mill complex," said Greg Lytle, President of Gold Finder.
About the West Madsen Gold Project
The West Madsen Gold Project covers 5,988 hectares in the heart of the Red Lake Gold Camp. It is comprised of two contiguous claim blocks: Block A to the east and Block B to the west, both accessible by secondary roads connecting to Ontario HWY 618 then to the town of Red Lake 15 km to the northeast. Block A adjoins the Madsen mine property, owned by West Red Lake Gold Mines, which recently announced the restart of the Madsen gold mine (see WRLG news release of May 22, 2025).
The bulk of the mineral resources on the Madsen mine property are hosted in a ~7-km-long gold trend that follows the major crustal break or contact between the Balmer and Confederation assemblages. Gold Finder has observed the same Balmer-Confederation contact in outcrop approximately 1.5 km west of the Block A eastern claim boundary and identified it within an ~8-km corridor of disrupted regional magnetics that traverses Block A from the Madsen mine property.
The technical information in this news release was reviewed and approved by Coleman Robertson, B.Sc., P. Geo., a qualified person (QP) for the purposes of NI 43-101 and V.P. Exploration for Emerald Geological Services.
About Gold Finder Resources Ltd.
Gold Finder is a mineral exploration company focused on discovery-stage properties. Our goal is to add value by defining or redefining the exploration opportunity, maintain ownership control during the value creation phase of discovery, and then source a well-financed partner capable of accelerating discovery, resource definition, and development.
For more information, you can visit our website at goldfinderresources.com, download our investor presentation, and follow us on X at https://x.com/GoldFinderRes.
ON BEHALF OF THE BOARD
Signed "Gregory Lytle"
Gregory Lytle, President
Gold Finder Resources Ltd.
Direct line: (604) 839-6946
Email: info@goldfinderresources.com
179 - 2945 Jacklin Road, Suite 416
Victoria, BC, V9B 6J9
Forward-Looking Statements
This news release may contain "forward-looking statements" that involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results or otherwise.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257606
FAQ
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