West Red Lake Gold Mines (TSX.V: WRLG)
Reported that a gold bar was poured using the refinery in the Madsen mill on June 8, 2024.
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West Red Lake Gold Mines | TSX.V : WRLG |
Stage | Exploration / Development |
Metals | Gold |
Market cap | C$149 m @ 66 cents |
Location | Ontario, Canada |
Website | www.westredlakegold.com |
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West Red Lake Gold Pours Gold Bar From Madsen Mill Cleanup
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West Red Lake Gold Mines Ltd.(“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG)(OTCQB: WRLGFis pleased to report that a gold bar was poured using the refinery in the Madsen mill on June 8, 2024.
The gold was recovered during the Madsen mill cleanup and gold recovery program (the “Gold Recovery Program”) at its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.
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West Red Lake Gold Mines CEO Shane Williams stated,
“It is very exciting to be pouring gold again at the Madsen Mill.
“Recovering trapped gold is another validation of the opportunity that’s available for us to unlock at the Madsen Mine.
“With gold worth approximately US$2,300 per ounce, recovering these ounces from the mill will help bolster our treasury.
“The excitement of pouring gold again at the mine is further energizing our team as we push to get Madsen back into production in the second half of 2025.”
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As detailed in a news release on May 2nd, 2024 (Madsen Mill Cleanup Unlocks Significant Value For West Red Lake Gold Mine), West Red Lake Gold undertook a mill cleanup program because of visual evidence that installation and operational missteps by the prior operator in certain parts of the mill had created “traps”, resulting in gold being caught up in these physical traps instead of making it through the mill.
A preliminary mill cleanup in late 2023 recovered 415 troy ounces of gold with proceeds of approximately US$750,000 from material trapped in the mill’s circuits.
This prompted a second phase focused on the ball mills and semi-autogenous grinding (“SAG”) mills. Gold was found physically trapped in ill-fitting liners in the ball mill, in the SAG mills, and in uncleaned filters.
All of these would have impacted the previous operator’s reconciliation numbers, and all can be minimized or eliminated through installation of proper equipment and mill operations expertise
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To View West Red Lake Gold Mines’ historical news, please click here
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To read the full news release please click HERE
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Disclosure
At the time of writing the author holds no shares in West Red Lake Gold Mines.
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