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“Algorithm + Credit” Rebuild the Value Foundation of DeFi

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5 years ago

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DeFi still has higher attention, with rapid technological innovation and continuous expansion of application scope, The goal of DeFi is undoubtedly to build a more effective, free, and transparent financial ecology. However, finance always develops with money and brings value exchange. Therefore, whether it is a decentralized scenario or a mass application toward reality in the future, stable cryptocurrency is crucial for users, so as to realize the dream of making virtual ideas become reality.

For this reason, in the field of cryptocurrency, many teams have been exploring stable currency. According to CryptoQuant data, stabilecoin holdings on global crypto exchanges hit a high record of $9.8 billion as of March 28, 2021. At the same time, the total stable currency market capitalization once topped $80 billion, according to CoinGecko, the current daily trading volume of all stable currencies is about $118.340 billion. Also, CoinMarketCap shows there are 16 mainstream stable currencies now.

The stable currency is illusory?

In general, both USDT and DAI are still on their way and haven’t really achieved the goal of “stable currency”. Tether’s White Paper said: “Tether is a decentralized cryptocurrency, but we are not a perfectly decentralized company. We store all of our assets as a centralized pledge.” Therefore, USDT is just borrowing the name of the cryptocurrency, but it is not really decentralized.

DAI, developed by MakerDao, is the largest decentralized stable currency on Ethereum. It is issued with the guarantee of the full amount of assets on the blockchain. It is only generated in the application scenario based on the mortgage, and the market value of the mortgage assets is the ceiling of it. Therefore, these stable currencies are illusory in a sense.

Will algorithmic stable currencies finally fail?

Now let’s take a look at the development process of algorithmic stable currencies, known as the holy grail of cryptocurrency. From stable currency1.0 represented by AMPL, stable currency2.0 represented by Basis Cash to stable currency 3.0: Frax Finance, all of them have gone through a period of growth. However, the stable currency reality is that we live under the sense of “ever-changing”, and stable value is still in the ideal.

AMPL algorithmic stable currency is used to increase or decrease the supply of AMPL in order to keep the price of AMPL around $ 1. Ampleforth uses Rebase operation to change the AMPL held by all users as a whole. The Rebase price is based on the average price of the past 24 hours. When this price is above $1.05, the AMPL balance in all users’ wallets increases simultaneously. At prices below $0.95, all users’ AMPL balances decrease simultaneously. During this process, the percentage of AMPL held by users in the supply does not change. It looks like everything is fine on its own, but when the price of cryptos falls to the point where deflation is needed, both the quantity and price of coins held by users are falling, so users face a double whammy.

So it’s easy to create a death spiral. Similarly, when crypto price rises, it is easy to create an upward death spiral. Thus it can be seen that this price model only has two possibilities: the price continues to fall, get into the infinite death circle and leave the market, and the price rises steadily to around 1USDT; Prices rising, the AMPL has been printing (dividend), AMPL reserve disappeared, crypto began to value return, people in loss cannot gain AMPL, prices will fall back near 1 USDT (need funds continue getting into the market), so it is difficult to see AMPL achieve speculation, meanwhile achieve stability, And stability is a necessary condition for a stable currency.

Basis Cash, as represented by 2.0, includes three tokens, Basis Cash (BAC), Basis Share (BAS), and Basis Bond (BAB), among which BAB is non-transferable. The BAC is the stable currency, anchored to $1; BAS is an equity token, and newly-minted BAC tokens can be allocated. BAB is a bond. There is nothing wrong with Basis Cash based on the algorithm itself, but without a good application scenario, relying on the debt market itself is dangerous. There is actually a problem with debt financing in traditional markets, where those “too big to fail” entities can take on the risk of impunity through socialized bailout costs. It is entirely possible that Basis Cash could go into a debt spiral, in which case there would be no willing contributors, the debt would accumulate and the protocol would collapse.

