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Closing up 15% on above-average volume, WRLG President & CEO Shane Williams posted a year-end address highlighting the transformative year for the company:
End of Year Address From Shane Williams, President & CEO
— West Red Lake Gold Mines Ltd. (@WestRedLakeGold) December 21, 2023
As 2023 comes to an end, I wish to thank all West Red Lake Gold shareholders for joining us on a quest to create a major gold producer in Canada. Your support and faith in our path forward are greatly appreciated.
We… pic.twitter.com/GGUxfD84Zs
WRLG's CEO on unlocking hidden value in the West Red Lake Gold District, breathing new life into the Madsen Mine, and charting a course for growth in the gold sector.
WRLG.v's Madsen Mine not only has an indicated MRE of 474,600 ounces @ 8.7 g/t gold but it also comes equipped with a state-of-the-art 800+ tonne/day mill. Right now, WRLG is focused on expanding the resource and derisking the asset before going back into production. On top of that, it is backed by Billionaire Mining investor Frank Giustra and its trading up >40% over the month. Breakdown here⬇️
https://www.reddit.com/r/Inflation_Investment/comments/18locfu/west_red_lake_gold_wrlgv_unveils_highgrade_gold/
Insightful interview with West Red Lake Gold Mines (WRLG.v WRLGF) CEO on what they're doing differently with the Madsen Mine, after acquiring the asset previously valued at $1B for pennies on the dollar: https://www.b-tv.com/post/tsxv-wrlg-west-red-lake-gold-exploring-precious-opportunities-in-ontarios-golden-heartland-btv-feature
$WRLG unveiled strong drill results at its Madsen Mine (Peak value = $1B, acquired for $6.5M)
— The TSX Dude (@TheTSXDude) December 19, 2023
The project's South Austin Zone has 474,600 #gold oz Indicated, 31,800 oz Inferred
+ $WRLG.v shares are up 43% over the month$WRLGF @WestRedLakeGoldhttps://t.co/HKEgzHVXuK pic.twitter.com/r5QmPwr5md
What West Red Lake Gold Mines (WRLG.v WRLGF) is doing differently with the Madsen Gold Mine, an asset previously valued at $1B that WRLG acquired for pennies on the dollar:
“What are you doing differently?” is one of the most frequently asked questions directed to our West Red Lake team.
— West Red Lake Gold Mines Ltd. (@WestRedLakeGold) December 17, 2023
Shane Williams, President & CEO, details his strategies and shares the vision for driving change at West Red Lake towards success in his recent interview with… https://t.co/3VDS2xnUsr
Good coverage of WRLG.v's price jump and latest drilling results for anyone interested in jr gold. Lots of potential for this small-cap considering their flagship project has a previously operational gold mine and a brand new 800 tonne/day mill. They're also backed by Billionaire Frank Giustra.
https://www.reddit.com/r/PennyCatalysts/comments/18hwglr/wrlg_up_16_on_high_volume_positive_drill_results/
With emphasis on the acquisition of an asset previously valued at $1B for pennies on the dollar, WRLG's President and CEO Shane Williams went on the Jay Martin Show to discuss gold market sentiment and the path going forward with its two high-grade assets in Ontario's Red Lake Gold District:
Insightful WRLG presentation from Deutsche Goldmesse regarding the plan going forward with its two high-grade assets, the Madsen Mine and the Rowan Property:
Substantial level of insider buying, including $1.04M from billionaire mining investor Frank Giustra, for WRLG following the recently reported drill results: https://www.reddit.com/r/investment/comments/18d5egy/west_red_lake_gold_mines_wrlgv_wrlgf_experiences/
WRLG's CEO discusses the evolution of their Rowan Gold Project, exciting drilling results, and the project's compatibility with WRLG's Madsen Mill in this podcast. Good listen for anyone intrested in gold jrs.
https://podcasters.spotify.com/pod/show/mining-stock-daily/episodes/West-Red-Lake-on-the-MadsenRowan-Thesis-and-Financing-for-2024-e2c6etn/a-aaks54j
Today, WRLG.v announced high-grade gold strikes at its past-producing Madsen Mine, emphasizing the growth potential of the South Austin Zone. Key intercepts included 296.83 g/t Au over 1m & 47.44 g/t Au over 3.2m https://westredlakegold.com/west-red-lake-gold-intersects-47-44-g-t-au-over-3-2m-21-64-g-t-au-over-7m-and-296-83-g-t-au-over-1m-at-south-austin-zone-madsen-mine/
WRLG has intersected 47.44g/t Au over 3.2m, 21.64 g/t Au over 7m and 296.83 g/t Au over 1m at its Madsen Mine in the prolific Red Lake Gold District: https://www.reddit.com/r/smallstreetbets/comments/18bmks2/4744gt_au_over_32m_2164_gt_au_over_7m_and_29683/
WRLG closed 6% in the green on high vol today and is up 41% over the past 5 trading days.
