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Revealed Sep 24, 2024 • 17 minute learn
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VANCOUVER, British Columbia, Sept. 24, 2024 (GLOBE NEWSWIRE) — West Pink Lake Gold Mines Ltd.
(“West Pink Lake Gold” or “WRLG” or the “Firm”) (TSXV: WRLG)
(OTCQB: WRLGF) is happy to report drill outcomes from its 100% owned Madsen Mine positioned within the Pink Lake Gold District of Northwestern Ontario, Canada.
The drill outcomes featured on this information launch are targeted on the high-grade South Austin Zone, which presently incorporates an Indicated mineral useful resource of 474,600 ounces (“oz”) grading 8.7 grams per tonne (“g/t”) gold (“Au”), with an extra Inferred useful resource of 31,800 ouncesgrading 8.7 g/t Au.
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The aim of this drilling was definition inside precedence areas of South Austin to proceed constructing an stock of high-confidence ounces to help the restart of manufacturing on the Madsen mine, which is anticipated to begin in 2025. The Firm expects to finish a pre-feasibility research outlining its restart plans in This autumn.
SOUTH AUSTIN ZONE HIGHLIGHTS:
- Gap MM24D-08-4447-035 Intersected 4.48m @ 49.39 g/t Au, from 114.91m to 119.39m, Together with 2.5m @ 76.51 g/t Au, from 116.0m to 118.5m.
- Gap MM24D-08-4447-025 Intersected 11.2m @ 18.46 g/t Au, from 106.0m to 117.2m, Together with 4m @ 34.41 g/t Au, from 107m to 111m, Additionally together with 0.5m @ 10.21 g/t Au, from 113.0m to 113.5m, Additionally together with 1.5m @ 32.13 g/t Au, from 114.5m to 116.0m.
- Gap MM24D-08-4447-033 Intersected 1.74m @ 74.92 g/t Au, from 100.26m to 102.00m.
- Gap MM24D-08-4447-028 Intersected 4m @ 20.63 g/t Au, from 118.5m to 122.5m, Together with 0.7m @ 95.59 g/t Au, from 120.3m to 121.0m.
- Gap MM24D-08-4447-019 Intersected 6.3m @ 12.38 g/t Au, from 105.0m to 111.3m, Together with 1m @ 31.39 g/t Au, from 106m to 107m, Additionally together with 2m @ 17.19 g/t Au, from 108m to 110m.
- Gap MM24D-08-4447-014 Intersected 3.3m @ 15.69 g/t Au, from 74.05m to 77.35m, Together with 0.8m @ 39.93 g/t Au, from 75.0m to 75.8m, Additionally together with 0.5m @ 19.43 g/t Au, from 76.85m to 77.35m.
- Gap MM24D-08-4447-016 Intersected 5m @ 9.16 g/t Au, from 89m to 94m, Together with 1m @ 35.00 g/t Au, from 89m to 90m.
- Gap MM24D-08-4447-023 Intersected 2.2m @ 19.05 g/t Au, from 111.7m to 113.9m, Together with 1.65m @ 22.77 g/t Au, from 112.25m to 113.90m.
- Gap MM24D-08-4447-020 Intersected 6.5m @ 6.19 g/t Au, from 105.0m to 111.5m, Together with 0.5m @ 21.81 g/t Au, from 110.5m to 111.0m.
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Shane Williams, President & CEO, acknowledged, “The workforce is doing a implausible job advancing the definition drilling program at Madsen that’s important for growing a listing of high-confidence ounces to help the mine restart plan and our objective of getting Madsen again into manufacturing by H2 2025. The intercepts out of South Austin highlighted on this replace are proper on par with the distinctive outcomes out of the Austin and McVeigh zones which were introduced during the last month. This consistency and high quality between completely different mineral zones assist to display the potential we see inside the entirety of the Madsen deposit.”