Finance FX is the first partial algorithmic stable currency project, adding the concept of using “partially stable” as a collateral asset to the existing algorithmic stable currency. There are two types of tokens in Frax, the stabilization token Frax, and the governance token FXS. Frax costs USDC and FXS, but only USDC during creation. The initial mortgage rate is 100%, that is, all USDC mortgage is used to cast FRAX. After that, the mortgage rate will be adjusted every hour. If the price of FRAX is more than $1, the mortgage rate will be reduced and FXS ‘share in it will be increased. Raise the mortgage rate if the Frax falls below $1. The mortgage rate is adjusted every hour by 0.25% each time. But its high mortgage ratio leads to the lack of user appeal, its currency numbers and market supply have been stagnant.

Although the above three generations of stable currencies seem to be making breakthroughs and innovations, they do not give a satisfactory answer on how to solve the credit problem. However, algorithm stable currency that cannot solve the credit problem is useless. Bitcoin came into being to solve the problem of credit, but the stable currency, as an important extension of its development, has not inherited the legacy of credit, and is still stuck in the algorithm.

Crypto Credit Network (CCN)

In the financial field, credit is the foundation and the lifeblood. This is true of both traditional and modern financial systems. In the traditional financial system, credit mainly relies on the guarantee of laws and institutions. Apart from the high operation cost, the “credit crisis” gradually exposed by financial intermediaries is the fundamental reason why people urgently embrace the blockchain technology. Algorithm stable currency is going to help cryptos solve the credit problems, guaranteeing machine credit by algorithm, which does not rely on third-party subjective will and makes transaction transparent, efficient, reliable, and stable, let people who do not have to establish credit relationship between each other to achieve cooperation and free trading, reduce the cost of credit.

However, the world of blockchain cryptocurrency is a chaotic existence without a role name. To change from chaos to brightness, each individual needs to have his or her own identity, so that we can obtain the faith like phoenix nirvana. The CCN gives each individual a unique CID (Crypto Identification), which is the most basic rule in the Crypto world. To build a new crypto world of order, autonomy, and equality.

The construction of CCN not only takes blockchain technology as support, but also has a reasonable economic incentive mechanism. Reasonable use of incentive mechanism is an effective means to stimulate all parties to participate in the construction of CCN.

A sound incentive mechanism, reasonable mechanism design from the perspective of leading efficiency and fair governance, can make the value generated by credit information flow effectively to the value provider in the blockchain world, punish the evil behavior, and resolve the conflict between individual interests and collective interests. It makes the individual’s behavior of pursuing individual interests unified with the goal of maximizing collective value.

Therefore, CCN can further clarify the economic interests of each participant and the overall interests of the network, so as to fully mobilize the enthusiasm of each participant and guarantee great development of CCN from the source.

The CCN consists of three different identities: Creator, Guardian, and Angel, all of them have established screening mechanisms. Only firm believers can obtain the CCN identity. Early believers are required to contribute to maintaining the stability of early CCN by burning GAC tokens. Therefore, they are not only holders of GaeaCoin, but also determined preachers and builders. When GaeaCoin issues additional shares, it will also receive a corresponding percentage of GAC tokens as a reward.

The establishment of this system aims to provide every GaeaCoin participant with the opportunity to contribute to the community construction, and to create a healthy crypto community culture of dedication and autonomy through consensus, symbiosis, co-construction, and sharing.

In CCN, although the identity is different, the residents on the chain of CCN build the initial transaction link according to their CID address, and constantly expand CCN on the chain. Open CID needs to be recommended by the network resident, once the link is formed, it cannot be changed forever. Each of the three different identities requires a different number of GAC tokens to burn, which can be viewed on the GaeaCoin network. GaeaCoin network residents have different rights according to their status.

