Shane Williams Unveils WRLG's Vision for the Madsen Mine In a video interview at the Metals Investor Forum in Vancouver, Shane Williams, President & Chief Executive Officer of West Red Lake Gold Mines (TSXV:WRLG | OTCQB: WRLGF) discussed the company's gold projects in the Red Lake district of Ontario, including its flagship Madsen Gold Mine.
Shane Williams shed light on the company's strategic decision to acquire the Madsen mine. He highlighted the expertise of WLRG's technical team in building and operating mines, emphasizing the need for a project that could swiftly enter production.
Discussing the challenges faced by the previous owner of Madsen, Williams acknowledged past mistakes but emphasized the fixable nature of the issues. He distinguished between the asset itself and the management, emphasizing the importance of bringing in the right team to turn the project around.
Looking ahead, Williams outlined WRLG's unique situation in "building a mine backward." With the mine infrastructure already in place, the company is focusing on conducting definition drilling, detailed studies, and a pre-feasibility study, anticipating production readiness without significant capital outlays or shareholder dilution.
He expressed optimism about the condensed time frame for WRLGs development and the potential leverage in a rising gold market.
The interview conveyed a sense of excitement about WRLG's prospects, with Williams hinting at the potential for significant value appreciation. The company's unique position, experienced team, and streamlined development approach set the stage for an intriguing journey in the coming years.
Full interview here:
Posted on behalf of West Red Lake Gold Mines Ltd.