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West Red Lake Gold Upsizes Bought Deal Financing

West Red Lake Gold (TSXV: WRLG)

Announced that it has closed its previously announced bought deal public offering of 37,526,800 common shares of the Company at a price of C$0.95 per Share for gross proceeds of C$35,650,460, which includes the full exercise of the over allotment option, and 3,760,000 charity-flow through shares. Continue reading

West Red Lake Announces $30 Million Bought Deal

West Red Lake Gold Mines  (TSXV: WRLG)

Announced that it has entered into an agreement with Raymond James Ltd. as sole underwriter  pursuant to which Raymond James has agreed to purchase, on a “bought deal” basis, 26,316,000 common shares and 3,760,000 charity-flow through shares of the Company at a price of $0.95 per Common Share and C$1.33 per Charity Flow-Through Share for a total of C$30 million. Continue reading

West Red Lake Gold Expands High-Grade Zone 36.85 g/t Au over 6.9m

West Red Lake Gold Mines (TSX.V: WRLG)

Reported drill results from its 100% owned Madsen Mine located in the Red Lake Gold District.

The drill results are focused on the high-grade South Austin Zone, which currently contains an Indicated mineral resource of 474,600 ounces grading 8.7 grams per tonne gold. Continue reading

West Red Lake Gold Provides Madsen Mine Operations Update

West Red Lake Gold Mines (TSX.V: WRLG)

Provided an update on ramp-up activities at the Madsen Mine in Red Lake, Ontario.

Three gold pours took place over the month to produce 3,800 ounces of gold. Of that, 3,595 ounces were sold at an average price of US$3,320 per oz. to generate US$12 million. Continue reading

West Red Lake Gold Provides Madsen Mine Operations Update

West Red Lake Gold Mines (TSX.V: WRLG) 

Updated on ramp-up operations at the Madsen Mine in Red Lake, Ontario.

Following the fatal incident at site on the morning of June 16th, the mine and mill were both shut down. The mill restarted after approximately 40 hours. The mine restarted 12 hours after the mill, ramping up within to full operations based on personnel availability and within a safety-first structure. Continue reading

West Red Lake Gold Highlights Bulk Sample Learnings

West Red Lake Gold (TSX.V: WRLG) 

Reported how learnings from the test mining and bulk sample program at its 100% owned Madsen Mine in the Red Lake Gold District of Ontario, Canada, are translating directly into a detailed mine plan with generally larger stopes, greater mining efficiencies, and lower cost mining methods than anticipated. Continue reading

West Red Lake Gold Intersects 48.97 g/t Au over 18.7m

West Red Lake Gold Mines (TSX.V: WRLG)

Reported drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of North western Ontario, Canada.

Hole MM25D-12-4669-024 Intersected 18.7m @ 48.97 g/t Au, from 5.3m to 24.0m, Including 2m @ 428.83 g/t Au, from 20.5m to 22.5m. Continue reading