West Red Lake Gold Mines is pleased to announce the arrival of a second underground diamond drill at its 100% owned Madsen Mine. In response to the recent drilling success at the newly defined North Austin zone, a second diamond drill has been added at Madsen to continue growing and de-risking this high-priority, near-mine resource area. Based on positive results from recent underground drilling programs at Madsen, two [...]
West Red Lake Gold Mines is pleased to announce that, further to its news releases of February 27, 2024, March 1, 2024, and March 20, 2024, the Company has closed a second and final tranche of its private placement of gold linked notes, bringing the total value of Notes issued to US$27,165,631. The Company issued an additional 1,924 units under the Second Tranche, at a price of US$1,000 per Offering Unit, for gross [...]
West Red Lake Gold Mines Ltd. is pleased to announce that further to its news releases of February 27, 2024 and March 1, 2024, the Company has closed US$22,340,000 of its gold linked notes offering. The Company issued 22,340 units, at a price of US$1,000 per Unit for gross proceeds of US$22,340,000. Each Unit contains gold-linked notes in the aggregate principal amount of US$1,000 and 710 common share purchase warrants [...]
West Red Lake Gold Mines Ltd. is pleased to report drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada. The drill results featured in this news release were focused on the high-grade South Austin Zone, which currently contains an Indicated mineral resource of 474,600 ounces grading 8.7 grams per tonne gold , with an additional Inferred resource of 31,800 oz [...]
West Red Lake Gold Mines Ltd. is pleased to announce that, due to strong demand, it has agreed with Raymond James Ltd. as lead agent, on behalf of a syndicate of agents, to increase the size of its previously announced private placement of units to US$23,000,000 from US$20,000,000. The Agents will have the option to sell up to an additional 15% of the Units offered, exercisable, in whole or in part, at any time up to 48 [...]
West Red Lake Gold Mines Ltd. is pleased to announce that it has entered into an agreement with Raymond James Ltd. to act as sole bookrunner and lead agent, on behalf of a syndicate of agents, in connection with a marketed "best efforts" private placement of units of the Company at a price of US$1,000 per Unit for gross proceeds of US$20,000,000. The Agents will have the option to sell up to an additional 15% of the Units [...]
West Red Lake Gold Mines Ltd. is pleased to announce that it has been recognized by the TSXV a 2024 Top 50 Company in the Mining category. The 2024 TSX Venture 50 highlights the strongest performances on the TSX Venture Exchange over the last year. Comprised of ten companies from each of five industry sectors, Mining, Energy, Clean Technology & Life Sciences, Diversified Industries and Technology, the ranking recognizes [...]
West Red Lake Gold Mines Ltd. is pleased to report drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario. This round of drill results from the Madsen Mine were all drilled from underground on the North Austin Zone, which represents a new area of high-grade mineralization extending the current Madsen resource to the northeast. This program was designed for expanding the [...]
West Red Lake Gold Mines Ltd. is pleased to report final drill results from the 2023 drilling campaign at its 100% owned Rowan Property. The Rowan drill holes highlighted in this news release were focused on infilling gaps in the geologic model between the East and West Zones, as well as infill and expansion at depth on the West Zone ore shoot. Most of the historic production at the Rowan Mine was from the West ore shoot [...]
West Red Lake Gold Mines Ltd. is pleased to announce the results of its annual general meeting of shareholders held on December 15, 2023. The Company elected seven directors to its board, namely, Tom Meredith, Shane Williams, Anthony Makuch, Duncan Middlemiss, Hugh Agro, John Heslop, and Susan Neale. The shareholders approved all other matters as proposed, including the appointment of MNP LLP, Chartered Professional [...]
West Red Lake Gold Mines Ltd. is pleased to report drill results from its 100% owned Madsen Mine located in the prolific Red Lake Gold District of Northwestern Ontario, Canada. The drill results featured in this news release were focused on the high-grade South Austin Zone, which currently contains an Indicated mineral resource of 474,600 ounces grading 8.7 grams per tonne gold , with an additional Inferred resource of [...]
West Red Lake Gold Mines Ltd. is pleased to announce that, further to an unsecured convertible promissory note dated August 24, 2023 in the amount of US$5,533,094 for deferred consideration related to the acquisition of Pure Gold Mining Inc. between the Company and a fund managed by Sprott Resource Lending Corp, the Company has received A Conversion Election Notice from Sprott to convert US$2,631,463 of the Obligations [...]
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