Latest news with #WestRedLakeGold
Globe and Mail
04-07-2025
- Business
- Globe and Mail
BTV Highlights: North American Iron, West Red Lake Gold Mines, Northisle Copper and Gold, Westport Fuels, US Gold, Orvana Minerals, Avino Silver & Gold, Pasofino Gold, & Mayfair Gold
Vancouver, British Columbia--(Newsfile Corp. - July 4, 2025) - Tune into BTV-Business Television and Discover Investment Opportunities featuring nine standout companies making major moves globally. Cannot view this video? Visit: North American Iron - With pig iron in short supply, North American Iron is stepping up with a two-million-ton annual solution. The company is transforming Minnesota's legacy iron ore into a domestic feedstock for U.S. steelmakers-backed by North Dakota's clean energy support and aiming for production in 2029. West Red Lake Gold Mines (TSXV: WRLG) (OTCQB: WRLGF) - BTV features West Red Lake Gold as it marks its first gold pour at the fully permitted Madsen Mine in Ontario's Red Lake district. With two million ounces of historical production and robust infrastructure, the company is ramping toward 70,000 ounces per year. Northisle Copper and Gold (TSXV: NCX) (OTCQX: NTCPF) - BTV spotlights Northisle's advanced copper-gold project on Vancouver Island. With an estimated long mine life, low capital intensity, and proximity to a deepwater port, the project is backed by experienced leadership and strong local support. Westport Fuel Systems (NASDAQ: WPRT) - With over 30 years of innovation, Westport is delivering fuel-agnostic engine solutions including hydrogen and natural gas. Through its high-pressure joint venture and over 1,400 patents, Westport is helping long-haul transportation transition toward cleaner fuel alternatives. U.S. Gold Corp. (NASDAQ: USAU) - This fully permitted copper-gold project in Wyoming boasts a sub-two-year payback. ESG-friendly plan, low water use, and potential for added revenue through local gravel sales. Orvana Minerals (TSX: ORV) (OTCQX: ORVMF) - With operations in Spain and growth projects in Bolivia and Argentina, Orvana Minerals delivers near-term production and exploration upside across gold, copper, and silver. Avino Silver & Gold (TSX: ASM) (NYSE American: ASM) - A debt-free, cash-flow positive silver, gold, and copper producer, operating in Durango, Mexico. With development underway at a second mine, Avino is scaling production while leveraging existing infrastructure. Pasofino Gold (TSXV: VEIN) (OTCQB: EFRGF) - is advancing a 3.9-million-ounce gold project in Liberia. Backed by strong economics and a completed feasibility study, the company is preparing for a construction decision and aiming for early production of up to 200,000 ounces per year. Mayfair Gold (TSXV: MFG) (OTCQX: MFGCF) - Mayfair Gold is developing a low-risk, fast-to-market gold operation in Ontario, with a unique strategy to self-finance expansion using early cash flow. Positioned below federal permitting thresholds, it's set to capitalize on the current gold cycle. About BTV - Business Television: On air for 25+ years, BTV - Business Television, a half-hour investment TV show, delivers up-and-coming companies and investment opportunities. With Hosts, Taylor Thoen and Jessica Katrichak, BTV features stock market analysts, experts and on location interviews with emerging company executives. Airing on FOX Business News! Saturday, July 5 @ 5:00pm ET Suggest a Company to Feature!
