In an episode from The Deep Dive, "Small-Cap" Steve tells viewers about West Red Lake Gold Mines Ltd. (ticker: WRLG.v or WRLGF for US investors) as it emerges as a formidable player in the Red Lake Gold area. The episode sheds light on the company's strategic assets and involvement from the legendary mining promoter and billionaire Frank Giustra.
The Red Lake Gold district is explored as one of Canada's largest gold-producing regions, showcasing its continued allure for gold mining companies.
SmallCapSteve delves into Frank Giustra's illustrious background, highlighting his role as a mining legend whose "magic dust" has contributed to the success of numerous mining ventures.
Viewers are treated to an in-depth analysis of WRLG's unique assets, including the Madsen Gold Project and the Rowan property. SmallCap Steve discusses their potential impact on the company's growth, emphasizing the significance of WRLG's well-positioned assets in the Red Lake gold camp.
WRLG's Madsen Mine boasts an indicated Mineral Resource Estimate (MRE) of 474,600 ounces at 8.7 g/t gold and features a cutting-edge mill with an 800 tonnes per day capacity.
Presently, WRLG's primary emphasis lies on enlarging the resource base and mitigating risks associated with the asset, all part of a strategic plan before recommencing production.
The episode culminates in a comprehensive overview of WRLG's transactions, covering the acquisition of the Madsen Mine which WRLG bought for a fraction of its peak value of $1.2 billion.
The potential for WRLG to thrive in the gold market is highlighted, with the company poised to capitalize on the next gold rush.
Full video here:
Posted on behalf of West Red Lake Gold Mines Ltd.