West Red Lake Gold Mines Ltd V.WRLG

WRLG's Approach to Building a Modern Mine

[MarketMakerss]

Despite being previously valued at one billion dollars, the Madsen Gold Mine was acquired for "pennies on the dollar" by West Red Lake Gold Mines' (WRLG.v WRLGF) and now, based on a stronger understanding of the gold veins in the Red Lake District, the new team is back on track to delineate a massive resource.

 

Addressing WRLG's technical approach to building a modern mine, VP of Technical Services Maurice Mostert detailed the extensive knowledge needed to understand the gold veins in the Red Lake District, demonstrating the downfall of previous mine operators at the Madsen Mine:

The gold veins in the Red Lake District create an interesting challenge, in that they are almost vertical. They undulate wildly along strike, like snaking rivers. If you try to follow them without a detailed map, the veins seem to “disappear”. When the previous operators realized the vein was missing, they’d continue for another two or three cuts with no gold, which ultimately made the operation sub-economic.

 

The Madsen and Rowan Mines boast a combined gold resource of 6.9M tonnes indicated at a grade of 7.4 g/t and 2.8M tonnes inferred at 9.2 g/t

 

Notably, The Madsen Mine is debt-free, fully permitted, and has a brand-new mill which WRLG is on track to boost the capacity of the existing mill up to 1,5000 tonnes per day, a 50% increase.

 

For more information on WRLG's Modern Mining Adventure, refer to Mostert's full message to shareholders here: https://finance.yahoo.com/news/v-p-technical-services-maurice-184633744.html

 

Furthermore, WRLG announced the completion of its 2023 drill program at its 100% owned Rowan Property last week, which saw intersections of 4.0 meters @ 9.5 g/t gold 80m beneath the lowest level of historic workings, demonstrating that mineralization continues at depth.

 

Will Robinson, WRLG's VP of Exploration, commented:

“This type of gold system requires extensive drilling to accurately define and grow it. The West Zone currently has a low drill density. We are going to explore it further in 2024”.

 

Notably, a hole was successful in intercepting 4.0m @ 9.5 g/t Au approximately 80m beneath the historic workings, demonstrating the down-plunge potential that still exists in the West Zone.

 

Previous News Release: https://www.thenewswire.com/press-releases/1BOxF9Vqg-west-red-lake-gold-wrlg-v-completes-2023-drill-program-at-the-rowan-property.html

 

Posted on Behalf of West Red Lake Gold Mines Ltd. 

[Fotojoe1]

Nice and informative...

[Fotojoe1]

I own shares already and will buy more on the dips.