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Structural Repetition: West Red Lake Gold’s New Ore Shoot is Similar to the High-Grade 8-Zone

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2 months ago

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West Red Lake Gold Mines is currently working towards a restart at the Madsen Gold Mine in the Red Lake Gold District of Northwest Ontario, Canada. A Pre-Feasibility Study (PFS) for the Madsen Mine is targeted for release in early 2025. The WRLG management team projects a mine-restart date in 2025.

Vancouver, BC, Canada, 27th Nov 2024 – Sponsored content disseminated on behalf of West Red Lake Gold. On November 21, 2024 West Red Lake Gold Mines (TSXV: WRLG) (OTCQB: WRLGF) reported additional drill results that define a new ore shoot at the Upper 8 Target following up on the October 2, 2024 intercepts of 44.17 g/t Au over 1.3 meters and 20.63 g/t Au over 0.5 meters.

West Red Lake Gold Mines is currently working towards a restart at the Madsen Gold Mine in the Red Lake Gold District of Northwest Ontario, Canada. A Pre-Feasibility Study (PFS) for the Madsen Mine is targeted for release in early 2025.  The WRLG management team projects a mine-restart date in 2025.

“Our main objective this year with the surface drill program was to make new discoveries,” Will Robinson, VP of Exploration told Guy Bennett, CEO of Global Stocks News (GSN). “We have been focusing on drill targets generated from our conceptual modeling that possess the geologic potential to produce high grades.”

“The initial results we received from Upper 8 were very encouraging and motivated our team to add a second drill to focus solely on this new high-grade area,” stated Shane Williams, WRLG President and CEO in the November 21, 2024 press release.

“Upper 8 was already a shallow geologic analog to the deeper 8 Zone, but with the exceptional grades and visible gold showings we’re now encountering, this target is becoming truly reminiscent of the high-grade gold mineralization Red Lake is known for,” continued Williams.

“It’s still early days, but we believe the Upper 8 target has the potential to become the next new significant discovery in the Red Lake gold camp and supports the likelihood for the presence of more high-grade deposits like 8-Zone yet to be discovered across the Madsen property.”

“If you compare 8-Zone with Upper 8, you’ll see the structural repetition in the way the mineralisation is oriented in these two shoots,” confirmed Robinson. “Our theory is that we may have one or two more of these zones stacked between Upper 8 and the deeper 8-Zone. Next year, we’ll get back in there with the drill, to test that theory.”

The Upper 8 target is hosted within the same lithologic unit (Russet Lake Ultramafic) approximately 750m up-plunge from the main 8-Zone deposit.

Its location in ultramafic rocks, its style of mineralization, and its exceptionally high grades make the 8 Zone geologically unique from the main Madsen deposit.

The 8 Zone currently contains an Indicated mineral resource of 87,700 ounces @ 18 grams/tonne gold, with an additional Inferred resource of 18,200 oz @ 14.6 grams/tonne gold.

“The size of the Upper 8 shoot that we’ve defined is similar in size and scale to the deeper high-grade 8 Zone,” Robinson told GSN. “The new shoot is 30 meters wide and 130 meters along plunge. We’ve only got 15 or 16 holes in the Upper 8. We are in an early stage of drilling on this target, but I’m encouraged by what we’re seeing. The geology is holding together.”

 

“The Pre-Feasibility Study (PFS) for the Madsen Mine is nearing completion,” stated WRLG in the November 21, 2024 press release. “The final phase of this study involves optimizing underground development and infrastructure sequencing and refining the associated operating and capital costs. West Red Lake Gold is working with SRK Consulting on these optimization opportunities, a process that is expected to take an additional few weeks to complete. As such the PFS is now targeted for release early in 2025”.  

The WRLG Pre Feasibility study will be based on:

1. Real Costing: Operating underground at the Madsen Mine for the last year means West Red Lake Gold understands the real costs for blasting, mucking, and haulage of mined material.

2. Final Engineering: The Madsen Mine is essentially built. With the mine having operated as recently as 2022 and with West Red Lake Gold having studied and remedied many of the issues from that period over the last 18 months, there are very few unresolved engineering questions at Madsen.

