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West Red Lake Gold Mines Ltd. ("West Red Lake Gold" or "WRLG" or the "Company") (TSXV: WRLG) (OTCQX: WRLGF) is pleased to premier a video celebrating the Madsen Mine achieving commercial production.
West Red Lake Gold purchased the Madsen Mine in June 2023. After extensive drilling, multiple surface and underground capital projects, a new Pre Feasibility Study, recruitment and training of a workforce that now totals 280 people, a test mining and bulk sample program that validated the Company's technical approach, and restart and ramp up, West Red Lake Gold declared commercial production at the mine as of 1 January, 2026.
"With this video, we wanted to celebrate the milestone of commercial production and showcase the process that drives this mine," said Shane Williams, President and CEO. "Dedicated people executing a well-defined process is the foundation of a successful mine and I'm proud of the people at Madsen and the process we developed to operate this mine reliably and unlock value ahead."
To watch the video, click HERE.
The technical information presented in this news release has been reviewed and approved by Will Robinson, P.Geo., Vice President of Exploration for West Red Lake Gold and the Qualified Person for exploration at the West Red Lake Project, and by Hayley Halsall-Whitney, P.Eng., Vice President of Operations for West Red Lake Gold and 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 gold mining company that is publicly traded and focused on its flagship high-grade Madsen Gold Mine and the associated 47 km2 highly prospective land package in the Red Lake district of Ontario. The highly productive Red Lake Gold District of Northwest Ontario, Canada has yielded over 30 million ounces of gold from high-grade zones and hosts some of the world's richest gold deposits. WRLG also owns the Rowan Property in Red Lake, which hosts a small, high-grade deposit that West Red Lake Gold is looking to advance towards production.
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: investors@wrlgold.com or visit the Company's website at https://www.westredlakegold.com
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 contained in this news release may constitute "forward-looking information" within the meaning of applicable securities laws. Forward-looking information generally can be identified by words such as "anticipate", "expect", "estimate", "forecast", "planned", and similar expressions suggesting future outcomes or events. Forward-looking information is based on current expectations of management; however, it is subject to known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, production levels, performance or achievement of the Company to differ materially from the forward-looking information in this news release.
Forward-looking information involves numerous risks and uncertainties and actual results, levels of activity, production levels, performance or achievement of the Company might differ materially from those suggested in any forward-looking information. These risks and uncertainties include, among other things, unexpected changes in production and costs guidance, market volatility; the state of the financial markets for the Company's securities; fluctuations in commodity prices; and changes in the Company's business plans. Forward-looking information is based on a number of key expectations and assumptions, including without limitation, that the Company will continue with its stated business objectives and its ability to raise additional capital to proceed. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Additional information about risks and uncertainties is contained 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, copies of which are available on SEDAR+ at www.sedarplus.ca.
The forward-looking information contained herein is expressly qualified in its entirety by this cautionary statement. Forward-looking information reflects management's current beliefs and is based on information currently available to the Company. The forward-looking information is made as of the date of this news release and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law.
For more information on the Company, investors should review the Company's continuous disclosure filings that are available on SEDAR+ at www.sedarplus.ca.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/53c3b523-719d-4e78-9b02-8c4cef97c942
https://www.globenewswire.com/NewsRoom/AttachmentNg/547974e8-7085-4fbf-9c4f-f9ef35eff33f
