West Red Lake Gold Mines Ltd V.WRLG

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

Metals & Mining Gold

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-grade gold mines of the Red Lake Gold District. The Company’s West Red Lake Project has approximately 3100-hectare property encompassing three former gold mines, including Rowan Mine, Red Summit Mine and Mount Jamie Mine. The Rowan Mine Property is comprised of approximately 119 claims. The Mount Jamie Mine Property is 100% owned and consists of approximately 26 claims. The Red Summit Mine Property consists of over two 100% owned patented claims situated within the Rowan Mine property. The NT Zone is located on the Rowan Mine Property portion of the West Red Lake Project.

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West Red Lake Gold Mines Ltd

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Post by MarketMakersson Nov 06, 2023 4:48pm

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Post# 35720220

Red Lake District Yielded Over 30M oz Gold

Having yielded over 30 million ounces of gold from high-grade zones and hosting some of the world's richest gold deposits, the Red Lake Gold District provides a range of major investment opportunities, however, with significant backing from Billionaire Mining Investor Frank Giustra, West Red Lake Gold Mines (WRLG.v WRLGF) has emerged as a high potential gold opportunity

Discover insights into the gold market and WRLG's path forward and plans for its two high-grade projects in the Red Lake Gold district with the latest CEO interview from DeepDive: https://www.youtube.com/watch?v=LLUyzCYFPTg&ab_channel=TheDeepDive

Presenting a compelling story, WRLG's flagship, the Madsen Gold Mine, and the associated 47km squared highly prospective land package is debt-free and fully permitted with a gold resource of 6.9M tons indicated and 1.8M tons inferred as well as a brand-new 800+ tonne per day mill.

Notably, Giustra sees the Madsen Mine as a highly attractive and first-class acquisition that "couldn't be created today with less than $700M."

WRLG's second project in the Gold District is its wholly-owned Rowan Gold Project, located 15 km from the Madsen Mill. With an expansive property position covering 31km squared including three past-producing gold mines, Rowan has a total inferred resource of 2.8M tonnes.

Recently, WRLG drilled the highest-grade intercept across the property and successfully intercepted what is believed to be the same high-grade zone approximately 80 meters down-dip.

The continuation of the mineralization at Rowan bodes well for future expansion opportunities at the company as WRLG continues to extend the highly prospective mineralized vein zone at depth and along strike.

With additional assay results pending, WRLG has significant expansion and discovery potential in the near term as it continues to build high-grade resources in one of the richest gold districts in Canada.

Latest News Release: https://westredlakegold.com/west-red-lake-gold-intersects-45-20-g-t-au-over-2m-12-81-g-t-au-over-2-3m-and-33-47-g-t-au-over-1-35m-at-rowan-mine/

Posted on Behalf of West Red Lake Gold Mines Ltd.

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