GSN's Guy Bennett on WRLG & Gwen Preston “At West Red Lake Gold, we are assembling an elite team of professionals. Each component is vitally important: VP of Exploration, VP of Technical Services, VP of Community Affairs and the VP of Investor Relations. Gwen Preston is a big asset to our roster of VPs. She understands geology, demand drivers, political risks, the regulatory environment and the capital markets.”
Insightful breakdown of West Red Lake Gold's (WRLG.v WRLGF) latest news from Global Stock News' CEO Guy Bennett featuring an interview with both Shane Williams, WRLG's President and CEO, as well as Gwen Preston, WRLG's newly appointed VP of Investor Relations: https://globalstocksnews.com/resource-maven-gwen-preston-lands-senior-position-at-west-red-lake-gold/
Boasting over 16 years of experience in the resource sector as a highly regarded and accomplished newsletter write and speaker, Preston started her career writing for the Northern Miner before launching her independent newsletter, Resource Maven, which she is now closing with her appointment at WRLG.
With Resource Maven, Preston was buying and selling junior resource stocks alongside sharing her ideas with a subscriber base, bridging the gap between the capital markets and retail investors. As evidence of her success in leading her subscribers to big wins, Preston was the first writer to buy Great Bear Resources which went on to return 100x for her subscribers.
Last year, Preston visited WRLG's Madsen Mine to research and report to her subscriber base but she immediately saw the opportunity citing WRLG's proven team of mine builders, financiers and geologists building the next mid-tier Canadian gold miners supported by "serially successful mining entrepreneur" Frank Giustra.
West Red Lake Gold's Golden Opportunity
Located in Ontario's Red Lake Gold District, WRLG's 100% owned Madsen Mine boasts an NI 43-101 indicated resource of 1.65M oz of gold grading 7.4 g/t Gold, an inferred resource of 0.37Moz of gold grading 6.3g/t.
Significantly, WRLG secured the debt-free and fully permitted asset Madsen Mine for only $6M with a $273 million tax write-off and a new $350M 800+ tonne per day mill, despite its previous valuation of over a billion dollars, about 8x the current market cap of WRLG, due to previous mismanagement.
On track to be in production by the end of 2025, WRLG has strategically positioning itself to capitalize on the untapped value within the Madsen Property with both near-term resource expansion and long-term exploration potential with a steady stream of positive results anticipated throughout 2024.
Most recently, WRLG reported underground drilling results from the North Austin Zone, which represents a new area of high-grade mineralization extending the current resource to the northeast: https://westredlakegold.com/west-red-lake-gold-intersects-37-33-g-t-au-over-2-79m-and-5-26-g-t-au-over-9-0m-at-north-austin-zone-madsen-mine/
Posted on Behalf of West Red Lake Gold Mines Ltd.