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“At West Red Lake Gold, we are assembling an elite team of professionals,”
“Each component is vitally important: VP of Exploration, VP of Technical Services, VP of Community Affairs and the VP of Investor Relations,” continued Williams. “Gwen Preston is a big asset to our roster of VPs. She understands geology, demand drivers, political risks, the regulatory environment and the capital markets.”
“Gwen Preston brings over 16 years of experience in the resource sector as a highly regarded and accomplished newsletter writer and speaker,” Williams stated in the
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We asked Preston about her background.
“I did an undergraduate degree in science, then a master's in journalism at UBC,” Preston told GSN. “The opportunities in science journalism were slim. I responded to a job posting at the Northern Miner, became interested in resource extraction, and ended up working there for seven years.”
“Between 2007 and 2014, I witnessed dramatic compressed market cycles. The great financial crisis, the quick rebound, then back into a bear market for precious and base metals.”
“Working for the Northern Miner, I traveled to projects all over the world. From Albania to
She then launched an independent newsletter. As the CEO of Resource Maven, Preston was buying and selling junior resource stocks with her own money and sharing her ideas with a subscriber base. She did not take money from the resource companies for coverage. Preston used her network to help investors get access to private placements.
“I was a bridge between the capital markets and retail investors,” confirmed Preston. “I also created a fair amount of educational content.”
In this
“Gold has done things in the last few years that it just does not usually do,” explains Preston in the video. “In the last few months, gold has repeatedly stepped higher even though western investors have actually been selling gold.”
“Chinese and Indian investors have always bought gold when the price drops, and then stop buying when it gets expensive. These long held patterns are out the window.”
“Beijing offloaded a total of
“Beijing in the gold driver's seat,” Preston told her YouTube viewers. “Western investors are just along for the ride. I don't know how high
When Preston visited the
“I first visited the
“Shane Williams is the main reason I accepted the position of VP Investor Relations at West Red Lake Gold,” Preston told GSN. “Shane is a phenomenal person, an inspirational leader, and he is honest. Also, he has a lot of experience and success building mines.”
“I think all the WRLG managers will tell you, Shane asks a lot of you,” Preston continued. “The team always steps up, because of who he is and how he interacts with people. The Madson mine could stay medium sized and make money, or it could get very big. Either way, West Red
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On
HIGHLIGHTS:
Hole MM24X-03-5127-010Intersected 2.79m @ 37.33 grams per tonne gold (“g/t Au”), from 124.21m to 127m, Including 1.0m @ 88.06 g/t Au, from 125.21m to 126.21m.
Hole MM24X-03-5127-011Intersected 9.02m @ 5.26 g/t Au, from 53.06m to 62.08m, including 0.88m @ 22.34 g/t Au, from 58m to 58.88m, also Including 0.5m @ 26.18 g/t Au, from 61.08m to 61.58m; And 2.54m @ 5.21 g/t Au, from 118.46m to 121m; Including 0.61m @ 16.60 g/t Au, from 118.96m to 119.57m.
Hole MM24X-03-5127-007Intersected 1.57m @ 25.12 g/t Au, from 128m to 129.57m, Including 1.0m @ 31.47 g/t Au, from 128m to 129m.
Hole MM24X-03-5127-001Intersected 2m @ 9.5 g/t Au, from 72m to 74m, Including 1.0m @ 17.94 g/t Au, from 73m to 74m.
The current underground drilling program at the
Drilling has been focused on the more continuous and higher-grade portions of the
Contact:guy.bennett@globalstocksnews.com
Disclaimer: West Red Lake Gold paid GSN
Full Disclaimer
References:
SRK Consulting . (2021). Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for thePureGold Mine ,Canada (West Red Lake Gold Mines , Ed.) [Review of Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for thePureGold Mine ,Canada .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 bySRK Consulting (Canada) Inc. , and datedJune 16, 2023 , and amendedApril 24, 2024 . A full copy of the SRK report is available on the Company’s website and on SEDAR+ at www.sedarplus.caMineral 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 bySRK Consulting (Canada) Inc. , and datedJune 16, 2023 , and amendedApril 24, 2024 . The Madsen Resource Estimate has an effective date ofDecember 31, 2021 and excludes depletion of mining activity during the period fromJanuary 1, 2022 to the mine closure onOctober 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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