theRupertPupkin
2日前
Posted on behalf of West Red Lake Gold Mines - WRLG.v; WRLGF
Crux Investor just put out a "7 Things You Need to Know" breakdown of West Red Lake Gold (TSXV: WRLG, OTC: WRLGF) and its Rowan update. Worth reading if you follow the junior producer space. Here is what stood out to me.
The thing Crux leads with is the de-risked entry point. The Madsen mill is fully permitted and the company has declared commercial production status. Crux's point is that this materially reduces development execution risk relative to peers still working through permitting or construction.
Second, the model reconciles. Crux cites grade reconciliation of 95.5% on tonnage, 100.7% on grade, and 96.1% on gold ounces. That kind of reconciliation supports the reliability of the geological model, reduces production variability, and improves guidance credibility.
Third, it is direct gold leverage. Crux frames Madsen as high-grade Ontario underground production with a cost structure it says holds up across a broad range of gold-price scenarios. The summary line from Crux: a differentiated profile within the junior and emerging producer universe.
Now the Rowan resource that prompted all this. The June 9, 2026 MRE lifted Rowan Indicated 70% to 334,825 ounces at an average grade of 13.03 grams per tonne. Inferred climbed 52% to 179,013 ounces at 15.31 grams per tonne. (See June 9, 2026 MRE news.)
Crux's profile points back to Rowan's 2025 PEA: a 42% after-tax internal rate of return and C$125 million net present value at US$2,500 per ounce gold. The toll milling operation would require only C$70 million in initial capital and could produce over 35,000 ounces annually for five years. (See Aug 2025 Rowan PEA.)
For context, gold currently trades around US$4,350, well above that PEA's US$2,500 assumption.
The catalyst Crux is watching is the combined Madsen-Rowan PFS, targeted for the third quarter of 2026. Crux calls it the primary near-term valuation reference for investors.
With the resource upsized and an independent profile flagging that same Q3 PFS as the next data point, the study sets up as the moment the integrated Madsen-Rowan story gets put to hard numbers, with room to reframe how the market values the multi-asset platform.
Full breakdown here: https://www.cruxinvestor.com/posts/west-red-lake-gold-mines-rowan-resource-update-7-things-you-need-to-know
theRupertPupkin
3日前
Posted on behalf of West Red Lake Gold Mines Ltd. - WRLG.v; WRLGF announced the commencement of a fully funded surface drilling program at the historic past-producing Starratt-Olsen Mine located approximately 1.1 kilometers southwest of its 100% owned Madsen Mine in the Red Lake Mining District of Northwestern Ontario, Canada.
Highlights:
- The drill program at Starratt will consist of up to 4,000 metres of oriented HQ diameter diamond drilling.
- Targeted areas will focus on up- and down-plunge extensions to previously mined panels at Starratt - investigating for unmined portions of previously defined mineralization and testing for new sub-parallel lenses.
- This program marks the first focused effort in drill testing the main areas of historic mining at Starratt since mining ceased in the 1950’s.
- Starratt is the second largest gold producer historically on the Madsen property with ~164,000 oz of gold produced between 1948-1956 at an average grade of 6.17 grams per tonne gold.
- The 4,000m program is expected to be completed mid-August 2026, with assay results released as they become available.
Will Robinson, Vice President of Exploration, commented, “Following a highly successful drilling season at Rowan and Fork, we are maintaining our momentum by moving the surface drill to the past-producing Starratt-Olsen Mine…
Given that underground development is now underway at Fork and the deposit is advancing toward inclusion in the Madsen production profile in 2027, it is logical to continue defining new resources along this main southwestern structural corridor.”
Full news release: https://westredlakegold.com/west-red-lake-gold-commences-surface-drilling-at-past-producing-starratt-olsen-gold-mine/
theRupertPupkin
4日前
Posted on behalf of West Red Lake Gold Mines — WRLG.v; WRLGF
Will Robinson, VP of Exploration at West Red Lake Gold Mines, recently sat down with The KE Report to discuss the company’s promising drilling success at its Rowan and Mount Jamie satellite deposits, located near its flagship Madsen Gold Project.
