West Red Lake Gold Unlocks Significant Value From Madsen Mill Cleanup
West Red Lake Gold Unlocks Significant Value From Madsen Mill Cleanup
VANCOUVER, British Columbia, May 02, 2024 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. ("West Red Lake Gold" or "WRLG" or the "Company") (TSXV: WRLG) (OTCQB: WRLGF) is pleased to report on progress of its ongoing Madsen mill cleanup and gold recovery program (the "Gold Recovery Program") at its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.
加拿大安大略省西北地區紅湖黃金區的West Red Lake Gold Mines Ltd.（“West Red Lake Gold”或“WRLG”或“公司”）（TSXV：WRLG）（OTCQB：WRLGF）很高興地報告了其持續進行的Madsen礦廠清洗和黃金回收計劃（“黃金回收計劃”）的進展。
The Company carried out a preliminary phase of the Gold Recovery Program in late 2023 that recovered 415 troy ounces ("oz") of gold ("Au") with proceeds of approximately $750,000.
公司在2023年末進行了黃金回收計劃的初步階段，回收了415盎司（"oz"）黃金（"Au"），收益約爲750,000美元。
Based on the significant amount of gold recovered during the initial investigation, a second and more comprehensive phase of the Gold Recovery Program was initiated in early 2024 with a focus on the ball mills and the semi-autogenous grinding ("SAG") mills. The SAG mills are the primary or first stage grinder for material entering the mill, which is then followed by the secondary ball mills. Photographs of sample material being recovered from the mills are below in Figures 1 and 2.
基於初始調查期間回收的大量黃金，公司於2024年初啓動了第二階段更全面的黃金回收計劃，重點集中在球磨機和半自動磨削（"SAG"）磨中。SAG磨是進入磨的材料的主要或第一階段研磨器，然後是次級球磨機。下圖1和2是從磨中恢復樣品材料的照片。
It is anticipated that the Company may recover at least 2,500 oz Au from the clean up.
預計公司將從清理中至少收回2,500盎司黃金。
As part of the second phase of the Gold Recovery Program, the Company has engaged a firm in February 2024 which specializes in gold mill cleanup and recovery. The Gold Recovery Program is expected to be completed by the end of May 2024.
作爲黃金回收計劃的第二階段的一部分，公司於2024年2月聘請了一家專門從事黃金礦磨清理和回收的公司。黃金回收計劃預計將在2024年5月底完成。
Shane Williams, President & CEO, stated, "Less than a year after acquiring the Madsen Mine, we are already seeing real value being uncovered from this asset. Our immediate focus has been recovering gold throughout the Madsen processing plant with our second cleanup program nearing completion. With gold prices over US$2,300/oz, this material could be a potential one-off source of cash flow during 2024."
Shane Williams總裁兼首席執行官表示：“在收購Madsen礦山不到一年後，我們已經看到這項資產所開掘的真正價值。我們的即時關注點是在Madsen加工廠恢復黃金，並且我們的第二輪清潔計劃即將完成。隨着黃金價格超過2,300美元/盎司，這種材料可能是2024年潛在的一次性現金流源。”
It was known that the previous operator had reconciliation issues between the mined ore and the milled ore at the Madsen Mine.
衆所周知，Madsen礦山的前任運營商在採礦和磨礦過程中存在差額問題。
After finding substantial gold locked up in the circuits during the preliminary phase of the Gold Recovery Program, the Company launched a thorough technical investigation of the mill and mill workings to understand the degree to which this contributed to the previous operator's reconciliation issues.
在初步階段的黃金回收計劃期間發現在迴路中存在大量黃金後，公司對磨機和磨礦工藝進行了全面的技術調查，以了解它對前任運營商的差額問題所起的作用程度。
In certain locations on site, installation errors had created sizeable "gold traps", resulting in a notable amount of gold remaining in these physical gold traps instead of making it through the mill. Gold was found physically trapped in ill-fitting liners in the ball mill, in the SAG mills and in uncleaned filters, all of which certainly would have impacted the previous operator's reconciliation issues.
在現場的某些位置，安裝錯誤造成了巨大的“黃金陷阱”，導致大量黃金留在這些物理黃金陷阱中，而不是進入磨中。在球磨機、SAG磨中和未清潔的過濾器中都發現了被物理困住的黃金，所有這些都肯定會影響前任運營商的差額問題。
The WRLG Madsen Mine team is making adjustments to the mill workings and processes to ensure that similar loss will not be repeated.
