West Red Lake Gold Mines Ltd. is pleased to report additional drill results from its Phase 1 exploration program on its 100% owned Rowan Property located in the prolific Red Lake Gold District. HIGHLIGHTS: Hole RLG-23-146 Intersected 2.8m @ 20.9 g/t Au, from 349.7m to 352.5m, Including 0.5m @ 113.74 g/t Au, from 349.7m to 350.2m Hole RLG-23-133 Intersected 0.4m @ 104.98 g/t Au, from 74.85m to 75.25m Hole RLG-23-144 [...]
West Red Lake Gold Mines Ltd. is pleased to announce that it has completed the acquisition of the Madsen Gold Project through the acquisition of all of the outstanding shares of Pure Gold Mining Inc. The Acquisition was completed on June 16, 2023 pursuant to the Approval and Reverse Vesting Order granted in PGM's proceedings under the Companies' Creditors Arrangement Act. The Order approved the transactions contemplated [...]
Pure Gold Mining announces that its ordinary shares listed on the NEX Board of the TSX-V will be delisted at the close of markets on June 9, 2023, pursuant to a voluntary delisting application made by the Company to the NEX. The NEX will issue a bulletin confirming the Delisting on June 8, 2023. The Delisting is taking place to facilitate the sale of the Company's issued and outstanding Shares to West Red Lake Gold Mines [...]
West Red Lake Gold Mines Ltd. is pleased to announce the appointment of Shane Williams as President and CEO, effective June 1, 2023, succeeding Tom Meredith, who becomes Executive Chairman. The Company is also pleased to report Mr. Duncan Middlemiss has joined West Red Lake Gold as an independent director. These strategic appointments are part of ongoing changes at the Company in relation to the acquisition of the Madsen [...]
Pure Gold Mining announces that the British Columbia Supreme Court has approved a transaction for the sale of the Company's issued and outstanding shares to West Red Lake Gold Minespursuant to an Approval and Reverse Vesting Order in the Company's ongoing proceedings under the Companies' Creditors Arrangement Act. Further information with respect to the Transaction is set out in the Company's Press Release of April 17 [...]
West Red Lake Gold Mines Ltd. is pleased to report initial drill results from its previously announced Phase 1 exploration program from its 100% owned Rowan Property located in the prolific Red Lake Gold District. The Company has received assay results from 10 of the 16 holes completed so far. HIGHLIGHTS: 90% of holes for which assays have been received show intervals grading > 5 grams per tonne gold -- highlighted [...]
West Red Lake Gold Mines Ltd. is pleased to announce that further to its news release dated April 17, 2023 it has entered into the Definitive Share Purchase Agreement with Pure Gold Mining, and a fund managed by Sprott Resource Lending Corp. in respect of the acquisition of the Madsen Gold Project through the acquisition of all of the issued and outstanding shares of Pure Gold. Details of the Acquisition and the Madsen [...]
West Red Lake Gold Mines Ltd. is pleased to announce, further to its news release dated April 17, 2023, the closing of the previously announced bought deal financing of 70,829,000 subscription receipts of West Red Lake, at a price of $0.35 per Subscription Receipt, together with 600,000 common shares of West Red Lake at the Issue Price, for aggregate gross proceeds of $25,000,150. The Offering was led by Canaccord Genuity [...]
West Red Lake Gold Mines Ltd. is pleased to announce the appointment of Mr. Derek Teevan as Vice President, Community, and Mr. Maurice Mostert as Vice President, Technical Services. Mr. Teevan is a respected executive with an extensive background in resource development from permitting through to operations. Derek has been involved with building diamond to gold mines overseeing over two billion in capital projects. He [...]
West Red Lake Gold Mines is pleased to provide an exploration update on its previously announced Phase 1 exploration program from its 100% owned Rowan Property. Highlights A total of 16 holes for 3,094 metres of NQ drilling completed in 2023 at Rowan Property 100% of the 2023 completed drill holes intersected mineralized zones with visible gold being observed in 50% of holes. The mineralized zones encountered have [...]
West Red Lake Gold Mines Ltd. is pleased to announce that it has entered into a binding letter agreement with Pure Gold Mining Inc. and Sprott Resource Lending Corp. to acquire the Madsen Gold mine and associated land package through the acquisition of all of the issued and outstanding shares of Pure Gold, subject to approval of the British Columbia Supreme Court in Pure Gold's ongoing proceedings pursuant to the [...]
Pure Gold Mining announces that it has entered into a binding letter agreement with West Red Lake Gold Mines and Sprott Resource Lending, whereby WRLG will, subject to certain conditions precedent, acquire all of the issued and outstanding shares of the Company, subject to approval of the BC Supreme Court in the Company's ongoing proceedings pursuant to the Companies Creditors Arrangement Act. WRLG has agreed to pay C$6.5 [...]
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