West Red Lake Gold (WRLG.V) CEO Message Part 3: Existing Infrastructure at the Madsen Mine

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[{"type":"text","content":"West Red Lake Gold (WRLG.V) CEO Message Part 3: Existing Infrastructure at the Madsen Mine\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 September 19, 2023 - TheNewswire -\nGlobal Stocks News - West Red Lake Gold Mines\n \n \n (TSXV:WRLG)\n \n \n (OTC:WRLGF)\n \n CEO Shane Williams has\nsent part three of seven communications to WRLG shareholders.\n \n \n \n \n \n \n \n \n CEO Message Part 3:\n \n \n Existing Infrastructure at\n \n \n West Red Lake Gold Mines\n \n \n \n \n By Shane Williams\n \n \n \n \n Thank you for your interest in West Red Lake Gold Mines\n(WRLG.V). This is the Part 3 of seven messages I am sending to WRLG\nshareholders. Today I want to discuss the existing infrastructure at\nthe Madsen mine.\n \n \n \n \n In mining circles, “existing infrastructure” can\nmean a logging road, a plywood core-shack, a rusted ball mill or a\ncapsized Porta-potty.\n \n \n \n \n The West Red Lake Gold Mines’ situation is a bit\ndifferent. We inherited a modern, fully permitted, virtually-unused\nmining facility which includes underground equipment, double ramp\naccess, a 1,273-metre-deep shaft, expandable 800+ tonne per day mill,\nexcess tailings capacity and a water treatment plant. [\n \n \n \n \n 1\n \n \n \n \n .}\n \n \n \n \n The mill achieves 95% gold recovery\n \n \n [\n \n \n \n \n 2\n \n \n \n \n }. The tailings pond and water treatment are regularly\ninspected and pass with flying colours. Last month I was on site with\nthe Ontario Minister of Mines – a former executive at Placer Dome.\nHe is very supportive of the project.\n \n \n \n \n It’s difficult to put an exact price tag (value) on\nthe existing infrastructure. The mill itself cost approximately $100\nmillion. With rampant inflation in construction, the replacement cost\nwould be significantly higher. But the biggest benefit of the\npermitted existing infrastructure is the effect on production\ntimelines.\n \n \n \n \n The permitting process can take ten years.\n \n \n \n \n We have challenges to overcome, but in my opinion, the\nmodern, debt-free, permitted infrastructure has significantly\nde-risked this project.\n \n \n \n \n Next in Part 4 of my message to shareholders, I will\ntell you about the resource expansion potential at Madsen.\n \...

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