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

Metals & Mining Gold

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

West Red Lake Gold Mines Ltd > Pre-production Ounces 2.0

<< Previous

Bullboard Posts

Next >>

Post by Onevbdeal2024on Sep 22, 2024 9:44am

191 Views

Post# 36235266

Pre-production Ounces 2.0

As previously calculated proceeds from pre-production activities could yield approximately $16,090,000US.

$16,090,000US = $21,882,400CAD

$21,882,400 ÷ TOTAL SHARES OUT(271840000) = 0.08 cents per share

$21,882,400 ÷ TOTAL ORDINARY SHARES(194,980,000) = 0.112 cents per share

$21,882,400CAD = 9.25% OF $236,500,000 TOTAL MARKET CAP

<< Previous

Bullboard Posts

Next >>

Gold vs. bitcoin, where should you invest?