West Red Lake Gold Mines Ltd. announced today that, as a result of a review by the British Columbia Securities Commission, the Company is issuing the following news release to clarify certain information. In an email circulated on behalf of the Company, certain disclosure was made regarding mineral reserves. The Company retracts such statements and [...]
Global Stocks News - In a press release dated May 7, 2024, West Red Lake Gold Mines reported drill results, focused on the high-grade South Austin Zone at its Madsen project in Ontario, Canada. WRLG's flagship asset - The Madsen Gold Mine was targeted for acquisition by Canadian philanthropist and financier Frank Giustra who formed Wheaton River [...]
West Red Lake Gold Mines is pleased to announce that it has amended its previous agreement with Raymond James Ltd. as sole bookrunner, on behalf of a syndicate of underwriters, pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis, 27,778,000 units and 11,236,000 charity-flow through units of the Company at a price of [...]
West Red Lake Gold is pleased to announce that it has entered into an agreement with Raymond James Ltd. as sole bookrunner, on behalf of a syndicate of underwriters, pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis, 27,778,000 units and 11,236,000 charity-flow through units of the Company at a price of C$0.72 per [...]
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 are focused on the high-grade South Austin Zone. The South Austin zone currently contains an Indicated mineral resource of 474,600 [...]
In a press release dated May 2, 2024, West Red Lake Gold Mines revealed that, during a ball mill cleanup, it recovered 415 troy ounces of gold worth about $750,000. Click Image To View Full Size Above photograph of sample concentrate material with coarse visible gold collected as part of the cleanup program. It is anticipated that WRLG may recover [...]
West Red Lake is pleased to report on progress of its ongoing Madsen mill cleanup and gold recovery program at its 100% owned Madsen Mine. The Company carried out a preliminary phase of the Gold Recovery Program in late 2023 that recovered 415 troy ounces of gold with proceeds of approximately $750,000. Based on the significant amount of gold [...]
West Red Lake Gold Mines is pleased to announce its 2024 strategy for regional exploration activities across its 100% owned Madsen and Rowan Propertie. HIGHLIGHTS: Regional mapping and geochemical sampling at Madsen with a focus on the Confederation Assemblage of rocks, which has seen very little exploration work since 2014. Expected to commence in [...]
West Red Lake announces an updated Mineral Resource Estimate effective as of March 1, 2024, on its 100% owned Rowan Mine Deposit. Indicated resources of 476,323 tonnes grading 12.78 grams per tonne gold, for a total of 195,746 ounces Au. Inferred resources of 410,794 tonnes grading 8.76 g/t Au, for a total of 115,719 oz Au. KEY TAKEAWAYS: The 2024 [...]
In a press release dated April 18, 2024, West Red Lake Gold Mines reported drill results from its 100% owned Madsen Mine in Ontario. The drill results featured in the April 18 PR were focused on the high-grade South Austin Zone, which currently contains an Indicated mineral resource of 474,600 ounces @ 8.7 grams per tonne gold, with an additional [...]
West Red Lake Gold Mines is pleased to report drill results from its 100% owned Madsen Mine. 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 g/t gold, with an additional Inferred resource of 31,800 oz grading 8.7 [...]
In a press release dated April 4, 2024, West Red Lake Gold Mines announced that it 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, equivalent to about $37 million CAD. "Gold-linked Notes are a type of equity-based structured note," states DBS Treasures [...]
