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With the latest intersection of 25.12g/t Au over 5.5m, 39.46 g/t Au over 2m and 18.60 g/t Au over 4m at the Madsen Mine's South Austin Zone, West Red Lake Gold Mines (WRLG.v WRLGF) has made another significant step in de-risking the deposit ahead of restarting the Madsen Mill: https://www.reddit.com/r/EducatedInvesting/comments/1b8ep2t/west_red_lake_gold_mines_wrlgv_wrlgf_turnaround/
WRLG continues to strike gold at its Madsen Mine, w/ high-grade intercepts like 39.46 g/t Au over 2m @ the project's South Austin Zone.
The company aims to build on its inventory of high-confidence ounces for the Madsen mill restart, with plans to focus on higher-grade zones in 2024.
https://westredlakegold.com/west-red-lake-gold-intersects-25-12-g-t-au-over-5-5m-39-46-g-t-au-over-2m-and-18-60-g-t-au-over-4m-at-south-austin-zone-madsen-mine/
West Red Lake Gold Mines (WRLG.v WRLGF) made another significant step in de-risking the Madsen deposit with the recent intersection of 25.12g/t Au over 5.5m, 39.46 g/t Au over 2m and 18.60 g/t Au over 4m at the Mine's South Austin Zone: https://www.reddit.com/r/WallStreetbetsELITE/comments/1b6ocxe/today_west_red_lake_gold_mines_wrlgv_wrlgf/
Today, West Red Lake Gold Mines (WRLG.v WRLGF) reported the latest drill results from its 100% owned Madsen Mine which saw the intersection of 25.12g/t Au over 5.5m, 39.46 g/t Au over 2m and 18.60 g/t Au over 4m at the South Austin Zone: https://westredlakegold.com/west-red-lake-gold-intersects-25-12-g-t-au-over-5-5m-39-46-g-t-au-over-2m-and-18-60-g-t-au-over-4m-at-south-austin-zone-madsen-mine/
WRLG.v up on high vol today after announcing it has upsized its PP of shares and gold-link notes from $20M to $23M USD due to high demand.
https://westredlakegold.com/west-red-lake-gold-announces-upsize-to-previously-announced-private-placement/
News from West Red Lake Gold Mines (WRLG.v WRLGF) today, announcing the upsizing of its previously announced private placement to US$23M from US$20M due to strong demand: https://www.globenewswire.com/news-release/2024/03/01/2838921/0/en/West-Red-Lake-Gold-Announces-Upsize-to-Previously-Announced-Private-Placement.html
Frank Giustra, who already holds 11.07% of the outstanding Common Shares, indicated his intent to participate in the Offering by subscribing for 3,700 Units, representing US$3.7M in gross proceeds.
WRLG.v, operating the past-producing Madsen Mine in Canada's Red Lake district (indicated mineral resource = 1.65 Moz gold, avg 8.9 g/t) aims to raise $20M through a gold-linked notes PP. Billionaire mining investor Frank Giustra expected to contribute $3.7M
https://westredlakegold.com/west-red-lake-gold-announces-a-us20-million-private-placement-of-gold-linked-notes/
WRLG.v just announced plans to raise US$20M to advance its Madsen Gold Mine. The financing involves selling gold-linked notes, indicating confidence in future gold production. WRLG advisor & billionaire mining mogul, Frank Giustra, plans to contribute US$3.7M.