During an incredibly efficient 6,300-meter infill drill program at the Rowan deposit, WRLG managed to increase its indicated resource category by 70%—up to 334,000 ounces grading 13 g/t gold. Additionally, the inferred category jumped 52% to 179,000 ounces while nearly doubling in grade to 15.3 g/t gold.
With an estimated discovery cost of just $17.60 CAD per ounce, the company is proving it can rapidly and cost-effectively expand the deposit. These high-confidence indicated ounces will now feed directly into the upcoming Pre-Feasibility Study (PFS) alongside the primary Madsen operation.
At the nearby Mount Jamie satellite deposit, located just two kilometers from Rowan, the team sees clear geological synergies and strong potential for resource expansion through future infill drilling.
Meanwhile, a surface rig has just been deployed to the historic Starratt Olsen mine area at Madsen to test high-priority targets, setting the stage for steady exploration catalysts throughout the rest of the year.
Watch the interview here:
theRupertPupkin
1週前
Posted on behalf of West Red Lake Gold Mines Ltd. — WRLG.v; WRLGF
Following the release of an updated resource estimate for the Rowan Project and a maiden resource for Mount Jamie, West Red Lake Gold’s VP of Exploration, Will Robinson, further broke down the details of the announcement in a short video.
He explained that the significant resource growth was achieved through a highly focused 6,300-meter drill program, which successfully added high-confidence ounces and sets up the assets to be mined simultaneously as key satellite operations.
He additionally explained:
- The 37-hole drilling program successfully upgraded Rowan’s higher-confidence Indicated resources by 70% to 334,000 ounces at 13 g/t gold, while simultaneously boosting Inferred resource grades by 75% to an impressive 15.3 g/t gold.
- The maiden resource at the nearby Mount Jamie deposit successfully establishes an initial 49,000 Indicated ounces at 14 g/t gold, providing the critical data needed to establish two separate satellite mining areas.
Looking ahead, these newly updated resource figures will be incorporated into a combined Madsen-Rowan Pre-Feasibility Study (PFS). The company is actively advancing this study and plans to release the final results in the second half of 2026.
Watch the video here:
theRupertPupkin
1週前
Posted on behalf of West Red Lake Gold Mines Ltd. — WRLG.v; WRLGF
This Morning, West Red Lake Gold Mines announced an updated 2026 Mineral Resource Estimate for its Rowan Project alongside a maiden estimate for the nearby Mount Jamie deposit.
The results successfully de-risk the project by shifting a massive portion of ounces into the higher-confidence Indicated category while expanding the overall resource base.
Key highlights from the resource update include:
- The company increased Rowan's Indicated gold ounces by 70% to 334,825 ounces grading 13.03 g/t gold, while Inferred resources also grew by 52% to 179,013 ounces grading 15.31 g/t gold.
- The maiden resource estimate at the Mount Jamie deposit, located just two kilometers away, adds an Indicated 49,407 ounces at 14.13 g/t gold and an Inferred 35,791 ounces at 11.97 g/t gold.
- This substantial resource growth was achieved with high capital efficiency, utilizing only 3.5 million CAD for a 6,300-meter drill program to deliver a highly economic discovery cost of approximately 17.60 CAD per ounce.
- The updated Rowan resource will be incorporated into the combined Madsen-Rowan Pre-Feasibility Study anticipated in the second half of 2026, directly supporting the company's long-term hub-and-spoke strategy for the district.
By significantly upgrading and expanding these high-grade satellite deposits, West Red Lake Gold continues to build out the long-term production profile centered around its Madsen processing hub.
View the full News Release here: https://westredlakegold.com/west-red-lake-gold-significantly-increases-rowan-mre-including-a-70-increase-in-indicated-resources-to-755k-tonnes-containing-335k-oz-at-13-g-t-au/
theRupertPupkin
2週前
Posted on behalf of West Red Lake Gold Mines Ltd. — WRLG.v; WRLGF
As featured in a recent Streetwise Reports article, West Red Lake Gold Mines Ltd. has released its financial and operational results for the first quarter of 2026, marking the initial post-commercial production ramp-up phase at the Madsen Mine.
