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West Red Lake Gold's Rowan Project PEA Shows Strong Economics at US$3,250 Gold
July 10, 2025 — NewsWall — West Red Lake Gold Mines (TSXV: WRLG) (OTCQB: WRLGF) announced 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 PEA highlights a high-grade, efficient mine with an average diluted head grade of 8.0 grams per tonne and notable production of 35,230 ounces average annual gold production over the 5-year mine life from an average mining rate of 385 tonnes per day.
The Rowan Project is 80 kilometers by road from the operating Madsen Mine and mill. The post-tax NPV rises to $239M at US$3,250 per oz gold, with low costs at US$1,408/oz all-in sustaining cost (AISC) and a strong IRR of 81.7% at a US$3,250/oz gold price. The PEA mine design includes 63% of mined tonnes and 72% of mined ounces from the Indicated category, with simple metallurgy resulting in 75.8% to 94.9% gold recovery through gravity processing. Initial capital is just over $70 million.
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 mill and an on-site tailings facility at Rowan.
WRLG plans to complete a Pre-Feasibility Study (PFS) on the Rowan Project by Q3 2026. WRLG plans to complete a Pre-Feasibility Study (PFS) on the Rowan Project by Q3 2026. There are multiple opportunities to define additional mineralization at Rowan by: Expansion drilling on the two main veins of the deposit included in this PEA mine plan (v001 and v004), especially at depth. Infill and expansion drilling on parallel veins adjacent to the PEA mine plan, with data gaps stemming from selective historic drill sampling.
During the 2023 drill campaign, West Red Lake Gold demonstrated that gold mineralization regularly persists into the altered wall rock adjacent to high-grade gold veins.
The 2023 drill campaign included hole RLG-23-163B, which returned 70.8 g/t gold over 8.3 metres.The Rowan vein system has only been defined down to approximately 400 metres and remains wide open for expansion at depth.
The PEA is preliminary in nature, includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized.
For the last 18 months, WRLG has been focused on putting the Madsen Mine back in production.
On June 25, 2025, West Red Lake Gold Mines provided an update on ramp-up operations at the Madsen Mine in Red Lake, Ontario.
WRLG continues to build up its fleet of mining equipment.
On June 3, 2025, WRLG extrapolated from lessons learned from the mining and bulk sample program at its 100% owned Madsen Mine.
The mine plan in the Madsen Mine Pre-Feasibility Study (PFS) [1] used a gold price of US$1,680 per oz – about 50% of the current gold price.
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 technical disclosure at the West Red Lake Project, as defined by NI 43-101 “Standards of Disclosure for Mineral Projects”.
Contact: guy.bennett@globalstocksnews.com