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Red Lake Gold Inc. Engages ProspectAir for a TDEM Exploration Survey at Whirlwind Jack
(TheNewswire) Vancouver, British Columbia - TheNewswire - July 20, 2023 - Red L...
About this update from Red Lake Gold Inc
[{"type":"text","content":"Red Lake Gold Inc. Engages ProspectAir for a TDEM Exploration Survey at Whirlwind Jack\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, British Columbia -\n \n \n TheNewswire -\n \n \n July 20, 2023 -\n \n \n Red\nLake Gold Inc.\n \n \n (CSE:RGLD)\n \n \n (“\n \n \n Red Lake Gold\n \n \n ” or\nthe \"\n \n \n Corporation\n \n \n \") is pleased to announce that\nit has contracted ProspectAir Geosurveys to perform a magnetic and\ntime-domain electromagnetic survey (the “TDEM Exploration Survey”)\nover a priority block of its Whirlwind Jack project in the Red Lake\nregion of Northwestern Ontario. The prioritized area for the TDEM\nExploration Survey is next to the neighbouring project being advanced\nby Kinross Gold Corporation.\n \n \n \n \n The Red Lake Airport will serve as the base of\noperation for the TDEM Exploration Survey.\n \n \n \n \n “Having earlier this year achieved uncontested\noperatorship of the Whirlwind Jack project, we are excited to resume\nexploration. We believe that the TDEM survey will contribute important\nexploration data to vector field exploration, help minimize\nforward-moving surface impacts and make our advancement of Whirlwind\nJack as cost-efficient as possible all while being in alignment with\nthe retention objective of our compelling share structure. Despite\nrecent market conditions and macro-events, we have been patient and\ndiligent to sustain not only core project areas at Whirlwind Jack but\nalso our capital structure, with our continued goal being to deliver\nimpactful project exposure on a per share basis. Red Lake Gold is one\nof the few junior exploration companies in its immediate area that has\nbeen able to keep a stable capital structure and project-level\ninterest which bolsters our company’s view that its substantively\nundiluted opportunity set remains significant. We look forward to\nreviewing the TDEM survey results once received and communicating our\nfuture plans as they develop at Whirlwind Jack to our fellow\nshareholders,” noted Ryan Kalt, Chief Executive Officer of Red Lake\nGold.\n \n \n \n \n The TDEM Exploration Survey will be funded using\nproceeds of the Corporation’s flow-through financing which closed\nearlier this month (see news rel...