West Red Lake Gold Mines Ltd (QB) (WRLGF) 시세

Latest Presentation: https://westredlakegold.com/wp-content/uploads/2025/02/2025.01.28.pdf

This Chart Buried in a Technical Report Reveals West Red Lake Gold's Potential Reserve Count in the Current Gold Environment

https://www.theglobeandmail.com/investing/markets/markets-news/TheNewswire.com/31138146/this-chart-buried-in-a-technical-report-reveals-west-red-lake-golds-potential-reserve-count-in-the-current-gold-environment/

Yesterday, West Red Lake Gold (WRLG.v WRLGF) closed an upsized $20M financing to accelerate development at its Madsen Mine, targeting Q2 gold production. Funds must be used in the ground & w/ ramp-up ongoing, the pay-off of the financing will likely be realized quickly. Full news summary + DD⬇️
https://www.reddit.com/r/wallstreetsmallcaps/comments/1iya2jn/west_red_lake_gold_wrlgv_wrlgf_secures_c20m/

West Red Lake Gold Intersects 114.26 g/t Au over 10.6m, 77.90 g/t Au over 3m and 24.48 g/t Au over 8.5m at South Austin - Madsen Mine
https://www.manilatimes.net/2025/02/26/tmt-newswire/globenewswire/west-red-lake-gold-intersects-11426-gt-au-over-106m-7790-gt-au-over-3m-and-2448-gt-au-over-85m-at-south-austin-madsen-mine/2062769

West Red Lake Gold (WRLG.v WRLGF) is advancing its Madsen Gold Mine toward Q2 2025 production, backed by strong PFS economics and a C$20M Charity Flow-Through financing closed today. Funds must be used in the ground & with ramp-up already ongoing, the short-term dilutional pain may be quickly eclipsed by its pay-off. Full news here: https://westredlakegold.com/west-red-lake-gold-announces-closing-of-upsized-20-million-bought-deal-public-offering/

*Posted on behalf of West Red Lake Gold Mines Ltd.

After investing $100M in upgrades, including 58,000m of drilling & multiple key mine improvements, West Red Lake Gold Mines (WRLG.v WRLGF) is set to restart gold production at the Madsen Mine this June and process a bulk sample in April.

Full DD & investor presentation summary here⬇️
https://www.reddit.com/r/PennyStocksCanada/comments/1iv522v/vric_2025_indepth_presentation_summary_west_red/

West Red Lake Gold Mines (WRLG.v WRLGF) is set to restart gold production at Madsen in June 2025, with first gold from a bulk sample expected in March. At VRIC 2025, VP of Communications Gwen Preston detailed the company’s $100M investment to fix past issues, including 58,000m of drilling and key infrastructure upgrades.

*Posted on behalf of West Red Lake Gold Mines Ltd.

Heliostar Metals (HSTR.v HSTXF) is rapidly advancing toward mid-tier gold production after adding 3.2M M&I oz, two producing mines (La Colorada & San Agustin) and two planned new production centers for US$15M.

Key 2025 milestones include:
- Restart of operations at La Colorada
- Continued leaching at San Agustin.
- Completion of the Creston Expansion Study at La Colorada
- Restart of mining at San Agustin.
- & Completion of the feasibility study for Ana Paula, paving the way for a construction decision.

The full investor presentation here: https://cdn.prod.website-files.com/60953869f570353f68d5ff0d/67a448f2bc131e4b88c6b407_20250205_Heliostar%20Corporate%20Presentation-.pdf

*Posted on behalf of Heliostar Metals Ltd.

West Red Lake Gold (WRLG.v WRLGF) is advancing towards gold production restart at its high-grade Madsen Mine. Today, WRLG upsized its financing to C$20M, supporting accelerated underground development & a smoother/more efficient production ramp-up. Full news⬇️
https://westredlakegold.com/west-red-lake-gold-announces-upsize-to-previously-announced-bought-deal-public-offering-2/

*Posted on behalf of West Red Lake Gold Mines Ltd.

