West Red Lake Gold Mines is pleased to report drill results from its 100% owned Madsen Mine. The drill results featured in this news release were focused on the high-grade South Austin Zone, which currently contains an Indicated mineral resource of 474,600 ounces grading 8.7 g/t gold, with an additional Inferred resource of 31,800 oz grading 8.7 [...]
In a press release dated April 4, 2024, West Red Lake Gold Mines announced that it has closed a second and final tranche of its private placement of gold linked notes, bringing the total value of notes issued to US$27,165,631, equivalent to about $37 million CAD. "Gold-linked Notes are a type of equity-based structured note," states DBS Treasures [...]
West Red Lake Gold 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 4,145,400 stock options vesting over a three year period with 25% vesting in 3 months from the grant [...]
West Red Lake Gold Mines is pleased to announce the arrival of a second underground diamond drill at its 100% owned Madsen Mine. In response to the recent drilling success at the newly defined North Austin zone, a second diamond drill has been added at Madsen to continue growing and de-risking this high-priority, near-mine resource area. Based on [...]
West Red Lake Gold Mines is pleased to announce that, further to its news releases of February 27, 2024, March 1, 2024, and March 20, 2024, the Company has closed a second and final tranche of its private placement of gold linked notes, bringing the total value of Notes issued to US$27,165,631. The Company issued an additional 1,924 units under the [...]
West Red Lake Gold Mines Ltd. is pleased to announce that further to its news releases of February 27, 2024 and March 1, 2024, the Company has closed US$22,340,000 of its gold linked notes offering. The Company issued 22,340 units, at a price of US$1,000 per Unit for gross proceeds of US$22,340,000. Each Unit contains gold-linked notes in the [...]
West Red Lake Gold Mines Ltd. is pleased to report drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada. The drill results featured in this news release were focused on the high-grade South Austin Zone, which currently contains an Indicated mineral resource of 474,600 ounces grading 8.7 [...]
West Red Lake Gold Mines Ltd. is pleased to announce that, due to strong demand, it has agreed with Raymond James Ltd. as lead agent, on behalf of a syndicate of agents, to increase the size of its previously announced private placement of units to US$23,000,000 from US$20,000,000. The Agents will have the option to sell up to an additional 15% of [...]
West Red Lake Gold Mines Ltd. is pleased to announce that it has entered into an agreement with Raymond James Ltd. to act as sole bookrunner and lead agent, on behalf of a syndicate of agents, in connection with a marketed "best efforts" private placement of units of the Company at a price of US$1,000 per Unit for gross proceeds of US$20,000,000 [...]
West Red Lake Gold Mines Ltd. is pleased to announce that it has been recognized by the TSXV a 2024 Top 50 Company in the Mining category. The 2024 TSX Venture 50 highlights the strongest performances on the TSX Venture Exchange over the last year. Comprised of ten companies from each of five industry sectors, Mining, Energy, Clean Technology [...]
West Red Lake Gold Mines Ltd. is pleased to report drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario. This round of drill results from the Madsen Mine were all drilled from underground on the North Austin Zone, which represents a new area of high-grade mineralization extending the current [...]
West Red Lake Gold Mines Ltd. is pleased to report final drill results from the 2023 drilling campaign at its 100% owned Rowan Property. The Rowan drill holes highlighted in this news release were focused on infilling gaps in the geologic model between the East and West Zones, as well as infill and expansion at depth on the West Zone ore shoot [...]
