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Any insight in August 2019?
awsome drillresults, itz heating up...
i think we will see a nice upmove this year
The first few meters should be allready drilled. if i got it right this hole could hit up to 5 different veins going down in the Rowan zone. thiss program wil outline what the real potential of this zone is to depht.
in the redlake goldzones usually expand to depth and the biggest deposits are found deep in the ground, i think cambell mine is down 1700m.
i hope there is a realy big hit this time with a very highrade hit over more than just 5-10meters.
if there comes out something bether than expectet the shareprice could soar over 1dollar very fast.
question to the silent readers of this board- if there are some- whats your opinion to that?
There are good BID orders in the last days. that is encouraging that some people want to get in.
i am invested since 2009/10 and i averaged down 2014/15 to 0,084€ or 0.125 CAD
i still belive in the sory after holding this close to a decade.
i hope things change for jr goldminers in the near future.
finally we are drilling a deep hole (700-1000m) at rowan.
i am waiting since so many years that RLG tests rowan to depht.
West Red Lake begins drilling at Rowan deposit
2018-03-27 10:24 ET - News Release
Mr. John Kontak reports
WEST RED LAKE GOLD EXPLORATION DRILLING UNDERWAY ON ITS PROMISING ROWAN MINE GOLD DEPOSIT
Deep exploration drilling has commenced on West Red Lake Gold Mines Inc.'s West Red Lake project property located in the prolific Red Lake gold district in Northwestern Ontario.
A deep hole is being drilled to target gold mineralization at depth below previous drilling in the Rowan mine area. Previous drilling at the Rowan gold deposit has outlined gold zones starting from surface to depths ranging between 300 metres and 450 metres deep along the 1.2-kilometre strike length of the Rowan gold deposit. The deep hole currently being drilled is designed to potentially expand five Rowan gold zones to depths ranging between 700 metres and 1,000 metres below surface. The deep hole is being drilled to the north at a minus-74-degree angle and is located 450 metres east of the Rowan mine shaft.
John Kontak, president of West Red Lake Gold, stated: "We are very pleased to continue diamond drilling on our promising Red Lake gold property during 2018. We believe that the property holds significant potential and deep drilling at the Rowan gold deposit provides a good exploration opportunity."
The Rowan gold deposit lies within the east-west-trending regional shear structure known as the Pipestone Bay St. Paul deformation zone, which is a regional geological structure that crosses the company's property and continues east to the town of Red Lake. Gold zones are hosted within a sequence of hydrothermally altered mafic volcanics with intercalated felsic volcanics and porphyries as well as ultramafics. The gold mineralization is associated with quartz veining and increased iron sulphide mineralization. The three former gold mines on the West Red Lake project property -- Rowan, Mount Jamie and Red Summit -- are situated on the Pipestone Bay St. Paul zone.
The company's property is located on the Red Lake Archean greenstone belt, which hosts the high-grade gold mines of the Red Lake gold district. Twenty kilometres to the east of the company's property is the geologically similar world-class Red Lake mine and Campbell mine, illustrating the significant exploration potential for high-grade gold zones on the company's West Red Lake project.
The information presented in this news release has been reviewed and approved by Kenneth Guy, PGeo, a consultant to West Red Lake Gold and the qualified person for exploration at the West Red Lake project, as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.
West Red Lake Gold Mines is a Toronto-based minerals exploration company focused on gold exploration and development in the prolific Red Lake gold district of Northwestern Ontario. The Red Lake gold district is host to some of the richest gold deposits in the world and has produced nearly 30 million ounces of gold from high-grade zones. The company has assembled a significant property position totalling 3,100 hectares in Eest Red Lake, which contains three former gold mines. The Mount Jamie mine and Red Summit mine properties are 100 per cent owned by the company and the Rowan mine property is held in a 60-per-cent-owned joint venture with Red Lake Gold Mines, a partnership of Goldcorp Inc. and Goldcorp Canada Ltd. The West Red Lake project property covers a 12-kilometre strike length along the Pipestone Bay St. Paul deformation zone, and the company plans to continue to explore the property both along strike and to depth.