https://westredlakegold.com/west-red-lake-gold-announces-a-us20-million-private-placement-of-gold-linked-notes/
Interesting read on JP Morgan's latest call that gold is headed for a 'breakout' rally, projected to hit an all-time high of US$2,300 by 2025: https://www.reddit.com/r/MoonBets/comments/1b1heeh/gold_to_hit_alltime_high_of_us2300_by_2025/
The post also highlights a top 50 TSX Venture Exchange company that's focused on exploration and development in the prolific Red Lake Gold District in Ontario with a combined gold resource of 6.9M tonnes indicated at a grade of 7.4 g/t and 2.8M tonnes inferred at 9.2 g/t
WRLG recently shared new gold intersections from its Madsen Mine in Ontario's Red Lake Gold District, underscoring the potential for substantial resource growth & economic mine restart
https://www.reddit.com/r/Inflation_Investment/comments/1axlatu/wrlgv_recognized_among_top_50_in_mining_by_tsx/
WRLG.v was recognized as one of the TSXV's top 50 mining companies, based on its strong 2023 performance metrics. CEO Shane Williams emphasized WRLG's focus on expanding Madsen Gold Mine and is excited about the prospects of establishing a leading Canadian gold mining company. W/ this WRLG closed up 6% today.
Breakdown here⬇️
https://www.reddit.com/r/PennyStocksCanada/comments/1axlahj/west_red_lake_gold_mines_wrlgv_recognized_as_top/
Interesting post here on billionaire Frank Giustra's calls for Canadian pension funds to boost investments in the domestic resource sector which also highlights WRLG, a gold exploration/development company he is invested in and an advisor for. WRLG is working to define high-confidence ounces to restart the gold mill at its flagship Madsen Gold Project as soon as 2025.
https://stockhouse.com/companies/bullboard/v.wrlg/west-red-lake-gold-mines-ord-shs?postid=35889934
Today, WRLG was recognized as a top 50 TSX Venture Exchange company in the Mining category: https://westredlakegold.com/west-red-lake-gold-recognized-as-a-top-50-tsx-venture-exchange-company/
The 2024 TSX Venture 50 highlights the strongest performances on the TSX Venture Exchange over the last year, recognizing the strongest performance on the exchange based on three equally weighted criteria: market capitalization growth, share price appreciation and trading volume for the year ended December 21, 2023
Insightful post on the importance of preserving Canada's mining sector from Frank Giustra that highlights a gold junior with a resouce of 6.9M tonnes indicated at a grade of 7.4 g/t that he is heavily invested in: https://www.reddit.com/r/CanadaFinance/comments/1avwkg3/the_importance_of_preserving_canadas_mining/
VP of Exploration at WRLG.v discusses 2023 exploration progress and 2024 strategy on KE Report Podcast. Extensive drilling was done at Rowan Project and the Madsen Project saw a high-grade gold discovery. WRLG 2024 plans include step out drilling, focusing on West and East Zones, with the aim of optimizing Madsen in preparation for potential mine restart. Breakdown here: https://www.reddit.com/r/PennyStocksCanada/comments/1aqx4dx/exploring_west_red_lake_golds_wrlgv_2023/
On the heels of a successful 2023 exploration season which saw the discovery of a new area of high-grade mineralization which extended the current resource to the northeast, I'm eager to see gold junior execute on its 2024 strategy: https://www.reddit.com/r/WallStreetbetsELITE/comments/1aqvou1/korelin_economics_report_interview_west_red_lake/
Energy/Natural Resources Minister Wilkinson seeks to accelerate critical #mineral mine development by streamlining permits, aiming to reduce the timeline from 12-15 years to just 5
https://www.reuters.com/markets/commodities/canada-accelerate-critical-mineral-mining-energy-minister-2024-02-13/
This strategic move could significantly benefit Canadian mineral exploration firms, especially ones like WRLG.v, which is amining to start producing gold as soon as 2025.
