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West Red Lake Gold Completes Acquisition Of Flagship Rowan Property

PUBLIC · WRLGFMar 09, 2023

Acquiring Company

West Red Lake Gold Mines

VancouverOtherMiningPrecious MetalsMineral

Description

West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV:WRLG) is pleased to announce that further to its news release of February 23, 2023, the Company has closed the acquisition to increase its ownership in the Rowan Property from 72% to 100% by purchasing the remaining 28% interest from Evolution Mining Limited (“Evolution") (the “Acquisition”). The Rowan Property is the most advanced property within the West Red Lake Gold Project, a 3,100-hectare area consisting of three properties (Mount Jamie, Red Summit, and Rowan). The Rowan Property is located north of Red Lake and borders Evolution's Red Lake gold complex.

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Company Information

Company

West Red Lake Gold Mines

Location

Vancouver, British Columbia, Canada

About

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.

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