Bullboard - Stock Discussion Forum West Red Lake Gold Mines Ltd V.WRLG

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

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) land package in the Red Lake district of Ontario. The Company’s project also includes West Red Lake Project, which is situated on the Red Lake Archean Greenstone Belt, which hosts the high... see more

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TSXV:WRLG - Post Discussion

West Red Lake Gold Mines Ltd > Visible Gold: 50% of holes at Rowan. Monster in the making..

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Post by GoldTown44 on Apr 19, 2023 1:57pm

Visible Gold: 50% of holes at Rowan. Monster in the making..

The company provided an update on the Rowan project today and said 100% of the 2023 completed drill holes intersected mineralized zones, with visible gold being observed in 50% of holes.

The project is now 100% owned, and in addition to Madsen, these 2 deposits will be exceptionally high-grade, with now $ 350 million in infrastructure for the company to utilize.

The stock should be trading in dollars, not .70 cents.

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Comment by jake12116 on Apr 19, 2023 4:29pm

You guys are not realizing how unreal getting Pgm is had market cap of a billion dollars, sold for 6 million

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Comment by Nextlegup on Apr 19, 2023 5:18pm

Jake From my research, it certainly is an interesting project... but the selling price was a heck of a lot more than $6 million...You might want to reread. Funds raised and issued at 35 cents, plus Sprott will back for additional shares at that 35 cents a a well..

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Comment by roberto146 on Apr 28, 2023 1:44pm

"... but the selling price was a heck of a lot more than $6 million". OK, $6.5 Million plus a lot of paper. Post purchase I think it's interesting too, with no debt and good cash in the bank to get things rolling again.

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