VP Will Robinson discussed West Red Lake Gold's 2023 exploration at Rowan & Madsen Projects on the KE Report Podcast. WRLG's 2024 plans include more drilling, balancing West & East Zone work, aligning with Madsen Mine restart.
https://www.kereport.com/2024/02/13/west-red-lake-gold-reviewing-2023-exploration-program-and-work-strategy-in-2024-at-the-rowan-project-and-the-madsen-gold-project/
New Korelin Economics Report interview with West Red Lake Gold Mines (WRLG.v WRLGF) regarding its 2023 exploration program & 2024 strategy at the Madsen Mine: https://www.kereport.com/2024/02/13/west-red-lake-gold-reviewing-2023-exploration-program-and-work-strategy-in-2024-at-the-rowan-project-and-the-madsen-gold-project/
West Red Lake Gold is making significant strides in advancing its near-term mining inventory with high-grade mineralization in the North Austin Zone, extending the existing resource at its Madsen Gold Project. Debt-free and fully permitted, the company's strategic drilling efforts aim for expansion, targeting early development opportunities. With strong potential for resource growth, WRLG.V is focused on mill restart and further exploration to unlock the full potential of the project.
https://www.marketscreener.com/quote/stock/WEST-RED-LAKE-GOLD-MINES-49477187/news/West-Red-Lake-Gold-WRLG-V-Focused-on-Further-Definition-of-Near-Term-Mining-Inventory-45923252/
Shane Williams of $WRLGF recently discussed their progress at VRIC 2024. Backed by Mining Mogul Frank Giustra, $WRLGF's Madsen Gold Project has extensive infrastructure & is fully permitted. Williams' strategic focus includes extensive drilling for potential production by 2025. Breakdown of the presentation here⬇️
https://www.reddit.com/r/Inflation_Investment/comments/1an3i8l/west_red_lake_gold_mines_update_at_vric_2024/
At VRIC 2024, WRLG's CEO discussed advancements including drilling plans for their Madson gold project. The interview also highlights WRLG's backing from billionaire mining mogul Frank Giustra and their strategic positioning in the Red Lake Mining Region
Extending the resource to the northeast, West Red Lake Gold Mines (WRLG.v WRLGF) defined a new area of high-grade mineralization at its Madsen Mine's North Austin Zone with the intersection of 9.15g/t Au over 3.3m and 10.66 g/t Au over 2.6m as well as suggested the vertical continuity of almost two full mine levels below any workings in the east portal with similar high-grade mineralization interceptions: https://www.reddit.com/r/EducatedInvesting/comments/1am7xx0/west_red_lake_gold_mines_wrlgv_wrlgf_intersects/
Yesterday, WRLG shared significant gold intercepts from drilling at its Madsen Project's North Austin Zone including 9.15 g/t Au over 3.3m & 10.66 g/t Au over 2.6m. Results underscore the potential for resource expansion and early-stage development of the North Austin Zone. Breakdown here⬇️
https://www.reddit.com/r/PennyStocksCanada/comments/1alg85r/west_red_lake_gold_wrlgv_mines_reports_highgrade/
New results from West Red Lake Gold Mines (WRLG.v WRLGF) Madsen Mine saw the intersection of 9.15g/t Au over 3.3m and 10.66 g/t Au over 2.6m as well as suggested the vertical continuity of almost two full mine levels below any workings in the east portal with similar high-grade mineralization interceptions: https://www.reddit.com/r/EducatedInvesting/comments/1am7xx0/west_red_lake_gold_mines_wrlgv_wrlgf_intersects/
Today, WRLG unveiled significant gold intercepts at its Madsen Project's North Austin Zone like 9.15 g/t Au over 3.3m and 10.66 g/t Au over 2.6m. Results underscore the potential for early-stage development of the North Austin Zone.
