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.
不列顛哥倫比亞省溫哥華，2024年5月2日（GLOBE NEWSWIRE）——西紅湖金礦有限公司（“西紅湖金礦” 或 “WRLG” 或 “公司”）（多倫多證券交易所股票代碼：WRLG）（OTCQB：WRLGF）欣然報告其位於紅湖的100％控股的麥德森礦正在進行的麥德森工廠清理和黃金回收計劃（“黃金回收計劃”）的進展情況加拿大安大略省西北部的黃金區。
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.
該公司於2023年底開展了黃金回收計劃的初步階段，回收了415金衡盎司（“盎司”）的黃金（“金”），收益約爲75萬美元。
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.
基於初步調查期間回收的大量黃金，黃金回收計劃的第二階段、更全面的階段於2024年初啓動，重點是球磨機和半自磨機（“SAG”）磨機。SAG 磨機是材料進入磨機的主要或第一級研磨機，然後是二級球磨機。從工廠回收的樣品材料的照片如下圖1和圖2所示。
It is anticipated that the Company may recover at least 2,500 oz Au from the clean up.
預計該公司可能會從清理中回收至少2,500盎司金。
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.
作爲黃金回收計劃第二階段的一部分，該公司於2024年2月聘請了一家專門從事金廠清理和回收的公司。黃金回收計劃預計將於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."
總裁兼首席執行官謝恩·威廉姆斯表示：“在收購Madsen礦山不到一年後，我們已經看到該資產的實際價值被發現了。我們的當務之急是回收整個 Madsen 加工廠的黃金，我們的第二項清理計劃已接近完成。由於黃金價格超過每盎司2300美元，這種材料可能成爲2024年潛在的一次性現金流來源。”
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，前運營商在開採的礦石和麥德森礦磨碎的礦石之間存在對賬問題。
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.
在黃金回收計劃的初期階段，該公司發現大量黃金滯留在迴路中，此後，該公司對磨坊和磨坊的運作情況展開了全面的技術調查，以了解這在多大程度上導致了先前運營商的對賬問題。
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.
在現場的某些地方，安裝錯誤造成了相當大的 “黃金陷阱”，導致大量的黃金留在這些實物黃金陷阱中，而不是通過磨坊。人們發現黃金被實際困在球磨機、半自磨機中不合身的襯板和未清洗的過濾器中，所有這些肯定會影響以前的運營商的對賬問題。
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 Mine團隊正在調整工廠的運作和流程，以確保類似的損失不會重演。
The Company looks forward to reporting the total amount of gold recovered on completion of the Gold Recovery Program.
該公司期待報告黃金回收計劃完成後回收的黃金總量。
FIGURE 1. Photograph of sample concentrate material with coarse visible gold collected as part of the cleanup program.
圖 1。清理計劃中收集的含有粗糙可見金的樣本濃縮物照片。
FIGURE 2. Photograph of material to be processed from the mill cleanup program.
圖 2。工廠清理計劃中待處理的材料的照片。
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 .
麥德森礦牀目前擁有國家儀器43-101 — 礦產項目披露標準 （“NI 43-101”）指示資源爲165萬盎司（“莫茲”）金品位爲7.4克/噸的黃金，推斷資源爲0.37莫茲的金，金品位爲6.3克/噸的黃金。據估計，礦產資源的臨界品位爲3.38克/噸金，金價爲1,800美元/盎司。非礦產儲量的礦產資源沒有顯示出經濟可行性。請參閱由SRK諮詢（加拿大）公司編寫、日期爲2023年6月16日並於2024年4月24日修訂的題爲 “加拿大純金礦獨立NI 43-101技術報告和最新礦產資源估算” 的技術報告（“麥德森報告”）。《麥德森資源估算》的生效日期爲2021年12月31日，不包括2022年1月1日至2022年10月24日礦山關閉期間的採礦活動枯竭，因爲該估算被認爲不重要，與麥德森報告的目的無關。《瘋狂報告》的完整副本可在公司網站和SEDAR+上查閱，網址爲 .