Yahoo
25-06-2025
- Business
- Yahoo
VIDEO - BTV Features: North American Iron, West Red Lake Gold Mines, North Isle Copper and Gold, Newcore Gold, Li-FT Power, & Wallbridge Mining
Watch on BNN BloombergWednesday, June 25 at 7:30 PM ESTSaturday, June 28 at 8:00 PM EST Tune into BTV and: Discover Investment Opportunities. Vancouver, British Columbia--(Newsfile Corp. - June 25, 2025) - BTV-Business Television features seven standout resource companies making major moves across North America and beyond: Cannot view this video? Visit: North American Iron - With demand for pig iron at record levels, BTV visits North American Iron-an emerging domestic producer set to deliver 2 million tons annually to U.S. steelmakers. Supported by North Dakota's clean energy initiatives and powered by Minnesota's reclaimed iron ore, NAI aims to launch low-emission production by 2029-strengthening U.S. steel supply and reducing reliance on volatile imports. West Red Lake Gold Mines (TSXV: WRLG) (OTCQB: WRLGF) - With demand for new gold production on the rise, BTV visits West Red Lake Gold as the company marks its first gold pour at the fully built and permitted Madsen Mine in Ontario's historic Red Lake district. Backed by 2 million ounces of historical production and a robust infrastructure, West Red Lake Gold is ramping toward 70,000 ounces per year as it reactivates one of Canada's most storied high-grade deposits. Northisle Copper and Gold (TSXV: NCX) (OTCQX: NTCPF) - With demand rising for critical metals, BTV spotlights Northisle's copper-gold project on Vancouver Island. Backed by industry veterans and close to a deepwater port, the project offers a long mine life, low capital needs, and strong stakeholder support-positioning it as a standout in Canada's resource sector. Newcore Gold (TSXV: NCAU) (OTCQX: NCAUF) - is making strides at its Enchi Gold Project, located in Ghana-the largest gold-producing country in Africa and sixth globally. With a large 248 square kilometre land package, Newcore is executing a fully funded 35,000-metre drill program that is driving resource expansion and building on the strong fundamentals outlined in its 2024 Preliminary Economic Assessment (PEA) Li-FT Power (TSXV: LIFT) (OTCQX: LIFFF) - With lithium demand surging, Li-FT Power is advancing one of Canada's most significant hard rock lithium resources in the Northwest Territories. The company's 50.4 million tonne lithium oxide resource, aggressive exploration pace, and development of a district-scale project position it as a rising contributor to North America's clean energy supply chain. Wallbridge Mining (TSX: WM) (OTCQX: WLBMF) - With a 16-year mine life, strong gold economics, and access to low-cost hydroelectric power, Wallbridge Mining is advancing its Fenelon Gold project in Quebec. A recent PEA outlines a compelling opportunity, backed by clean energy infrastructure and a seasoned leadership team navigating one of Canada's most promising gold corridors. Pasofino Gold (TSXV: VEIN) OTCQB: EFRGF) - advancing a 3.9-million-ounce gold project in Liberia. Backed by strong economics and a completed feasibility study, the company is preparing for a construction decision and aiming for early production of up to 200,000 ounces per year. About BTV - Business Television: On air for 25+ years, BTV - Business Television, a half-hour investment TV show, delivers up-and-coming companies and investment opportunities. With Hosts, Taylor Thoen and Jessica Katrichak, BTV features stock market analysts, experts and on location interviews with emerging company executives. TV BROADCAST NETWORKS and TIMES: CANADA:Airing on BNN Bloomberg! Wednesday, June 25 @ 7:30pm ET Saturday, June 28 @ 8:00pm ET US National TV: Biz Television Network - Sun, July 5 @ 1:00pm ET Mon July 6 @ 8:30am ET Tues, July 7 @ 8:30pm & 11:30PM EST Suggest a Company to Feature! Contact: (604) 664-7401 x3 info@ To receive BTV news, subscribe. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
25-06-2025
- Business
- Globe and Mail
West Red Lake Gold Provides Madsen Mine Operations Update
VANCOUVER, British Columbia, June 25, 2025 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. ('West Red Lake Gold' or 'WRLG' or the 'Company') (TSXV: WRLG) (OTCQB: WRLGF) provides an update on ramp-up operations at the Madsen Mine in Red Lake, Ontario. Following the fatal incident at site on the morning of June 16 th, the mine and mill were both shut down. The mill restarted after approximately 40 hours. The mine restarted 12 hours after the mill, ramping up to full operations based on personnel availability and within a safety-first structure. 'With the clear exception of the tragic underground incident, ramp-up at the Madsen Mine is progressing well,' said Shane Williams, President and CEO. 'Mill head grades increased in June as we transitioned from the mixed and generally lower-grade material that had been stockpiled during the bulk sample program, which we processed in May, into freshly mined material that should be more representative of average ore grades going forward. The mill has been averaging 650 tonnes per day with 95% gold recovery and has been tested at higher levels several times without issue. 