https://westredlakegold.com/west-red-lake-gold-intersects-9-15-g-t-au-over-3-3m-and-10-66-g-t-au-over-2-6m-at-north-austin-zone-madsen-mine/
Insightful deep dive on a billion-dollar mining asset acquired for cents on the dollar and what this junior's plan is to recapture that value: https://www.reddit.com/r/PennyStocksCanada/comments/1ahhrrs/west_red_lake_gold_mines_wrlgv_wrlgf_approach_to/
WRLG's 2023 drilling at Rowan Property validated data, affirming gold continuity at depth. Acquisitions, positive tests & a focus on Madsen Mine development position WRLG.v for mid-tier gold producer status. Full DD⬇️
https://www.reddit.com/r/smallstreetbets/comments/1ahiduq/west_red_lake_gold_mines_unveils_robust_2023/
With the global demand for gold hitting record highs in 2023 amid geopolitical risks, I've been looking into new gold opportunities and came across an interesting junior, West Red Lake Gold Mines (WRLG.v WRLGF). This reddit post provides good insight into its asset which boast a combined gold resource of 6.9M tonnes indicated at a grade of 7.4 g/t and 2.8M tonnes inferred at 9.2 g/t: https://www.reddit.com/r/wallstreetbetsHIGH/comments/1af36av/west_red_lake_gold_mines_wrlgv_wrlgf_ceo_on_why/
Reminder that WRLG recently unveiled the 2023 drill findings from Rowan, showcasing notable high-grade gold intersections like 4m stretch at 9.5 g/t Au, ~80m below historic workings, along with intersections of 9m at 3.25 g/t Au
https://westredlakegold.com/west-red-lake-gold-reports-final-2023-drill-results-from-rowan-and-highlights-2023-exploration-achievements/
Great summary of WRLG's latest presentation in the post linked below for anyone who doesn't have time to watch the whole thing. Hits on all the key points.
https://www.reddit.com/r/Wallstreetsilver/comments/1afxi2i/ceo_shane_williams_reveals_west_red_lake_gold/
Great interview from WRLG's CEO. Less than 12 minutes long & he explains the company's strategic acquisition of the Madsen Mine for $6.5M (peak value $1B), extensive infrastructure, exploration/production goals for the future & more.
In a recent interview by @ceodotca, Shane Williams, the CEO of @WestRedLakeGold $WRLG $WRLG.v $WRLGF, delved into the company's pursuits, offering a detailed glimpse into the promising path ahead
— The TSX Dude (@TheTSXDude) January 30, 2024
Full interview here: https://t.co/PBM1QRrdJi
Summary🧵⬇️⬇️
New interview with WRLG's CEO Shane Williams at the Metals Investor Forum in January 2024, discussing the historical shortcomings of the Madsen Mine and its management team, as well as why WRLG is different:
Interesting article by West Red Lake Gold's (WRLG.v) VP of Technical Services Maurice Mostert on how they plan to put their Madsen Gold Mine (peak value $1B) back into production
https://www.thenewswire.com/press-releases?id=1AD4Fawm1
Pretty compelling video from this gold junior's CEO on how they plan to become a mid-tier Canadian miner with their project that already has $350M worth of infrastructure in place.
New CEO.ca interview from VRIC with West Red Lake Gold Mines (WRLG.v WRLGF) CEO Shane Williams detailing its two key projects in Ontario's Red Lake District which boast a combined gold resource of 6.9M tonnes indicated at a grade of 7.4 g/t and 2.8M tonnes inferred at 9.2 g/t:
Insightful read from West Red Lake Gold Mines (WRLG.v WRLGF) VP of Technical Services on the technical approach to building a modern mine: https://www.reddit.com/r/wallstreetbets2/comments/19eumnf/understanding_the_gold_veins_in_ontarios_red_lake/
WRLG's "first class acquisition" of the Madsen Gold Mine was for "pennies on the dollar" due to the previous mine operators not understanding the gold veins in the Red Lake District, thus deeming the project sub-economic, however, in a short amount of time WRLG has proved this idea wrong.