The integration with the DEX: OxySwap has pioneered a full range of applications

There is a natural interdependence between exchange and stable currency. The exchange has always been an important part of crypto digital asset market, and it is also the first application place of stable currency. Like Binance with BUSD and Huobi with HUSD, OKEx also launched USDK on June 3, 2019. Traditional CEXs are fiat currencies, where fiat currencies are exchanged for cryptos. If you want to buy crypto digital assets, you need to top up fiat currency, which undoubtedly increases the economic and time costs of investors in the process of exchange. The emergence of a stable currency can not only solve the above problems but also effectively avoid legal risks in the process of the transaction.

As it should be, the integration of GaeaCoin ecology and OxySwap not only lay a solid foundation for stable currency: GAC token application, but also creates opportunities for it to open up more and wider application scenarios.

OxySwap is a decentralized exchange running on the BSC with a collection of DEX liquidity mining, which offers functions of exchange, liquidity, market making, and so on. The strength of OxySwap guarantees the usages of the stable currency: GAC.

GAC will lead a brighter way

GaeaCoin algorithm stable currency: GAC dares to face the challenge, according to the industry news, GAC praises is not only relatively stable from the concept, but also to really put into application. In addition to GAC (GaeaCoin), GaeaCoin ecology also includes GAB (GaeaCoin Bond) and GASH (GaeaCoin Share), which serve to maintain the stability of GAC. GaeaCoin Ecology also integrates GaeaCoin protocol, algorithm, robustness, price response, encryption, and other technologies, superposed with the DeFi ecology of Crypto Credit Network (CCN), OxySwap (DEX), and so on, providing a realistic solution for GAC, and leads it to move towards the real “stability”.

The integration of CCN and OxySwap points out the direction for the application of algorithmic stable currency. In fact, we can already feel the power of the GaeaCoin algorithm stable currency, and once it is used at a large scale, the ideal stable currency is expected to arrive ahead of time. DeFi will also build on this basis, using currency, lending, spot trading, and other components to build continuously upgraded Lego of DeFi.

GaeaCoin’s move directly challenges the world’s centralized stable currency giants such as USDT and USDC, but compared to the previous challenges of AMPL, BAC, and FRAX, this well-prepared challenge looks more anticipated!

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

Design Without Borders: How VakkerLight Is Redefining Global Access to High-End Lighting

Published

10 hours ago

on

April 15, 2026

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Chicago, IL, 15th April 2026, ZEX PR WIRE — There was a time when great design was tied to geography.

If you wanted access to high-end lighting, you went where it lived, Milan, Paris, New York. You worked with local showrooms, relied on trade connections, and navigated long lead times to bring those pieces into your space.

That model no longer holds.

Today, design moves globally, instantly. And companies like VakkerLight are helping redefine what it means to access, produce, and deliver high-end lighting in a connected world.

The End of Geographic Exclusivity

The internet didn’t just change how products are sold, it changed who has access to them.

Design that was once limited to architects and industry insiders is now available to homeowners, small business owners, and independent designers around the world. Inspiration travels faster. Expectations rise.

But access alone isn’t enough. The real challenge is delivering that level of design quality consistently, across borders, without compromising on materials, craftsmanship, or experience.

This is where companies like VakkerLight are setting a new standard.

Global Sourcing, Unified Vision

Modern lighting production is inherently global. Materials, components, and expertise come from different regions, each contributing something specific to the final product.

The challenge is not sourcing, it’s coherence.

Without a strong design vision and tight operational control, globally sourced products can feel fragmented. Inconsistent finishes, mismatched components, and uneven quality are common pitfalls.

VakkerLight addresses this by maintaining a centralized design philosophy while coordinating a global supply network. The result is lighting that feels cohesive and intentional, regardless of where its components originate.

Logistics as a Design Discipline

Shipping a lighting fixture is not simple. Fixtures are fragile, often complex, and require careful handling from factory to final installation.

Delays, damage, and miscommunication can quickly erode the value of even the best-designed product.

This is why logistics has become an extension of design itself. The experience of receiving and installing a fixture is part of how the product is perceived.

