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Title: West Red Lake Gold Poised For Production as Gold hits CAD $4,100 per Ounce

Canada, 19th Feb 2025 – Sponsored content disseminated on behalf of West Red Lake Gold. On February 13, 2025, West Red Lake Gold Mines (TSXV: WRLG) (OTCQB: WRLGF) provided an update on restart readiness activities, including bulk sampling, mill start-up and underground development.“We have 185 employees and 50 contractors currently active on site,” reported Shane Williams, President and CEO of WRLG in the February 13 press release.According to a conservative Pre-Feasibility Study released in January 2024, the Madsen mine will generate $70 million/year in free cash flow @USD$2,200/ounce gold ($700/ounce lower than the current price).The update makes it clear that West Red Lake Gold is close to producing gold at the Madsen Mine. Any resource company that goes into production has beaten long odds.“As someone who has spent more than forty years financing and creating junior mining companies, I know full well what is involved in terms of risk, reward, heartache, and thrill,” wrote WRLG major shareholder Frank Giustra. It is instructive to compare mining investment success rates with those in traditional forms of gambling.Over the long haul, the success rate of poker players is 30%.  At the roulette wheel the success rate is 5%, and for bettors at the horse track it’s only 1%.The success rate of mineral exploration companies is even lower.“The likelihood of a discovery leading to a mine being developed is very low,” confirms the World Gold Council.  “Less than 0.1% (1/1,000) of prospected sites will lead to a productive mine.”It typically takes 10-15 years to put a gold project into production. West Red Lake Gold is doing it in two years.In its quest to become a gold producer quickly to take advantage of the strong gold market the team predicted was coming...

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