WRLG's latest release highlights its exploration @ the Rowan & Madsen Gold Projects in '23. WRLG also secured $46.7M in institutional investment, acquired Madsen for just $6.5M (peak value >$1B) & saw a 90% share price increase.
https://www.reddit.com/r/dumbmoney/comments/19e2rwa/west_red_lake_gold_mines_wrlgv_wrlgf_team/
Insightful read from West Red Lake Gold Mines (WRLG.v WRLGF) CEO on building a team to bring its gold assets back into production, which boasts a combined gold resource of 6.9M tonnes indicated at a grade of 7.4 g/t and 2.8M tonnes inferred at 9.2 g/t: https://www.thenewswire.com/press-releases/1ArbF6pba-west-red-lake-gold-wrlg-v-ceo-shane-williams-on-building-a-team.html
Some great statements from WRLG's CEO here: "Institutional investors took notice. In a challenging gold market we raised CDN $46.7 million to fund our operations. During that 12 months, the WRLG share price increased about 90%."
https://www.marketscreener.com/quote/stock/WEST-RED-LAKE-GOLD-MINES-49477187/news/West-Red-Lake-Gold-WRLG-V-CEO-Shane-Williams-on-Building-a-Team-45793592/
WRLG reports successful 2023 drill program at Rowan Property in Red Lake Gold District, w/ notable intercepts at the project's Mine Deposit and West Zone. Metallurgical tests show high gravity recovery, boosting confidence in Rowan Deposit's potential contribution to their Madsen Mill's production💥⛏️
https://newsdirect.com/news/west-red-lake-gold-wrlg-v-completes-2023-drill-program-at-the-rowan-property-879833570
WRLG reported positive drill results from the Rowan Gold Property, including intersections like 4m @ 9.5 g/t Au and 9m @ 3.25 g/t Au. MGMT plans to focus on the flagship Madsen project but sees future synergies. Great breakdown in this post below for anyone interested in gold jrs like me⬇️
https://www.reddit.com/r/Wallstreetbetsnew/comments/199clto/west_red_lake_gold_mines_unveils_robust_2023/
Today, West Red Lake Gold Mines (WRLG.v WRLGF) announced the completion of its 2023 drill program at its 100% owned Rowan Property, located in the prolific Red Lake Gold District in Ontario, Canada: https://www.thenewswire.com/press-releases/1BOxF9Vqg-west-red-lake-gold-wrlg-v-completes-2023-drill-program-at-the-rowan-property.html
WRLG shared some positive drill results yesterday from their Rowan Gold Property. Notable intersections they unearthed include:
-4m @ 9.5 g/t Au (about 80m under historic workings)
-2.7m @ 3.66 g/t Au
-3.6m @ 3.13 g/t Au
-and 9m @ 3.25 g/t Au
WRLG's MGMT says that they're going focus on their flagship Madsen project for the rest of the year, but seem happy with these results and see synergies between the 2 projects in the future. Good breakdown of the results from this redditor here for anyone interested⬇️
https://www.reddit.com/r/Wallstreetbetsnew/comments/199clto/west_red_lake_gold_mines_unveils_robust_2023/
WRLG.v reported 2023 drill results from its Rowan Property today, showcasing high-grade gold intersections like 4 meters @ 9.5 g/t Au ~80m beneath historic workings as well as 2.7m @ 3.66 g/t, 3.6m @ 3.13 g/t & 9m @ 3.25 g/t Au💥⛏️
https://westredlakegold.com/west-red-lake-gold-reports-final-2023-drill-results-from-rowan-and-highlights-2023-exploration-achievements/
Final 2023 drill results from West Red Lake Gold Mines' (WRLG.v WRLGF) Rowan Property were announced today: https://westredlakegold.com/west-red-lake-gold-reports-final-2023-drill-results-from-rowan-and-highlights-2023-exploration-achievements/
Good to see a Canadian Gold Jr featured on Fox. The segment highlights WRLG's acquisition of the Madson mine, its top-notch infrastructure, seasoned team, proximity to the Red Lake mine & more. A good watch if you're interested in gold.
WRLG will be attending January's Metals Investor Forum (Jan 19th - 20th); you can register to attend in person or virtually here: https://web.cvent.com/event/5e63637b-aad5-4173-9d7f-4597e09555d0/summary
Some good coverage of WRLG which highlights the gold junior's strategic assets in the Red Lake Gold District and involvement from the legendary mining promoter and billionaire Frank Giustra.
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