West Red Lake Gold Reflects on Madsen Mine Achievements
West Red Lake Gold Mines (TSX.V: WRLG)
Looks back at 22 months of achievements that have brought the project to this point.
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Madsen Mill – Courtesy of West Red Lake Gold Mines
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| West Red Lake Gold | TSX.V : WRLG | |
| Stage | Exploration / Development | |
| Metals | Gold | |
| Market cap | C$222 m @ 69.5 cents | |
| Location | Ontario, Canada | |
| Website | www.westredlakegold.com |
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West Red Lake Gold Reflects on Madsen Mine Achievements To Date
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With the Madsen Mine in Ontario, Canada, on track to start operating in a few months,West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or the “Company”) (TSX.V: WRLG) (OTCQB: WRLGF) looks back at 22 months of achievements that have brought the project to this point.
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Shane Williams, President and CEO of WRLG said,
“As we process our bulk sample – producing gold and further reinforcing that our systematic approach will successfully deliver Madsen as a new, high-grade gold mine in Canada – it is time to reflect on how West Red Lake has delivered on its goals.
“We bought a complicated asset, assessed needs, and got to work. We stated specific goals and we have delivered on those goals.
“Our plan has always been to restart Madsen as a sustainable mine and, with anticipated production just months away, we are on track to deliver this project from purchase to production in only two years.”
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History
West Red Lake Gold Mines completed the purchase of the Madsen Mine in June 2023. By October 2023 the Company published its first set of plans to advance Madsen and the nearby Rowan project. In June 2024 the Company added detail to those plans through a list of projects designed to advance Madsen to production in 2025.
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To read the full news release please click HERE
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The live Spot gold price can be found HERE
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Disclosure
At the time of writing the author holds shares in West Red Lake Gold Mines.
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