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MarketScreener Homepage  >  Equities  >  CANADIAN NATIONAL STOCK EXCHANGE  >  West Red Lake Gold Mines Inc.    RLG   CA9555621031

WEST RED LAKE GOLD MINES INC.

(RLG)
  Report
Delayed Quote. Delayed CANADIAN NATIONAL STOCK EXCHANGE - 01/26 03:58:52 pm
0.12 CAD   +9.09%
01/05West Red Lake Gold Closes Financing
NE
2020WEST RED LAKE GOLD MINES : Presentation November 2020
PU
2020WEST RED LAKE GOLD MINES : Commences Drilling at the NT Zone
AQ
SummaryQuotesChartsNewsCompanyFinancialsConsensus 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

West Red Lake Gold Drilling Further Expands NT Gold Zones, Positive Results Include 5.91 GPT Gold Over 6.0 Metres

09/25/2020 | 09:29am EST

West Red Lake Gold Mines Inc. ('West Red Lake Gold' or the 'Company') (CSE: RLG) (OTCQB: RLGMF) (FSE: HYK) announces that it has expanded gold mineralization at the NT Zone with several high grade gold intercepts including 5.91 grams per tonne gold ('gpt Au') over 6.0 metres ('m') during exploration drilling on the Rowan Mine property in the prolific Red Lake Gold District of northwestern Ontario.

The Company continues to intersect extensive gold mineralization at the NT Zone with ongoing expansion drilling.

About West Red Lake Gold Mines Inc.

West Red Lake Gold Mines is a Toronto-based minerals exploration company focused on gold exploration and development in the prolific Red Lake Gold District of Northwest Ontario, Canada. The Red Lake Gold District is host to some of the richest gold deposits in the world and has produced 30 million ounces of gold from high grade zones. The Company has assembled a significant property position totalling 3,100 hectares in west Red Lake (the 'West Red Lake Project') which contains three former gold mines located 15 km west of the Red Lake mine complex. The Mount Jamie Mine and Red Summit Mine properties are 100% owned by the Company and the Rowan Mine property is held in a 64%/36% joint venture with Evolution Mining Limited. The West Red Lake Project property covers a 12 km strike length along the Pipestone Bay St Paul Deformation Zone and the Company plans to continue to explore the property both along strike and to depth.

About Evolution Mining Limited

Evolution Mining is a leading, growth-focused global mid-tier gold miner. Evolution operates four wholly-owned mines in Australia - Cowal in New South Wales, Mungari in Western Australia, and Mt Carlton and Mt Rawdon in Queensland. The Company also holds an economic interest in the Ernest Henry copper-gold mine in Queensland, Australia. In April 2020 Evolution acquired a 100% interest in the Red Lake gold mine in Ontario, Canada. In the 2021 Financial Year Evolution is guiding gold production of 670,000 - 730,000 ounces at an All-In Sustaining Cost of US$900 - US$940 per ounce.

Contact:

John Kontak

Tel: 416-203-9181

Email: jkontak@rlgold.ca

Web: www.westredlakegold.com

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 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.

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
EVOLUTION MINING LIMITED 0.22% 4.63 End-of-day quote.-7.21%
RED LAKE GOLD INC. 3.13% 0.33 Delayed Quote.-8.57%
WEST RED LAKE GOLD MINES INC. 9.09% 0.12 Delayed Quote.10.00%
All news about WEST RED LAKE GOLD MINES INC.
01/05West Red Lake Gold Closes Financing
NE
2020WEST RED LAKE GOLD MINES : Presentation November 2020
PU
2020WEST RED LAKE GOLD MINES : Commences Drilling at the NT Zone
AQ
2020WEST RED LAKE GOLD MINES : Commences Drilling at the NT Zone
PU
2020West Red Lake Gold Commences Drilling at the NT Zone
NE
2020West Red Lake Gold Drilling Further Expands NT Gold Zones, Positive Results I..
AQ
2020WEST RED LAKE GOLD MINES : Drilling Further Expands NT Gold Zones Positive Resul..
AQ
2020WEST RED LAKE GOLD MINES : Drilling Further Expands NT Gold Zones; Positive Resu..
PU
2020West Red Lake Gold Drilling Further Expands NT Gold Zones; Positive Results I..
NE
2020WEST RED LAKE GOLD MINES : Commences Geophysical Program and Plans Drilling at t..
AQ
More news
Financials
Sales 2019 - - -
Net income 2019 -0,70 M -0,55 M -0,55 M
Net cash 2019 0,59 M 0,47 M 0,47 M
P/E ratio 2019 -14,8x
Yield 2019 -
Capitalization 20,0 M 15,8 M 15,8 M
EV / Sales 2018 -
EV / Sales 2019 -
Nbr of Employees -
Free-Float 96,4%
Chart WEST RED LAKE GOLD MINES INC.
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West Red Lake Gold Mines Inc. Technical Analysis Chart | RLG | CA9555621031 | MarketScreener
Income Statement Evolution
Consensus
 
Mean consensus -
Number of Analysts
Average target price
Last Close Price 0,11 
Spread / Highest target -
Spread / Average Target -
Spread / Lowest Target -
Managers and Directors
NameTitle
Thomas W. Meredith Executive Chairman & Chief Executive Officer
John Kontak President, Chief Financial Officer & Director
Michael Alexander Dehn Independent Director
John Boyd Heslop Vice Chairman
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