Plan maps and part for the Austin and McVeigh drilling outlined on this launch are supplied in Figures 1 by 8. To see these drill holes within the context of a three-dimensional mannequin of the Madsen undertaking mineral useful resource, click on right here. https://vrify.com/editor/decks/16990
TABLE 1. Important intercepts (>3 g/t Au) from drilling at Austin Zone.
| Gap ID | Goal | From (m) | To (m) | Size (m)* | Au (g/t) |
| MM24D-08-4447-001 | South Austin | 101.09 | 105.00 | 3.91 | 7.08 |
| Incl. | 102.00 | 103.00 | 1.00 | 13.25 | |
| AND | South Austin | 114.00 | 117.60 | 3.60 | 7.76 |
| Incl. | 116.00 | 117.00 | 1.00 | 17.67 | |
| MM24D-08-4447-002 | South Austin | No Assays > 3 g/t Au | |||
| MM24D-08-4447-003 | South Austin | 108.00 | 110.87 | 2.87 | 6.65 |
| Incl. | 109.40 | 109.95 | 0.55 | 12.86 | |
| MM24D-08-4447-004 | South Austin | 85.04 | 87.00 | 1.96 | 5.81 |
| Incl. | 86.00 | 87.00 | 1.00 | 10.64 | |
| AND | South Austin | 96.00 | 97.50 | 1.50 | 5.76 |
| Incl. | 96.00 | 96.52 | 0.52 | 11.38 | |
| MM24D-08-4447-005 | South Austin | No Assays > 3 g/t Au | |||
| MM24D-08-4447-006 | South Austin | No Assays > 3 g/t Au | |||
| MM24D-08-4447-007 | South Austin | 110.00 | 111.00 | 1.00 | 3.17 |
| MM24D-08-4447-008 | South Austin | 93.00 | 94.00 | 1.00 | 4.86 |
| MM24D-08-4447-009 | South Austin | No Assays > 3 g/t Au | |||
| MM24D-08-4447-010 | South Austin | 91.00 | 92.00 | 1.00 | 4.67 |
| MM24D-08-4447-011 | South Austin | 102.69 | 104.00 | 1.31 | 5.91 |
| MM24D-08-4447-012 | South Austin | No Assays > 3 g/t Au | |||
| MM24D-08-4447-013 | South Austin | 94.00 | 97.00 | 3.00 | 3.42 |
| AND | South Austin | 103.70 | 105.10 | 1.40 | 20.28 |
| MM24D-08-4447-014 | South Austin | 74.05 | 77.35 | 3.30 | 15.69 |
| Incl. | 75.00 | 75.80 | 0.80 | 39.93 | |
| Additionally Incl. | 76.85 | 77.35 | 0.50 | 19.43 | |
| MM24D-08-4447-015 | South Austin | 109.00 | 109.70 | 0.70 | 3.62 |
| MM24D-08-4447-016 | South Austin | 89.00 | 94.00 | 5.00 | 9.16 |
| Incl. | 89.00 | 90.00 | 1.00 | 35.00 | |
| MM24D-08-4447-017 | South Austin | 77.00 | 79.85 | 2.85 | 3.71 |
| AND | South Austin | 88.00 | 89.00 | 1.00 | 3.24 |
| MM24D-08-4447-018 | South Austin | 107.00 | 109.00 | 2.00 | 3.82 |
| MM24D-08-4447-019 | South Austin | 105.00 | 111.30 | 6.30 | 12.38 |
| Incl. | 106.00 | 107.00 | 1.00 | 31.39 | |
