WRLG.v Recognized Among Top 50 in Mining by TSXV Yesterday, West Red Lake Gold Mines Ltd. (Twitter: WRLG.v or WRLGF for US investors) announced that it has been recognized by the TSX Venture Exchange as one of the top 50 companies in the Mining category for 2024.
This recognition is based on strong performance metrics including market capitalization growth, share price appreciation, and trading volume for the year ending December 31, 2023.
WRLG's President and CEO, Shane Williams, expressed excitement at the recognition and highlighted their focus on expanding and de-risking the Madsen Gold Mine, with the goal of establishing a leading Canadian gold mining company.
Full press release: https://westredlakegold.com/west-red-lake-gold-recognized-as-a-top-50-tsx-venture-exchange-company/
WRLG has been diligently advancing its near-term mining inventory, particularly at the North Austin Zone of its flagship Madsen Gold Project. This zone's strategic proximity to existing underground development positions it as a prime candidate for accelerated development during future mine restarts and production phases.
Recent drill results have been nothing short of promising, revealing compelling data showcasing high-grade mineralization in this newly discovered area. These findings effectively extend the project's mineralization to the northeast, offering substantial potential for resource expansion. Notably, Hole MM24X-03-5195-003 intersected 3.3m @ 9.15 g/t Au, further validating the zone's richness.
Importantly, the North Austin Zone remains open down-dip and along strike to the northeast, presenting an enticing opportunity for further expansion. As underground drilling activities persist, this area will remain a focal point for exploration and resource delineation efforts.
The Madsen Gold Project boasts several notable attributes, including its debt-free status, full permitting, and state-of-the-art infrastructure, featuring an 800+ tonne per day mill complemented by top-tier tailings and water treatment facilities.
Looking ahead, WRLG's mission for the 2024 drill program at Madsen is clear: to amass a robust inventory of high-confidence ounces in preparation for the impending mill restart.
More here: https://westredlakegold.com/west-red-lake-gold-intersects-9-15-g-t-au-over-3-3m-and-10-66-g-t-au-over-2-6m-at-north-austin-zone-madsen-mine/
Posted on behalf of West Red Lake Gold Mines Ltd