WRLG Madsen礦山團隊正在調整磨光作業和工藝，以確保不會再次發生類似的損失。
The Company looks forward to reporting the total amount of gold recovered on completion of the Gold Recovery Program.
公司期待在黃金回收計劃完成時報告總共回收的黃金數量。
FIGURE 1. Photograph of sample concentrate material with coarse visible gold collected as part of the cleanup program.
圖1.作爲清潔計劃的一部分採集到的帶有粗大可見黃金的樣品濃縮物的照片。
FIGURE 2. Photograph of material to be processed from the mill cleanup program.
圖2.待從清洗計劃中加工的材料的照片。
QUALITY ASSURANCE/QUALITY CONTROL
質量保證/質量控制
The Madsen Mine deposit presently hosts a National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") Indicated resource of 1.65 million ounces ("Moz") of gold grading 7.4 g/t Au and an Inferred resource of 0.37 Moz of gold grading 6.3 g/t Au. Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US1,800/oz. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to the technical report entitled "Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada", prepared by SRK Consulting (Canada) Inc. and dated June 16, 2023, and amended April 24, 2024 (the "Madsen Report"). The Madsen Resource Estimate has an effective date of December 31, 2021 and excludes depletion of mining activity during the period from January 1, 2022 to the mine closure on October 24, 2022 as it has been deemed immaterial and not relevant for the purpose of the Madsen Report. A full copy of the Madsen Report is available on the Company's website and on SEDAR+ at .
Madsen礦區目前擁有符合加拿大國家43-101（"NI 43-101"）的可計量資源，申報的黃金量爲1.65百萬盎司（"Moz"），品位爲7.4克/噸Au，還有一項印地感受資源量爲0.37 Moz黃金品位爲6.3克/噸Au。礦產資源估計採用割斷成本爲3.38克/噸Au，黃金價格爲1,800美元/盎司。未證明經濟可行性的礦產資源並非礦產儲備。請參閱名爲“加拿大純黃金礦獨立NI 43-101技術報告和更新的礦產資源估計”（“Madsen Report”）的技術報告，該報告由SRK Consulting（Canada）Inc.編制，日期爲2023年6月16日，並於2024年4月24日進行了修改。礦資源預測的有效日期爲2021年12月31日，並排除了從2022年1月1日到2022年10月24日礦山關閉期間採礦活動的耗損，因爲被認爲是微不足道的並不適用於Madsen報告的目的。Madsen報告的完整副本可在公司網站和SEDAR+上獲取。遵守礦業項目披露標準（"NI 43-101"）後，在SEDAAR+上對Bilboes硫化物金項目（"項目"）的單階段開發進行了初步經濟評估報告。PEA的拷貝題爲"Bilboes Gold Project Preliminary Economic Assessment"，有效日期爲2024年5月30日，由DRA Projects（Pty）Ltd（"DRA"）編制，反映本公告中所包含的摘要信息，同時也將在公司的網站上提供。所有金額均以美元計算。本新聞發佈中呈現的技術信息已由West Red Lake Gold勘探副總裁Will Robinson，P.Geo.和NI43-101定義的West Red Lake項目勘探合格人員進行了審查和批准。.
The technical information presented in this news release has been reviewed and approved by Will Robinson, P.Geo., Vice President of Exploration for West Red Lake Gold and the Qualified Person for exploration at the West Red Lake Project, as defined by NI 43-101.
本新聞稿中呈現的技術信息已由威爾•羅賓森（Will Robinson）P.Geo.評審核準，他是West Red Lake Gold的勘探副總裁以及West Red Lake項目勘查的合格人員，其定義爲NI 43-101。
ABOUT WEST RED LAKE GOLD MINES
關於West Red Lake黃金礦業公司
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.