Key highlights from the quarter include:
- Revenue and Earnings: The company sold 6,165 ounces of gold at an average realized price of US$ 4,938 per ounce. This generated US$ 41.8 million in revenue and US$ 15.3 million in income from mining operations. Adjusted net earnings came in at US$ 6.4 million, or US$ 0.02 per basic share, with an adjusted EBITDA of US$ 14.4 million.
- Cost Structure: Due to the early stage of the ramp-up, fixed operating costs were distributed across a lower volume of produced ounces, which totaled 5,667 ounces for the quarter. This resulted in a cash cost of US$ 2,594 per gold ounce sold and an all-in sustaining cost of US$ 4,678 per gold ounce sold.
- Balance Sheet Strength: The company initiated its first debt repayments during the quarter while maintaining strong liquidity, ending the period with approximately US$ 35.9 million in cash and cash equivalents.
President and CEO Shane Williams stated that this first quarter demonstrated strong operational discipline and safety during a vital transition period.
Looking ahead, development continues toward additional high-priority mining areas, including Austin 904, Fork, and the eastern connection drift toward the Derlak complex. Meanwhile, Phase 1 of the shaft refurbishment program remains firmly on track for the second half of 2026.
See the full article here: https://www.streetwisereports.com/article/2026/06/03/gold-producer-reports-us-41-8m-quarter-as-ontario-mine-ramp-up-advances.html?utm_source=delivra&utm_medium=email&utm_campaign=TRR6-4-2026&utm_id=49614787
TexasMarvL
2週前
I totally agree.
WRLGF deserves the terrible share price right now, but I do see a path to better days ahead.
The 904 complex has some eye-popping results and has never been mined before. However, that ore doesn't hit the mill until 2027.
On the other hand, there are lots of gold mining companies on sale right now.
Nevada, Utah, Idaho. and Arizona all have companies on sale right now. Low cost open pit mines with potential for substantial ounces per year. Various stages of development.
I see the value here, but also feel the sting of frustration as well.
Good luck in 2026.Appreciate all your posts.
wshaw14
2週前
Yes, but my suggestion would be to use the mid point between 35,000 and 45,000 which would be 40,000. If they dont at least come close to my numbers in Q2 I will consider moving some money elsewhere. As of right now I am still adding a little at a time.
40,000 × 40% = 16,000 in 2026-H1.
Q1 = 5,667
Q2 = 10,333
40,000 × 60% = 24,000 in 2nd half
theRupertPupkin
2週前
Posted on behalf of West Red Lake Gold Mines Ltd. — WRLG.v; WRLGF
In their newly updated presentation, West Red Lake Gold Mines details its immediate operational strategy to stabilize and scale up production at the Madsen Mine following its commercial production declaration in January 2026.
The company is targeting a total gold output of 35,000 to 45,000 ounces for the year, with roughly 60% of that volume weighted toward the second half of 2026 during the ongoing infrastructure ramp-up.
Initial underground development is officially underway at the Fork satellite deposit, and crews are working to secure access to the high-grade 4447, 960, and 904 complexes.
Other immediate operational milestones include executing Phase 1 of shaft refurbishment, driving the 13 Level East Drive toward the Derlak complex, and delivering an updated Pre-Feasibility Study that combines both the Madsen and Rowan projects into a unified hub-and-spoke model.
View the full presentation here: https://westredlakegold.com/
theRupertPupkin
3週前
Posted on behalf of West Red Lake Gold Mines Ltd. - WRLG.v; WRLGF
West Red Lake Gold recently reported a strong financial quarter, generating $41.8 million in revenue and $14.4 million in adjusted EBITDA as commercial production scales up at its flagship Madsen Mine.
This financial strength is actively backing the company's transition into a regional multi-mine operation by accelerating development at the high-grade Rowan deposit, located 85 kilometres away.
Envisioned as a high-grade underground direct shipping opportunity targeted for production by 2029, Rowan's 2025 PEA outlines an attractive 35,000 ounces per year grading 8.0 g/t gold over a five-year mine life.
A 6,000-metre drill program is currently underway at Rowan to prepare for a Pre-Feasibility Study in Q3 2026. The long-term plan involves trucking this high-grade mineralization to the Madsen mill, expanding the facility's throughput from 800 to 1,200 tonnes per day to seamlessly integrate production from across the district.
