Press Release
West Red Lake Gold Bulk Sample Learnings Demonstrate Potential for Increased Tonnage and Contained Ounces
The PFS mine plan, which was based on $1,680/oz gold, generated strong economics that supported the restart decision. Using a higher gold price in stope design effectively lowers the cutoff grade for resource inclusion, bringing additional resource tonnes into the mine plan, producing more overall ounces.
Vancouver, BC, June 5, 2025 – Global Stocks News – Sponsored content disseminated on behalf of West Red Lake Gold. On June 3, 2025, West Red Lake Gold Mines (TSXV: WRLG) (OTCQB: WRLGF) extrapolated from lessons learned from the mining and bulk sample program at its 100% owned Madsen Mine.
“The PFS mine plan, which was based on $1,680/oz gold, generated strong economics that supported the restart decision,” stated WRLG in the June 3, 2025 press release. “However, using a higher gold price in stope design effectively lowers the cutoff grade for resource inclusion, bringing additional resource tonnes into the mine plan, producing more overall ounces.”
“When lower-grade tonnes prove to be economic, it can result in larger stopes encompassing one or several high-grade gold lenses with surrounding halo mineralization,” added WRLG.
Recent drill results at South Austin have revealed high-grade lenses that went largely unnoticed when drill holes were still widely spaced, 20 meters apart.
“As the gold price rises, more of the gold bearing rock becomes economically viable,” Maurice Mostert, Vice President Technical Services told Guy Bennett, CEO of Global Stocks News (GSN). “We don’t have to be as selective. Larger stopes typically translate to an increase in tonnage and contained ounces, and leads to lower mining costs.”
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. This led to a mine plan with 60% of the mining being small, high-grade stopes requiring the use of cut-and-fill mining, which is selective and relatively high cost. [2]
For its current mine design, West Red Lake Gold is using the “consensus long-term price” of US$2,350 per ounce – a conservative number about $1,000 per ounce below the current gold price.
The test mining and bulk sample program had two goals:
1. To confirm that the geologic, engineering, and mining workflow at Madsen enables the Company to model and mine mineralization accurately.
2. To test various mining scenarios and use the results to enable confident mine design that maximizes economic extraction.
On a complexity scale, if an open pit mine is like chopping firewood, the Madsen Mine is fine-cabinetry, requiring blueprints, meticulous planning, specialised knowledge and precision tools.
Communicating technical and geological complexities to retail investors also requires specialised knowledge.
On May 23, 2024 WRLG announced the appointment of Gwen Preston to the position of Vice President Investor Relations.
Preston holds an undergraduate degree in science and a master’s in journalism. Prior to her appointment at WRLG, Preston was the CEO of Resource Maven, a senior financial writer and a veteran public speaker.
“We are assembling an elite team of professionals,” Shane Williams, President and CEO of WRLG told GSN. “Gwen is a big asset to our roster of VPs. She understands geology, demand drivers, political risks, the regulatory environment and capital markets.”
In this June 3, 2025 video, Preston gives context to the lessons learned from the mining and bulk sample program.
“West Red Lake Gold reported on what we learned while test mining the bulk sample and how those learnings are guiding our mine plan at the Madsen mine,” stated Preston in the video.
“We learned that we can mine right up against old stopes. When we tried that, old stopes remained competent, and so did the backfill in them. It means that everything stayed in place. We can mine safely up against those old stopes, and the targeted mineralization won’t get diluted from material falling into it.”
“This reduces some barriers in how to engineer the mine, and it unlocks resources that were on the back burner until this test was complete.”
“The test mining program also showed the efficiency of mining larger shapes than we expected, and mining clusters of those stopes.”
“At Madsen, gold often exists as high-grade lenses, in some cases surrounded by lower-grade, mineralized halos,” stated Preston. “Small stopes that were targeting one high-grade lens often become larger mining shapes encompassing several high-grade lenses and the halo mineralisation around them. Those larger mining shapes can often be mined by long hole stoping.”