VakkerLight supports its global reach with regional warehousing and streamlined distribution systems, ensuring that products arrive efficiently and reliably, a critical factor for both residential customers and large-scale commercial projects.

Serving Both Individuals and Industry

One of the defining characteristics of modern lighting brands is their ability to serve multiple audiences simultaneously.

A homeowner selecting a single pendant for a dining room has different needs than a developer sourcing hundreds of fixtures for a hotel or multi-unit project. Yet both expect the same level of quality, consistency, and service.

VakkerLight operates across this spectrum, offering scalable solutions that meet the demands of individual buyers while supporting the complexity of professional design and construction projects.

Consistency at Scale

Scaling design is difficult.

As companies grow, maintaining quality becomes more challenging. Production increases, supply chains expand, and the margin for error widens.

The brands that succeed are those that build systems capable of maintaining consistency, not just in the product itself, but in the entire customer experience.

For VakkerLight, this means integrating design, manufacturing, and logistics into a cohesive operation where each stage reinforces the next.

A New Global Design Economy

We are entering a phase where design is no longer defined by location, but by access, execution, and reliability.

Consumers expect to discover a product online, understand its quality, and receive it without friction, regardless of where they are. Designers expect partners who can deliver custom or large-scale solutions across borders without compromising timelines.

This is the new standard.

VakkerLight is part of a growing group of companies meeting that expectation, combining global reach with design integrity to make high-end lighting more accessible than ever before.

Where It’s Going

The future of lighting is not just about better products. It’s about better systems.

Systems that connect design to manufacturing. Manufacturing to logistics. Logistics to customer experience.

As these systems become more refined, the gap between local and global design will continue to shrink. What will matter is not where a product comes from, but how well it is conceived, made, and delivered.

In that landscape, companies like VakkerLight are not just participating, they are helping define what comes next.

To learn more visit: https://vakkerlight.com/pages/contact-us

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Press Release

WanliFlooring Develops Integrated Flooring Solutions for Residential and Commercial Projects

Published

10 hours ago

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April 15, 2026

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China, 15th Apr 2026 – As material choices in residential and commercial construction continue to diversify, demand for environmentally responsible and high-performance building materials is steadily increasing. Against this backdrop, Shandong Wanli Decorative Materials Co., Ltd., a China SPC flooring supplier and manufacturer based in Liaocheng, Shandong Province, China, has expanded its presence in the global flooring materials sector through ongoing development in production capacity and manufacturing processes.

Company Overview
Core Business and Industry Positioning
Shandong Wanli Decorative Materials Co., Ltd. focuses on the production and distribution of environmentally conscious flooring materials. Its primary product portfolio includes SPC (stone plastic composite) flooring, LVT (luxury vinyl tile) flooring, and laminate flooring, complemented by a full range of flooring accessories.

