In a recent InvestorIntel interview, Tracy Weslosky spoke with Tom Meredith, Executive Chairman of West Red Lake Gold Mines, Inc. (CSE: RLG | OTCQB: RLGMF), about its recent high-grade drill result of 77.87 grams per tonne of gold at its Rowan Mine and discussed the gold market’s reaction to inflation in the economy.
In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Meredith pointed out that West Red Lake Gold’s Rowan Mine already has a NI 43-101 resource of over a million ounces of gold. He continued by saying that having high-grade gold near to the surface in one of the most prolific mining districts in Ontario, and with four operating mills in the area, places West Red Lake Gold is in a very competitive position. Providing an update on demand drivers in the current gold market, Tom said that since all the conditions are in place for inflation to continue, capital flows will be driven into the gold sector, which will, in turn, drive capital flows into gold exploration companies, such as West Red Lake Gold Mines, Inc.
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About West Red Lake Gold Mines
West Red Lake Gold Mines is a Toronto-based minerals exploration company focused on development in the prolific Red Lake Gold District of Northwestern Ontario, Canada. The Red Lake Gold District is host to some of the richest gold deposits in the world and has produced 30 million ounces of gold from its high grade zones. The Company has assembled a significant property position with a combined total of 3,100 hectares in the west Red Lake (the “West Red Lake Project”) district, which contains three former gold mines located 15 km west of the Red Lake mine complex. The Mount Jamie Mine and Red Summit Mine properties are 100% owned by the Company and the Rowan Mine property is held in a 69% – 31% joint venture with Evolution Mining Limited. The West Red Lake Project property covers a 12 km strike length along the Pipestone Bay St Paul Deformation Zone and the Company is continuing to explore the property both along the strike and to depth during 2021.
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Disclaimer: West Red Lake Gold Mines Inc. is an advertorial member of InvestorIntel Corp.
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