In a recent broadcast on FOX Business News, Business Television (BTV) delved into the investment landscape, spotlighting six promising companies, each poised for growth and success in their respective markets. Among the featured enterprises was the Canadian junior mining co, West Red Lake Gold Ltd. (Ticker: WRLG.v or WRLGF for US investors).
The broadcast highlighted how WRLG is making waves in the renowned Red Lake Gold District. The company is gearing up for significant expansion with a robust 35,000-meter drill program scheduled for 2024. A forthcoming Preliminary Economic Assessment adds anticipation, setting the stage for potential production resumption by 2025.
WRLG's strategic acquisition of the past-producing Madson mine and its accompanying Mill represents a giant leap forward for the company.
Positioned to create a hub-and-spoke model within the Red Lake Region, WRLG aims to leverage small high-grade deposits feeding into the centralized Madson Mill. This move, coupled with existing infrastructure, including the new Mill, underground development, and a permit in place, underscores the substantial value opportunity for the company.
Despite past challenges at the Madson property, WRLG is confident in its management and technical expertise to ensure a successful outcome. With a strong board, including industry veterans Tony Makuch and Duncan Middlemiss, the company's leadership brings a wealth of experience in building and operating mines.
The proximity to Evolution's Red Lake mine, which yielded over 20 grams per ton of gold at deeper levels, further enhances the potential for significant high-grade discoveries for WRLG.
The company has already initiated underground drilling at the Madson mine, signaling its proactive approach towards achieving production within the next 18 to 24 months.
In summary, the segment showed how WRLG is emerging as a compelling investment opportunity, backed by its strategic vision, experienced leadership, and a robust plan for growth in one of Canada's highest-grade gold regions.
Full replay here:
Posted on behalf of West Red Lake Gold Mines Ltd.