West Red Lake Gold Mines Ltd.是一家礦產勘探公司，公開交易，並致力於推進和開發其旗艦Madsen Gold Mine以及相關的長度爲47公里，高潛力的土地包裹，位於安大略省紅湖區。加拿大的高產紅湖黃金區已經從高品位區域中產生了超過3000萬盎司的黃金，這裏擁有一些世界上最富有的金礦。WRLG還擁有位於Red Lake的全資Rowan Property，其中包括Rowan、Mount Jamie和Red Summit三個曾經生產過黃金的礦山。2本新聞稿中包含的某些聲明可能構成適用證券法的“前瞻性信息”。前瞻性信息通常可以通過諸如“預計”、“預計”、“估計”、“預測”、“計劃”等詞語進行識別，這些詞語暗示着未來的結果或事件。前瞻性信息基於管理層目前的預期；但是，它受到已知和未知的風險、不確定性和其他因素的影響，這些因素可能使本新聞稿中的前瞻性信息與事實不符，幷包括但不限於與Madsen Mine和Rowan存儲區的潛力相關的聲明；Madsen存儲區或Rowan存儲區中未挖掘的增長潛力；Madsen礦山進一步清理和恢復的結果；以及公司未來的目標和計劃。讀者應謹慎對待前瞻性信息。2高潛力的47公里長的土地包裹
ON BEHALF OF WEST RED LAKE GOLD MINES LTD.
代表West Red Lake黃金礦業有限公司。
"Shane Williams"
“Shane Williams”
Shane Williams
President & Chief Executive Officer
Shane Williams
董事長兼首席執行官
FOR FURTHER INFORMATION, PLEASE CONTACT:
如需更多信息，請聯繫：
Freddie Leigh
Tel: (604) 609-6132
Email: investors@westredlakegold.com or visit the Company's website at
Freddie Leigh
電話：(604) 609-6132
電子郵件: investors@westredlakegold.com或訪問公司網站
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.
tsxv的監管服務提供商（在其政策中定義該術語）對本公告的充分性或準確性不承擔責任。
FORWARD-LOOKING INFORMATION
前瞻性信息
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 potential of the Madsen Mine and Rowan; any untapped growth potential in the Madsen deposit or the Rowan deposit; the results of further cleanup and recovery at the Madsen Mine; the Company's intention to establish additional drilling platforms; and the Company's future objectives and plans. Readers are cautioned not to place undue reliance on forward-looking information.
本新聞稿中包含的某些陳述可能構成適用證券法的“前瞻性信息”。前瞻性信息通常可通過使用“預計”、“期望”、“估計”、“預測”、“計劃”等詞語或類似表明未來結果或事件的表述加以識別。前瞻性信息基於管理層的當前預期，但它受到已知和未知風險、不確定性和其他因素的影響，這些因素可能導致本新聞稿中的前瞻性信息與實際情況不符，幷包括但不限於與Madsen礦山和Rowan的潛在能力、Madsen沉積物或Rowan沉積物中未開發的增長潛力、Madsen礦區清理和加工的進一步結果、公司擬建立更多鑽探平台的意圖以及公司未來的目標和計劃有關的陳述。讀者應謹慎對待前瞻性信息。
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 state 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 important 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 November 30, 2023, and the Company's annual information form for the year ended November 30, 2023, copies of which are available on SEDAR+ at .
前瞻性信息涉及衆多風險和不確定性，實際結果可能會與任何前瞻性信息所示結果有實質性差異。這些風險和不確定性包括但不限於市場波動性，公司證券的金融市場狀況，商品價格的波動，Madsen礦區的清理和恢復時間和結果以及公司業務計劃的變化。前瞻性信息基於許多關鍵的預期和假設，包括但不限於公司將繼續其所述的業務目標及其籌集額外資本的能力。雖然公司管理層試圖確定可能導致實際結果與前瞻性信息不同的重要因素，但可能還有其他因素導致結果不如預期，估計或預期的那樣。無法保證此類前瞻性信息將證明準確，因爲實際結果和未來事件可能會與此類前瞻性信息中預期的不同。因此，讀者不應過分依賴前瞻性信息，讀者應注意對此類信息的依賴可能並不適用於其他目的。有關風險和不確定性的其他信息包含在公司於2023年11月30日結束的管理層討論和分析以及公司於2023年11月30日結束的年度信息表格中，這些副本可在SEDAR+上獲得。
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 forward-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.
本文中所包含的前瞻性信息明確受到本警告聲明的限制。前瞻性信息反映了管理層當前的信念，並基於當前對公司可獲得信息的理解。前瞻性信息是根據本新聞稿的日期製作的，公司假定不具備將更新或修訂此類信息以反映新事件或情況的義務，除非適用法律要求。
For more information on the Company, investors should review the Company's continuous disclosure filings that are available on SEDAR+ at .
有關公司的更多信息，投資者應查閱在Sedar+上公開的公司連續披露文件。.
Photos accompanying this announcement are available at:
附帶此公告的照片可在以下鏈接中找到：
譯文內容由第三人軟體翻譯。