WRLG Unveils Innovative Modernization Strategies in Mining In a recent letter to West Red Lake Gold (Ticker: WRLG.v or WRLGF for US investors) shareholders, Maurice Mostert, V.P. of Technical Services, shed light on the company's progressive approach to modern mining, delving into the technical advancements propelling West Red Lake Gold Mines Ltd. (WRLG.V) into a new era of mining exploration.
Mostert highlighted the pivotal role of the Technical Services team in orchestrating the architecture of WRLG's Madsen Gold Mine. Emphasizing a commitment to the triple bottom line—people, profit, and the planet—the team is collaborating with geologists, engineers, and operational staff to ensure the successful implementation of their technical vision.
Notably, WRLG purchased the past-producing Madsen Mine in 2023 for $6.5M, pennies on the dollar considering its peak value was $1B.
During this time WRLG also raised $46.7M and its share price saw a ~90% increase.
A significant challenge faced by West Red Lake Gold arises from the unique characteristics of the gold veins in the Red Lake District. Mostert details their almost vertical orientation and wild undulations along strike, likening them to snaking rivers.
The revelation that the veins do not truly "disappear" has led to a renewed understanding of the ore-body, potentially reducing mining costs per ounce of gold.
Mostert hints at the possibility of adopting "ore-sorting" techniques, an innovative method to remove waste-rock before reaching the mill. This could increase the grade of transported rock, offering a more cost-effective solution.
Additionally, plans to enhance the mill's capacity by almost 50% are in motion, alongside the utilization of modern techniques like "jumbo bolting" and environmentally-friendly explosives, demonstrating West Red Lake Gold's commitment to safety, efficiency, and sustainability.
Full letter here: https://www.thenewswire.com/press-releases?id=1AD4Fawm1
Posted on behalf of West Red Lake Gold Mines Ltd.