| Additionally Incl. | 108.00 | 110.00 | 2.00 | 17.19 | |
| MM24D-08-4447-020 | South Austin | 93.45 | 96.00 | 2.55 | 3.42 |
| AND | South Austin | 105.00 | 111.50 | 6.50 | 6.19 |
| Incl. | 110.50 | 111.00 | 0.50 | 21.81 | |
| AND | South Austin | 112.00 | 113.00 | 1.00 | 3.63 |
| MM24D-08-4447-021 | South Austin | 98.00 | 100.00 | 2.00 | 3.36 |
| MM24D-08-4447-022 | South Austin | 98.00 | 98.50 | 0.50 | 20.77 |
| AND | South Austin | 102.00 | 102.60 | 0.60 | 29.57 |
| MM24D-08-4447-023 | South Austin | 111.70 | 113.90 | 2.20 | 19.05 |
| Incl. | 112.25 | 113.90 | 1.65 | 22.77 | |
| MM24D-08-4447-024 | South Austin | No Assays > 3 g/t Au | |||
| MM24D-08-4447-025 | South Austin | 106.00 | 117.20 | 11.20 | 18.46 |
| Incl. | 107.00 | 111.00 | 4.00 | 34.41 | |
| Additionally Incl. | 113.00 | 113.50 | 0.50 | 10.21 | |
| Additionally Incl. | 114.50 | 116.00 | 1.50 | 32.13 | |
| MM24D-08-4447-026 | South Austin | No Assays > 3 g/t Au | |||
| MM24D-08-4447-027 | South Austin | 114.00 | 114.80 | 0.80 | 3.82 |
| AND | South Austin | 125.90 | 126.40 | 0.50 | 8.40 |
| MM24D-08-4447-028 | South Austin | 118.50 | 122.50 | 4.00 | 20.63 |
| Incl. | 120.30 | 121.00 | 0.70 | 95.59 | |
| MM24D-08-4447-029 | South Austin | 120.25 | 124.00 | 3.75 | 3.06 |
| AND | South Austin | 125.95 | 128.00 | 2.05 | 3.53 |
| MM24D-08-4447-030 | South Austin | No Assays > 3 g/t Au | |||
| MM24D-08-4447-031 | South Austin | 95.00 | 96.80 | 1.80 | 16.06 |
| MM24D-08-4447-032 | South Austin | 88.95 | 89.80 | 0.85 | 3.50 |
| AND | South Austin | 91.45 | 94.00 | 2.55 | 3.47 |
| MM24D-08-4447-033 | South Austin | 100.26 | 102.00 | 1.74 | 74.92 |
| MM24D-08-4447-034 | South Austin | No Assays > 3 g/t Au | |||
| MM24D-08-4447-035 | South Austin | 114.91 | 119.39 | 4.48 | 49.39 |
| Incl. | 116.00 | 118.50 | 2.50 | 76.51 | |
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*The “From-To” intervals in Desk 1 are denoting total downhole size of the intercept. True thickness has not been calculated for these intercepts however is anticipated to be ≥ 70% of downhole thickness primarily based on intercept angles noticed within the drill core. Inner dilution for composite intervals doesn’t exceed 1m for samples grading <0.1 g/t Au.
TABLE 2: Drill collar abstract for holes reported on this Information Launch.