We seek Safe Harbor.
The last deillresults are not worth commenting it.
next week the new drillprogram will start again, i expect news on that in the next days.
at least the BID orders are increasing significantly
still no drillresults... i think they have the assays since weeks, maybee the results are not very good...
Just having a little fun, don't read too much into my last post.
LOL ?? thats concerning...
I hear that it's OK to talk to your self but the problems start when you start to answer yourself
Gold is moving up again, the longtherm downtrend since 2011 is brocken. the old resitance at 1376USD is the next target. we need a confermation of the goldbullmarket startet in 2016.
at least someone is finally posting in this board that i opened in 2011, it was kind of a monologe in the last 7years... LOL
For mining this is a to early stage explorer, tom merediths plan is to create a significant value by adding easy ounces to the ressource and trade it out to an other company when the goldprice is strong. now the company is valued with 15CAD/oz. in a strong market even more than 100CAD/oz is possible.
could be a 10 bagger but things are going forward very slow...
i hold this stock since 2010, i bought some more in 2014 and 2015 so my average shareprice is now 0.15
Question is are they planning to start mining or just sitting on the property hoping that someone wants to buy it.
Thats funny, I was just looking at this stock last night again. must be an omen to pull the trigger.
the stock is still very cheap at this prices, if they make a big hit in the next drillprogramms this stock will hit 1CAD
by the way drill results should be released in the next weeks.
Damn, I should have bought it, the price has more than doubled
Right now you're seeing this stock at obviously a very low price compared to the past 18 months--buying it might be akin to buying a call-option for a possible big later up-move....
There's a fair amount of coverage of RLG up in Canada. People in the industry are excited by the prior successful finds at Red Lake and they also respect RLG's executive chairman Thomas Meredith b/c in the past he turned a little $3M market-cap company into a great junior miner that was bought for $200M.
At the Stockhouse.com "bullboard" site for this stock (c.RLG) you'll hear of folks that got very excited during and after the run-up of mid-2016 and smaller rebound in 2017.
A lot of the public interest and a lot of the shareprice action both reflect what is going on with the price of gold. When things are boring, gold junior minors drop. Plain and simple. There's simply a dearth of Big Money animating the sector.
And so we wait.
Imo, the essential point about this little co. is that whenever they have done some more exploration and have good drill results under their belt, RLG will likely be bought out. In the meantime, they have to dilute one, two or three times yearly to raise funds for drilling and ongoing minor costs.
I'm still holding the shares i bought in 2011, thinking, perhaps naively, that maybe one day these guys will really strike a motherlode and co. will be bought out for CAD $1.00 or higher.
But when there's a good mgmt team, you have a lot more faith.
Dropped down to $.064 today, seems to be close to a bottom. Anyone familiar with this stock?
very quiet again, when the goldprice goes up to higher levels the money comes back to the goldminingstocks 1300is a big mark for the goldprice if this resistance finally breacks the second inning of the longtime goldbull market can start. we need to confirm the bullmarket started in early 2016
finger crossed ?? that this will happen in the near future.
0.27 CAD and Bids are building up!! something is going on behind the scenes
yess finally running up again.
its a waiting game and i think sooner or later this will trade over 0,50- 1.00CAD
new interview with tom meredith on smallcappower
http://smallcappower.com/top-stories/goldcorp-sees-potential-west-red-lake-gold-mines-project-chairman/
West Red Lake begins drill program at West Red Lake
2016-09-22 02:38 ET - News Release
Mr. John Kontak reports
WEST RED LAKE GOLD STARTS FALL EXPLORATION DRILL PROGRAM
West Red Lake Gold Mines Inc. has commenced the fall 2016 exploration program on the company's 3,100-hectare West Red Lake project located in the Red Lake gold district, Northwestern Ontario, Canada.
