WEST RED LAKE GOLD MINES
Update feb. 2016
the company released a NI Report with a ressource of over 1 mio Oz of gold.
This board will be updatet with all information I have.
Now it is one of the most unheared and undervalued PURE REDLAKE Goldplay I know so far with with just 88 MIO O/S 106MIO f/d - most of them in strong hands
About West Red Lake Goldmines:
Overview RLG. is focused on gold exploration and mine development in the prolific Red Lake mining district in northwestern Ontario, Canada. The Red Lake greenstone belt is host to some of the richest gold deposits in the world. The Red Lake Camp has produced over 23 million ounces of gold, including approximately 18 million ounces from the Goldcorp Hy Lake Gold Mine deposit and the Campbell mine.
West Red Lake Gold is a well financed Toronto-based mineral exploration company focused on the gold exploration and development business in the prolific Red Lake Mining District of Northwestern Ontario, Canada. Hy Lake Gold has assembled several significant property packages totalling approximately 3,500 hectares in west Red Lake. The properties cover a 12 kilometre distance along the west Red Lake Trend, containing 3 former producing gold mines, and the Company continues to explore these properties both along strike and at depth.
The six properties are individually identified separately in this section. Having the Rowan, Mount Jamie and Red Summit mines, all on the Pipestone Bat - St. Paul Bay deformation zone, allows Hy Lake Gold unimpeded exploration access between these mines along the Company's more than 12 kilometre strike length of the zone.
Property Locations (Interactive Map)
Red Lake Gold Mining Heritage The Red Lake Gold Mining District in northwestern Ontario is to Canada what the Carlin Gold Trend is to the United States, and what Witwatersrand District is to South Africa - the most prolific gold producing region in the entire country.
The Red Lake gold camp, situated in the Red Lake greenstone belt of Ontario, 535 km north-west of Thunder Bay, is an accumulation of Archean-age metavolcanic, metasedimentary and intrusive rocks comprising a portion of the Uchi Sub-province of the Superior Province of the Canadian Shield. The Uchi Sub-province is also home to other gold belts including the Rice Lake and Pickle Lake gold districts.
Red Lake is Canada's premier address for high grade gold. The world-class Red Lake "Mine Trend", a 35-square kilometre corridor with a 70 year history of discovery, has provided 4 major deposit discoveries in the last 12 years and over 30 million ounces of gold.
Gold was first discovered in the Red Lake area in the mid 1920s and by the mid 1930s several producing gold mines were in operation. The belt is recognized for its high-grade, highly profitable gold mines, which include the world class Campbell mine of Placer Dome and Red Lake mine of Goldcorp. Together, these two world class, highly profitable, high-grade gold mines have produced more than 18 million troy ounces of gold since going into production in 1948. Altogether, the two mines currently produce around 700,000 ounces of gold per year.
•Three historical gold properties with past production in the Red Lake Gold Camp. Red Lake is the high grade gold capital of the world and has produced over 30 million ounces of gold.
•The Mount Jamie Mine and Red Summit Mine properties are 100% owned. HyLake has earned 60% of the Rowan Lake Mine property, as operator, from Goldcorp's Red Lake Gold Mines.
•3400 hectare property package situated just 20 km west of the richest gold mines in the world. The properties host 3 historical mines with a 12km unimpeded exploration horizon on a major regional deformation structure.
•In one of the safest and mine-friendly jurisdictions in the world, producing nearly 1 million ounces of gold per year.
•Extensive historic and recent drilling on all properties provide excellent targets for future drilling. Targeting study recently completed.
•6,000 metreinitial 2011 diamond drilling program underway at Mount Jamie Mine property.
•Strong untapped exploration potential and significant opportunity to expand current resource estimates both along strike and at depth.
•Successful option and acquisition transactions with operators in the Red Lake Camp including Rubicon Minerals, Claude Resources and Goldcorp. Good opportunities for further property consolidation.
•Near term potential for mine development at Rowan Lake property. Environmental study has begun.
•Move to the TSX Venture Exchange initiated. Will provide greater liquidity for the stock.
Canadian Bullboard: http://www.stockhouse.com/tools/?page=%2FFinancialTools%2Fsn_overview.asp%3Fsymbol%3DC.HYL%26table%3DLIST
As first source of information you should read the latest report on HYL from smallcappower http://www.smallcappower.com/reports/hylakeresults_070711.html
also their website: www.westredlakegold.com
New Link For CNSX http://cnsx.ca/Page.asp?PageID=2013&AA_RecordID=157
German Chart: http://www.ariva.de/chart/images/chart.m?z=a100145850~b1~VCandleStick~W1 http://www.ariva.de/chart/images/chart.m?z=a100145850~B200~CBB~b1~R200~Slin~VCandleStick~W1
Canadian Insider: http://www.canadianinsider.com/coReport/allTransactions.php?ticker=RLG
Canadian CNSX chart RLG 5yrs
German Chart Frankfurt
ISIN: CA4485231001 | WKN: A0ML8W | Symbol: HYK
Realtime TSX (Coming soon)
Gold: Today we have a shareprice of 0,21 CAD
Targetprice 12-18Months 1-2CAD