3. Detailed Mine Plan: West Red Lake Gold has built a detailed mine design for the first 18 months of operation and intends to have 24 months of definition drilled in-situ mineral inventory defined prior to restart, which is targeted for mid-2025. This level of operational readiness far exceeds what is typical at the PFS stage in most development scenarios.

“Today, a tight labour market has made filling mining jobs harder than ever,” reports the Canadian Mining Journal. “Headhunting has become widespread, negotiations have gotten more complex, and as the industry is experiencing a wave of retirements.”

“Training is extremely important,” Robinson told GSN, acknowledging the challenge. “So are working conditions. We have a beautiful new camp at the mine site. Every room has its own restroom. That’s a perk usually reserved for top brass. A lot of the workforce live locally in Red Lake. But we have diesel mechanics, welders and pipe fitters flying in from other areas. In this tight labour market, the quality of the camp is an important part of worker retention.”

West Red Lake has partnered with Horizon North to provide the 114-person accommodations and mine dry facilities for the Madsen mine site.

Typical Horizon North Facility Built for Canadian Mining Camps

The Madsen Mine deposit presently hosts an NI 43-101 Indicated resource of 1.65 million ounces of gold grading 7.4 g/t gold and an Inferred resource of 0.37 Moz of gold grading 6.3 g/t gold. [1.] [2.] [3.]

The technical information presented in this news release has been reviewed and approved by Will Robinson, P.Geo., Vice President of Exploration for West Red Lake Gold and the Qualified Person for exploration at the West Red Lake Project, as defined by NI 43-101 “Standards of Disclosure for Mineral Projects”.

Contact: guy.bennett@globalstocksnews.com

Disclaimer: West Red Lake Gold paid Global Stocks News (GSN) $1,500 for the research, writing and dissemination of this content.

Full Disclaimer: GSN researches and fact-checks diligently, but we cannot ensure our publications are free from error. Investing in publicly traded stocks is speculative and carries a high degree of risk. GSN publications may contain forward-looking statements such as “project,” “anticipate,” “expect,” which are based on reasonable expectations, but these statements are imperfect predictors of future events. When compensation has been paid to GSN, the amount and nature of the compensation will be disclosed clearly.

References:

  1. SRK Consulting. (2021). Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada (West Red Lake Gold Mines, Ed.) [Review of Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada.
  2. Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US1,800/oz. Please refer to the technical report entitled “Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada”, prepared by SRK Consulting (Canada) Inc., and dated June 16, 2023, and amended April 24, 2024. A full copy of the SRK report is available on the Company’s website and on SEDAR+ at www.sedarplus.ca
  3. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to the technical report entitled “Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada”, prepared by SRK Consulting (Canada) Inc., and dated June 16, 2023, and amended April 24, 2024. The Madsen Resource Estimate has an effective date of December 31, 2021 and excludes depletion of mining activity during the period from January 1, 2022 to the mine closure on October 24, 2022 as it has been deemed immaterial and not relevant for the purpose of the updated report. A full copy of the SRK report is available on the Company’s website and on SEDAR+ at www.sedarplus.ca

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Organization: Global Stocks News

Contact Person: guy.bennett@globalstocksnews.com

Website: https://www.globalstocksnews.com

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Country: Canada

Release Id: 27112420435

The post Structural Repetition: West Red Lake Gold’s New Ore Shoot is Similar to the High-Grade 8-Zone appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

Golden Mongkhon 2025: A National Muay Thai Extravaganza in Bangalore

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42 minutes ago

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January 22, 2025

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Bangalore, January 20, 2025 – The Golden Mongkhon 2025, India’s premier Muay Thai championship, wrapped up with roaring success at St. Benedict’s Academy, Bangalore, from January 16 to 19. The event showcased the very best of Indian Muay Thai, with 75 fighters from across the nation delivering electrifying performances.

A Platform for Champions

The tournament featured fighters from all age groups and weight categories, highlighting the immense talent within India’s Muay Thai community. Among the standout performers:

  • Fahad Zeban (Kolkata), a two-time title belt holder (2024 and 2025), wowed the audience with his precision and power.
  • Mezan ur Rehman Khan (Kolkata) impressed with his technical prowess and aggressive style.
  • Sumanth P (Karnataka) created history by winning the title belt for the third consecutive year (2023, 2024, and 2025), cementing his legacy in Indian Muay Thai.