The drill program is designed to further explore the structural intersection area, where regional geological structures intersect, and also to explore the expansion potential of the Rowan mine zones. Both exploration target areas are located on the Rowan mine joint venture property, which is 60 per cent owned by West Red Lake Gold and 40 per cent owned by Goldcorp affiliate Red Lake Gold Mines.
Recent early-stage exploration drilling into the highly prospective structural intersection target area has identified the presence of high-grade gold in the Pipestone Bay St. Paul deformation zone and has also identified high-grade gold in the NT zone. Exploration activity is in progress to identify potential locations for significant gold deposition in the structural intersection target area. The intersection of the two regional gold-bearing structures represents a classic Red Lake target.
The exploration plan is to drill two holes in the structural intersection target area to follow up on the results from hole RLG-16-31 with the two drill holes targeting the area where there is an apparent hinge or fold in the NT zone.
Six drill holes are planned at the Rowan mine property to expand the Rowan mine zones to depth below the inferred resource estimate dated Feb. 16, 2016, which is reported to NI 43-101 standards. The Rowan mine zones are hosted within a sequence of hydrothermally altered mafic volcanics with intercalated felsic volcanics and porphyries, as well as ultramafics. The gold mineralization is associated with quartz veining and increased iron sulphide mineralization.
The three former gold mines on the West Red Lake project property are situated on the east-west-trending Pipestone Bay St. Paul deformation zone, a regional geological structure which crosses the company property and continues east to the town of Red Lake. The regional-scale Golden Arm fault structure and the subparallel NT zone cross onto the West Red Lake project from the south boundary and trend northeast for two kilometres to where they merge and intersect with the Pipestone Bay St. Paul deformation zone. The intersection of the regional-scale geological structures form the structural intersection target area, which is located 1.5 kilometres east of the Rowan mine shaft.
The company property is situated on the Red Lake Archean greenstone belt, which hosts the high-grade gold mines of the Red Lake gold district. The Pipestone Bay St. Paul deformation zone strikes east-west across the 12-kilometre property, and then continues east toward the town of Red Lake. Twenty kilometres to the east, a similar geologically important intersection of two regional gold-bearing structures occurs proximal to the world-class Red Lake mine and Campbell mine, providing a highly favourable geological model and illustrating the significant exploration potential for high-grade gold zones on the company's West Red Lake project.
The information presented in this news release has been reviewed and approved by Kenneth Guy, PGeo, a consultant to West Red Lake Gold and the qualified person for exploration at the West Red Lake project, as defined by National Instrument 43-101 (standards of disclosure for mineral projects).
West Red Lake Gold Mines is a Toronto-based minerals exploration company focused on gold exploration and development in the prolific Red Lake gold district of Northwestern Ontario, Canada. The Red Lake gold district is host to some of the richest gold deposits in the world and has produced 30 million ounces of gold from high-grade zones. The company has assembled a significant property position totalling 3,100 hectares in West Red Lake, which contains three former gold mines.
We seek Safe Harbor.
© 2016 Canjex Publishing Ltd. All rights reserved.
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drills are turning again at Rowan and Hinge zone
there are 6 deep holes below the existing 1.1Mio oz resource grading 7.6g\t at Rowan main zone.
here a nice surprice of high grades is likely because at Redlake the highgrades use to be deep in the ground. goldcorp produces below 2000 meters. and the lifetime of their mines is running out.
every oz of gold more that can be drilled will add value for us shareholders.
the second drill will thest the structural intersection. 2 holes are plannded on the struktural intersektion.
for the meantime that is a good plan as we wait for the drillpermits to test the ATM anomaly in the sout east on crownclaims.
1 CAD could be reality sooner or later IMHO
glta
i think news on the next drillprogram will be out next week
Wow 0.37 CAD!!!
i think drillresults could exceed all expectations! soon we know....
drillresults should be out in the next 2-3 weeks.
maybee we see a new 52 week high very soon... :)
news!!! RLG listet on cse composite index! wow thats nice!!!