Could be because last week WRLG announced an investment by Sprott Resources of over $2.6M USD https://westredlakegold.com/west-red-lake-gold-announces-sprotts-investment-of-us26314
Amid gold prices hitting a record high of $2,100 and showing no signs of slowing, Sprott made an investment of US$2,631,463 into WRLG: https://www.reddit.com/r/pennystocks/comments/18aurkt/sprott_invests_us2631463_into_west_red_lake_gold/
Replay of Shane Williams', President & CEO of WRLG, presentation on 'Hard Money Live!' from this morning
Good week so far for WRLG.v. The gold jr has had a couple catalysts lately which are detailed in this post for anyone interested
https://www.reddit.com/r/PennyStocksCanada/comments/1866c97/wrlgv_up_20_after_raising_15m_through_pp_and/
Yesterday, WRLG announced the closure of its brokered private placement offering for gross proceeds exceeding $15 million with the net proceeds will be used to advance WRLG's mineral properties in Ontario. Some insiders took a portion of the offering as well, emphasizing their confidence in the company 👀
https://westredlakegold.com/west-red-lake-gold-mines-ltd-closes-15080000upsized-brokered-private-placement-of-units/
WRLG.v is up 20% today on high and above-avg volume rn after announcing that it has closed a PP for $15M https://westredlakegold.com/west-red-lake-gold-mines-ltd-closes-15080000upsized-brokered-private-placement-of-units/
Y'all hear that Goldman Sachs has raised its 12-month gold price target to $2,050? Thinking this junior could be a play to capitalize with its latest high-grade results & a combined gold resource of 6.9M tons indicated and 4.6M tons inferred at two high-grade projects: https://www.reddit.com/r/RobinhoodTrade/comments/182di2c/billionaire_mining_investor_frank_giustra_on_why/
I found this breakdown of WRLG's latest results on reddit, thought i'd share
https://www.reddit.com/r/smallstreetbets/comments/182fgsl/west_red_lake_gold_mines_ltd_wrlg_unveils/
"Although gold remains stuck below $2,000 an ounce, some analysts remain optimistic that all-time highs are an achievable target by year-end or into the new year." - https://www.kitco.com/news/2023-11-23/Gold-prices-below-2-000-but-seasonals-remain-favorable.html
WRLG.v reported promising drill results at Madsen Mine's North Austin Zone on Tuesday, showcasing significant resource growth potential. Intercepts include 10.28m at 27.15 g/t Au, including 1m at 226.85 g/t Au.
https://westredlakegold.com/west-red-lake-gold-intersects-27-15-g-t-au-over-10-28m-and-22-31g-t-au-over-8-5m-at-north-austin-zone-madsen-mine/
Insightful article from billionaire mining investor Frank Giustra on "why we need mining if we want a cleaner world" and how "junior companies are the unsung heroes of this transition": https://frankgiustra.com/posts/the-dirty-truth-about-why-we-need-mining-if-we-want-a-cleaner-world/
Impressive results from WRLG's Madsen Mine: https://westredlakegold.com/west-red-lake-gold-intersects-27-15-g-t-au-over-10-28m-and-22-31g-t-au-over-8-5m-at-north-austin-zone-madsen-mine/
Property already boasts a gold resource of 6.9M tons indicated and 1.8M tons inferred
Shane Williams, CEO of WRLG, discusses the company's progress at its Madsen Gold Mine at the Metals Investor Forum
Lots of upvotes on this post about a Canadian gold junior - Looking like one to add to the watchlist as gold and silver prices grind higher: https://www.reddit.com/r/pennystocks/comments/17w6mn4/additional_positive_metallurgical_test_results/
More good news from WRLG's Rowan Gold Project. Looks like test work is supporting WRLG's plan to process Rowan's gold through the Madsen Mill and the operational efficiency of the extraction process.
https://westredlakegold.com/west-red-lake-gold-announces-positive-metallurgical-test-results-from-rowan-mine-deposit/
More news from WRLG with additional positive metallurgical test results being announced today at its Rowan Mine Deposit: https://www.reddit.com/r/pennystocks/comments/17w6mn4/additional_positive_metallurgical_test_results/
Great piece on WRLG, which highlights their recent drilling success and upsized PP.
