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West Red Lake Gold Mines Ltd V.WRLG

Alternate Symbol(s):  WRLGF | WLGMF | V.WRLG.WT | V.WRLG.WT.A | V.WRLG.NT.U | V.WRLG.WT.B

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) highly prospective land package in the Red Lake district of Ontario. The Madsen Property comprises a contiguous group of approximately 251 mining leases, mining patents and unpatented mining claims covering an aggregate area of 4,648 hectares (46.5 km2). It also holds the wholly owned Rowan Property in Red Lake, with an expansive property position covering 31 km2 including three past producing gold mines: Rowan, Mount Jamie, and Red Summit. The Rowan Property is comprised of 146 claims, including 58 patented claims, 20 leased, 65 staked crowns and three under license of occupation. The 3,100-hectare Rowan Property covers 12 km of strike length on the regional east-west trending Pipestone Bay St Paul Deformation Zone.


TSXV:WRLG - Post by User

Post by Frozengoldwaition Jun 20, 2023 1:12am
261 Views
Post# 35504512

THE Plan Forward

THE Plan ForwardFrank sometimes doesn't reveal his true intentions.

Is this going to be a stock play or are they going to mine gold???  I was hoping for a news release about a ramp at Rowan and hiring of some miners. Maybe a deal with a EV mining equipment  company for some new equipment. Epiroc or sandvik. Start with the latest equipment.

How about the website?  The first page is about nearology.  Get rid of that. All of that gold from the district was mined with two years of reserves or less and continued on for decades.

With the current payroll this is a very expensive  group. If they are real miners, then get at it. Not another we are going to get some experts to tell us how to do it.

How about an annoucement of production. Mothballling the Madsen mine to reduce costs is counterproductive.
Additional studying of the path forward is not encourageing.  This is not rocket science at this point. Start mining and producing gold. Then there will be lots of cash for drilling additional reserves and growing the co. Even at very small scale would cover the costs for that. Start with 500tpd  productiom, already proven to produce 50,000,000$/yr  recently.   

Moving away from being a discovery to a mining company is where I see potential and value for this company. The market today doesn't really like skinny vein deposits unless they are producing gold.  There is a lot of Gold here.  Check back on the last three years of the PGM or WRLG  news.

If thwy want to mine this property: get at it.  Not another raise of cash for the future. The last three owners talked about the future and how they would study it while the money flowed out.

Still Waiting and thawing out.

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