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West Red Lake Gold Mines

TSXV:WRLGLive AI agent

West Red Lake Gold Mines Ltd.

Investor website: https://westredlakegold.com/

About

West Red Lake Gold Mines Ltd. is a Canadian gold producer and developer advancing a high-grade, district scale opportunity in the Red Lake district of Ontario. The Company’s flagship Madsen Mine has recently achieved commercial production and is positioned as the central hub of a growing multi asset platform. The Company controls a 47 km² land package in one of the world’s most prolific mining districts, which has historically produced over 20 million ounces of gold from high grade systems. West Red Lake also owns the Rowan Property in Red Lake, covering 31 km² that includes three past producing mines (Rowan, Mount Jamie and Red Summit) and represents a key source of future production growth. Looking ahead: West Red Lake plans to complete an updated Prefeasibility Study in 2026 currently proposed to combine Madsen and the second past producing asset, Rowan demonstrating the growth potential in the region.

Verified company data

Cash position
$35,917,000
Shares outstanding
412,959,642
Fully diluted shares
554,515,256
Mineral resource
West Red Lake Gold’s Rowan Property presently hosts a National Instrument 43-101 (“NI 43-101”) Inferred Mineral Resource of 2,790,700 t at an average grade of 9.2 g/t Au containing 827,462 ounces of gold with a cut-off grade of 3.8 g/t Au (NI 43-101 Technical Report, entitled “Technical Report and Resource Estimate on the West Red Lake Project” authored by John Kita, P.Eng., dated December 13, 2022 and filed December 30, 2022 on www.sedarplus.ca). The Inferred Mineral Resource is located in the area of the historic underground Rowan Mine site and situated within a 1.8 km strike length portion of the regional scale Pipestone Bay St Paul Deformation Zone.
Projects
["West Red Lake Gold Mines Ltd. is a Canadian gold producer and developer advancing a high-grade, district scale opportunity in the Red Lake district of Ontario. The Company’s flagship Madsen Mine has recently achieved commercial production and is positioned as the central hub of a growing multi asset platform. The Company controls a 47 km² land package in one of the world’s most prolific mining districts, which has historically produced over 20 million ounces of gold from high grade systems. West Red Lake also owns the Rowan Property in Red Lake, covering 31 km² that includes three past producing mines (Rowan, Mount Jamie and Red Summit) and represents a key source of future production growth."]
Leadership
Shane Williams (President & Chief Executive Officer), Jaclyn Ruptash (Vice President, Communications, Over 20 years of experience in the resources sector, specializing in investor relations and corporate communications.), Harpreet Dhaliwal (Chief Financial Officer, CPA, CA with 16 years of experience in the resource sector, previously CFO at NexGen Energy Ltd.), Hugh Agro (Director, B.Sc., MBA, P.Eng. with over 35 years of leadership experience in the mining industry, currently President & CEO of Revival Gold Inc.)

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