View the full report here: https://westredlakegold.com/west-red-lake-gold-reports-q1-2026-financial-results-and-operations-summary/
theRupertPupkin
3週前
Posted on behalf of West Red Lake Gold Mines Ltd. - WRLG.v; WRLGF
A recent Crux Investor article outlines what comes next for West Red Lake Gold Mines as it transitions from initial commercial production into a scalable, long-term producer at the Madsen Mine.
- 2026 Production Outlook: The company is targeting 35,000 to 45,000 ounces of gold production in 2026, with 60% of the output heavily weighted toward the second half of the year as underground development access expands.
- Infrastructure Catalysts: Underground crews are driving the 13 Level East Drive toward the Derlak complex to establish new drilling platforms. Additionally, Phase 1 of the shaft refurbishment is on track for H2 2026, which is expected to reduce material haulage costs by up to 90%.
- Upcoming Technical Studies: The market is anticipating an updated Mineral Resource Estimate and a combined Pre-Feasibility Study later this year, which will formally define the expanded mine life and economic profile of the asset.
View the full article here: https://www.cruxinvestor.com/posts/madsen-as-a-mill-hub-west-red-lakes-path-to-120-000-oz-year
TexasMarvL
3週前
My guess is we accept the lower guidance until the company proves otherwise. We should also take Mr Williams word that 60% of production in the 2nd half of the year. My quick math:
35,000 × 40% = 14,000 in 2026-H1.
Q1 = 5667
Q2 = 8333
35,000 × 60% = 21,000 in 2026-H2
Q3 = 10,000
Q4 = 12,000
theRupertPupkin
3週前
Posted on behalf of West Red Lake Gold Mines Ltd. - WRLG.v; WRLGF
West Red Lake Gold Mines has released its financial and operating results for the first quarter ended March 31, 2026, marking the initial phase of its post-commercial production ramp-up at the Madsen Mine.
- Q1 Financials: The company produced 5,667 ounces of gold and sold 6,165 ounces at an average price of US$4,938 per ounce, generating $41.8 million in revenue and exiting the quarter with $35.9 million in cash.
- Operations and Outlook: Mining focused on sill development at South Austin and the 4447 complex, with overall production expected to build through 2026 and remain 60% weighted toward the second half of the year.
- Development Targets: Underground advancement is ongoing toward the Austin 904 zone, the Fork deposit, and the eastern connection drift, while Phase 1 of the shaft refurbishment is on track for H2 2026.
Shane Williams, President and CEO, commented, “This first quarter represents the initial phase of our post commercial production ramp up at Madsen and I am proud of the focus, operational discipline and strong safety culture demonstrated by our teams during this important transition period.”
View the full report here: https://westredlakegold.com/west-red-lake-gold-reports-q1-2026-financial-results-and-operations-summary/
TexasMarvL
3週前
I went back and reread the 2025 results and the 2026 guidance.
I can understand the building blocks WRLGF is putting into place here.
4447, + 904, + Fork, + East drive to Derlak, + Rowan, + 8 Zone. Plus a few more showing up in the plan.
Multiple mining assets feeding the mill helps de-risk the whole operation. The Hub and spoke model feeding the mill. Building up an above ground inventory.
The work WRLGF is doing is really starting to make sense to me.
theRupertPupkin
4週前
Posted on behalf of West Red Lake Gold Mines Ltd. - WRLG.v; WRLGF
West Red Lake Gold Mines was recently featured by Crux Investor in a new article detailing the company's transition from a single-asset operator into a district-scale production platform.
The article highlights:
- Following the achievement of commercial production, West Red Lake is now leveraging its centralized Madsen mill as a regional processing hub, outlining a clear path to 120,000 ounces of annual production.
- The Red Lake district is full of high-grade deposits that are too small to support the cost of a standalone mill. By utilizing Madsen's existing, permitted infrastructure, West Red Lake can highly efficiently process these external satellite deposits.
- The Rowan deposit—hosting over 600,000 high-grade ounces—is positioned as the first external feed source to be trucked to the mill. Meanwhile, the Fork deposit offers a massive near-mine expansion opportunity located just 250 metres from the existing underground workings.
