West Red Lake on the impending “gold bull market”
Tom Meredith, Executive Chairman of West Red Lake Gold Mines Inc. (CSE: RLG | OTCQB: RLGMF) in an interview with InvestorIntel CEO Tracy Weslosky discuss gold exploration and property development. Tom tells us that West Red Lake is an exploration and development company whose goal is to make their Red Lake property an appealing purchase for mining companies. Tom also discusses their Rowan Mine joint venture (JV) partnership with gold veteran, Goldcorp.
Tracy Weslosky: We recently had an analyst do a headline story about you called, The Junior Gold Rally. Lara Smith is a big believer that we have the making of a gold bull market. She picked, out of all the companies and all the juniors on the planet, she picked West Red Lake to profile. Can you tell me why she picked you?
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Tom Meredith: Well, I can tell you that we have a story that’s— First of all, I agree that we have a gold bull market in the junior mining shares. It started about a year ago and it will probably go for several years. One of the reasons that people do like our story is because we’re in Canada, we’re in Red Lake, we do have gold deposits, we have Goldcorp as our partner and we have a 43-101 resource. We tick a lot of the right boxes.
Tracy Weslosky: I believe the quote was — she believes that (during) this time period, based on looking at the market, she sees a potential buying frenzy. Lara related it to your (West Red Lake Gold Mines) recent announcement about starting a drilling program. Can you tell us more about that?
Tom Meredith: Well, we carry on drilling programs over the years and we’re drilling right now. We’ve reported some results a little while ago. Our basic plan is to expand gold resources, build gold resources and also do the odd exploration hole looking for a new area that might yield a big deposit.
Tracy Weslosky: You specifically announced earlier this month that you were going to start an exploration drilling program. Can you give us more detail?…to access the complete interview, click here
Disclaimer: West Red Lake Gold Mines Inc. is an advertorial member of InvestorIntel Corp.
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