West Red Lake Gold Reports on Bulk Sample Gold Sales
May 8, 2025
Vancouver, BC
West Red Lake Gold Reports on Bulk Sample Gold
Sales
West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”)
(TSXV: WRLG) (OTCQB: WRLGF) is pleased to report on sales of the gold produced from the
Madsen Mine bulk sample.
To date t he Company has sold 2,3 50 oz. of the 2,498 oz. that were produced in the bulk
sample.
The gold was sold at a weighted average gold price of US$3,293 per oz. in sales that took
place between late March and early May, for proceeds to date of US$7.7 million.
The remaining gold will be sold on final settlements with the refiner.
QUALIFIED PERSON
The technical information presented in this news release has been reviewed and approved
by Maurice Mostert, P .Eng., Vice President of Technical Services 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 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 depos its.
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 Preston
Vice President Communications
Tel: (604) 609-6132
Email: [email protected] 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 to differ
materially from the forward -looking information in this news release and include without
limitation, statements relating to the plans and timing for the potential production of 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 not to place undue reliance on forward-
looking information.
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 sta te of the financial
markets for the Company’s securities; fluctuations in commodity prices; timing and results
of the cleanup and recovery at the Madsen Mine; 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 importan t 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 forw ard-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.