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.
本新聞稿中提供的技術信息已由西紅湖黃金勘探副總裁兼西紅湖項目勘探合格人員威爾·羅賓遜P.Geo.（根據NI 43-101的定義）的審查和批准。
ABOUT WEST RED LAKE GOLD MINES
關於西紅湖金礦
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. 是一家公開交易的礦產勘探公司，專注於推進和開發其旗艦麥德森金礦及相關的47公里2 安大略省紅湖區極具前景的一攬子土地。加拿大安大略省西北部的高產紅湖金礦區已從高品位區開採了超過3000萬盎司的黃金，並擁有一些世界上最豐富的金礦。WRLG還持有位於紅湖的全資Rowan Property，其廣闊的房地產佔地31公里2 包括過去生產的三個金礦——羅文、傑米山和雷德薩米特。
ON BEHALF OF WEST RED LAKE GOLD MINES LTD.
代表西紅湖金礦有限公司
"Shane Williams"
“Shane Williams”
Shane Williams
President & Chief Executive Officer
肖恩·威廉姆斯
總裁兼首席執行官
FOR FURTHER INFORMATION, PLEASE CONTACT:
欲了解更多信息，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 或訪問公司的網站
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.
多倫多證券交易所風險投資交易所及其監管服務提供商（該術語在多倫多證券交易所風險投資交易所的政策中定義）均不對本新聞稿的充分性或準確性承擔責任。
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所指的 “前瞻性信息”。前瞻性信息通常可以通過 “預期”、“預期”、“估計”、“預測”、“計劃” 等詞語以及暗示未來結果或事件的類似表述來識別。前瞻性信息基於管理層當前的預期；但是，它受已知和未知的風險、不確定性和其他因素的影響，這些因素可能導致實際業績與本新聞稿中的前瞻性信息存在重大差異，包括但不限於與麥德森礦和羅文潛力有關的陳述；麥德森礦牀或羅文礦牀任何未開發的增長潛力；意向的馬德森礦進一步清理和回收的結果；公司的意向進行額外的鑽探平台；以及公司的未來目標和計劃。提醒讀者不要過分依賴前瞻性信息。
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 .
前瞻性信息涉及許多風險和不確定性，實際結果可能與任何前瞻性信息中建議的結果存在重大差異。除其他外，這些風險和不確定性包括市場波動；公司證券的金融市場狀況；大宗商品價格的波動；清理和恢復麥德森礦的時間和結果；以及公司業務計劃的變化。前瞻性信息基於許多關鍵預期和假設，包括但不限於公司將繼續實現其既定業務目標及其籌集額外資金以繼續前進的能力。儘管公司管理層試圖確定可能導致實際業績與前瞻性信息中包含的業績存在重大差異的重要因素，但可能還有其他因素導致業績與預期、估計或預期不符。無法保證此類前瞻性信息會被證明是準確的，因爲實際結果和未來事件可能與此類前瞻性信息中的預期存在重大差異。因此，讀者不應過分依賴前瞻性信息。請讀者注意，依賴此類信息可能不適合用於其他目的。有關風險和不確定性的其他信息包含在公司管理層對截至2023年11月30日的年度的討論和分析以及公司截至2023年11月30日的年度信息表中，其副本可在SEDAR+上查閱，網址爲。
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.
本警示聲明明確規定了此處包含的前瞻性信息的全部限定。前瞻性信息反映了管理層當前的信念，並基於公司目前獲得的信息。前瞻性信息是自本新聞稿發佈之日起發佈的，除非適用法律要求，否則公司沒有義務更新或修改此類信息以反映新的事件或情況。
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，投資者應查看公司的持續披露文件，該文件可在SEDAR+上查閱 .
Photos accompanying this announcement are available at:
本公告附帶的照片可在以下網址獲得：
譯文內容由第三人軟體翻譯。