https://news.marketersmedia.com/west-red-lake-golds-wrlgv-rowan-deposit-how-deep-does-it-go/89113167
Insightful article on the extent & depth of WRLG's Rowan: https://www.thenewswire.com/press-releases/1AqRFD5lj-west-red-lake-golds-wrlgv-rowan-deposit-how-deep-does-it-go.html
Giustra on "why you should invest in gold bars and coins for the holidays":
https://www.cbsnews.com/news/why-to-invest-in-gold-bars-and-coins-for-holidays/
Interesting perspective from Billionaire Mining Investor Frank Giustra on West Red Lake Gold Mines (WRLG.v WRLGF) during the keynote address for Red Cloud's Fall Mining Showcase:
New high grade results coming out of WRLG's Rowan Mine with the intersection of 10.92g/t Au over 2.4m, 11.07g/t Au over 2.15m and 38.15g/t Au over 0.5m at its Rowan Mine: https://westredlakegold.com/west-red-lake-gold-intersects-10-92-g-t-au-over-2-4m-11-07-g-t-au-over-2-15m-and-38-15-g-t-au-over-0-5m-at-rowan-mine/
$WRLG is set to raise $13M for #gold exploration at its Red Lake Gold District Projects
— The TSX Dude (@TheTSXDude) November 9, 2023
Madsen Mine = 1.65M gold oz @ 7.4 g/t indicated/ 0.37M oz @ 6.3 g/t inferred
Rowan Property = 827,462 inferred oz @ 9.2 g/t$WRLG.v $WRLGF @WestRedLakeGoldhttps://t.co/QOznhjj6wW
Given that WRLG's capital structure is made up of lots of large shareholders, many may be looking to add to their position with this latest placement
As a result of strong investor demand, WRLG announced the upsizing of its private placement from $10M as announced yesterday, to $13M with Canaccord and Eight Capital acting as co-lead agents: https://westredlakegold.com/west-red-lake-gold-announces-upsize-of-marketed-private-placement-of-units-to-c13-million/
Insightful interview with WRLG CEO Shane Williams discussing the company's strategic path & upcoming milestones at both the Madsen and Rowan Mines, as well as sharing insights on the thriving gold market & potential for a recession:
"Acquisitions like the Madsen Mine don’t happen. In my entire career I’ve never seen an acquisition this attractive. The quality of infrastructure here is absolutely perfect. Its first class. Its brand new. You couldn’t create this today with less than $700M. It would take years, probably a decade" -
This quote from Billionaire Mining Investor Frank Giustra on WRLG is hard to ignore - with two high-grade resources in one of the richest gold districts in Canada, Giustra sounds juiced about this
As the HUI/Gold ratio (an indicator of gold miner performance relative to the gold price) is currently near its all-time low, WRLG is looking like a solid play:
The HUI/Gold ratio, an indicator of gold miner performance relative to the gold price, currently stands near its all-time low and well below its historical average of 0.29 - Junior stocks continue to lag gold price Spot (1,982.50) Futures (1994.80) pic.twitter.com/7JBVvJysor
— CEO🔺CA (@ceodotca) November 1, 2023
New on my radar - West Red Lake Gold Mines (WRLG.v WRLGF) is build high-grade resources in one of the richest gold districts in Canada with significant backing from Billionaire Mining Investor Frank Guista: https://www.reddit.com/r/WallStreetbetsELITE/comments/17ku94z/west_red_lake_gold_mines_wrlgv_wrlgf_building/
Don't pay more than $.30-$.35 cents Canadian!
800tpd is small. Going to require more funding to expand and keep drilling.
I suspect this will run out of money in 12-18 months.
Amandip Singh, VP Corporate Development Presentation
Anybody home?
The price moved up in April:
Latest presentation:
https://westredlakegold.com/wp-content/uploads/2023/08/West-Red-Lake-Presentation-2023-08-24.pdf
finally moving! i think drillresults will be very good, but i don‘t expect assays bevore august-september
very good drillresults! and a encouraging outlook for this year spoken in yesterdays webinar with tom meredith!
a lot of good things to come with tree drillprograms rotaling 10.000m and a new partner evolution stepping in soon.
meanwhile RLG can stack up a few more percent in jv interesst as funding alone
i am still holding on my pricetarget 1CAD
October drilling program started, news coming by December!
**Bonanza grade strike**
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