Today, West Red Lake Gold (WRLG.v WRLGF) strengthened its management team, announcing the appointment of Jason Billan as Vice President of Corporate Development.
Having spent 15 years in the mining sector with an emphasis on corporate development, strategy, financing and executive leadership, Billan previously worked in precious metals equity research, as a corporate development analyst at NevSun Resources before being appointed as CEO of Gatling Exploration which rapidly advanced its Larder project prior to being sold to mid-tier silver miner MAG Silver in 2022.
Shane Williams, President and CEO of WRLG, commented:
“As West Red Lake Gold moves towards restarting the Madsen mine, Jason’s experience in mine financing and valuation makes him an ideal person to assist in securing capital needed to complete the project. Once Madsen is operational, we will look for the next growth asset for West Red Lake Gold and I am delighted to welcome Jason to the team as we pursue that vision.”
"Institutional buying will set the stage for the next leg up in the gold bull market"
For more information on WRLG, check out Shane Williams latest interview with CommodityCulture regarding the gold market trends that investors should watch, from the impact of money printing and inflation on currencies, central banks buying gold, China's dominance in the gold market, and the potential for institutional money entering the sector:
https://www.youtube.com/watch?v=fEZkH5XpShg Williams additionally highlights the range of milestones that WRLG has hit recently, including pouring their first gold bar, recent high-grade drill results in a new area and path toward the Madsen Mine restart.
Located in Ontario's Red Lake District, an area known for gold mining due to its history of mining, political stability, and regulatory environment, the Madsen Gold Mine boasts an NI 43-101 indicated resource of 1.65M oz of gold grading 7.4 g/t Gold, an inferred resource of 0.37Moz of gold grading 6.3g/t.
Previously owned by the now-defunct PureGold, WRLG secured the debt-free and fully permitted Madsen Mine for only $6M with a $273 million tax write-off and a new $350M, 800+ tonne per day mill, despite its previous valuation of over a billion dollars, about 8x the current market cap of WRLG, due to previous mismanagement.
With another 50,000m of drilling planned over the next year, WRLG is focused on methodically understanding the geology behind the deposit and is working on a pre-feasibility study to detail the mine restart plan, targeted for release in early 2025, ahead of the projected Madsen Mine restart in the second half of 2025.
Full News Release:
https://westredlakegold.com/west-red-lake-gold-strengthens-management-team-2/ Posted on Behalf of West Red Lake Gold Mines Ltd.