'We look forward to increasing mining rates over the coming months as ramp-up equipment arrives on site and we access additional mining areas, keeping in mind the Company's number one priority is operational safety.' The Madsen Mine started ramp-up operations on May 11 th. Initially, mill feed was predominantly sill material that had been stockpiled during the bulk sample program, during which time only stope material was processed. Sill material is mined during level access development and is typically lower grade than stope material. As mining ramps up, the mill head grade has increased. Milled grade has increased from approximately 3 grams per tonne gold ('g/t Au') in the first two days of June to average 6.5 g/t Au from June 12 th to 15 th as stope material increased in proportion to sill material. Material going through the mill is now generally grading at levels comparable to the Madsen mine bulk sample. Observed grade variability, including days when gold grade jumps notably, is within the expected range for a deposit of this nature. Figure 1. Four-day average milled gold grade from May 11 th to June 15 th. Stope material started being incorporated in early June. Mined tonnes in 2025 have primarily been drawn from South Austin and McVeigh. Mining will continue in these areas through 2025 and will also incorporate a number of priority stopes from Austin. The mine has consistently produced 650 tonnes of ore per day. The mill was started up at 650 tonnes per day ('tpd') and has run consistently at that rate and proven capable of higher rates (Figure 2). Mill recoveries have been consistent, averaging 95% (Figure 3). Figure 2. Average daily tonnes milled from May 11 th to June 15 th. Figure 3. Average daily gold recovery in the mill from May 11 th to June 15 th. The tailings and water treatment systems have been operating as planned. The Company has sold 5,250 ounces of gold year to date, at an average price of US$3,330 per oz. Another gold pour is planned for today, Wednesday June 25 th. The Company continues to build up its fleet of mining equipment. A R1300G Caterpillar Scoop loader arrived last week. Two additional Epiroc 42-tonne haul trucks have been ordered and are expected on site in August and September. Three Komatsu 4-yard scoops are ordered, with deliveries expected in July. Two Maclean bolters are ordered, for delivery in July and September. Figure 4. An underground loader being delivered to the Madsen Mine on June 18 th. The two underground drills at Madsen have completed a total of 38,393m of definition drilling in 2025, with 19,904m drilled so far in Q2. Recent drilling has been focused on expanding and further defining the high-grade lenses in South Austin previously announced on May 27 th, May 13 th and February 26 th. The charts shown in this news release show data up to June 15 th, the day before the incident, so irregularities from the shut down and restart period are not reflected. The technical information presented in this news release has been reviewed and approved by Will Robinson, Vice President of Exploration for West Red Lake Gold and the Qualified Person for exploration 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 mineral development company that is publicly traded and focused on advancing and developing its flagship Madsen Gold Mine and the associated 47 km 2 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 holds the wholly owned Rowan Property in Red Lake, with an expansive property position covering 31 km 2 including 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 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 to differ materially from the forward-looking information in this news release. Forward-looking information involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking information. These risks and uncertainties include, among other things, 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 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 Photos accompanying this announcement are available at
Yahoo
25-06-2025
- Business
- Yahoo
West Red Lake Gold Provides Madsen Mine Operations Update
VANCOUVER, British Columbia, June 25, 2025 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. ('West Red Lake Gold' or 'WRLG' or the 'Company') (TSXV: WRLG) (OTCQB: WRLGF) provides an update on ramp-up operations at the Madsen Mine in Red Lake, Ontario. Following the fatal incident at site on the morning of June 16th, the mine and mill were both shut down. The mill restarted after approximately 40 hours. The mine restarted 12 hours after the mill, ramping up to full operations based on personnel availability and within a safety-first structure. 'With the clear exception of the tragic underground incident, ramp-up at the Madsen Mine is progressing well,' said Shane Williams, President and CEO. 'Mill head grades increased in June as we transitioned from the mixed and generally lower-grade material that had been stockpiled during the bulk sample program, which we processed in May, into freshly mined material that should be more representative of average ore grades going forward. The mill has been averaging 650 tonnes per day with 95% gold recovery and has been tested at higher levels several times without issue. 