As a comprehensive decorative materials manufacturer, the company operates integrated production facilities designed to support large-scale manufacturing and stable supply. It currently maintains 10 production lines and is planning to expand to 20 lines following the completion of a new manufacturing facility. Its products are distributed across multiple international markets, supporting a range of residential, commercial, and project-based applications.
Company History
The company has been active in the flooring industry for approximately two decades. It began operations in 2006 as a laminate flooring workshop and has since expanded into a broader manufacturing platform.
In 2011, Chiping Xinfeng Wood Co., Ltd. was established to expand engineered flooring capacity.
In 2018, Shandong Wanli Decorative Materials Co., Ltd. was formally established to focus on SPC flooring production, alongside Liaocheng Desco Decorative Materials Co., Ltd., which manages international trade operations.
In 2022, Shandong Wanli New Materials Co., Ltd. was established in Jinan, Shandong Province, China, to further support global market expansion.
In 2023, the company introduced LVT flooring products, completing a more comprehensive product portfolio.
In 2024, extrusion equipment for SPC flooring was upgraded to improve production efficiency.
In 2025, large-format engineered flooring press equipment was added to expand product specifications.
In 2026, the addition of 10 new production lines is expected to significantly increase manufacturing capacity.
Through ongoing upgrades in production technology and capacity, the company continues to expand its ability to supply flooring materials across multiple categories.
Core Products
SPC Flooring
SPC (stone plastic composite) flooring is manufactured using natural calcium carbonate and PVC through high-pressure extrusion processes. The material is characterized by water resistance, dimensional stability, and resistance to wear and impact. It is commonly used in residential, commercial, and project-based environments.
Dry Back LVT Flooring
LVT flooring, also referred to as luxury vinyl plank (LVP) or luxury vinyl flooring (LVF), is a resilient flooring material constructed with a PVC base layer, a printed design layer, and a wear-resistant surface. It offers a range of visual finishes, including wood and stone textures, and supports installation methods such as glue-down (dry back) and click systems. It is widely used in residential and commercial interiors.
Laminate Flooring
Laminate flooring is composed of multiple layers, including a wear layer, decorative layer, high-density fiberboard (HDF) core, and a balancing layer. It is designed to provide durability, surface resistance, and a wide range of visual patterns, making it suitable for both residential and commercial applications.
Floor Accessories and Installation Systems
The company also supplies installation-related products, including sealants, moisture barriers, trims, baseboards, underlayments, and maintenance products. These components are intended to support installation efficiency and long-term product performance.

Industry Position
Integrated Manufacturing Structure
The company operates as a direct manufacturer integrating production and sales functions. This structure enables greater control over production timelines, customization processes, and supply chain coordination.
Customization Capabilities
OEM and ODM services are available across product design, manufacturing, packaging, and delivery. These services are designed to accommodate varying technical and market requirements.
Manufacturing Capabilities
Production System
The company currently operates 10 production lines, including:
3 laminate flooring production lines
6 SPC flooring production lines
1 LVT flooring production line
Following planned expansion, total capacity is expected to reach 20 production lines, supporting increased output and broader product availability.

Quality Management
Operations are aligned with ISO9001 quality management standards, ISO14001 environmental management standards, and CE certification requirements. A standardized quality control system is applied across raw material sourcing, production processes, and final product inspection to support product consistency and compliance.
Application Value
Durability and Stability
Material selection and manufacturing processes are designed to maintain structural stability under varying environmental conditions. Production tolerances are controlled within defined limits, and quality inspection procedures are applied throughout the manufacturing process.
Installation and Maintenance
SPC and laminate flooring products utilize click-lock installation systems, supporting simplified assembly. Damaged sections can be replaced individually without removing the entire floor. Dry back LVT flooring requires adhesive installation and is typically handled by experienced installers.

Application Versatility
The product range is suitable for residential spaces such as bedrooms and living rooms, as well as high-traffic commercial environments including retail, education, and public facilities. Product specifications can be adapted based on usage requirements.
Design and Surface Finishes
The flooring products are available in a range of surface designs, including wood, stone, and textile-inspired finishes. Surface treatments such as embossed-in-register (EIR), matte finishes, and textured effects are used to enhance visual depth and material appearance.
Summary
Shandong Wanli Decorative Materials Co., Ltd. is a flooring manufacturer integrating research and development, production, and sales. Its product portfolio includes SPC flooring, LVT flooring, laminate flooring, and related accessories.
With an established production system, standardized quality management, and flexible customization capabilities, the company supplies flooring materials to international markets across multiple application scenarios. Future development plans include continued expansion of production capacity and further participation in global markets.
Contact Information
Contact: Joy Tian
Website: www.wanliflooring.com

Media Contact

Organization: Shandong Wanli Decoration Materials Co., Ltd

Contact Person: Joy Tian

Website: https://wanliflooring.com/

Email: Send Email

Country:China

Release id:43972

The post WanliFlooring Develops Integrated Flooring Solutions for Residential and Commercial Projects appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Press Release