West Red Lake added to CSE Composite Index
2016-06-17 15:13 ET - Miscellaneous
The quarterly rebalancing of the CSE Composite Index will result in changes effective after the close on Friday, June 17, 2016.
ADDITION
Symbol Name Sector
RLG West Red Lake Gold Mines Inc. Mining
For more information about the CSE Composite Index, including the full list of securities and the index methodology, visit the Canadian Securities Exchange website.
© 2016 Canjex Publishing Ltd. All rights reserved.
should be very interesting if they get a big hit
should be very interesting if they get a big hit
West Red Lake Gold starts drilling at West Red Lake
2016-06-09 10:53 ET - News Release
Mr. John Kontak reports
RLG COMMENCES EXPLORATION DRILLING TARGETING THE STRUCTURAL INTERSECTION POTENTIAL - RED LAKE GOLD DISTRICT
West Red Lake Gold Mines Inc. has commenced drilling on the company's 3,100-hectare West Red Lake project located in the Red Lake gold district, 20 kilometres west of Balmertown, Northwestern Ontario, Canada.
Drilling has commenced to explore the structural intersection target area. The purpose of the drill program is to continue to follow the regional scale Pipestone Bay-St. Paul deformation zone (PBS zone) toward the intersection with the NT zone. The intersection of two regional-scale gold-bearing structures creates the potential for larger-scale gold deposition in association with geological folding and fracturing typically found where two structures intersect.
The PBS zone is a regional-scale east-west-trending geological structure which hosts multiple high-grade gold zones including the gold zones at the Rowan mine, which is situated on strike and approximately one km west of the structural intersection. The NT zone trends northeast from the boundary with the property to the south for a distance of two km and then intersects with the PBS zone. Previous drilling in 2010 and 2011 located one km to two km from the structural intersection identified multiple high-grade gold zones at the NT zone. The area of the NT zone between the previous drilling and the structural intersection remains unexplored.
Drilling has started in the area of hole RLG 15-24, which was reported on March 15, 2016, and successive drill holes will move progressively to the east over a distance of approximately 700 metres. The first 400 metres of strike length lead up to the location where the two regional gold-bearing structures intersect. The initial holes are planned to be drilled to the north from surface with depths ranging from 100 metres to 250 metres below surface.
The company property is situated on the Red Lake Archean greenstone belt which hosts the high-grade gold mines of the Red Lake gold district. The PBS zone strikes east-west across the 12 km length of the property and then continues east toward the town of Red Lake. A second regional gold-bearing structure, the NT zone, trends on to the property from the southwest, and then trends toward and intersects with the PBS zone approximately one km east of the Rowan mine zones. Twenty km to the east a similar geologically important intersection of two regional gold-bearing structures occurs proximal to the world-class Red Lake mine and Campbell mine, providing a highly favourable geological model and illustrating the significant exploration potential for high-grade gold zones on the company's West Red Lake project.
The information presented in this news release has been reviewed and approved by Ken Guy, PGeo, a consultant to West Red Lake Gold and the qualified person for exploration at the West Red Lake project as defined by National Instrument 43-101.
We seek Safe Harbor.
© 2016 Canjex Publishing Ltd. All rights reserved.
Drilling news should be this week
news!!!
West Red Lake receives $481,680 from warrant exercise
2016-05-27 15:39 ET - News Release
Mr. John Kontak reports
WEST RED LAKE GOLD WARRANT FUNDING
West Red Lake Gold Mines Inc. has received proceeds from the exercise of warrants in the amount of $481,680.
All of the outstanding 4,816,800 warrants expiring June 30, 2016, have been exercised, and the company has issued a total of 4,816,800 common shares at a price of 10 cents per common share for proceeds of $481,680.
Proceeds will be used for work on the company's gold project located in Red Lake, Ont., and for general corporate purposes. The proceeds provided from the warrant exercise are planned for use in the fall 2016 exploration drill program which will follow the previously announced 2016 summer exploration drill program. With regard to additional exploration programs in 2017, company financing partners have advised that they plan to transact additional equity financing that would follow up on previous common share financings provided by them over the prior two years.
