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West Red Lake Gold (WRLG.V) hits 5.5 Meters @ 25.12 g/t as U.S. Federal Debt Goes up $1 Trillion Every 100 Days
(TheNewswire) March 12, 2024 – TheNewswire – Global Stocks News – In a...
About this update from West Red Lake Gold Mines Ltd
[{"type":"text","content":"West Red Lake Gold (WRLG.V) hits 5.5 Meters @ 25.12 g/t as U.S. Federal Debt Goes up $1 Trillion Every 100 Days\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 March 12, 2024 – TheNewswire – Global Stocks News\n– In a press release dated March 4, 2024, West Red Lake Gold Mines\n(TSXV:WRLG) (OTC:WRLGF)\n \n \n \n drill results from the\nhigh-grade South Austin Zone\n \n \n \n , which\ncurrently contains an\n \n \n \n Indicated mineral resource of 474,600 ounces,\n \n \n \n \n grading\n \n \n \n \n 8.7 grams per tonne\ngold\n \n \n \n , with an additional\n \n \n \n Inferred resource of 31,800\noz grading 8.7 g/t Au\n \n \n \n .\n \n \n \n \n “We hit some high-grade intercepts, with visible gold\nshowings,” Will Robinson VP of Exploration told Guy Bennett, CEO of\nGlobal Stocks News. “When the team saw that, we added additional\nholes to that station to flush those areas out, up dip and\ndown.”\n \n \n \n \n “We planned this program so that we could be nimble,\nstay fluid,” continued Robinson. “We’re not just drilling a\nstation, moving off it, and waiting for the results.  We’re focused\non maximising exploration dollars and building high confidence ounces,\nin preparation for our plan to restart the Madsen Mine.”\n \n \n \n \n The company’s flagship asset - The Madsen Gold Mine\n– is debt free, fully permitted, with a brand-new 800+ tonne per day\nmill, a tailings and water treatment facility. [ 1 ]\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n The Madsen Mine deposit presently hosts an NI 43-101\n \n \n Indicated resource of\n \n \n 1.65 million ounces of\ngold\n \n \n grading\n \n \n 7.4 g/t gold\n \n \n and an\n \n \n Inferred resource of 0.37 Moz\nof gold grading 6.3 g/t gold\n \n \n . [2.] [3.]\n \n \n \n \n This\n \n \n asset was once valued at\nover a billion dollars, about 8X the current market cap of WRLG. There\nis smart money heavily invested in the current project - Frank Guistra\n(11.8%); Sprott Resource (23.4%).\n \n \n \n \n \n March 4, 2024 Drill\nHighlights:\n \n \n \n \n \n \n \n Hole MM24D-12-4640-012\n \n Intersected\n \n 5.5m @ 25.12 g/t Au\n \n , from 24.0m to\n29.5m, Including\n \n ...