West Red Lake Gold's (WRLG.v WRLGF) PFS for its near-production Madsen Gold Mine, highlights its $315M NPV, $70M avg. annual free cash flow, and 67.6k oz Au/year production potential. With ongoing exploration and gold prices now much higher than the PFS assumption, financial upside and resource expansion potential remain strong.
https://westredlakegold.com/west-red-lake-gold-announces-positive-pre-feasibility-study-results-for-madsen-gold-mine-with-315m-after-tax-npv-and-70m-average-annual-free-cash-flow/

*Posted on behalf of West Red Lake Gold Mines Ltd.

Yesterday, West Red Lake Gold (WRLG.v WRLGF) gave an update on its Madsen Gold Mine production readiness activities, highlighting its in-progress bulk sample, 80% complete connection drift, significantly accelerated underground development & mill which is set to restart this month. Full breakdown⬇️
https://www.reddit.com/r/Wallstreetbetsnew/comments/1ioxuui/west_red_lake_gold_wrlgv_wrlgf_provides/

West Red Lake Gold (WRLG.v WRLGF) announced today that gold production restart activities at its Madsen Mine are advancing, with a bulk sample program in progress, the connection drift 80% complete, and mill restart set for this month. + Underground development has accelerated, with over 20m/day in January. Full news here: https://westredlakegold.com/madsen-mine-site-update-bulk-sample-underway-connection-drift-80-complete-underground-development-and-facility-installs-progressing

*Posted on behalf of West Red Lake Gold Mines Ltd.

Madsen Mine Site Update: Bulk Sample Underway, Connection Drift 80% Complete, Underground Development and Facility Installs Progressing
https://markets.businessinsider.com/news/stocks/madsen-mine-site-update-bulk-sample-underway-connection-drift-80-complete-underground-development-and-facility-installs-progressing-1034354529

Cedarpoint Capital’s Tarik G. E. highlights West Red Lake Gold (WRLG.v WRLGF) as a top example of strong sponsorship in mining, backed by billionaire Frank Giustra.
https://www.linkedin.com/posts/tarik-g-e-26a93015_mining-stocks-activity-7292969177454129153-qXwz

WRLG is advancing its Madsen Gold Project toward gold production restart, with milling set for March and full ramp-up by June🥇💥⛏️ *Posted on behalf of West Red Lake Gold Mines Ltd.

WRLG.v WRLGF plans production restart at its Madsen Gold Project w/ initial milling in March & full ramp-up by June. WRLG also aims to expand resources by incorporating high-grade additional zones, w/ drilling planned. +Gold prices far exceeding WRLG's $2.2k/oz PFS assumption boost economics. More⬇️
https://www.reddit.com/r/wallstreetsmallcaps/comments/1iipf13/west_red_lake_gold_mines_wrlgv_wrlgf_targets/

West Red Lake Gold Mines (WRLG.v WRLGF) advances its Madsen Project toward mid-2025 gold production as gold hits new ATH, far above WRLG's $2,200/oz PFS assumption. The Fork Deposit, a high-grade satellite zone, is now a priority for 2025 drilling to expand resources near Madsen’s infrastructure. More⬇️
https://westredlakegold.com/west-red-lake-gold-envisions-high-grade-underground-satellite-at-fork-deposit-madsen-property/

*Posted on behalf of West Red Lake Gold Mines Ltd.

West Red Lake Gold Mines (WRLG.v WRLGF) targets mid-2025 gold production at its past-producing Madsen Gold Project.

With gold reaching prices >$600 above Madsen's conservative PFS price, project economics are strengthening. Milling is set to begin in March w/ consistent gold production by June. Full interview summary here⬇️
https://www.reddit.com/r/Wealthsimple_Penny/comments/1ietzxv/west_red_lake_gold_mines_wrlgv_wrlgf_targets/

Gwen Preston, VP of Communications at West Red Lake Gold Mines (WRLG.v or WRLGF for US investors) recently highlighted company’s progress at the Madsen Gold Mine, emphasizing how consistently high gold prices could enhance project economics. Yesterday, Gold hit an all-time high of $2,798.50 per ounce, significantly surpassing the $2,200/oz price used in WRLG’s Pre-Feasibility Study (PFS).

The PFS outlines a 70,000-ounce annual production target over a seven-year mine life, generating nearly $400 million in post-tax free cash flow at $2.2k gold with a 255% internal rate of return. WRLG anticipates that actual production could exceed the 70,000-ounce estimate, as the company plans to incorporate additional mineralized zones, optimize operations & continue exploration to maximize output.