View the full article here: https://www.cruxinvestor.com/posts/madsen-as-a-mill-hub-west-red-lakes-path-to-120-000-oz-year
wshaw14
4週前
13 Level East Drive to New Hunting Grounds
By Shane Williams
CEO & President of West Red Lake Gold
?
?
As we drive deeper into the Madsen deposit, we are discovering more gold.
At 600 metres depth, the 4447 Jewelry Box Drill Highlights include 3.12 metres @ 37.09 grams per tonne (g/t) gold, 10.6 metres @ 114.26 g/t gold and 1 metre @ 99.80 g/t gold.
At 650 metres depth, the 904 Jewelry Box Highlights include 11.2 metres @ 26.16 g/t gold, 7.8 Metres @ 139.45 g/t gold, 8.7 metres @ 74.70 g/t gold and 4.75 metres @ 219.73 g/t gold.
As part of the drive to access and unlock deeper gold zones, we have built 4,200 metres of underground development. This is in addition to the 1,448-metre Connection Drift, connecting the East and West Portals of the Madsen Mine.
We have dewatered the mine down to 17 Level, at 800 metres depth. We are now going deeper, where the highest-grade gold lenses are typically found in the Red Lake gold camp.
On 13 Level, we have installed an electrical substation, providing power and ventilation to accelerate the development of the 904 Complex and South Austin zones.
A dedicated drill station at this level allows drills to fan out into the deeper gold zones with better angles and shorter hole lengths than would be possible from a drill rig at surface.
Now that we're at 13 Level, our geological team has collectively decided to drive laterally to the east, giving us access to the vastly under-explored eastern portion of the orebody.
The cost estimate for the 1.1-kilometre East Drive is C$10million – about the same as the Connection Drift. We believe it could have an equally positive effect on the future production scenario at Madsen by adding an additional mining front that cuts laterally across the deposit
The mineral resource model for Madsen suggests resource potential for this eastern zone, called Derlak, of 200,000 ounces @ 7.3 g/t gold. Importantly, the deposit remains open along strike and down plunge past the Derlak area.
Resource modelling involves the same de-risking technique we used at Austin, South Austin and McVeigh, where we bulk-mined a 14,490-tonne sample that carried an average grade of 5.72 g/t gold. That was 0.7% above the average predicted grade of 5.68 g/t gold for six stopes across three areas.
Close reconciliation between predicted and actual grades and tonnages, highlights the effectiveness of definition drilling and detailed stope design to create an accurate mining model. The gold recovery in the mill averaged 95%. Confirming theories about the past is a prerequisite to creating a clear plan for the future.
We want to get out on the edges of the deposit, to define new areas of mineable ore. We are targeting high tonnage areas of the deposit that have not been mined since the 1960s, when the central bank pegged the price of gold at US$35 per ounce, and the average nominal market price was US$41 per ounce.
We have set a Key Performance Indicator (KPI) objective to complete 500 metres of the 13 Level drift in 2026. That will get us into the heart of main Austin. We aim to finish the 13 Level drift in 2027, so that we can drill from underground into the eastern Derlak zone.
The 13 Level East Drive will give Jillian Christmann, the Chief Geologist at Madsen, an entirely new hunting ground to explore, develop and define.
In the next message, I will talk about the importance of timing cyclical and secular gold bull markets.
MarketMindset
4週前
Posted on behalf of West Red Lake Gold Mines Ltd. - Central bank buying has fundamentally reshaped the gold market — and equity valuations have not yet caught up.
Sovereign gold reserves have reached record levels, with continued central bank accumulation projected through 2026. At the same time, major producers are guiding lower output, global discovery rates remain weak, and capital continues to concentrate on brownfield drilling rather than new deposits. The structural supply squeeze is becoming more visible.
Against that backdrop, a small cohort of developers stands out: permitted, funded, and actively drilling. Historically, the market assigns a premium to that combination. Today, several names appear discounted relative to their operational positioning.
One example is West Red Lake Gold Mines (TSXV: WRLG | OTCQB: WRLGF), which has transitioned from restart to production growth at the Madsen Mine in Ontario.
