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.
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.