You're contacting media contact of this press release

Title: West Red Lake Golds Rowan PEA Projects Average Annual Production of 35000 ounces at 8 grams per tonne AISC of US$1408 per ounce

Vancouver, BC, July 10, 2025 – Global Stocks News - Sponsored content disseminated on behalf of West Red Lake Gold. On July 8, 2025, West Red Lake Gold Mines (TSXV: WRLG) (OTCQB: WRLGF) published the results of a Preliminary Economic Assessment (PEA) at its 100%-owned Rowan project in the Red Lake Gold District of northwestern Ontario, Canada.The Rowan Project is 80 kilometers by road from the operating Madsen Mine and mill.“Rowan is a high-grade, relatively wide, nearly vertical deposit that starts at surface, and this PEA captures how such designed-for-mining characteristics lead to strong economics,” confirmed Shane Williams, WRLG President and CEO, in the July 8, 2025 press release.Rowan Select PEA Highlights:High-Grade Efficient Mine: Average diluted head grade of 8.0 grams per tonne.Notable Production: 35,230 oz. average annual gold production over the 5-year mine life from an average mining rate of 385 tonnes per day.Strong Value: Post-tax NPV rises to $239M at US$3,250 per oz gold.Low Costs: US$1,408/oz all-in sustaining cost (AISC).Strong Returns: IRR of 81.7% at a US$3,250/oz gold price.High Confidence Inventory: PEA mine design includes 63% of mined tonnes and 72% of mined ounces from the Indicated category.Simple Metallurgy: Free gold-dominant mineralization resulting in 75.8% to 94.9% gold recovery through gravity processing.Modest Initial Capital: Opportunity to develop Rowan as a toll milling operation with initial capital of just over $70 million.Multiple mills in the Red Lake area have excess capacity and are designed to process mineralization of a similar nature to the deposit at Rowan. West Red Lake Gold is planning Rowan as a mine that sends its material to another mill for processing. The toll milling plan eliminates the need for a mi...

This press release is issued by King Newswire