2026 Outlook
• Guided production of 35,000–45,000 ounces in 2026
• ~20,000 ounces sold in 2025 at an average price of C$5,170/oz, generating C$103M in revenue
• Fully permitted infrastructure in place in a Tier-1 jurisdiction
In addition, exploration continues to unlock upside at the 100%-owned Rowan Project. Final drill results from the 2025–2026 program included a standout intercept of 471 g/t gold over 1 metre from Vein 013. Management noted that the campaign exceeded expectations, materially de-risking the vein system while demonstrating expansion potential in under-drilled areas.
An updated Mineral Resource Estimate is expected shortly.
The Bigger Picture
In a tightening gold market defined by constrained supply and rising sovereign demand, developers that are:
• Permitted
• Funded
• Producing or near-term production
• Actively expanding resources
are structurally positioned to benefit from both operational leverage and multiple expansion.
West Red Lake Gold represents one of the few juniors currently checking all four boxes — yet trades at levels that do not appear to fully reflect its production profile, infrastructure base, and ongoing exploration upside.
In a market increasingly focused on scarcity, funded gold builders may not remain inexpensive for long.
https://www.globenewswire.com/news-release/2026/05/07/3290107/0/en/why-funded-gold-builders-are-suddenly-looking-cheap-and-the-one-permitted-junior-drilling-next-week-that-few-have-priced-in.html
theRupertPupkin
1月前
Posted on behalf of West Red Lake Gold Mines - WRLG.v; WRLGF
West Red Lake Gold Mines was recently highlighted by Crux Investor for its massive infrastructure advantage in a gold market currently facing severe supply shortfalls.
Because new gold mines typically take 10 to 15 years to build, the industry cannot quickly fix the current global supply deficit.
Instead of spending years and hundreds of millions of dollars to build a new processing facility, West Red Lake is bypassing this bottleneck entirely.
The company is rapidly advancing its high-grade Rowan Project as a satellite ore source to feed its fully built and permitted Madsen mill. By plugging high-grade rock directly into existing infrastructure, the company is executing a highly efficient, low-capital strategy to reach a target of 150,000 ounces of gold production per year.
View the full article here: https://www.cruxinvestor.com/posts/gold-prices-above-4-600-oz-constrained-mine-supply-support-margin-expansion-in-production-stage-gold-equities
theRupertPupkin
1月前
Posted on behalf of West Red Lake Gold Mines Ltd. - WRLG.v; WRLGF
In addition to drill results, West Red Lake has explained there are multiple opportunities to potentially expand and upgrade the resource and mine plan at the Rowan Project.
The Rowan resource comprises 26 domains that capture multiple parallel veins. Three of those veins – 001, 003 and 004 – are mined in the PEA.
Historic operators often only sampled and assayed drill core with quartz veining containing visible gold. Surrounding rock, including vein margins, narrow gaps between veins, and adjacent wall rock, was typically not sampled.
The next layer of opportunity at Rowan is based on expanding the deposit. Notably, the highest-grade intercept ever drilled at Rowan was achieved during the 2023 drill campaign when hole RLG-23-163B returned 70.8 g/t Au over 8.3 metres.
This intercept came from the deeper portion of Vein 001 and indicates potential for mineralization to continue at depth.
View the full NR here: https://westredlakegold.com/west-red-lake-gold-reports-471-g-t-au-over-1m-from-vein-013-and-10-84-g-t-au-over-3m-from-vein-006b-rowan-deposit/
StockInfo11
1月前
West Red Lake Gold Mines (WRLG.v WRLGF) reported final results from its 6,300m, 37-hole 2025–2026 infill and conversion drill program at the 100% owned Rowan Project, highlighted by 471 g/t Au over 1m from Vein 013 and 10.84 g/t Au over 3m from Vein 006b, including higher-grade sub-intervals with visible gold.