Larger stopes and clusters of proximal stopes, known as mining complexes, have the potential to increase a mine’s economic benefit and scale as compared to smaller, isolated stopes. This is because they can positively impact three key economic drivers:
- Mining cost: Larger stopes can generally be mined via long hole stoping. Long hole stoping is significantly lower cost per tonne compared to cut and fill mining [3]. The Madsen Mine bulk sample was mined exclusively by long hole stoping methods with a very high success rate, and the majority of the 18-month detailed mine plan is long hole mining.
- Cost of access development per tonne mined: Larger stopes and stopes clustered in mining complexes spread the cost of developing access to a mining area over more ounces produced from that area, reducing the overall cost of access development.
- Flexibility and efficiency: The ability for a mine to focus on a few large mining complexes at any given time rather than multiple isolated stopes greatly supports efficiency in equipment, personnel, and material movement planning. The Company is realizing this efficiency advantage already at the site.
“The PFS generated strong economics that were the basis of our decision to restart the mine,” confirmed Preston. “The benefits we outlined this week from larger mining shapes are expected to have a positive impact on Madsen’s long-term profitability.”
“I’m recording this from a hotel in Quebec City ahead of a conference here,” concluded Preston in the video. “Then the team is going straight into two days of investor meetings in New York City. It’s exciting to be on our first road trip talking about West Red Lake Gold as an operating gold miner.”
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
Disclaimer: West Red Lake Gold paid Global Stocks News (GSN) $1,750 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. Please refer to the technical report entitled “NI 43-101 Technical Report and Prefeasibility Study for the Madsen Mine, Ontario, Canada”, prepared by SRK Consulting (Canada) Inc. and dated January 7, 2025. A full copy of the SRK report is available on the Company’s website and on SEDAR+ at www.sedarplus.ca.
2. See PFS Section 16.5.3 Mining Methods – Underground Mining Methods – Planned Mining Methods.
3. See PFS Report Section 21.3.2 Capital and Operating Costs – Operating Cost Estimates – Mining.
Additional References:
4. Mineral reserve estimates based on a gold price of US$1,680/oz and an exchange rate of 1.31 C$/US$. Longhole stope cut-off grade of 4.30 gpt Au based on an estimated operating cost of C$287.34/t including mining, plant and G&A. Mechanized Cut and Fill stope cut-off grade of 5.28 gpt Au based on an estimated operating cost of C$354.90/t including mining, plant and G&A. Incremental development cut-off grade of 1 gpt Au. A small amount of incremental longhole tonnes were included at a cut-off grade of not less than 3.4 gpt Au, these must be immediately adjacent to economic stopes that will pay for the capital to access area.
5. Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US$1,800/oz. Mineral resources are not considered mineral reserves as they have not demonstrated economic viability.
6. See Section 24.1 Other Relevant Data – Gold Price Sensitivity.
Media Contact
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Contact Person: guy.bennett@globalstocksnews.com
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Press Release
VestPi Launches Powerful New Website and All-In-One Marketing Dashboard Built for the Future of Web3 Growth
June 2025 — VestPi, a leading Web3 marketing and growth partner, has officially unveiled its revamped website and cutting-edge marketing operations dashboard, setting a new standard for performance tracking and campaign management across the blockchain space.
With a clean, intuitive interface and robust backend functionality, the newly released VestPi dashboard is designed to serve both internal teams and partner marketing agencies, giving users a 360° view of their campaigns, KPIs, and client outcomes in real-time.
A Unified Hub for Campaign Management
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Planning to run a private token round, influencer campaign, or post-TGE growth initiative, users benefit from transparent tracking and immediate access to campaign analytics.
Built for Agencies, Built for Scale
Unlike generic dashboards, the VestPi platform is tailored specifically for Web3 marketing agencies and project teams. Its flexible architecture allows third-party agencies to white-label and plug into the system, enabling:
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Already, early agency partners using the system have reported a 25–40% improvement in operational efficiency, citing reduced reporting time and better team coordination.
