The plan has all the time been to restart Madsen as a sustainable mine. With anticipated manufacturing simply months away, we’re on observe to ship this venture from buy to manufacturing in solely two years.
Canada, 14th Apr 2025 – Sponsored content material disseminated on behalf of West Purple Lake Gold. On April 9, 2025, West Purple Lake Gold Mines (TSXV: WRLG) (OTCQB: WRLGF) up to date the market on its 22-month accelerated ramp-up to manufacturing.
West Purple Lake Gold is one in all solely 4 single-asset corporations placing a brand new gold mine into manufacturing in 2025.
Within the final 12 months WRLG has de-watered, drilled, developed, examined, bulk-mined and accomplished a tailings dam elevate, because the price of gold has risen 37% from USD $2,300 to USD $3,150. The spot price of gold is now $4,500 Canadian {dollars}.
“Gold is currently the ultimate safe haven, together with JPY, EUR, and CHF, as worries about U.S. fiscal stability and rising inflation render U.S. Treasury bonds useless as a haven investment,” said Ole Hansen, Head of Commodity Technique at Saxo Financial institution.
Sometimes, when there’s a flight to gold, the gold juniors (NYSE: GDXJ) outperform bullion and big-cap miners.
“We bought a complicated asset, assessed needs, and got to work,” said WRLG President and CEO Shane Williams within the April 9, 2025 press release. “Our plan has always been to restart Madsen as a sustainable mine. With anticipated production just months away, we are on track to deliver this project from purchase to production in only two years.”
On this April 11, 2025 video, VP of Communications Gwen Preston offers context to the pre-production updates.
“In addition to the stated goals, we also purchased and commissioned 19 major pieces of underground equipment at a cost of $5.7 million,” said Preston, “We implemented a new company-wide Enterprise Resource Planning system and we developed a mine site workforce that is now over 200 people.”
“We have said from the start that we intended to restart the Madsen mine in 2025. With all of these accomplishments, we are on track to ramp this operation up through the second half of the year.”
The press release in contrast the said operational targets with the achieved outcomes:
Aim initially said October 2023: Full 39,000 metres of underground drilling by the tip of 2024. Accomplishment: From October 2023 by way of Q1 2025: Accomplished 88,191 metres of drilling from underground at Madsen.
Aim Said October 2023: Full 3,200 metres of underground growth at Madsen in 2024. Accomplishment: Accomplished 3,065 metres of underground growth at Madsen in 2024. So far in 2025, the Firm has accomplished one other 1,178 metres. These metres are along with the event of the Connection Drift.
Aim Said June 2024: Full a Pre-Feasibility Research (PFS) for the restart of the Madsen Mine by November 2024. Accomplishment: The outcomes of the PFS have been printed on January 7, 2025.
Aim initially said June 2024: Provoke a take a look at mining program to evaluate longhole stope and cut-and-fill mining strategies. Accomplishment: Six months of take a look at mining efficiently produced the majority samples.
Aim initially said June 2024: Use a take a look at mining program to generate a bulk pattern to allow a reconciliation take a look at between anticipated and precise tonnes and grade for deliberate stopes. Accomplishment: A bulk pattern program of 6 stopes totalling not less than 15,000 tonnes is sort of full.
Aim Said October 2023, Refined June 2024: Full a 1,200-metre haulage manner connecting the East and West Portals of the Madsen Mine by March 31, 2025.Accomplishment: The 1,448-metre Connection Drift was accomplished on March 28, 2025.
Aim Said June 2024: Full a 4-metre tailings dam elevate to make sure ample capability to help tailings administration. Accomplishment: A 4-metre tailings dam elevate was accomplished on October 8, 2024.
Aim Said June 2024: Procure and set up a camp to accommodate 100 employees on the Madsen website. Accomplishment: A 114-person camp opened for operation on the Madsen Mine on March 18, 2025, with junior suites, a cafeteria, a fitness center, and full staffing.
Aim Said June 2024: Set up a everlasting major crusher. Accomplishment: A everlasting major crusher is working on the Madsen Mine.
Aim Said June 2024: Procure, set up, and workers a mine dry adequate to help miners of a full-operations Madsen mine group to transition out and in of shifts. Accomplishment: The constructed mine dry acquired its occupancy allow on April 3, 2025, and is now welcoming employees.
Aim Said June 2024: Proceed dewatering the mine. Accomplishment: Dewatering has nearly reached stage 17, an achievement of 70 vertical metres since dewatering began within the fall of 2023.
Aim Said June 2024: Set up two evaporator followers with the power to handle 2,000 cubic metres of water every day. Accomplishment: Two evaporator followers have been put in and commissioned in the summertime of 2024.
Aim Said October 2023: Publish up to date Mineral Useful resource Estimate for Rowan by This fall 2023. Accomplishment: An up to date MRE for Rowan was printed in March 2024.
Aim Said October 2023: Restart the Madsen Mine in 2025. Accomplishment: The Madsen Mine is on observe to start out working by H2 2025.
“We delivered every named project on or close to schedule,” reported Williams, “while completing a host of other requirements from staffing the mine to securing funding. Collectively, these efforts have Madsen on track to start operating in H2 2025.”
“When investors rotate into gold, they look for large producers, growing producers, and new producers,” Preston advised International Shares Information (GSN). “We are a strong candidate in the third category, operating in a Tier 1 Mining jurisdiction.”
In keeping with a conservative Pre-Feasibility Research launched in January 2025, West Purple Lake Gold’s Madsen Mine will generate CAD $93 million/yr in free money movement, calculated primarily based on USD $2,600/ounce long run gold price ($600/ounce decrease than the present price).
The price used to find out financial reserve tonnes within the PFS was US$1,680 per ounce. A graph on web page 15 of the 395-page WRLG technical report initiatives that lifting that price to US$2,400 boosts the useful resource tonnes thought of for reserve inclusion by nearly 77% (3,072 to five,438 tonnes).
Sustained greater gold costs have the potential to considerably enhance free money movement and useful resource tonnes.
The technical info offered on this information launch has been reviewed and permitted by Will Robinson, P.Geo., Vice President of Exploration for West Purple Lake Gold and the Certified Individual for technical disclosure on the West Purple Lake Mission, as outlined by NI 43-101 “Standards of Disclosure for Mineral Projects”.
Contact: man.bennett@globalstocksnews.com
Disclaimer: West Purple Lake Gold paid International Shares Information (GSN) $1,750 for the research, writing and dissemination of this content material.
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