Preston confirmed that mining has already begun, with ore being stockpiled ahead of milling, which is set to begin in March 2025. By June, the mine will be processing on a regular basis and producing gold consistently. The mine will then continue ramping up throughout the year to reach its mine plan targets.
*Posted on behalf of West Red Lake Gold Mines Ltd.

West Red Lake Gold Mines (WRLG.v WRLGF) CEO Shane Williams recently detailed the new Madsen Gold Mine pre-feasibility study (PFS) and plans for a 2025 production restart. Based on a conservative USD $2,200/oz gold price and accounting for only four of the project’s seven known deposits, the PFS forecasts 70,000 oz/year of gold over 7 years, generating $400M in post-tax free cash flow. More⬇️
https://www.proactiveinvestors.com/companies/news/1064605/west-red-lake-gold-mines-ceo-discusses-madsen-mine-pre-feasibility-study-and-next-steps-at-vric.html

*Posted on behalf of West Red Lake Gold Mines Ltd.

West Red Lake Gold Intersects 45.70 g/t Au over 3.85m, 50.99 g/t Au over 3m and 8.75 g/t Au over 16m at McVeigh - Madsen Mine
By GlobeNewswire
January 20, 2025

https://www.manilatimes.net/2025/01/20/tmt-newswire/globenewswire/west-red-lake-gold-intersects-4570-gt-au-over-385m-5099-gt-au-over-3m-and-875-gt-au-over-16m-at-mcveigh-madsen-mine/2041402

How the 8-Zone Could Deliver Transformational Growth
By Shane Williams

President and Chief Executive Officer of WRLG

In the last year we have conducted successful drill programs at the Rowan deposit (including 70.8 grams/tonne gold over 8.3 meters) and the Madsen deposit (including 47.44 grams/tonne gold over 3.2 meters).

Madsen currently has resources defined down to depths of over one kilometer. That sounds deep, but the Red Lake District is known for high-grade gold veins that typically get thicker at lower depths.

The discovery of a deep +15 g/t zone can radically change the production profile of a mine.

For instance, Newmont Goldcorp/Evolution’s Red Lake Mine produced 58,875 ounces of gold @ 8.1 g/t in 1995. The next year, they discovered a high-grade gold zone at 1,400 meters depth. By 2004, the Red Lake Mine was producing 552,000 ounces of gold @ 77.1 g/t.

Similar transformational growth occurred at Kirkland/Agnico Eagle’s Macassa Mine in Ontario. Average annual production was 31,000 ounces of gold @ 11.2 g/t gold in the 2000’s. Then they discovered the deep high-grade SMC deposit. By 2018, annual production at Macassa was 240,126 ounces of gold @ 21.6 g/t.

We are starting to focus on a potentially transformative area of Madsen called the “8-Zone”. It sits at 1,300 meters depth, at the bottom of the existing shaft. We believe this may be a rich gold zone, analogous to the discoveries that transformed the production profiles of the Red Lake and Macassa mines.

Red Lake is famous for its high-grade narrow gold veins. About a billion years ago, when the molten gold came up through cracks in the rock, it would occasionally hit a softer area of rock. So instead of narrow veins, you get a pooling of the metallic fluids.

Pure Gold did a limited amount of drilling in the 8 Zone. A strike length of 130 meters was established. The assays returned intercepts of 4.3 meters @ 466 g/t gold, 5.5 meters @ 342 g/t gold and 8.2 meters @ 120 g/t gold.

Pure Gold was forced to drill the 8-Zone from the surface, which was not efficient. We’re going to fix that problem by extending a ramp downward, so that we can drill closer to the target, with better accuracy and more useful angles.

If the 4.3 meters @ 466 g/t gold intercept is representative of further mineralisation, it could be transformative for West Red Lake Gold. This would not require upgrades to our infrastructure. The existing mill and tailings facility could handle an additional low-tonnage high-grade feed. Our fixed costs wouldn’t change much. It would be a kicker to the bottom line.