| Gap ID | Goal | Easting | Northing | Elev (m) | Size (m) | Azimuth | Dip |
| MM24D-08-4447-001 | South Austin | 435513 | 5646365 | 9 | 50.6 | 125 | -24 |
| MM24D-08-4447-002 | South Austin | 435513 | 5646365 | 9 | 83.0 | 136 | -18 |
| MM24D-08-4447-003 | South Austin | 435513 | 5646365 | 9 | 88.8 | 138 | -26 |
| MM24D-08-4447-004 | South Austin | 435513 | 5646365 | 9 | 81.0 | 139 | -17 |
| MM24D-08-4447-005 | South Austin | 435513 | 5646365 | 9 | 95.1 | 139 | -31 |
| MM24D-08-4447-006 | South Austin | 435513 | 5646365 | 9 | 75.2 | 141 | -18 |
| MM24D-08-4447-007 | South Austin | 435513 | 5646365 | 9 | 111.0 | 143 | -24 |
| MM24D-08-4447-008 | South Austin | 435513 | 5646365 | 9 | 100.3 | 146 | -10 |
| MM24D-08-4447-009 | South Austin | 435513 | 5646365 | 9 | 105.0 | 146 | -17 |
| MM24D-08-4447-010 | South Austin | 435513 | 5646365 | 9 | 102.3 | 147 | -6 |
| MM24D-08-4447-011 | South Austin | 435513 | 5646365 | 9 | 111.0 | 147 | -14 |
| MM24D-08-4447-012 | South Austin | 435513 | 5646365 | 9 | 81.0 | 149 | -23 |
| MM24D-08-4447-013 | South Austin | 435513 | 5646365 | 9 | 90.0 | 148 | -13 |
| MM24D-08-4447-014 | South Austin | 435513 | 5646365 | 9 | 75.0 | 151 | -7 |
| MM24D-08-4447-015 | South Austin | 435513 | 5646365 | 9 | 57.0 | 151 | -16 |
| MM24D-08-4447-016 | South Austin | 435513 | 5646365 | 9 | 66.0 | 155 | -11 |
| MM24D-08-4447-017 | South Austin | 435513 | 5646365 | 9 | 60.0 | 155 | -7 |
| MM24D-08-4447-018 | South Austin | 435513 | 5646365 | 9 | 90.0 | 155 | -25 |
| MM24D-08-4447-019 | South Austin | 435513 | 5646365 | 9 | 63.0 | 155 | -16 |
| MM24D-08-4447-020 | South Austin | 435513 | 5646365 | 9 | 72.0 | 160 | -13 |
| MM24D-08-4447-021 | South Austin | 435513 | 5646365 | 9 | 78.0 | 160 | -9 |
| MM24D-08-4447-022 | South Austin | 435513 | 5646365 | 9 | 84.0 | 162 | -20 |
| MM24D-08-4447-023 | South Austin | 435513 | 5646365 | 9 | 66.0 | 162 | -24 |
| MM24D-08-4447-024 | South Austin | 435513 | 5646365 | 9 | 72.0 | 163 | -10 |
| MM24D-08-4447-025 | South Austin | 435513 | 5646365 | 9 | 66.0 | 163 | -15 |
| MM24D-08-4447-026 | South Austin | 435513 | 5646365 | 9 | 63.0 | 167 | -21 |
| MM24D-08-4447-027 | South Austin | 435513 | 5646365 | 9 | 75.0 | 167 | -16 |
| MM24D-08-4447-028 | South Austin | 435513 | 5646365 | 9 | 66.0 | 169 | -26 |
| MM24D-08-4447-029 | South Austin | 435513 | 5646365 | 9 | 63.0 | 173 | -8 |
| MM24D-08-4447-030 | South Austin | 435513 | 5646365 | 9 | 75.0 | 173 | -25 |
| MM24D-08-4447-031 | South Austin | 435513 | 5646365 | 9 | 75.0 | 173 | -21 |
| MM24D-08-4447-032 | South Austin | 435513 | 5646365 | 9 | 85.0 | 173 | -15 |
| MM24D-08-4447-033 | South Austin | 435513 | 5646365 | 9 | 72.0 | 173 | -19 |
| MM24D-08-4447-034 | South Austin | 435513 | 5646365 | 9 | 66.0 | 171 | -18 |
| MM24D-08-4447-035 | South Austin | 435513 | 5646365 | 9 | 69.0 | 171 | -24 |
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DISCUSSION
Accessed by the Madsen Mine West Portal, the South Austin Zone sits south within the hanging wall of the principle Austin Zone. Like the opposite mineralized domains that comprise the Madsen Mine, the South Austin construction is hosted inside broad, kilometer-scale planar alteration and deformation corridors which were repeatedly reactivated throughout gold mineralization and subsequent deformation and metamorphism.
