VANCOUVER, British Columbia, May 08, 2025 — (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV:WRLG) (OTCQB:WRLGF) is pleased to announce the results of gold sales from the bulk sample taken at the Madsen Mine.
The Company has currently sold 2,350 oz. of the 2,498 oz. produced from the bulk sample.
The gold fetched a weighted average price of US$3,293 per ounce during sales from late March to early May, generating proceeds of US$7.7 million to date.
The remaining gold will be sold upon final settlements with the refiner.
QUALIFIED PERSON
Maurice Mostert, P.Eng., Vice President of Technical Services for West Red Lake Gold, has reviewed and approved the technical information in this news release. He is the Qualified Person for technical services at the West Red Lake Project, as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.
ABOUT WEST RED LAKE GOLD MINES
West Red Lake Gold Mines Ltd. is a publicly traded mineral development company focused on advancing and developing its Madsen Gold Mine, its flagship project, and the surrounding 47 km2 of prospective land in the Red Lake district of Ontario. Located in the highly productive Red Lake Gold District of Northwest Ontario, Canada, which has produced over 30 million ounces of gold from high-grade zones, the company’s properties are in a region that hosts some of the world’s richest gold deposits. WRLG also owns the Rowan Property in Red Lake, a large property covering 31 km2 that includes three past-producing gold mines: Rowan, Mount Jamie, and Red Summit.
ON BEHALF OF WEST RED LAKE GOLD MINES LTD.
“Shane Williams”
Shane Williams
President & Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
Gwen Preston
Vice President Communications
Tel: (604) 609-6132
Email: or visit the Company’s website at
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT AND FORWARD-LOOKING INFORMATION
Certain statements in this news release may be considered “forward-looking information” under applicable securities laws. This information is generally identifiable by terms like “anticipate,” “expect,” “estimate,” “forecast,” “planned,” and similar expressions indicating future outcomes or events. Forward-looking information reflects management’s current expectations but involves known and unknown risks, uncertainties, and other factors that could cause actual results to differ significantly from the forward-looking information in this release. These statements include, without limitation, statements regarding the potential production plans and timelines for mining operations at the Madsen Mine, the potential (including the amount of tonnes and grades of material from the bulk sample program) of the Madsen Mine, the benefits of test mining, any untapped growth potential in the Madsen deposit or Rowan deposit, and the Company’s future objectives and plans. Readers are cautioned against placing undue reliance on forward-looking information.
Forward-looking information is subject to numerous risks and uncertainties, and actual results may differ materially from those suggested in this information. These risks and uncertainties include market volatility, the condition of financial markets for the Company’s securities, fluctuations in commodity prices, the timing and results of cleanup and recovery efforts at the Madsen Mine, and changes to the Company’s business plans. Forward-looking information is based on several key expectations and assumptions, including the Company’s ability to continue pursuing its stated business objectives and raise additional capital. While management has identified important factors that could cause actual results to differ materially from those in forward-looking information, other factors may exist that could lead to unanticipated, estimated, or intended results. There is no guarantee that forward-looking information will be accurate, as actual results and future events may differ materially from those anticipated. Therefore, readers should not place undue reliance on forward-looking information and are cautioned that reliance on such information may not be suitable for other purposes. Additional information about risks and uncertainties is available in the Company’s management’s discussion and analysis for the year ended December 31, 2024, and the Company’s annual information form for the year ended December 31, 2024, both of which can be found on SEDAR+ at .
This cautionary statement expressly qualifies all forward-looking information. Forward-looking information reflects management’s current beliefs and is based on information available to the Company at the time of this release. The Company makes this information as of the date of this news release and disclaims any obligation to update or revise it to reflect new events or circumstances, except as required by law.
For more information about the Company, investors should review its continuous disclosure filings on SEDAR+ at www.sedarplus.ca.
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