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West Red Lake Gold Mines ( (TSE:WRLG) ) has provided an update.
West Red Lake Gold Mines Ltd. has initiated a 3,000-meter infill drilling program at its Fork Deposit, located near the Madsen Mine in Ontario. This program aims to expand the high-grade gold resource at Fork, which is seen as a potential addition to the production pipeline at Madsen, enhancing the mine’s growth prospects and operational longevity.
The most recent analyst rating on (TSE:WRLG) stock is a Buy with a C$1.75 price target. To see the full list of analyst forecasts on West Red Lake Gold Mines stock, see the TSE:WRLG Stock Forecast page.
More about West Red Lake Gold Mines
West Red Lake Gold Mines Ltd. operates in the mining industry, focusing on the exploration and development of gold deposits. The company is primarily engaged in advancing its gold mining projects in the Red Lake Gold District of Northwestern Ontario, Canada, with a particular emphasis on high-grade gold opportunities.
Average Trading Volume: 2,192,792
Technical Sentiment Signal: Buy
Current Market Cap: C$348.8M
See more data about WRLG stock on TipRanks’ Stock Analysis page.