AI-Powered Insights on the Roadmap
In the next phase of its roadmap, VestPi is integrating artificial intelligence to further empower marketing teams and project founders. Planned features include:
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About the New Website
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A Platform for the Next Phase of Web3 Growth
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For partnership inquiries, onboarding, or a live demo of the dashboard, visit www.vestpi.com or contact us at contact@vestpi.com.
For business collaborations, reach out to us business@vestpi.com.
To request for a free proposal, reach out to us on Telegram.
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Press Release
Optimize Your QuickBooks Files for Faster, More Accurate Financial Management
Kingston, US, 6th June 2025, ZEX PR WIRE, As businesses grow, so does the amount of data in their QuickBooks files. Over time, these files can become cluttered and slow, leading to decreased performance and potential errors. QuickBooks file optimization is a crucial service that improves both the speed and accuracy of your accounting system, helping businesses run more smoothly.
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As QuickBooks files grow in size, the likelihood of corruption or data loss increases. Regular file optimization helps identify and address potential issues early, preventing corruption and ensuring that your data remains intact. This proactive approach can save your business from costly and disruptive downtime.
QuickBooks file optimization helps streamline your accounting data by eliminating inactive accounts, old transactions, and irrelevant entries. This not only improves performance but also makes it easier to manage your financial information, keeping your system organized as your business grows.
QuickBooks file optimization is a simple yet effective way to ensure that your accounting system runs efficiently and accurately. By improving system performance, enhancing data integrity, preventing file corruption, and simplifying data management, optimization helps your business save time and reduce the risk of costly errors.
About E-Tech
E-Tech is the leading service provider of QuickBooks File Repair, Data Recovery, QuickBooks Conversion and QuickBooks SDK programming in the UK and Ireland. In our 20 years plus of experience with Intuit QuickBooks, we have assisted over a thousand satisfied customers with their requirements.
We offer a range of services for existing QuickBooks users and provide comprehensive solutions for small businesses. Additionally, our expertise covers the US, UK, Canadian, Australian (Reckon Accounts), and New Zealand versions of QuickBooks (PC and Mac platforms).
For media inquiries regarding E-Tech, individuals are encouraged to contact Media Relations Director, Melanie Ann via email at Melanie@e-tech.ca.
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Press Release
Why More Businesses Choose QuickBooks Over AccountEdge for Simplicity and Scale
Brandon, MB, 6th June 2025, ZEX PR WIRE, For businesses looking to streamline their accounting processes, switching from AccountEdge to QuickBooks can offer a host of benefits. While AccountEdge has been a reliable solution for many businesses, QuickBooks offers advanced features, better integration, and a more user-friendly experience, making it a popular choice for growing companies.
One of the biggest advantages of QuickBooks over AccountEdge is its user-friendly interface. QuickBooks is designed to be intuitive, making it easy for both accountants and non-accountants to manage finances, create invoices, track expenses, and generate reports. AccountEdge can feel more complex, particularly for users without accounting expertise.
QuickBooks Online offers the ability to access your financial data from anywhere, at any time, using any device with an internet connection. This cloud-based solution is ideal for businesses with remote teams or owners who need to manage finances on the go. AccountEdge, while offering desktop and cloud versions, is not as fully integrated in the cloud as QuickBooks Online, which limits flexibility.
QuickBooks offers a wide range of versions and apps that can scale with your business. Whether you’re a small business or a large enterprise, there’s a QuickBooks solution that fits. Additionally, QuickBooks integrates seamlessly with over 650 third-party apps, including payment processors, CRM systems, and e-commerce platforms, providing more automation and efficiency. AccountEdge, while offering some integrations, is more limited in this regard.
QuickBooks offers 24/7 customer support and a vast community of users who share tips and insights. Their customer service is well-known for being responsive and helpful. In contrast, while AccountEdge provides support, it is often considered less comprehensive compared to QuickBooks’ resources.
QuickBooks provides more powerful and customizable reporting and analytics tools. You can generate detailed financial reports with ease, giving you better insights into your business’s performance. AccountEdge’s reporting features are robust but are not as versatile or easy to customize as QuickBooks.
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