New updates have been reported about Rowan.
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Rowan, West Red Lake Gold’s 100%-owned underground gold project in Ontario’s Red Lake district, is emerging as a more valuable asset following new infill and conversion drilling results on its high-grade vein system. Recent work on Veins 006b and 013, plus strike extensions to Veins 001 and 003, suggests Rowan could support higher daily mined tonnage than the 400 tonnes per day assumed in the 2025 PEA, potentially lifting project economics and its role in a future hub-and-spoke operation with the Madsen mine.
The current 6,300 m HQ diamond drilling program at Rowan is focused on upgrading Inferred resources to Indicated in key production veins and generating sufficient data to bring Veins 006b and 013 into the planned combined Madsen–Rowan pre-feasibility study due in Q3 2026. If incorporated, these veins could extend mine life, allow ore production roughly six months earlier due to proximity to the access portal, and enhance net present value, while further expansion potential remains open at depth and along strike. Rowan currently hosts an NI 43-101 Indicated resource of 196,747 oz at 12.78 g/t Au and an Inferred resource of 118,155 oz at 8.73 g/t Au, with permitting for Advanced Exploration, including underground development and bulk sampling, targeted for 2027 under Ontario’s accelerated “One Project, One Process” framework.