On the deposit scale the Austin, South Austin, North Austin, and McVeigh Zones are domestically folded and structurally dismembered by transposition and rotation into the penetrative S2 Foliation. Along with this intense deformation overprint, the mineralized veins and alteration have been subjected to the comparatively excessive temperatures of amphibolite facies metamorphism, which led to in depth recrystallization and development of the skarn-like substitute mineral assemblage of diopside-amphibole-quartz-biotite.
All important gold mineralization on the mine property is demonstrably early relative to probably the most important, penetrative deformation (D2) and metamorphic occasions. The North Austin Zone shows ‘mine-style’ alteration and mineralization and consists of a number of mineralized domains outlined over a strike size of 0.5km. Mineralization stays open at depth and alongside strike to the northeast.
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In drill core, or at underground face exposures, gold-bearing zones on the Madsen Mine are greatest recognized visually by wonderful (sub-millimetre) grains of free gold inside sturdy alteration and veining. All high-grade intervals usually comprise seen gold on drill core exteriors, though quite a few examples exist of high-grade assays the place seen gold was solely recognized inside the inside (minimize floor) of the core samples. Aside from the presence of free gold, pervasive silicification (domestically accompanied by discrete quartz veining) and quartz-carbonate or diopside veining are the most effective indicators {that a} given interval is inside a high-grade zone alongside/inside the mineralized construction.
The present underground drilling program on the Madsen Mine is targeted on additional definition of near-term mining stock, in addition to development of the present mineral useful resource. Drilling has been targeted on the extra steady and higher-grade parts of the Austin, South Austin, North Austin and McVeigh Zones. It will proceed to be the technique by 2024.
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Excessive decision variations of all of the figures contained on this press launch will be discovered on the following net handle: https://westredlakegold.com/september-Twenty fourth-news-release-maps/
FIGURE 1. Madsen Mine lengthy part displaying location of 08-4447 Drill Bay within the South Austin Zone.[1]
[1] Mineral sources are estimated at a cut-off grade of three.38 g/t Au and a gold value of US1,800/oz. Please check with the technical report entitled “Unbiased NI 43-101 Technical Report and Up to date Mineral Useful resource Estimate for the PureGold Mine, Canada”, ready by SRK Consulting (Canada) Inc. and dated June 16, 2023, and amended April 24, 2024. A full copy of the SRK report is on the market on the Firm’s web site and on SEDAR+ at www.sedarplus.ca.
FIGURE 2. South Austin plan view drill part displaying assay highlights for Holes MM24D-08-4447-001 by -035.[1]
[1] Mineral sources are estimated at a cut-off grade of three.38 g/t Au and a gold value of US1,800/oz. Please check with the technical report entitled “Unbiased NI 43-101 Technical Report and Up to date Mineral Useful resource Estimate for the PureGold Mine, Canada”, ready by SRK Consulting (Canada) Inc. and dated June 16, 2023, and amended April 24, 2024. A full copy of the SRK report is on the market on the Firm’s web site and on SEDAR+ at www.sedarplus.ca.
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FIGURE 3. South Austin part view displaying assay highlights for Holes MM24D-08-4447-001 by -007.[1]
Holes -002 by -007 broke into historic stopes.
[1] Mineral sources are estimated at a cut-off grade of three.38 g/t Au and a gold value of US1,800/oz. Please check with the technical report entitled “Unbiased NI 43-101 Technical Report and Up to date Mineral Useful resource Estimate for the PureGold Mine, Canada”, ready by SRK Consulting (Canada) Inc. and dated June 16, 2023, and amended April 24, 2024. A full copy of the SRK report is on the market on the Firm’s web site and on SEDAR+ at www.sedarplus.ca.
FIGURE 4. South Austin part view displaying assay highlights for Holes MM24D-08-4447-008 by -012.[1]
Holes -008, -009, -011 and –012 broke into historic stopes.
