Chart

Red Lake Gold

Website News SignIn




Latest News Release -
C.RGLD | July 20, 2023

(TheNewswire)

Red Lake Gold Inc

Vancouver, British Columbia - TheNewswire - July 20, 2023 - Red Lake Gold Inc. (CSE:RGLD)(“Red Lake Gold& or the "Corporation") is pleased to announce that it has contracted ProspectAir Geosurveys to perform a magnetic and time-domain electromagnetic survey (the “TDEM Exploration Survey&) over a priority block of its Whirlwind Jack project in the Red Lake region of Northwestern Ontario. The prioritized area for the TDEM Exploration Survey is next to the neighbouring project being advanced by Kinross Gold Corporation.

The Red Lake Airport will serve as the base of operation for the TDEM Exploration Survey.

“Having earlier this year achieved uncontested operatorship of the Whirlwind Jack project, we are excited to resume exploration. We believe that the TDEM survey will contribute important exploration data to vector field exploration, help minimize forward-moving surface impacts and make our advancement of Whirlwind Jack as cost-efficient as possible all while being in alignment with the retention objective of our compelling share structure. Despite recent market conditions and macro-events, we have been patient and diligent to sustain not only core project areas at Whirlwind Jack but also our capital structure, with our continued goal being to deliver impactful project exposure on a per share basis. Red Lake Gold is one of the few junior exploration companies in its immediate area that has been able to keep a stable capital structure and project-level interest which bolsters our company&s view that its substantively undiluted opportunity set remains significant. We look forward to reviewing the TDEM survey results once received and communicating our future plans as they develop at Whirlwind Jack to our fellow shareholders,& noted Ryan Kalt, Chief Executive Officer of Red Lake Gold.

The TDEM Exploration Survey will be funded using proceeds of the Corporation&s flow-through financing which closed earlier this month (see news release, Red Lake Gold Inc. Closes Flow-Through Financing, dated July 12, 2023).

On Behalf of the Board of Directors

Ryan Kalt

Chief Executive Officer

T: 604.687.2038

Email: info@redlakegold.ca

Forward-Looking Statements

This news release contains forward-looking statements. Forward-looking statements address future events and conditions, including but not limited to matters and risks related to the timing and exploration results of the TDEM Exploration Survey as well as exploration intentions and/or plans involving the Corporation and/or its capital structure and/or the Corporation&s Whirlwind Jack project and/or its constitution. Actual results may differ materially from those currently expected or forecast in such statements.

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE Exchange) accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2023 TheNewswire - All rights reserved.

Tags:
Investment Disclosure


The content provided on this website and in MineStockers episodes is for informational purposes only and should not be considered as an offer, solicitation, recommendation, or determination by MineStockers Inc. for the sale of any financial product or service or the suitability of an investment strategy for any investor.

Investors are advised to consult a financial professional to determine the appropriateness of an investment strategy based on their objectives, financial situation, investment horizon, and individual needs. This information is not intended to serve as financial, tax, legal, accounting, or other professional advice, as such advice should always be tailored to individual circumstances.

The products discussed herein are not insured by any government agency and carry risks, including the potential loss of the principal amount invested. Any information provided is based on both internal and external sources and should not be construed as an endorsement or conclusion regarding a company's financial prospects, resources, or management. Opinions expressed may change and should not be relied upon. It is crucial to seek personalized investment advice for your unique situation.

Natural resources investments are generally volatile, with higher headline risk than other sectors. They tend to be more sensitive to economic data, political and regulatory events, and underlying commodity prices. The prices of natural resources investments are influenced by factors such as the costs of underlying commodities like oil, gas, metals, and coal. These investments may trade on various exchanges and experience price fluctuations due to short-term demand, supply, and investment flows.

Natural resource investments often respond more sensitively to global events and economic data, including natural disasters, political turmoil, pandemics, or the release of employment data.

Investing in foreign markets may carry greater risks than domestic markets, including political, currency, economic, and market risks. It is essential to evaluate if trading in low-priced and international securities is appropriate for your circumstances and financial resources. Past performance does not guarantee future results.

MineStockers Inc., its affiliates, family, friends, employees, associates, and others may hold positions in the securities it covers. Some of the companies covered may be paying clients of the production.

No investment process is risk-free, and profitability is not guaranteed; investors may lose their entire investment. No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment. Diversification does not ensure a profit or protect against loss. Investing in foreign securities involves risks not associated with domestic investments, such as currency fluctuations, political and economic instability, and differing accounting standards, potentially leading to greater share price volatility. The prices of small- and mid-cap company stocks generally experience higher volatility than large-company stocks and may involve higher risks. Smaller companies may lack the management expertise, financial resources, product diversification, and competitive strengths needed to withstand adverse economic conditions.

Studio


Toronto Ontario Canada

Email

info@MineStockers.com

Phone

+1 (905) 967-2519