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Bullboard - Stock Discussion Forum West Red Lake Gold Mines Ltd V.WRLG

Alternate Symbol(s):  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... see more

TSXV:WRLG - Post Discussion

West Red Lake Gold Mines Ltd > West Red Lake Gold Mines' (WRLG) Latest Updates from Madsen
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Post by StockHawk1 on Jan 15, 2024 7:50pm

West Red Lake Gold Mines' (WRLG) Latest Updates from Madsen

Last month West Red Lake Gold Mines Ltd. (WRLG.v or WRLGF) unveiled exciting high-grade gold intercepts from its Madsen Mine in Northwestern Ontario's Red Lake Gold District which are expected to  catalyze further exploration and adding evidence that the mine has the potential to become a key player in the region's gold industry.


Continued Success in the South Austin Zone:

The drilling campaign has brought forth noteworthy developments, substantiating the high-grade nature and continuity of the South Austin Zone. This particular area, boasting an Indicated mineral resource of 474,600 ounces at 8.7 grams per tonne Au, and an Inferred resource of 31,800 oz at 8.7 g/t Au, continues to be a focal point for WRLG's expansion strategy.


Result Highlights:

Intercepts such as 1m @ 296.83 g/t Au and 3m @ 42.35 g/t Au underscore the richness of the South Austin Zone. These results not only validate the continuity but also emphasize the substantial growth potential within this region.

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Significant Progress Since September 2023:

WRLG's commitment to progress is evident with the completion of 1,320m of Exploration drilling and 4,226m of Definition drilling since the initiation of underground drilling in September 2023. This dedication aims to define near-term mining inventory and expand the current mineral resource.


Strategic Focus for the Future:

Looking ahead, WRLG is strategically positioning itself for success. The drilling program's focus will persist in prioritizing the more continuous and higher-grade sections of the Austin, South Austin, and North Austin Zones. This approach aligns with the company's vision of maximizing the potential of these zones for future mining endeavors.


The latest results only reaffirm WRLG's commitment to excellence in exploration and resource development. With robust grades and a strategic vision for expansion, West Red Lake Gold Mines Ltd. continues to make strides in the Red Lake Gold District.


Full results: https://westredlakegold.com/west-red-lake-gold-intersects-47-44-g-t-au-over-3-2m-21-64-g-t-au-over-7m-and-296-83-g-t-au-over-1m-at-south-austin-zone-madsen-mine/


Posted on behalf of West Red Lake Gold Mines Ltd.

 
Comment by Fotojoe1 on Jan 16, 2024 6:46pm
OK...this is a great dip. Time to get more shares.
Comment by jake12116 on Jan 16, 2024 8:20pm
It'll get cheaper yet  I'm absolutely floored that Sprott screwed the retail investors with no repercussions PGM , now is the largest sh  what  a mess of society we live in  he's got his name up on university's for donations  my name should go up there too  had 3 million shares of Pgm  yep I'm po 
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