Given the geology of the Red Lake Camp, this 1,300-meter 8-Zone deposit could go much deeper than 1,300 meters. In the same gold camp, Evolution is mining at 3,000 meters depth. We are eager to find out how deep the 8-Zone goes.

There is a lot of work to be done on the 8-zone before we can make a confident projection about the economics. The metal is in a different rock type and we would need to upgrade the shaft. There is already a small indicated resource of 87,700 oz at 18 g/t gold. We intend to do the drilling and engineering work because rock that rich is rare and valuable.

WRLG seems to be very conservative on their estimates and goals and predictions (unlike its predecessors). I have always liked this project and believe the potential is much better than made apparent at this point.

West Red Lake Gold Announces Positive Pre-Feasibility Study Results for Madsen Gold Mine
https://westredlakegold.com/west-red-lake-gold-announces-positive-pre-feasibility-study-results-for-madsen-gold-mine-with-315m-after-tax-npv-and-70m-average-annual-free-cash-flow/

Latest Presentation: https://westredlakegold.com/wp-content/uploads/2024/11/2024.11.15-final-main.pdf

This project was rushed and mishandled by the previous owners. I have followed the Madsen project for quite a while, and believe the potential has barely been touched at this point, but that is only my opinion. I also like the fact that the rowan property is near by. I am anxious to see how this shapes up.

https://westredlakegold.com/news/
December 10, 2024
West Red Lake Gold Envisions High-Grade Underground Satellite at Fork Deposit – Madsen Property
West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF) is pleased to provide an update on the Company’s interpretation and vision for the Fork Deposit (“Fork”) at its 100% owned Madsen Property located in the Red Lake Gold District of Northwestern Ontario, Canada.

The Fork deposit currently contains an Indicated mineral resource of 20,900 ounces (“oz”) grading 5.3 grams per tonne (“g/t”) gold (“Au”), with an additional Inferred resource of 49,500 oz grading 5.2 g/t Au.

WRLG has recently completed a re-evaluation of the Fork deposit and has recognized a shallow, high-grade, low-plunging zone of gold mineralization that is located approximately 250 meters (“m”) southwest from existing underground development at Madsen.

The zone trends north-south and has been defined by previous drilling over an area of 400m by 250m and shows potential for further expansion along strike to the south. Average thickness of the zone is conservatively estimated at approximately 2m based on existing core length intercepts.

The shallow nature of this target will allow for systematic and efficient infill and expansion drilling from surface with holes averaging 150-250m depth. Fork will be a priority drill target for WRLG in 2025.

FORK DRILLING HIGHLIGHTS (HISTORIC):

Hole RUM-08-49 Intersected 13.05m @ 13.97 g/t Au, from 107.65m to 120.7m, Including 3.63m @ 30.79 g/t Au, from 110.37m to 114.00m, Also including 1.97m @ 32.55 g/t Au, from 118.73m to 120.70m.
Hole PDM04-318 Intersected 9.3m @ 8.14 g/t Au, from 128.1m to 137.4m, Including 0.7m @ 85.70 g/t Au, from 128.1m to 128.8m, Also including 0.6m @ 21.3 g/t Au, from 136.8m to 137.4m.
Hole RUM-08-68 Intersected 1.3m @ 50.48 g/t Au, from 95.7m to 97.0m, Including 0.2m @ 169.09 g/t Au, from 95.8m to 96.0m, Also including 0.4m @ 53.27 g/t Au, from 96.2m to 96.6m.
Hole PG14-011 Intersected 3.5m @ 17.18 g/t Au, from 152.5m to 156.0m, Including 1.6m @ 33.80 g/t Au, from 154.4m to 156.0m.
Shane Williams, President and CEO, stated, “What was once considered a somewhat broad, intermediate-grade portion of the satellite resource inventory at Madsen, Fork has now been re-envisioned as a high-grade near-mine resource expansion target that will be a top priority for the exploration team in 2025. The shallow nature of this target will allow for rapid advancement through surface definition drilling and, with its proximity to existing underground development, it’s not difficult to see a path forward for Fork making its way into the production pipeline at Madsen. This strategy is directly in-line with WRLG’s hub-and-spoke model for Madsen as we continue to evaluate and advance additional high-grade gold opportunities within the Red Lake district.