West Red Lake Gold Mines Ltd V.WRLG

Team Building Strategy to Bring Asset Back Into Production

[MarketMakerss]

In the most recent shareholder message, West Red Lake Gold Mines (WRLG.v WRLGF) CEO, Shane Williams, details his team-building strategy to bring its asset back into production: https://www.thenewswire.com/press-releases/1ArbF6pba-west-red-lake-gold-wrlg-v-ceo-shane-williams-on-building-a-team.html

 

Focused on assembling a young, energetic and highly skilled team, WRLG used Frank Giustra and his group's connections to do so, attracting a strong group with extensive expertise.

 

Attesting to it's motivated team, WRLG accomplished a lot in 2023 including the Rowan drill program exceeding expectations and early drill results at Madsen featuring high-grade intercepts, drawing in a range of institution investors and increasing its share price by about 90% in 12 months despite the challenging gold market.

 

Boasting a combined gold resource of 6.9M tonnes indicated at a grade of 7.4 g/t and 2.8M tonnes inferred at 9.2 g/t from the Madsen and Rowan Mines, both located in the prolific Red Lake Gold District in Ontario, WRLG is strongly solidifying its position in the industry.

 

Last week, WRLG announced the completion of its 2023 drill program at its 100% owned Rowan Property which saw intersections of 4.0 meters @ 9.5 g/t gold 80m beneath the lowest level of historic workings, demonstrating that mineralization continues at depth: https://www.thenewswire.com/press-releases/1BOxF9Vqg-west-red-lake-gold-wrlg-v-completes-2023-drill-program-at-the-rowan-property.html

 

Will Robinson, WRLG's VP of Exploration, commented:

“This type of gold system requires extensive drilling to accurately define and grow it. The West Zone currently has a low drill density. We are going to explore it further in 2024”.

The Rowan Gold Project is located 15km from WRLG's flagship asset, The Madsen Gold Mine, which is debt-free, fully permitted and has a brand new 800+ tonne per day mill.

Additionally, WRLG released the final drill results from the program last week, which focused on infilling gaps in the geologic model between the East and West Zones, as well as infill and expansion at depth on the West Zone ore shoot.

Notably, a hole was successful in intercepting 4.0m @ 9.5 g/t Au approximately 80m beneath the historic workings, demonstrating the down-plunge potential that still exists in the West Zone.

Previous News Release: https://www.thenewswire.com/press-releases/1BOxF9Vqg-west-red-lake-gold-wrlg-v-completes-2023-drill-program-at-the-rowan-property.html

Posted on Behalf of West Red Lake Gold Mines Ltd.