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West Red Lake Gold Mines (TSXV: WRLG) Sells 2,350 oz of Gold from Madsen Mine Bulk Sample
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Highlights
West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG)(OTCQB: WRLGF) has announced the sale of 2,350 ounces of gold produced from its Madsen Mine bulk sample. The sales occurred between late March and early May, with the gold fetching a weighted average price of US$3,293 per ounce, resulting in proceeds of US$7.7 million.
The Company had produced a total of 2,498 ounces of gold from the bulk sample, with the remaining gold to be sold upon final settlements with the refiner. These sales represent a significant step for West Red Lake Gold as it continues to advance its operations in the Red Lake District of Ontario, a well-known gold-producing region.
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