West Red Lake Gold Mines Ltd. (TSX-V: WRLG) (OTCQB: WRLGF) is pleased to report on sales of the gold produced from the Madsen Mine bulk sample.

To date the Company has sold 2,350 oz. of the 2,498 oz. that were produced in the bulk sample.

The gold was sold at a weighted average gold price of US$3,293 per oz. in sales that took place between late March and early May, for proceeds to date of US$7.7 million.

The remaining gold will be sold on final settlements with the refiner.

 

QUALIFIED PERSON

The technical information presented in this news release has been reviewed and approved by Maurice Mostert, P.Eng., Vice President of Technical Services for West Red Lake Gold and the Qualified Person for technical services at the West Red Lake Project, as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

 

ABOUT WEST RED LAKE GOLD MINES

West Red Lake Gold Mines Ltd. is a mineral development company that is publicly traded and focused on advancing and developing its flagship Madsen Gold Mine and the associated 47 km²Â 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 km²Â including three past producing gold mines – Rowan, Mount Jamie, and Red Summit.