Additional intercepts included 19.46 g/t Au over 1m and 6.88 g/t Au over 2.5m, further supporting the high-grade vein system. The new data will feed into an updated Mineral Resource Estimate and a planned combined PFS with the Madsen Mine to evaluate shared infrastructure and integrated mine planning. Full details here: https://westredlakegold.com/west-red-lake-gold-reports-471-g-t-au-over-1m-from-vein-013-and-10-84-g-t-au-over-3m-from-vein-006b-rowan-deposit/
Mikee
1月前
All of these items will require more funds, big change on what the original plan was, I hope they execute and do not come back looking for more funding with new ideas. Does anyone know what the All sustaining costs are currently are at, the last report said if I remember over $3,000 All in cost, then made a statement to the effect that the number was not correct, then why state it.
theRupertPupkin
1月前
Posted on behalf of West Red Lake Gold Mines - WRLG.v; WRLGF
West Red Lake Gold recently hosted a live webinar with CEO Shane Williams to discuss 2026 production guidance and the technical roadmap driving the Madsen Mine toward a 120,000-ounce-per-year production profile.
During the Q&A, Williams highlighted several critical operational strategies and engineering milestones:
- Strategic Ramp Up: The engineering team has successfully accelerated lateral underground development to 24 metres per day, ensuring consistent access to high-grade stopes for a strong second-half production run rate.
- Non Remnant Mining: Production in the second half of the year will be driven by the 904 complex. Because this is a completely untouched, "non-remnant" panel, the team can utilize highly efficient extraction methods to maximize both grade and tonnage.
- Shaft and Mill Scalability: Refurbishing the existing shaft to hoist up to 2,000 tonnes per day (tpd) will eliminate expensive surface trucking and drastically reduce All-In Sustaining Costs (AISC). Additionally, the Madsen mill has already tested at over 1,000 tpd and could scale to 1,500 tpd with minimal capital expenditure.
- Near Term Catalysts: WRLG is aggressively advancing a "hub and spoke" growth model, with investors looking forward to an upcoming integrated pre-feasibility study featuring the high-grade Rowan deposit alongside ongoing district exploration.
Watch the full webinar replay here:
theRupertPupkin
1月前
Posted on behalf of West Red Lake Gold Mines - WRLG.v; WRLGF
West Red Lake Gold was recently featured in an article on Bloomberg focused on funded gold builders.
The company is in a unique position, proving its ability to successfully generate major cash flow while aggressively expanding its high-grade exploration targets.
The article highlights the company's dual-track success:
- Madsen Mine Cash Flow: Following a successful 2025 restart that generated C$103 million in revenue, WRLG is guiding for a robust 35,000 to 45,000 ounces of gold production in 2026.
- Rowan Drill Success: The company recently capped off an exceptional drill program at its Rowan Project, highlighted by a spectacular intercept of 471 g/t gold over 1 metre.
With this new high-grade drilling data fully de-risking the vein system, WRLG expects to release an updated Mineral Resource Estimate in the coming weeks.
View the full article here: https://www.bnnbloomberg.ca/press-releases/2026/05/07/why-funded-gold-builders-are-suddenly-looking-cheap-and-the-one-permitted-junior-drilling-next-week-that-few-have-priced-in/
theRupertPupkin
1月前
Posted on behalf of West Red Lake Gold Mines - WRLG.v WRLGF Last week, WRLG released drill results for its Rowan deposit and highlighted multiple opportunities to potentially expand and upgrade the project's resource and mine plan.
While the current Preliminary Economic Assessment (PEA) focuses on three specific veins, the Rowan resource comprises 26 domains with significant untapped potential.
- Targeting Overlooked Veins: The company is utilizing modern HQ drill core to infill analytical gaps on Veins 006b and 013, with the goal of bringing these high-grade zones back into future mine designs.
- Capturing Near-Vein Mineralization: Historic operators often only sampled visible gold, but WRLG has demonstrated that gold mineralization regularly persists into the altered wall rock adjacent to high-grade veins.
- Substantial Depth Potential: The Rowan vein system remains wide open for expansion at depth, highlighted by a 2023 intercept of 70.8 g/t Au over 8.3 metres from the deeper portion of Vein 001.
- Strike Expansion: In addition to depth, the deposit remains open for expansion along strike to both the east and west.
View the full NR here: https://westredlakegold.com/west-red-lake-gold-reports-471-g-t-au-over-1m-from-vein-013-and-10-84-g-t-au-over-3m-from-vein-006b-rowan-deposit/
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