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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 > Newmont sells Ontario mine to Orla for $850 million
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Comment by marketsenseon Nov 18, 2024 8:18pm
129 Views
Post# 36318975

RE:RE:RE:RE:RE:Newmont sells Ontario mine to Orla for $850 million

RE:RE:RE:RE:RE:Newmont sells Ontario mine to Orla for $850 millionYou are technically correct but that didn't stop the market giving PGM a billion $
market cap when it was in production.  Now that WRLG is running the show and 
doing everything to correct the prior mistakes,  I wouldn't be too concerned about
their resources versus reserves.   They are going to be conservative with their PFS
and have the right mine plan to exploit the resource to make it successful.  That's
what this operation is all about despite the doubters and naysayers that keep bringing
up concerns.  This is mining and yes there are risks but I give them full marks for how
they are dealing with them.

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