The company also announces the grant of 900,000 options to consultants and service providers at an exercise price of 25 cents per share for a term of three years. The company has also issued 476,128 common shares at a deemed value of 25 cents per share for $119,032 of services to the company by several providers.
We seek Safe Harbor.
© 2016 Canjex Publishing Ltd. All rights reserved.
yeesss, let this Hinge Zone be the big paydirt. the geo of this zone is really particular with the two trends cross.
tom has a plan how explore with the funds we have to make value for RLG and its shareholders, because he dod it bevore and has experience (vg gold) step by step allways following the known structures.
If we hit high grades and there is good chance for it, it could make a big difference.
very good drillresults this will hit 1CAD this time.
i wait for it :)
the stock takes a deep breath. after the last peak at 0.21 the stock lost almoust 50%. i hope 0.21 could be a support. could well be that again a bullflag is building out to break out again in two weeks or so...
long and strong in RLG
Yup I did Really RLG it boils down to finding the payday as they move east will drill holes
maybee it neets a week or two now to consolitate. i think we see the high from 2010 this year!
did you talk to HRA coffin in vancouver? :)
Just Back from Vancouver
RLG hit .34
What do you mean with that?
nice close today @ 0.195CAD and touched the 52 Week High!
soon we will make a new high!
what is your pricetarget?
RLG speaking Sat in Vancouver :)))
0.20CAD!!!
this is ready for a breakout!! Go RLG goooo!!!
yup great close today ready for take off
nice close today @ 0.18CAD!
that looks like the stock is breaking out of the bullflag pattern. we see the 0.20-0.30 area soon! :)
looking better maybe news soon
an other good day! RLG is Rocking and Rolling!! :)
this could run soon over 0.30Cad!
with a good strike in the next drillprograms maybee it hits 1CAD
what do you think rocketred?
Nice close today on big volume News Next Week?
House
Bought
$Value
Ave
Sold
$Value
Ave
Net
$Net
79 CIBC 1,607,500 193,950 0.12 25,500 3,570 0.14 1,582,000 -190,380
76 Industrial Alliance 308,500 37,300 0.12 308,500 -37,300
59 PI 152,500 22,875 0.15 152,500 -22,875
2 RBC 59,000 8,595 0.15 59,000 -8,595
33 Canaccord 50,000 7,250 0.15 50,000 -7,250
143 Pershing 46,000 5,520 0.12 46,000 -5,520
85 Scotia 159,000 21,272 0.13 132,900 19,470 0.15 26,100 -1,802
54 Global 10,000 1,300 0.13 10,000 -1,300
1 Anonymous 5,000 775 0.16 5,000 -775
22 Fidelity 2,000 260 0.13 1,500 217 0.14 500 -43
68 Leede 400 60 0.15 385 59 0.15 15 -1
36 Latimer 3,500 525 0.15 -3,500 525
9 BMO Nesbitt 25,000 3,675 0.15 30,000 4,500 0.15 -5,000 825
7 TD Sec 88,885 10,786 0.12 127,000 18,547 0.15 -38,115 7,761
80 National Bank 68,000 10,020 0.15 -68,000 10,020
58 Qtrade 2,125,000 256,710 0.12 -2,125,000 256,710
Total 2,513,785 313,618 2,513,785 313,618 0 0
the SP makes a nice conso over 0.10CAD!! there is no big interesst to sell this off. the sellers had over 4 years time to sell, those who are still in have no reason to do it now.
i think we could see 0.40-0.60CAD within the next 12months.
whats your pricetarget rocketread??
0.14CAD is a nice close!
Gold is taking off agsin and i think in the long therm 1500USD is a reslistic price target. (24m)
HUI is also close to break the 12month High just 3points... GDXJ also good to thake as indicator for the whole goldmining sektor!
RLG hits 0.50CAD this year in my oppinion!
GLTA
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