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West Red Lake Gold Mines Ltd V.WRLG.WT.B


Primary Symbol: V.WRLG Alternate Symbol(s):  WRLGF | V.WRLG.WT | WLGMF | V.WRLG.WT.A | V.WRLG.NT.U

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 > New Press Release - West Red Lake Gold Announces Closing of $29 Million Bought Deal Public Offering
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Comment by marketsenseon Oct 24, 2024 12:47pm
111 Views
Post# 36280509

RE:RE:New Press Release - West Red Lake Gold Announces Closing of $29 Million Bought Deal Public Offering

RE:RE:New Press Release - West Red Lake Gold Announces Closing of $29 Million Bought Deal Public OfferingIn the short term despite gold price making new highs,  WRLG has done nothing but
go down since middle of Sept when it reached .87.  If one went strictly from the chart
you would avoid this name completely.  It looks even worse when compared to almost
every other peer in the space as far as stock performance.

But we also know they have a gold mine about to restart,  have negotiated all the funding and are doing all the work necessary for production.  There are so many plusses in their favour it almost defies description.  I am going to follow my head
which keeps saying,  this is a contrarion investment.  Keep buying when it looks 
ugly and be patient....you will be rewarded.



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