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It was published on February 18, 2025 • 5 minutes read
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Vancouver, British Colombia, February 18, 2025 (Globe News) – West Lake Gold Mines Ltd. (“West Red Lake Gold” or “Company”) (TSXV: WRLG) (OTCQB: WRLGF) I am pleased to announce the presentation of her independent studies before the feasibility (“PFs “The technical report of the 100 % MADSEN MINE project in the Red Lake Gold District area in northwest Ontario, Canada, with a date on January 7, 2025 (“The”PFS technical report“).
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The technical report of PFS was prepared according to the national tool for Canadian Securities Managers 43-101- Criteria for detecting metal projects (“” “In 43-101) The disclosure provided by the company in its press statement on January 7, 2025 support the results of PFS. There are no material differences in the technical report of PFS from the information that was revealed in the news statement on January 7, 2025 (available here: https://westredlakegold.com/West-red-lake-lake-annountes-Povite-provity-tibledy-study-for-ADSEN- GELD- Mine-With-315M-AFTER-TAX-NPV-AND-70M- Average free flow of transport/).
Technical information and technical reports
A copy of the PFS technical report is available within the company's profile on Sedar+ AT www.sedarplus.ca And on the company's website on the company's website www.Westredlakegold.com. Readers are encouraged to read the technical report of the entire PFS, including all qualifications, assumptions, exceptions and risks related to mineral resources, metal reserves and the life of the mine plan. The PFS technical report is intended to be read as a whole, and the sections should not be read or relying on outside the context.
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The technical content of this press statement has been prepared, reviewed and approved by Mr. Will Robinson, p. , Vice President of West Lake Gold Mines Ltd. , And Mr. Morris, mostert, p. ,, Vice President Technical Services at West Red Lake Gold Mines Ltd. , Everyone qualified (“QP“), As it is specified in NI 43-101.
About the western lake mines, Red Lake
West Red Lake Gold Mines Ltd. It is a metal exploration company that is circulated publicly and focuses on the progress and development of the pioneering Madsen Gold mine and 47 km associated2 The very potential land package in the Lake Reed area in Ontario. Canada has achieved more than 30 million ounces of gold from high -quality areas of high -quality regions and hosts some of the richest gold deposits in the world. WRLG also holds the royal royal owned by Red Lake, with a wide property covering 31 km2 Including three former gold mines – Rowan, Jabal Jimmy, and Red Summit.
On behalf of West Red Lake Gold Mines Ltd.
“Shin Williams”
Shin Williams
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President and CEO
For more information, please contact:
Join Preston
Vice President Communications
Phone: (604) 609-6132
Email: Investors@wrgold.com Or visit the company's website on https://www.westredlakegold.com
TSX Venture Exchange nor an organizational service provider (as specified in TSX Venture Exchange) is responsible for the adequacy or accuracy of this version.
A warning statement and aspiration information
Some of the data contained in this news statement may constitute “aspiration information” in the meaning of the applicable securities laws. Approx information can be defined in general by words such as “expectation”, “expectation”, “estimate”, “expectations” and “chart” and similar expressions that indicate future results or events. The aspiration information depends on the current expectations of the administration; However, it is subject to known and unknown risks, uncertainty and other factors that may cause actual results materially from aspective information in this news version and include without restrictions, PFS results, including, but not limited to, the expected NPV yet Taxes and IRR in Madsen Mine, the average annual expected production and cash flow, the date of the expected MADSEN mine, the possibility that additional opportunities are able to convert more resources into reserves, and the Gold Plant Gold process. MADSEN mine operation, expected development and MADSEN LINE waste management, remaining spending requirements, expected capital requirements, major assumptions, parameters and methods used in estimating metal metal resources and metal reserves related to PFS, and the operational and economic results of PFS, including a degree or quality of deposit Mineral, Lom projections and estimates and the company's future goals. Readers are warned that unjustified accreditation is not placed on aspecting information.
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Informed information includes many risks and doubts, and actual results may differ materially from the proposed results in any aspective information. These risks and doubts include, among other things, market fluctuations; The state of the financial markets of the company; Follows in commodity prices; The timing and results of the cleaning and recovery in the Madsen mine; And changes in the company's business plans. The aspiration information depends on a number of major expectations and assumptions, including but not limited to, the accuracy and reliability of technical data, expectations, estimates and studies, including PFS; Metal resources estimates and metal reserves; The expected costs and expenses; Future results of operations; The ability to meet the infrastructure of power; Availability and ability to buy employees, machines, supplies and equipment from local sources wherever possible; Madsen mine properties; Tax rates and ownership rates applied to the Madsen mine; The relationship between the company and local communities and its business partners; The ability to work in a safe and effective way; The success of exploration, development and processing activities; The company will continue to the goals of its declared business and its ability to collect additional capital to move forward. Although the management of the company has tried to determine the important factors that can cause actual results materially from those mentioned in the aspiration information, there may be other factors that cause the results as expected, estimated or intended. There can be no guarantee that this aspiration information will prove that it is accurate, as actual results and future events can differ from those expected in this aspiration information. Accordingly, readers should not rely on aspecting information. Readers are warned that relying on this information may not be suitable for other purposes. Additional information about the risks and doubts in discussing the company's management and analysis for the year ended on November 30, 2023, and the annual information model for the year ending on November 30, 2023, is available on Sedar+ on www.sedarplus. CA.
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The aspiration information here is explicitly qualified in its entirety through this warning statement. The aspiration information reflects the current beliefs of the administration and is based on the information currently available to the company. The aspiration information is made from the date of this press release and the company does not assume any commitment to update or review this information to reflect new events or circumstances, except for what the applicable law may require.
For more information about the company, investors must review the continuous disclosure files of the company available on Sedar+ on www.sedarplus.ca.
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