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West Red Lake Gold Mines Ltd V.WRLG

Alternate Symbol(s):  WRLGF | V.WRLG.WT | WLGMF | 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 1StockInformeron Dec 27, 2023 7:26pm
224 Views
Post# 35801974

WRLG.v CEO Shares Year End Message, Company Closes Up 8%

WRLG.v CEO Shares Year End Message, Company Closes Up 8%

West Red Lake Gold Mines Ltd. (Ticker: WRLG.v or WRLGF) has seen an uptick in its stock price today amidst high trading volume. This follows WRLG's CEO sharing a year-end message to shareholders where he highlighted the company's acquisition of the Rowan and Madsen Gold Projects and the progress made at them over the year.
User image


WRLG also recently released promising drill results from its Madsen Mine in the renowned Red Lake Gold District of Northwestern Ontario. 


Since commencing underground drilling in September 2023, WRLG has successfully completed 1,320m of Exploration drilling and 4,226m of Definition drilling.


The focus of the recent drilling campaign was the high-grade South Austin Zone, which currently boasts an Indicated Mineral Resource of 474,600 ounces at a grade of 8.7 grams per tonne Au, along with an Inferred resource of 31,800 oz at 8.7 g/t Au.


The South Austin Zone remains a strategic target for expansion, particularly in the unmined portion down-plunge, adjacent to existing underground infrastructure. This location positions it as a high-priority target for future development.


The ongoing emphasis is on further defining near-term mining inventory and expanding the current mineral resource. In the upcoming drilling program, priority will be given to the more continuous and higher-grade sections of the Austin, South Austin, and North Austin Zones.


Overall, these latest drill outcomes not only reaffirm the high-grade characteristics and continuity of the South Austin Zone but also highlight substantial growth potential for WRLG. 


Full CEO message here: https://markets.financialcontent.com/stocks/article/thenewswire-2023-12-27-west-red-lake-gold-wrlgv-ceo-shane-williams-end-of-year-message-to-shareholders


Posted on behalf of West Red Lake Gold Mines Ltd.

 
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