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Bullboard - Stock Discussion Forum West Red Lake Gold Mines Inc Com RLGMF

West Red Lake Gold Mines Inc is a mineral exploration company. It is engaged in acquiring, exploring, and developing mineral properties in Red Lake Gold District, Canada. The company involves in mining several gold projects across Canada, which includes West Red Lake Project, Rowan Mine, Mount Jamie Mine, and Red Summit Mine.

EXPM:RLGMF - Post Discussion

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Post by Wangotango67 on May 26, 2019 8:52pm

Connection ?

Is the Todd Newman claim owned by, ( red star + confederation ) adjacent to the, Rowan mine ? If so, it might explain why rlg has been so docile and just maybe, Gold Corp is evaluating all facets of it's own interests + neighboring claims, too. Here's a link that shows the claim plots.... Do chime in, if anyone knows the answer - if - Todd Newman claim abutts, Rowan Mine................................... https://stockhouse.com/getattachment/45fcc9c1-f5df-4906-8d54-a4962d4f62fa/gold_516_3.png. .......,....................................................................................................... Newman Todd Project Red Lake, Ontario, Canada. (30% Redstar) The Newman Todd gold project is located in the prolific Red Lake Greenstone belt of north western Ontario. It was discovered by Redstar in 2005. Under the terms of option agreement from Nov 2010, Confederation Minerals (CFM) now has earned an additional 20% of the project by completing a NI 43-101 compliant Preliminary Economic Assessment and delivered an additional 500,000 shares in CFM to Redstar Gold. The ownership structure is now 70%/30%, Confederation and Redstar Gold and a Joint Venture will now be formed to carry out further exploration and development of the project. The project has been subject to 51,000 meters of drilling in 138 holes from 2005 to 2013 and exploration to date has identified 1.8 km strike length, with mineralization open at depth. There has been a very good success rate of high-grade gold vein intersections (over 87% of drill holes intersected at least 5 g/t Au). Cheers !
Comment by Goldendream on Aug 09, 2019 9:05am
This " Connection" could indeed explain why there has been no news releases in a long time. Perhaps? there are ongoing negotiations for a " Joint Venture" surrounding the Rowan Mine? Comments?
Comment by RookieInv on Aug 09, 2019 11:30am
I contacted the company in early June and was informed that West red Lake Gold and their partner, Newmont, expect to be drilling on the property this summer. I wasn't provided any other timelines. They also stated, once they complete the negotiations with Newmont Goldcorp regarding the joint summer and fall drilling plans they will provide an immediate update to the shareholders. I would ...more  
Comment by bufordpusser on Aug 24, 2019 8:41pm
hey guys, rlg shareholders are entitled to approximately $439,810 worth of drilling numbers before the end of the year, not sure what the hold up is,