West Red Lake Gold Mines Ltd V.WRLG

WRLG Announces Additional Positive Metalurgical Test Results

[MarketMakerss]

Representing a significant step forward in de-risking its high-grade resource, West Red Lake Gold Mines (WRLG.v WRLGF) announced additional positive metallurgical test results from its Rowan Mine Deposit today.

Highlights:

• High percentage of Gravity Recoverable Gold (GRG)
• Vein material can be processed through Madsen Mill with minor changes to the existing flowsheet
• Very high gravity recovery with overall gold extraction above 98% after a 48-hour cyanide leach of the gravity tailings
• GRG ranged from 75.8% to 94.9%, gold was found to be coarse to very coarse
• Very low cyanide consumption required to achieve gold extractions above 98%

WRLG President & CEO, Shane Williams, stated:

"The results of this first phase of metallurgical test work at Rowan have exceeded our expectations, and represent a significant step forward in de-risking this high-grade resource. It is very encouraging to see gold recoveries in the order of 98% using the same process flow sheet as the Madsen Mill. Furthermore, the high percentage of gold that is able to be extracted via gravity methods only further increases our confidence in the Rowan Deposit as a future source of high-grade, easily recoverable gold ounces that could potentially add a significant boost to the overall production profile at Madsen.”

This news follows WRLG's previous drilling of the deepest intercepts to date at Rowan with a total of 52 diamond drill holes for 18,990 meters have been completed during the 2023 year at

Located in the Red Lake Gold District, which is host to some of the world's richest gold deposits, and has yielded over 30 million ounces of gold (and counting) from high-grade zones, the Rowan Project has a high-grade ore chute with a strike length of approximately 250 m and has been drilled down to a vertical depth of 490 m from surface.

Notably, the zones in the district can continue to depths exceeding 4km, emphasizing the significance of the potential vertical depth of the Rowan deposit as it has "consistently demonstrated it has what it takes to produce high-grade gold intercepts over significant widths.”

For more information, refer to the latest article on WRLG's Rowan Deposit: https://www.thenewswire.com/press-releases/1AqRFD5lj-west-red-lake-golds-wrlgv-rowan-deposit-how-deep-does-it-go.html

Further adding to WRLG's compelling story is its flagship Madsen Gold Mine and the associated 47km squared highly prospective land package which is debt-free and fully permitted with a gold resource of 6.9M tons indicated and 1.8M tons inferred as well as a brand-new 800+ tonne per day mill.

Notably, Frank Giustra sees the Madsen Mine as a highly attractive and first-class acquisition that "couldn't be created today with less than $700M."

With additional assay results pending, WRLG has significant expansion and discovery potential in the near term as it continues to build high-grade resources in one of the richest gold districts in Canada.

Full News Release: https://westredlakegold.com/west-red-lake-gold-announces-positive-metallurgical-test-results-from-rowan-mine-deposit/

Posted on Behalf of West Red Lake Gold Mines Ltd.

[Fotojoe1]

I agree with Frank on the valuation of this project. Probably more.... He is being conservative. Imagine what the stock price would be...