Sponsored content disseminated on behalf of West Red Lake Gold. On November 21, 2024 West Red Lake Gold Mines reported additional drill results that define a new ore shoot at the Upper 8 Target following up on the October 2, 2024 intercepts of 44.17 g/t Au over 1.3 meters and 20.63 g/t Au over 0.5 meters. West Red Lake Gold Mines is currently working towards a restart at the Madsen Gold Mine in the Red Lake Gold District [...]
West Red Lake Gold Mines is pleased to report additional drill results from the Upper 8 Target at its 100% owned Madsen Property. These results follow-up on the significant Upper 8 intercepts previously announced on October 2, where drilling returned 44.17 g/t Au over 1.3 m and 20.63 g/t Au over 0.5m. UPPER 8 HIGHLIGHTS: Hole WRL24-017 Intersected 1.5m @ 21.44 g/t Au, from 297.7m to 299.2m, Including 0.5m @ 52.17 g/t Au [...]
Global Stocks News - Sponsored content disseminated on behalf of West Red Lake Gold. On October 31, 2024 West Red Lake Gold Mines reported on its restart readiness activities at the Madsen Mine project in Red Lake, Ontario. On November 1, 2024 West Red Lake Gold VP Investor Relations Gwen Preston, published a video address giving context to the mine restart activities. "Let me run you through the things that we discussed [...]
West Red Lake Gold Mines Ltd. is pleased to provide an update on restart readiness activities at the Madsen Mine project in Red Lake, Ontario. "Advancing multiple projects and goals simultaneously in preparation for restart means the Madsen Mine site is a busy place," said Shane Williams, President and CEO. "The tailings dam lift is now complete and came in ahead of schedule and under budget, which is a great example of [...]
West Red Lake Gold Mines is pleased to announce that it has closed its previously announced public offering of 41,666,800 units of the Company at a price of C$0.69 per Unit, for aggregate gross proceeds to the Company of C$28,750,092, including the full exercise of the over-allotment option. The Offering was led by Raymond James Ltd., as sole underwriter and bookrunner . Each Unit is comprised of one common share of the [...]
West Red Lake Gold Mines is pleased to announce, it has agreed with Raymond James, to increase the size of its previously announced bought-deal financing. West Red Lake will now issue 36,232,000 units of the Company at a price of C$0.69 per Unit for gross proceeds of C$25,000,080. Each Unit is comprised of one common share and one common Share purchase warrant. Each Warrant will entitle the holder thereof to purchase one [...]
West Red Lake Gold Mines is pleased to announce that the Company has secured commitments totaling in excess of C$68 million to finance the restart of its Madsen Gold Mine . Madsen remains on track to recommence production in 2025. The financing package is comprised of the following: US$35 million loan facility with Nebari Natural Resources Credit Fund II, LP bearing interest of SOFR plus 8% with a term of 42 months. A [...]
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, 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 report initial drill results from the Upper 8 Target from its 100% owned Madsen Property located in the Red Lake Gold District of Northwestern Ontario, Canada. The drill results featured in this news release are focused on the Upper 8 target, which is a shallower geologic analog to the well known high-grade 8-Zone. The Upper 8 target is hosted within the same lithologic unit [...]
West Red Lake Gold Mines acknowledges those who were lost and those who survived residential schools, as well as their families and communities. Through implementing the Truth and Reconciliation Corporate Calls to Action, the Company is striving to be a leader in economic reconciliation. "Actively working to see the truth of Canada's treatment of First Nations and finding ways to reconcile and heal are essential and we [...]
West Red Lake Gold is pleased to announce a Town Hall meeting in Red Lake to engage with community members about the Company's plans at the Madsen Mine and to recruit new employees. West Red Lake Gold aims to restart the Madsen Mine in 2025. In preparation, the Madsen site is very active: underground there are 2 to 3 development crews active at all times alongside 2 definition drill rigs, while on surface there are [...]
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, 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 [...]
+2900,00 %
-97,14 %
