West Red Lake Gold Acknowledges Truth and Reconciliation Day
In This Article:
VANCOUVER, British Columbia, Sept. 30, 2024 (GLOBE NEWSWIRE) --
September 30 marks the National Day for Truth and Reconciliation. The day is also recognized as Orange Shirt Day.
West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF) acknowledges those who were lost and those who survived residential schools, as well as their families and communities. Through implementing the Truth and Reconciliation Corporate Calls to Action, the Company is striving to be a leader in economic reconciliation.
“Actively working to see the truth of Canada’s treatment of First Nations and finding ways to reconcile and heal are essential and we keenly embrace the Corporate Calls to Action at West Red Lake Gold,” said Shane Williams, President and CEO. “While we wear orange as protective, reflective gear every day, the Orange T-Shirt is impactful to the WRLG team in how it grew out of a youth led, grass roots movement to illustrate the resilience of the survivors of residential schools, who had to fight the stripping away of culture, freedom and self-esteem.”
The Company’s Madsen Mine and Rowan projects are within Treaty #3 and the traditional territories of Lac Seul and Wabauskang First Nation, with whom West Red Lake Gold has a Project Partnership Agreement in place to guide relations.
ABOUT WEST RED LAKE GOLD MINES
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.
ON BEHALF OF WEST RED LAKE GOLD MINES LTD.
“Shane Williams”
Shane Williams
President & Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
Gwen Preston
VP Communications
Tel: (604) 609-6132
Email: [email protected] or visit the Company’s website at https://www.westredlakegold.com
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.
CAUTIONARY STATEMENT AND FORWARD-LOOKING INFORMATION
The decision to continue with the advancement of the Madsen Mine restart and the Company’s operations and plans with respect thereto, as described herein (the “Madsen Mine Restart”), are based on economic models prepared by the Company in conjunction with management’s knowledge of the property and the existing estimate of indicated and inferred mineral resources on the property set out in the report entitled, “Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada”, with an effective date of July 31, 2022, as amended on April 24, 2024, a copy of which is available on SEDAR+ at www.sedarplus.ca. The Madsen Mine Restart is not based on a preliminary economic assessment, a pre-feasibility study or a feasibility study of mineral reserves demonstrating economic and technical viability. Accordingly, there is increased uncertainty and economic and technical risks of failure associated with the Madsen Mine Restart, in particular: the risk that mineral grades will be lower than expected; the risk that additional ongoing mining operations are more difficult or more expensive than expected; and the risk that production and economic variables may vary considerably, due to the absence of a detailed economic and technical analysis undertaken in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects.