West Red Lake Gold Mines Ltd. is pleased to announce that it has closed its previously announced public offering of 31,944,700 units and 11,236,000 charity-flow through units of the Company at a price of C$0.72 per Unit and C$0.89 per Charity Flow-Through Unit, respectively, for aggregate gross proceeds to the Company of C$33,000,224 million, including the full exercise of the over-allotment option. The Offering was led [...]
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 any other disclosure that suggests the Madsen property has mineral [...]
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 Minerals which was sold to Newmont for USD $10 billion in 2019. The Madsen [...]
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 C$0.72 per Unit and C$0.89 per Charity Flow-Through Unit , respectively [...]
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 Unit and C$0.89 per Charity Flow-Through Unit , respectively, for [...]
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 ounces grading 8.7 grams per tonne gold , with an additional Inferred resource [...]
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 2,500 oz of gold from the clean up, worth a total of USD $5.75 million [...]
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 recovered during the initial investigation, a second and more comprehensive [...]
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 May 2024. Up to 15,000m of surface drilling to be completed at the Rowan [...]
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 MRE has added a significant portion of higher confidence Indicated ounces [...]
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 Inferred resource of 31,800 oz @ 8.7 g/t Au. The purpose of this drilling [...]
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 g/t Au. The purpose of this drilling was definition within South Austin to [...]
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