This week, Shane Williams, President & CEO, set down with CEO.CA 🔺to discuss gold recovered from the recent mill cleanup, 2024 work program, and use of gold-back notes in our last financing. WATCH: https://lnkd.in/gzGxvEzh TSXV: WRLG 🇨🇦 OTCQB: WRLGF 🇺🇸
About us
West Red Lake Gold Mines Ltd. (TSXV: WRLG; OTCQB: WRLGF) is a mineral exploration company that is publicly traded and dedicated to creating value for its shareholders by discovering new gold mines in the highly productive Red Lake Gold District of Northwest Ontario, Canada. This district has yielded 30 million ounces of gold from high-grade zones and hosts some of the world's richest gold deposits. WRLG holds an extensive property position spanning 3,100 hectares in West Red Lake, including three former gold mines - Rowan, Mount Jamie, and Red Summit. The Rowan Project covers a 12-km strike length along the Pipestone Bay St. Paul Deformation Zone and WRLG plans to continue exploring this property along strike and to depth in 2023.
- Website
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http://www.westredlakegold.com
External link for West Red Lake Gold Mines Ltd.
- Industry
- Mining
- Company size
- 2-10 employees
- Headquarters
- Vancouver, BC
- Type
- Public Company
Locations
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Primary
Suite 3123 - 595 Burrard Street
Vancouver, BC V7X 1J1, CA
Employees at West Red Lake Gold Mines Ltd.
Updates
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It was an honor to share the incredible journey of West Red Lake Gold Mines and talk gold at this week’s 2024 CG Global Metals & Mining Conference in Palm Desert, California. Shane Williams, President & CEO, had a fruitful week meeting with major North American institutions and funds. TSXV: WRLG 🇨🇦 OTCQB: WRLGF 🇺🇸
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Shane Williams, President and CEO of West Red Lake Gold Mines joins Shad Marquitz, Host of KE Report, to review Madsen mill cleanup and gold recovery. They also get into an exploration update at the Madsen and Rowan properties, and basic roadmap to development and an eventual mine restart. LISTEN: https://lnkd.in/ga6cVvRT TSXV: WRLG 🇨🇦 OTCQB: WRLGF 🇺🇸
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NEWS — May 7, 2024: West Red Lake Gold Mines Intersects 21.33 g/t Au over 3.1m and 6.75 g/t Au over 9m at South Austin Zone – Madsen Mine READ: https://lnkd.in/gHhEUeuc TSXV: WRLG 🇨🇦 OTCQB: WRLGF 🇺🇸
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NEWS — May 2, 2024: West Red Lake Gold Unlocks Significant Value from Madsen Mill Cleanup READ: https://lnkd.in/g3H3uqiX TSXV: WRLG 🇨🇦 OTCQB: WRLGF 🇺🇸
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On May 7-9, West Red Lake Gold's President & CEO, Shane Williams, will attend Canaccord Genuity - Global Capital Markets 3rd Annual Global Metals & Mining Conference in La Quinta, California. We invite you to attend his stage presentation on May 8 at 3:15pm in Track 1 (panel: Superior (Province) Gold Potential in Quebec and Ontario.) We look forward to seeing you there! TSXV: WRLG 🇨🇦 OTCQB: WRLGF 🇺🇸
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NEWS — April 29, 2024: West Red Lake Gold Outlines 2024 Regional Exploration Strategy for Madsen and Rowan READ: https://lnkd.in/gyeM2z4D TSXV: WRLG 🇨🇦 OTCQB: WRLGF 🇺🇸
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This week, West Red Lake Gold's President & CEO, Shane Williams, sat down with Rick Rule for a pre-Rule Symposium 2024 Q&A. WATCH: https://lnkd.in/gyYmHutB TSXV: WRLG 🇨🇦 OTCQB: WRLGF 🇺🇸
2024 Rule Symposium Preview - West Red Lake Gold Mines
https://www.youtube.com/
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NEWS — April 18, 2024: West Red Lake Gold Intersects 68.36 g/t Au over 1.1m and 13.83 g/t Au over 3.95m at South Austin Zone – Madsen Mine READ: https://lnkd.in/gZPuJ6mw TSXV: WRLG 🇨🇦 OTCQB: WRLGF 🇺🇸
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Gold-Linked Note Financing Explained A gold-linked note is a type of financial instrument where the return or payment is linked to the price of gold. It's often used for financing purposes, providing investors with exposure to gold prices while offering issuers a way to raise funds. The benefits include diversification, inflation protection, and potential for higher returns if gold prices rise. Additionally, it can be a hedge against currency depreciation or economic uncertainty. At the beginning of April, West Red Lake Gold announced the closing of the final tranche of the private placement of gold-linked notes. “The gold-linked notes are an unusual but innovative financing structure. The key advantage of this structure is that in depressed equity markets, it allows us to raise money with minimum share dilution. We evaluated 4-5 different financing options and found the gold-linked notes to be the best option for our existing shareholders,” explains Harpreet Dhaliwal, CFO. TSXV: WRLG 🇨🇦 OTCQB: WRLGF 🇺🇸