In the latest BTV Bloomberg showcase viewers were treated to an insightful exploration of emerging companies in various markets. Among them, West Red Lake Gold Ltd. (Ticker WRLG.v or WRLGF for US investors) took center stage, captivating audiences with its strategic vision and ambitious plans for growth in the renowned Red Lake Gold District. Notably, this interview is scheduled to air on Fox Business News US on Sunday (December 10) at 5:30pm.
Source: https://www.thewhig.com/newsfile/190162-btv-features-west-red-lake-gold-rok-resources-ion-energy-encore-energy-eloro-resources-and-baytex-energy-on-fox-business-news
West Red Lake Gold is poised for substantial expansion, as revealed in the interview featured in the video. The company is set to embark on a 35,000-meter drill program in 2024, coupled with the imminent release of a Preliminary Economic Assessment. With a clear mission to elevate its operations and target production resumption by 2025.
The video delves into the company's recent acquisition of the past-producing Madson mine and its accompanying Mill, marking a significant stride towards realizing its ambitious goals. The existing infrastructure, including a brand-new Mill, underground development, a shaft, and tailings facilities, positions the company for success and provides a substantial value opportunity.
Despite past challenges at the Madson property, West Red Lake Gold expresses confidence in its management and technical know-how to ensure a successful outcome this time around. The company has assembled a robust team, including industry veterans like Tony Makuch and Duncan Middlemiss, who have built and sold companies globally, offering a seal of approval for the quality and potential of the deposit.
The video highlights West Red Lake Gold's proximity to the Red Lake mine, operated by Evolution, which has yielded impressive results at depth, suggesting the potential for high-grade discoveries.
As the company commences underground drilling at the Madson mine and aims to begin production within the next 18 to 24 months, West Red Lake Gold appears well-positioned for success. The combination of a prime location in one of Canada's highest-grade gold regions, existing infrastructure, and a seasoned management team sets the stage for West Red Lake Gold to become a player in the mining industry's growth and development.
Full interview here:
Posted on behalf of West Red Lake Gold Ltd.