West Red Lake Gold Mines Ltd. is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. and Eight Capital to act as co-lead agents on behalf of a syndicate of agents in connection with a "best efforts" private placement of 19,235,000 units of the Company at a price of C$0.52 per Unit for gross proceeds of C$10,002,200. Each Unit will consist of one common share of the Company and one common [...]
West Red Lake Gold Mines Ltd. is pleased to report additional drill results from its 100% owned Rowan Property. Notably, Hole RLG-23-169 intersected 14.61 grams per tonne gold over 1.5 m, including 42.62 g/t Au over 0.5m at approximately 420m vertical depth in the Vein 101 Zone. This represents an 84m down-dip extension to the previously reported 70.80 g/t Au over 8.3m in RLG-23-163B and demonstrates the down-dip [...]
West Red Lake Gold Mines Ltd. is pleased to provide a project update and an outlook on project advancement in the near to medium term for the Madsen Mine and Rowan Mine projects located in the prolific Red Lake Gold District of Northwestern, Ontario, Canada. PATH FORWARD Additional 35,000 metre drill program planned for Rowan Property to commence in early 2024, adding second drill and to include systematic in-fill [...]
West Red Lake Gold Mines Ltd. is pleased to announce the appointment of Harpreet Dhaliwal to the position of Chief Financial Officer effective November 15, 2023. Shane Williams, President & Chief Executive Officer, commented, "On behalf of entire West Red Lake Gold team, I would like to welcome Harpreet to the organization, and we are delighted to have someone of Harpreet's caliber join the team. Harpreet's experience in [...]
West Red Lake Gold Mines Ltd. is pleased to announce the following update from the 2023 exploration drilling program on its 100% owned Rowan Property. Hole RLG-23-163B intersected 70.80 grams per tonne gold over 8.3 m, including 1,120.19 g/t Au over 0.5 m. This hole represents the highest-grade intercept ever drilled across the Rowan Property and is a testament to the continued success our exploration team is achieving [...]
West Red Lake Gold Mines Ltd. is pleased to announce the commencement of surface drilling at the Wedge target. The drilling program will consist of up to 3,000 metres with the goal of growing and upgrading the existing mineral resources at Wedge, which currently contain an Indicated mineral resource of 56,100 ounces grading 5.6 grams per tonne gold, with an additional Inferred resource of 78,700 oz grading 5.7 g/t Au1 [...]
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 of Northwestern Ontario, Canada. Hole RLG-23-153 intersected 66.66 grams per tonne gold over 2.0 metres , when compared to much of the historical drilling, mineralized zones encountered in this years campaign demonstrate increased [...]
West Red Lake Gold Mines Ltd. is pleased to announce the closing of its previously announced non-brokered private placement for gross proceeds of $7,000,000 from the sale of 10,000,000 flow-through shares at $0.70/FT Share. The Company intends to use the proceeds from the Offering for the exploration and advancement of the Company's properties in Red Lake, Ontario. Proceeds from the sale of Flow-Through Shares will be [...]
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 of Northwestern, Ontario, Canada. Results from Hole RLG-23-149B, most notably 50.52 grams per tonne gold over 4.0 m, was one of the best intercepts ever drilled on the Rowan Property. Based on the success of the current exploration [...]
West Red Lake Gold Mines Ltd. is pleased to announce the appointment of independent director, Hugh Agro, to the Company's board of Directors. Mr. Agro, B.Sc., MBA, P.Eng. has over 35 years of leadership and business experience in the mining industry. Since 2017, Mr. Agro has served as President & CEO and Director of Revival Gold Inc., a U.S. focused gold exploration and development company. Prior to Revival Gold Inc., Mr [...]
West Red Lake Gold Mines Ltd. is pleased to announce a non-brokered private placement offering of common shares to be issued on a "flow through" basis pursuant to the Income Tax Act. The Company intends to issue up to 8,571,428 Flow-Through Shares at an issue price of $0.70 per Flow-Through Share, for gross proceeds of up to $6,000,000. The Company intends to use the proceeds from the Offering for the exploration and [...]
West Red Lake Gold Mines announces the grant of stock options, restricted share units and deferred share units in accordance with the Company's stock option plan, and its RSU and DSU Plan. Directors and Officers of the Company were granted an aggregate of 3,800,000 stock options vesting over a three year period with 25% vesting in 3 months from the grant date and 25% vesting on the first, second and third anniversary of [...]
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