[1] Mineral sources are estimated at a cut-off grade of three.38 g/t Au and a gold value of US1,800/oz. Please check with the technical report entitled “Unbiased NI 43-101 Technical Report and Up to date Mineral Useful resource Estimate for the PureGold Mine, Canada”, ready by SRK Consulting (Canada) Inc. and dated June 16, 2023, and amended April 24, 2024. A full copy of the SRK report is on the market on the Firm’s web site and on SEDAR+ at www.sedarplus.ca
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FIGURE 5. South Austin part view displaying assay highlights for Holes MM24D-08-4447-013 by -016.[1] Holes -013, -015 and -016 broke into historic stopes.
[1] Mineral sources are estimated at a cut-off grade of three.38 g/t Au and a gold value of US1,800/oz. Please check with the technical report entitled “Unbiased NI 43-101 Technical Report and Up to date Mineral Useful resource Estimate for the PureGold Mine, Canada”, ready by SRK Consulting (Canada) Inc. and dated June 16, 2023, and amended April 24, 2024. A full copy of the SRK report is on the market on the Firm’s web site and on SEDAR+ at www.sedarplus.ca.
FIGURE 6. South Austin part view displaying assay highlights for Holes MM24D-08-4447-017 by -021.[1] Holes -018 by -021 broke into historic stopes.
[1] Mineral sources are estimated at a cut-off grade of three.38 g/t Au and a gold value of US1,800/oz. Please check with the technical report entitled “Unbiased NI 43-101 Technical Report and Up to date Mineral Useful resource Estimate for the PureGold Mine, Canada”, ready by SRK Consulting (Canada) Inc. and dated June 16, 2023, and amended April 24, 2024. A full copy of the SRK report is on the market on the Firm’s web site and on SEDAR+ at www.sedarplus.ca.
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FIGURE 7. South Austin part view displaying assay highlights for Holes MM24D-08-4447-022 by -028.[1]
Gap -025 broke right into a historic stope.
[1] Mineral sources are estimated at a cut-off grade of three.38 g/t Au and a gold value of US1,800/oz. Please check with the technical report entitled “Unbiased NI 43-101 Technical Report and Up to date Mineral Useful resource Estimate for the PureGold Mine, Canada”, ready by SRK Consulting (Canada) Inc. and dated June 16, 2023, and amended April 24, 2024. A full copy of the SRK report is on the market on the Firm’s web site and on SEDAR+ at www.sedarplus.ca.
FIGURE 8. South Austin part view displaying assay highlights for Holes MM24D-08-4447-029 by -035.[1]
Holes -033 and -034 broke into historic stopes.
[1] Mineral sources are estimated at a cut-off grade of three.38 g/t Au and a gold value of US1,800/oz. Please check with the technical report entitled “Unbiased NI 43-101 Technical Report and Up to date Mineral Useful resource Estimate for the PureGold Mine, Canada”, ready by SRK Consulting (Canada) Inc. and dated June 16, 2023, and amended April 24, 2024. A full copy of the SRK report is on the market on the Firm’s web site and on SEDAR+ at www.sedarplus.ca.
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QUALITY ASSURANCE/QUALITY CONTROL
Drilling accomplished underground on the Madsen Mine consists of BQ-sized diamond drill core for definition drill packages and oriented NQ-sized diamond drill core for exploration targeted drilling. All drill holes are systematically logged, photographed, and sampled by a educated geologist on the Madsen Mine core processing facility. Minimal allowable pattern size is 0.5m. Most allowable pattern size is 1.5m. Management samples (licensed requirements and uncertified blanks), alongside duplicates, are inserted at a goal 5% insertion price. Outcomes are assessed for accuracy, precision, and contamination on an ongoing foundation. The BQ-sized drill core is entire core sampled. The NQ-sized drill core is then minimize lengthwise using a diamond blade core noticed alongside a line pre-selected by the geologist. To cut back sampling bias, the identical facet of drill core is sampled persistently using the orientation line as reference. For these samples containing seen gold (“VG”), a educated geologist supervises the chopping/bagging of these samples, and ensures the core noticed blade is ‘cleaned’ with a dressing stone following the VG pattern interval. Bagged samples are then sealed with zip ties and transported by Madsen Mine personnel on to SGS Pure Useful resource’s Facility in Pink Lake, Ontario for assay.
