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West Red Lake Gold Mines Ltd WRLGF


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

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

Post by 7Twiggyon Nov 26, 2024 1:57pm
110 Views
Post# 36331719

The deposit steadily improving

The deposit steadily improvingIMO nothing has changed in the last two or three months regarding what counts the most and that is the mill ready to go and the deposit.  In fact the deposit has only improved and by the looks of the last press release by a lot.  Again the selling IMO strictly controlled by those on the last bought deal. The financing, though it hurts now, most likely a good thing as the company has lots of cash.  Complaining about the stock price on this chat line does nothing except maybe getting a few more weak hands to jump ship.  Most would not have sold our positions even if the price were higher, so why shed tears
over non losses.  I took this name off my main watch list weeks ago.  This name will remain flat until the bought dealers have recovered a percentage of their new investment and tax loss selling is over. Best to ignore this play for a month and stay away from the negative posts on this board. 
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