West Red Lake Gold Mines Ltd V.WRLG

Webinar on Jan. 8th - 11 AM

[TechOne]

JOIN US FOR A
LIVE WEBINAR WITH

WEST RED LAKE GOLD MINES LTD

WEDNESDAY, JANUARY 8, 2025
11:00 AM - 12:00 PM ET (NYC)

Revitalizing the Madsen Gold Mine in
Northwest Ontario's Renowned Red Lake District

On-Track for Production in Mid-2025

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West Red Lake Gold Mines Ltd. (TSX-V:  WRLG, OTCQB:  WRLGF, FRA: UJO) is a gold company focused on returning the high-grade Madsen Gold Mine in Northwest Ontario’s prolific Red Lake District to production.

Known for its rich history, the Red Lake District has produced over 30 million ounces of gold from high-grade zones, including 2 million ounces from the Madsen Mine between 1938 and 1972. A recent restart attempt stumbled, opening the door for West Red Lake Gold to acquire this fully permitted mine for just CAD $6.5 million. The purchase included a new process plant, 19 km of new underground workings, a tailings facility, and 1.7 million ounces of gold in indicated tonnes, averaging 7.4 g/t gold.¹

In the 18 months since the acquisition, West Red Lake Gold has addressed prior missteps head-on. The company completed 58,000 meters of infill drilling, initiated capital projects to improve mine efficiency, and developed a focused plan to mine with accuracy and safety.
 
With a USD $35 million credit facility that closed on January 1 now providing the last major piece of funding, the company is on track to begin gold production at the Madsen Mine by mid-2025. This milestone will position West Red Lake Gold as a rare new gold producer in a robust gold market.

COMPANY WEBSITE

COMPANY HIGHLIGHTS

• Approaching Production: Fully permitted and largely built Madsen Gold Mine is close to restarting production.
   
• World-Class Resource: Madsen contains 1.7 million ounces of gold in indicated tonnes, with an average grade of 7.4 g/t gold. Northwest Ontario’s renowned Red Lake District is famous for high-grade gold.¹
   
• Market Opportunity: Gold demand is very strong, and very few new gold mines will start production in 2025.
   
• Seasoned Leadership: The management team has extensive experience building and operating mines.
   
• Exploration Upside: West Red Lake Gold has already discovered a new ore shoot adjacent to the known deposit at Madsen and has many more targets to test.
   
• Complementary Asset: The company also owns the Rowan project, just 35 km away. This project has a small but very high-grade resource that could add to the Madsen mine plan.

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AMVEST CAPITAL is a New York-based specialist investment management and corporate finance firm focused solely on the natural resources sector. Amvest provides capital and guidance to corporations in the extractive industries mining, oil, gas, and agriculture sectors. Learn more at amvestcapital.com.

[Fredfudpucker00]

I see from a old news release that Amvest Capital and Nebari have a working relationship..////https://static1.squarespace.com/static/599c8c1fe4fcb572c849ec73/t/61e73bce73b7736634516aba/1642544078476/Press+Release+Amvest+Capital+Nebari+Joint+Venture+-+11.11.21+Web+Final2.pdf