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Cover for Exploration Update from West Red Lake's Madsen Mine and a Surprise Gold Pour

Exploration Update from West Red Lake's Madsen Mine and a Surprise Gold Pour

June 12, 2024
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Mining Stock Daily
By Mining Stock Daily
Mining Stock Daily

Gwen Preston, Vice President of Investor Relations at West Red Lake Gold Mines, discusses the recent gold pour at the Madsen mine and the importance of operational readiness. She explains that the gold pour validates the investment thesis and demonstrates the company's ability to run the mill effectively.

Preston also highlights the ongoing exploration efforts at the South Austin zone and the significance of defining the mineralization in preparation for production. She emphasizes the parallel pathway the company is taking, with both definition drilling and capital projects happening simultaneously.

Additionally, Preston addresses the company's financing needs and the potential for non-equity options to fund the remaining capital requirements.

Mining Stock Daily
Mining Stock Daily
Mining Stock Daily is a news-style briefing delivering the day's most important information out of the junior mining and mineral exploration sector. Content is published throughout the world on a dozen different platforms.
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