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Samples are then prepped by SGS, which consists of drying at 105°C and crushing to 75% passing 2mm. A riffle splitter is then utilized to provide a 500g course reject for archive. The rest of the pattern is then pulverized to 85% passing 75 microns from which 50g is analyzed by hearth assay and an atomic absorption spectroscopy (AAS) end (SGS Code GO-FAA50V10). Samples returning gold values > 100 g/t Au are reanalyzed by hearth assay with a gravimetric end on a 50g pattern (SGS Code GO_FAG50V). Samples with seen gold are additionally analyzed through metallic display screen evaluation (SGS code: GO_FAS50M). For multi-element evaluation, samples are despatched to SGS’s facility in Burnaby, British Columbia and analyzed through four-acid digest with an atomic emission spectroscopy (ICP-AES) end for 33-element evaluation on 0.25g pattern pulps (SGS code: GE_ICP40Q12). SGS Pure Sources analytical laboratories operates below a High quality Administration System that complies with ISO/IEC 17025.
The Madsen Mine deposit presently hosts a Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Tasks (“NI 43-101”) Indicated useful resource of 1.65 million ounces (“Moz”) of gold grading 7.4 g/t Au and an Inferred useful resource of 0.37 Moz of gold grading 6.3 g/t Au. Mineral sources are estimated at a cut-off grade of three.38 g/t Au and a gold value of US1,800/oz. Mineral sources that aren’t mineral reserves do not need demonstrated financial viability. Please check with the technical report entitled “Unbiased NI 43-101 Technical Report and Up to date Mineral Useful resource Estimate for the PureGold Mine, Canada”, ready by SRK Consulting (Canada) Inc. and dated June 16, 2023, and amended April 24, 2024 (the “Madsen Report”). The Madsen Useful resource Estimate has an efficient date of December 31, 2021 and excludes depletion of mining exercise in the course of the interval from January 1, 2022 to the mine closure on October 24, 2022 because it has been deemed immaterial and never related for the aim of the Madsen Report. A full copy of the Madsen Report is on the market on the Firm’s web site and on SEDAR+ at www.sedarplus.ca.
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The technical info offered on this information launch has been reviewed and accredited by Will Robinson, P.Geo., Vice President of Exploration for West Pink Lake Gold and the Certified Particular person for exploration on the West Pink Lake Undertaking, as outlined by NI 43-101 “Requirements of Disclosure for Mineral Tasks”.
GRANT OF RESTRICTED SHARE UNITS
The Firm additionally declares the grant of restricted share items (“RSUs”) in accordance with the Firm’s restricted share unit, efficiency share unit, and deferred share unit compensation plan. Sure Officers and workers of the Firm have been granted an mixture of 450,000 RSUs which can vest over three years in three equal tranches on the primary, second and third anniversary of the grant date. The grant of RSUs is topic to regulatory acceptance of the TSX Enterprise Change.
ABOUT WEST RED LAKE GOLD MINES
West Pink Lake Gold Mines Ltd. is a mineral exploration firm that’s publicly traded and targeted on advancing and growing its flagship Madsen Gold Mine and the related 47 km2 extremely potential land bundle within the Pink Lake district of Ontario. The extremely productive Pink Lake Gold District of Northwest Ontario, Canada has yielded over 30 million ounces of gold from high-grade zones and hosts a number of the world’s richest gold deposits. WRLG additionally holds the wholly owned Rowan Property in Pink Lake, with an expansive property place masking 31 km2 together with three previous producing gold mines – Rowan, Mount Jamie, and Pink Summit.
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ON BEHALF OF WEST RED LAKE GOLD MINES LTD.
“Shane Williams”
Shane Williams
President & Chief Govt Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
Freddie Leigh
Tel: (604) 609-6132
E-mail: traders@wrgold.com or go to the Firm’s web site at https://www.westredlakegold.com
Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.
