Near-term gold junior West Red Lake Gold Mines Ltd. (Ticker: WRLG.v or WRLGF for US investors) is focused on advancing the Madsen Gold Mine and its surrounding 47 km² land package in the Red Lake district of Ontario, a region known for its high-grade gold deposits, having produced over 30 million ounces of gold. Today, WRLG announced the appointment of Jason Billan as Vice President Corporate Development. Billan brings 15 years of experience in the mining sector, specializing in corporate development, strategy, financing, and executive leadership.
Recent drill results from WRLG's Madsen Mine have been highly promising, revealing high-grade gold over minable widths, suggesting strong potential for future production. Notable recent results from the project's South Austin Zone include:
- 16.69 g/t Au over 8m
- 6.17 g/t Au over 17.83m
- and 7.48 g/t Au over 12m
WRLG is focused on successfully building and operating the Madsen Mine, with no immediate plans for acquisition. The company has set an aggressive development plan, prioritizing key infrastructure and development projects, including extensive underground drilling.
WRLG aims to resume production by mid to late 2025, capitalizing on rising gold prices to enhance the company's value.
WRLG also owns the nearby Rowan Property in Red Lake, which spans 31 km² and includes three past producing gold mines: Rowan, Mount Jamie, and Red Summit.
The Rowan Deposit has an established 1200m strike length and remains open at depth, with high-grade gold zones explored to less than 500m. The NT Zone, extending 2 km and hosting several high-grade gold zones, intersects with the Pipestone Bay St Paul Deformation Zone, presenting a highly prospective exploration target between 1 km and 2 km east of the Rowan Mine Shaft.
Billan holds an MBA from the University of Western Ontario and has previously worked in precious metals equity research at Salman Partners and RBC Capital Markets. His career includes significant roles at Nevsun Resources, Wheaton Precious Metals International, and Gatling Exploration, where he played key roles in financing and advancing mining projects. Shane Williams, President and CEO of WRLG, expressed confidence in Mr. Billan's ability to secure the necessary capital for restarting the Madsen mine and aiding in the company's growth strategy.
Full news here: https://westredlakegold.com/west-red-lake-gold-strengthens-management-team-2/
Posted on behalf of West Red Lake Gold Mines Ltd.