'We look forward to increasing mining rates over the coming months as ramp-up equipment arrives on site and we access additional mining areas, keeping in mind the Company's number one priority is operational safety.' The Madsen Mine started ramp-up operations on May 11th. Initially, mill feed was predominantly sill material that had been stockpiled during the bulk sample program, during which time only stope material was processed. Sill material is mined during level access development and is typically lower grade than stope material. As mining ramps up, the mill head grade has increased. Milled grade has increased from approximately 3 grams per tonne gold ('g/t Au') in the first two days of June to average 6.5 g/t Au from June 12th to 15th as stope material increased in proportion to sill material. Material going through the mill is now generally grading at levels comparable to the Madsen mine bulk sample. Observed grade variability, including days when gold grade jumps notably, is within the expected range for a deposit of this nature. Figure 1. Four-day average milled gold grade from May 11th to June 15th. Stope material started being incorporated in early June. Mined tonnes in 2025 have primarily been drawn from South Austin and McVeigh. Mining will continue in these areas through 2025 and will also incorporate a number of priority stopes from Austin. The mine has consistently produced 650 tonnes of ore per day. The mill was started up at 650 tonnes per day ('tpd') and has run consistently at that rate and proven capable of higher rates (Figure 2). Mill recoveries have been consistent, averaging 95% (Figure 3). Figure 2. Average daily tonnes milled from May 11th to June 3. Average daily gold recovery in the mill from May 11th to June 15th. The tailings and water treatment systems have been operating as planned. The Company has sold 5,250 ounces of gold year to date, at an average price of US$3,330 per oz. Another gold pour is planned for today, Wednesday June 25th. The Company continues to build up its fleet of mining equipment. A R1300G Caterpillar Scoop loader arrived last week. Two additional Epiroc 42-tonne haul trucks have been ordered and are expected on site in August and September. Three Komatsu 4-yard scoops are ordered, with deliveries expected in July. Two Maclean bolters are ordered, for delivery in July and 4. An underground loader being delivered to the Madsen Mine on June 18th. The two underground drills at Madsen have completed a total of 38,393m of definition drilling in 2025, with 19,904m drilled so far in Q2. Recent drilling has been focused on expanding and further defining the high-grade lenses in South Austin previously announced on May 27th, May 13th and February 26th. The charts shown in this news release show data up to June 15th, the day before the incident, so irregularities from the shut down and restart period are not reflected. The technical information presented in this news release has been reviewed and approved by Will Robinson, Vice President of Exploration for West Red Lake Gold and the Qualified Person for exploration 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 mineral development company that is publicly traded and focused on advancing and developing its flagship 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 holds the wholly owned Rowan Property in Red Lake, with an expansive property position covering 31 km2 including three past producing gold mines - Rowan, Mount Jamie, and Red 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@ 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 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 to differ materially from the forward-looking information in this news release. Forward-looking information involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking information. These risks and uncertainties include, among other things, 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 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 Photos accompanying this announcement are available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
West Red Lake Gold Announces AGM Results
VANCOUVER, British Columbia, June 10, 2025 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. ('West Red Lake Gold' or 'WRLG' or the 'Company') (TSXV: WRLG) (OTCQX: WRLGF) is pleased to announce the results of its annual general meeting of shareholders held on June 10, 2025. The Company elected six directors to its board, namely, Tom Meredith, Shane Williams, Duncan Middlemiss, Hugh Agro, John Heslop, and Susan Neale. The shareholders approved all other matters as proposed, including the appointment of MNP LLP, Chartered Professional Accountants as auditors of the Company and approval of the Company's 10% rolling stock option plan. ABOUT WEST RED LAKE GOLD MINES LTD. West Red Lake Gold Mines Ltd. is a mineral development company that is publicly traded and focused on advancing and developing its flagship 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 holds the wholly owned Rowan Property in Red Lake, with an expansive property position covering 31 km2 including 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 PrestonVP CommunicationsTel: (604) 609-6132Email: investors@ 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. The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. Certain statements contained in this news release constitute "forward-looking statements". When used in this document, the words "anticipated", "expect", "estimated", "forecast", "planned", and similar expressions are intended to identify forward-looking statements or information. These statements are based on current expectations of management, however, they are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the forward-looking statements in this news release. Readers are cautioned not to place undue reliance on these statements. West Red Lake Gold Mines Ltd. does not undertake any obligation to revise or update any forward- looking statements as a result of new information, future events or otherwise after the date hereof, except as required by securities laws.