FORWARD-LOOKING INFORMATION
Sure statements contained on this information launch could represent “forward-looking info” inside the which means of relevant securities legal guidelines. Ahead-looking info usually will be recognized by phrases akin to “anticipate”, “count on”, “estimate”, “forecast”, “deliberate”, and related expressions suggesting future outcomes or occasions. Ahead-looking info relies on present expectations of administration; nonetheless, it’s topic to identified and unknown dangers, uncertainties and different components which will trigger precise outcomes to vary materially from the forward-looking info on this information launch and embody with out limitation, statements regarding plans for the potential restart of mining operations on the Madsen Mine, the potential of the Madsen Mine; any untapped development potential within the Madsen deposit or Rowan deposit; timing of pre-feasibility research and the Firm’s future aims and plans. Readers are cautioned to not place undue reliance on forward-looking info.
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Ahead-looking info contain quite a few dangers and uncertainties and precise outcomes may differ materially from outcomes urged in any forward-looking info. These dangers and uncertainties embody, amongst different issues, market volatility; the state of the monetary markets for the Firm’s securities; fluctuations in commodity costs; timing and outcomes of the cleanup and restoration on the Madsen Mine; and modifications within the Firm’s enterprise plans. Ahead-looking info relies on plenty of key expectations and assumptions, together with with out limitation, that the Firm will proceed with its acknowledged enterprise aims and its capacity to boost further capital to proceed. Though administration of the Firm has tried to establish necessary components that might trigger precise outcomes to vary materially from these contained in forward-looking info, there could also be different components that trigger outcomes to not be as anticipated, estimated or supposed. There will be no assurance that such forward-looking info will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such forward-looking info. Accordingly, readers shouldn’t place undue reliance on forward-looking info. Readers are cautioned that reliance on such info might not be acceptable for different functions. Further details about dangers and uncertainties is contained within the Firm’s administration’s dialogue and evaluation for the 12 months ended November 30, 2023, and the Firm’s annual info kind for the 12 months ended November 30, 2023, copies of which can be found on SEDAR+ at www.sedarplus.ca.
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The forward-looking info contained herein is expressly certified in its entirety by this cautionary assertion. Ahead-looking info displays administration’s present beliefs and relies on info presently accessible to the Firm. The forward-looking info is made as of the date of this information launch and the Firm assumes no obligation to replace or revise such info to mirror new occasions or circumstances, besides as could also be required by relevant regulation.
For extra info on the Firm, traders ought to evaluate the Firm’s steady disclosure filings which might be accessible on SEDAR+ at www.sedarplus.ca.
Photographs accompanying this announcement can be found at
https://www.globenewswire.com/NewsRoom/AttachmentNg/3b018266-6585-4444-b577-c428b06d2027
https://www.globenewswire.com/NewsRoom/AttachmentNg/68a98016-a353-4f6f-b38d-5ab60905f686
https://www.globenewswire.com/NewsRoom/AttachmentNg/c323853d-ca27-4911-9981-87b4eacbfc3a
https://www.globenewswire.com/NewsRoom/AttachmentNg/b80d1dcc-9b35-496e-840b-94cebe450b7b
https://www.globenewswire.com/NewsRoom/AttachmentNg/659de9fa-0fe1-4f4a-b79b-8791dafff0c5
https://www.globenewswire.com/NewsRoom/AttachmentNg/7af663d2-4cac-4162-8b68-ab41501e534c
https://www.globenewswire.com/NewsRoom/AttachmentNg/803ad9ce-e032-4e99-bddf-c29fa8479b52
https://www.globenewswire.com/NewsRoom/AttachmentNg/7710de20-e88e-4d13-8d32-945b58aadace
https://www.globenewswire.com/NewsRoom/AttachmentNg/2f0e3715-0857-4bba-aae6-8056d690fb23
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