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West Red Lake Gold Mines Ltd V.WRLG

Alternate Symbol(s):  V.WRLG.W | WRLGF

West Red Lake Gold Mines Ltd. is a Canada-based mineral exploration company. The Company is focused on advancing and developing its flagship Madsen Gold Mine and the associated 47 square kilometers (Km2) land package in the Red Lake district of Ontario. The Company’s project also includes West Red Lake Project, which is situated on the Red Lake Archean Greenstone Belt, which hosts the high-grade gold mines of the Red Lake Gold District. The Company’s West Red Lake Project has approximately 3100-hectare property encompassing three former gold mines, including Rowan Mine, Red Summit Mine and Mount Jamie Mine. The Rowan Mine Property is comprised of approximately 119 claims. The Mount Jamie Mine Property is 100% owned and consists of approximately 26 claims. The Red Summit Mine Property consists of over two 100% owned patented claims situated within the Rowan Mine property. The NT Zone is located on the Rowan Mine Property portion of the West Red Lake Project.


TSXV:WRLG - Post by User

Post by GoldCloudon Feb 24, 2023 10:18am
309 Views
Post# 35303203

Rowan 100% owned - exceptionally high grade. Rerating soon?

Rowan 100% owned - exceptionally high grade. Rerating soon?
Very interesting news yesterday. The company should rerate in the months ahead. 
 
West Red Lake now owns the Rowan project 100% and brings a top Red Lake Gold District operator as a strategic shareholder. The rowan deposit has an inferred 827,462 ounces of high-grade gold, and WRLG is about to start a 7,000-metre program in one of Canada's most prolific gold mining camps. 
 
Crazy to think we have a 20 million market cap. 
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