"Probably the easiest stock to call…": Bob Moriarty on WRLG In the ever-fluctuating landscape of investment markets, Bob Moriarty, in his article released today, adeptly navigates through the chaos, shining a spotlight on West Red Lake Gold (Ticker: WRLG.v or WRLGF for US investors), a company nestled in the heart of the prolific Red Lake gold district of Ontario.
With its acquisition of the Madsen mine, WRLG has an enviable asset base, which boasts an 800-tonnes-per-day mill and a substantial gold resource.
WRLG's recent drilling campaign unveiled promising discoveries in the Madsen Project's high-grade South Austin Zone, renowned for its significant mineral resources.
With an Indicated mineral resource of 474,600 ounces grading 8.7 grams per tonne gold and an Inferred resource of 31,800 oz grading 8.7 g/t Au, the South Austin Zone emerges as a focal point for future operations.
The primary objective of WRLG's drilling endeavor was to augment the delineation of the South Austin Zone, crucial for the future restart of the Madsen mill.
Notable intercepts, including 25.12 g/t Au over 5.5m, 39.46 g/t Au over 2m, and 18.60 g/t Au over 4m, underscore the substantial potential of this zone. Moreover, the identification of visible gold in select drill holes prompted additional drilling efforts to refine the delineation of these high-grade zones along the plunge.
Moriarty also emphasizes the strategic advantage of WRLG's management team, led by Shane Williams, whose expertise distinguishes WRLG as a formidable force in the gold sector.
Looking ahead, WRLG has outlined its exploration plans for 2024, with a continued emphasis on the more continuous and higher-grade sections of the Austin, South Austin, and North Austin Zones.
Overall, Moriarty paints a compelling picture of WRLG's potential, envisioning significant gains as investors awaken to the intrinsic value of the company's assets.
Full article here: https://www.321gold.com/editorials/moriarty/moriarty031124.html
Posted on behalf of West Red Lake Gold Mines Ltd.