[Video Enhanced] West Red Lake Gold PFS Projects 255% Internal Rate of Return (IRR)

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[{"type":"text","content":"[Video Enhanced] West Red Lake Gold PFS Projects 255% Internal Rate of Return (IRR)\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\n\n\n\n\n Vancouver, BC –\n \n\n TheNewswire\n-\n \n\n January 9, 2025 – Sponsored content\ndisseminated on behalf of West Red Lake Gold. On January 7, 2025, West\nRed Lake Gold Mines (TSXV: WRLG) (OTCQB: WRLGF) announced\n \n\n\n the results of the long-awaited\nPre-Feasibility Study (PFS)\n \n\n\n just prior the\nscheduled mid-2025 restart of its 100% owned Madsen Mine located in\nnorthwestern Ontario, Canada.\n \n\n\n\n This document is like a panoramic video taken at the\nstarting blocks of a 5K run. It is not a photo of the runner crossing\nthe finish line.\n \n\n\n\n The PFS is based on a small fraction of the 1.7 million\nindicated ounces that exist at the project, of which 1.2 million\ncurrently remain outside the reserve count.\n \n\n\n\n President and CEO Shane Williams has designed, built\nand operated mines (open pit and underground) in Greece, Turkey and\nCanada - for Skeena Resources, Eldorado Gold and Rio Tinto.\n \n\n\n\n “I see a major opportunity here to establish a\nsignificant mining company,” said President and CEO Shane Williams\non June 6, 2023, in\n \n\n\n his first statement as\nCEO\n \n\n\n .\n \n\n\n\n “We will expand and de-risk the Company’s assets\nthrough comprehensive and modern techniques,” added Williams.\n \n\n\n\n Nineteen months later, the Madsen Mine is on the verge\nof re-opening. According to the conservative PFS, the mine will\ngenerate $70 million/year in free cash flow @ USD$2,200/ounce gold\n($400/ounce lower than the current price).\n \n\n\n\n In this January 8, 2024 video Gwen Preston, VP of\nCommunications for WRLG breaks down the significance of the PFS.\n[Figures are in Canadian dollars, unless otherwise stated].\n \n\n\n\n\n\n\n\n\n\n\n\n “This PFS outlines a strong economic mine,” stated\nPreston in the video. “But we think\n \n\n the PFS plan is only the start of what we\nwill eventually mine at Madsen\n \n\n .\n \n\n\n\n “Let’s talk about those strong PFS numbers. This\nmine will tap a reserve\n \n\n averaging 8.2 g/t gold\n \n\n to\n \n\n produce approximately 70,000 oz. gold a\nyear\n \n\n over 6 full production years, within ...

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