Can New Leadership Unearth Hidden Value at Previously Embattled West Red Lake Gold Mines?
March 1, 2024
Excerpt:
Methodical Plan in Motion to De-risk Asset
”Without tight definition drilling and representative samples, miners cannot accurately gauge grades or geology, leading to dilution and efficiency issues. Misunderstanding the narrow veins also drove Pure Gold to use mining methods unsuitable to the ore body. West Red Lake plans to spend the next 12-15 months and $20 million on development and 50,000 meters of definition drilling to better delineate minable shapes.”
”Details like drill intervals and widths will help demonstrate continuity, while avoiding misleading headlines.”
https://www.cruxinvestor.com/posts/can-new-leadership-unearth-hidden-value-at-previously-embattled-west-red-lake-gold-mines
Kind regards,
Can New Leadership Unearth Hidden Value at Previously Embattled...
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