West Red Lake Gold To Host Red Lake Town Hall Meeting
Press Release
September 27, 2024
West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF) is pleased to announce a Town Hall meeting in Red Lake to engage with community members about the Company’s plans at the Madsen Mine and to recruit new employees.
West Red Lake Gold aims to restart the Madsen Mine in 2025. In preparation, the Madsen site is very active: underground there are 2 to 3 development crews active at all times alongside 2 definition drill rigs, while on surface there are multiple large capital projects happening alongside an exploration drilling program.
“We have been active at the Madsen Mine site for over a year and are pushing to restart this mine in 2025,” said Shane Williams, President and CEO. “We are keen to host this Town Hall meeting so we can communicate our plans, hear feedback from the community, and spread the word that we will be hiring for multiple positions over the next six months.”
West Red Lake Gold’s Town Hall is happening Wednesday October 2 at the Red Lake Legion, located at 31 Highway 105.
The Town Hall will take place in two sessions (2:00-4:00 and 7:00-9:00). Each session will start with a presentation by Mine General Manager Michael Procyk on the company’s activities and plans. After that, everyone in attendance is welcome to engage with management from all Madsen Mine site departments about job openings, questions, and concerns.
The Company encourages anyone interested in working at the Madsen Mine to attend the Town Hall or contact careers@wrlgold.com.
Market Making Service Contract
West Red Lake announce that it has engaged the services of ICP Securities Inc. (“ICP”) to provide automated market making services, including use of its proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will be paid a monthly fee of C$7,500, plus applicable taxes. The agreement dated September 25, 2024 between the Company and ICP, with a start date of September 25, 2024. The agreement is for four (4) months (the “Initial Term”) and shall be automatically renewed for subsequent one (1) month terms (each month called an “Additional Term”) unless either party provides at least thirty (30) days written notice prior to the end of the Initial Term or an Additional Term, as applicable. There are no performance factors contained in the agreement and no stock options or other compensation in connection with the engagement. ICP and its clients may acquire an interest in the securities of the Company in the future. ICP’s market making activity will be primarily to correct temporary imbalances in the supply and demand of the Company’s shares. ICP will be responsible for the costs it incurs in buying and selling the Company’s shares, and no third party will be providing funds or securities for the market making activities. ICP is located in Toronto, Ontario. ICP and its affiliates are arm’s length party to the Company and prior to engagement, did not hold any securities of West Red Lake Gold Ltd. Directly nor indirectly prior to engaging as market maker
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 exploration 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 Preston
VP Communications
Tel: (604) 609-6132
Email: investors@wrlgold.com or visit the Company’s website at https://www.westredlakegold.com
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