Young fighter Sushil (aged 11), waiting for his round to begin, that won the hearts of all audineces.

The event wasn’t just about the seasoned fighters. Young talents like Ryan Immanuel, Ryan Samuel (twins), Sushil, and Nalan and Nikalyan Raj (twins) stole the show in the kids’ division with their exceptional skills, captivating the audience with their confidence and charisma.

Electric Atmosphere and Seamless Execution

The venue saw nearly 300 spectators, including families, coaches, and martial arts enthusiasts, who filled the arena with passionate cheers. Fighters were even given quirky nicknames by the crowd, reflecting their unique fighting styles and personalities.

One of the event’s highlights was the seamless execution by the organizers. Even when the ring sustained minor damage during an intense bout, the issue was resolved swiftly in just 30 minutes, allowing the event to proceed without delay. During this time, the crowd enjoyed a quick tea break, ensuring everyone remained engaged and energized for the remaining matches.

Praise from Coaches

The event received accolades from participating coaches, particularly those from Kolkata and Tamil Nadu, who applauded the efficient scheduling and smooth operations.

“Normally, our fighters have to endure long waits before their bouts, which can be mentally draining. But here, everything ran like clockwork. The fights started and ended on time, giving fighters ample time to recover, celebrate their wins, and interact with others,” shared coach Lionel from Kolkata.

A Vision for the Future

Golden Mongkhon team with some of the Bengaulru Fighters

The brainchild behind Golden Mongkhon, Hemanth Kumar, an official with the World Muay Thai Federation, expressed his happiness with the event’s success. “This year’s Golden Mongkhon highlighted the immense potential of Indian fighters. My goal is to elevate this brand to the international level by organizing professional events that rival global standards,” he said.

Hemanth also revealed plans to expand the event into a professional league later this year, with details to be announced soon.

A Celebration of Muay Thai

Golden Mongkhon 2025 was not just a competition—it was a celebration of talent, discipline, and community. With fighters like Thirubalachandran, India’s first Muay Thai world champion, setting the stage for inspiration, the event showcased the bright future of Indian Muay Thai.

As the event concluded, the fighters and coaches left not only with medals but also with memories, camaraderie, and the promise of even bigger things to come. With its growing success, Golden Mongkhon is on track to become a global phenomenon, putting India on the Muay Thai map.

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Press Release

KTS Finance Introduces Its Official App to Transform Insurance and Investment Management

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10 hours ago

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January 21, 2025

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GlobePRWire / January 21, 2025, KTS Finance, established in 2018 by Ermal Kopani, proudly announces the launch of its groundbreaking official application. Designed to simplify the management of insurance policies and investment products, the app offers customers a faster, more transparent, and self-sufficient experience.

With just a few clicks, users can purchase insurance and investment products through the app’s intuitive interface. The platform allows real-time tracking of requests, personalized quote generation, and regular updates. Accessible on both smartphones and computers, the app provides a seamless, round-the-clock financial management solution.

Simplified Financial Operations for Customers

The new app serves as a comprehensive tool for efficiently managing financial needs. From purchasing policies to tracking applications and receiving timely notifications, the platform enhances convenience and clarity for users.

“This app is a testament to our dedication to innovation and customer satisfaction,” said Ermal Kopani, founder of KTS Finance. “Our mission is to simplify complex processes with secure and efficient solutions tailored to modern financial demands.”

Empowering Collaborators with Advanced Tools

The app isn’t just built for customers—it also includes advanced features for KTS Finance collaborators. It streamlines operations with centralized policy management, planning and analysis tools, and integrated communication systems. By automating routine tasks and providing real-time insights, the app enables collaborators to focus on delivering exceptional service.

This dual-purpose design creates a unified and efficient financial ecosystem that benefits both users and internal teams.

A Secure and Scalable Platform

The KTS Finance app is designed to meet the needs of a wide range of users, from individuals to large enterprises. Its scalable architecture allows it to handle operations of varying sizes and complexities, ensuring flexibility for personal use, small businesses, and large organizations.

To ensure data security, the app employs cutting-edge encryption technology and strict access controls. Users can confidently manage their financial information, knowing the platform adheres to industry-leading security and compliance standards.

A Forward-Thinking Solution for the Digital Era

With the launch of its official app, KTS Finance reinforces its position as a leader in the insurance and financial sectors. The platform underscores the company’s commitment to innovation, addressing the evolving demands of an increasingly connected world.

Key features of the KTS Finance app include:

  • Quick Transactions: Effortlessly purchase insurance and investment products.
  • Real-Time Updates: Track the status of requests instantly.
  • Personalized Quotes: Generate custom quotes independently.
  • 24/7 Access: Manage finances anytime, anywhere on smartphones or computers.
  • Collaborator Tools: Advanced features for policy management, performance analysis, and internal communication.
  • Scalability: Suitable for individuals, small businesses, and large enterprises.
  • Data Security: High-level encryption and compliance with industry regulations.

About KTS Finance

Founded in 2018 by Ermal Kopani, KTS Finance specializes in insurance and investment products, delivering secure and innovative solutions for modern financial management. With a strong commitment to customer satisfaction and technological advancement, KTS Finance continues to reshape the industry.

For more information about the app and its features, visit the KTS Finance website or download the app today.

http://ktsfinance.com 

SOURCE: KTS Finance

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Press Release

The Technological Revolution Ignites: Originschain and Edge Computing Driving an Intelligent Future

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10 hours ago

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January 21, 2025

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GlobePRWire / January 21, 2025, In today’s rapidly advancing technological landscape, edge computing, as a vital technical tool, is deepening its integration with blockchain technology to drive the arrival of an intelligent future. In simple terms, edge computing decentralizes data processing and computational tasks from traditional data centers to locations closer to the data sources. This reduces latency, improves efficiency, and enhances data privacy. Such a decentralized computing method is particularly suited for real-time processing and rapid decision-making scenarios, including smart devices, autonomous driving, and smart cities.

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With the widespread adoption of the Internet of Things (IoT) and smart devices, the generation and processing of massive amounts of data have become a challenge in modern society. Traditional cloud computing centers often face bottlenecks in bandwidth, latency, and computational resources when handling these data. The rise of edge computing partially addresses these issues by distributing computational resources at the network edge, enabling localized data processing, reducing dependence on centralized servers, and dramatically improving response times.

In this context, Origins chain’s decentralized features offer new opportunities for edge computing applications. As a decentralized blockchain platform, Origins chain is dedicated to providing global users with distributed computing resources and data storage services, which strongly supports edge computing. Through Origins chain, users can contribute their computational resources, including idle GPU and CPU power, to participate in the network’s computational tasks. This resource-sharing mechanism not only enhances computing efficiency but also reduces reliance on centralized computing centers, enabling distributed execution of data processing and computational tasks.

Furthermore, Origins chain employs a Proof of Stake (POS) mechanism, where users earn rewards by staking tokens and participate in the platform’s ecosystem development and technological upgrades. As a result, participants not only benefit from shared edge computing resources but also actively contribute to the innovation and progress of decentralized computing platforms. This incentive structure ensures that global users can both share computing resources and play a role in advancing intelligent technology, thereby fostering the growth of a decentralized smart ecosystem.

Edge computing demands efficient, stable, and secure computing and storage support, and Originschain provides the ideal infrastructure for this purpose. Whether in finance, healthcare, or supply chain management, edge computing can perform tasks more efficiently, improve decision-making speed, and ensure data security through Originschain’s decentralized network. In these sectors, distributed computing reduces latency, accelerates response times, and ensures that critical tasks are processed promptly in real-time environments.

Additionally, Origins chain provides developers and researchers with flexible development tools and frameworks, enabling them to quickly deploy edge computing applications on the blockchain. This innovative development environment allows more technological applications to be realized on decentralized platforms, breaking away from the reliance on centralized resources and capital typical of traditional computing solutions.

In the future, with the deep integration of edge computing and blockchain technology, Origins chain will play an important role in building an intelligent society. By offering decentralized infrastructure for edge computing, Originschain not only supports the efficient operation of smart devices and automated systems but also creates opportunities for global users to participate in the intelligent future. As technology continues to evolve, Originschain is poised to become a powerful force in driving an intelligent society, providing continuous support for future computational tasks.

Contact Person Name: Peter Wayne 

City State: Chicago, United States 

Website: https://originspro.com/ 

Webmail: mailto:rjaynes416@gmail.com

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