West Red Lake Gold Drills 904 Complex Hitting 215.26 grams per tonne Gold over 5.35 Metres

Published

10 hours ago

on

April 15, 2026

By

We plan to keep two drills turning in the 904 Complex for the remainder of 2026, providing continuous news flow and updates as they become available

Canada, 15th Apr 2026– Global Stocks News – Sponsored content disseminated on behalf of West Red Lake Gold. On April 13, 2026, West Red Lake Gold Mines (TSXV: WRLG) (OTCQB: WRLGF) announced drill results from the Austin 904 Complex at its Madsen Mine Project in Ontario, Canada.

Situated at the bottom of Main Austin, starting at approximately 650 metres depth, the 904 Complex is a high-grade panel of mineralization, about 200 square metres, the equivalent of seven regulation NFL football fields.

This area has seen very little mining historically, leaving the main mineralized zone mostly intact. That is expected to allow for larger stopes and more efficient development and extraction from this high-grade area.

“The 904 Complex in lower Austin is steadily growing into a very important part of the future at Madsen,” stated Will Robinson, VP of Exploration in the April 13, 2026 press release. “Having only just gained access to this area for drilling in late 2025, the results received to date are highly encouraging.

“For historic comparison,” continued Robinson, “The High-Grade Zone discovery by Goldcorp Inc. in Red Lake was initially established on nine holes with a weighted average grade of 311 grams per tonne gold, uncapped, over 2.3 metres[1] – we already have multiple results received to date out of 904 that exceed these grades and thicknesses.”

Previously released 904 highlights include 11.2 metres @ 26.16 g/t gold, 3.55 metres @ 37.87 g/t gold, 7.8 Metres @ 139.45 g/t gold, 7.7 metres @ 18.31 g/t gold, 8.7 metres @ 74.70 g/t gold, 4.3 metres @ 30.16 g/t gold.

Also, 4.75 metres @ 219.73 g/t gold, 2.5 metres @ 133.13 g/t gold, 3 metres @ 148.36 g/t gold, 5 metres @ 36.06 g/t gold, 3.15 metres @ 41.90 g/t gold.

In the video below, Robinson breaks down the significance of the April 13, 2026 904 Complex drill results.

“I want to provide a little bit of background information on the news we just put out today,” stated Robinson in the YouTube explainer video. “We’re announcing some very exciting drill results from the Lower Austin area, and a new area that we’ve been defining, called the 904 Complex.”

“These results come from our definition drilling programs that are ongoing at Madsen. The holes were drilled from the 13 level in the Madsen Mine, which is at approximately 650 meters depth. The deposit was mined, historically, down to around 1,300 meters depth.”

“We find ourselves at about the halfway point,” continued Robinson. “We’re starting to tap into some high tonnage, less remnant areas of the mine. That’s one of the things about the 904 Complex that is so important. It’s essentially a 200 by 200-metre panel of gold mineralization that remains mostly intact.”

FIGURE 5. Long Section showing drill highlights from current press release in Austin 904 Complex with (grade x thickness) at ≥ 25 (g/t Au x m). Interval length denotes downhole core length. True thickness has not been calculated, but is expected to be ≥ 70% of downhole length based on intercept angles observed in the drill core.[2]

[2] 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 “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 (the “Madsen Report”). A full copy of the Madsen Report is available on the Company’s website and on SEDAR+ at www.sedarplus.ca.

“Most of the mining that we do at Madsen occurs in proximity to remnant workings and historic development,” stated Robinson in the explainer video. “Having access to a large area of un-mined mineralization will benefit us greatly. We’ve only drilled 30 meters down into the 904 complex panel. We still have roughly 170 meters of vertical extent to continue defining this high potential area.”

“We plan to keep two drills turning in the 904 Complex for the remainder of 2026, providing continuous news flow and updates as they become available,” concluded Robinson.

Exploding global debt is threatening the stability of fiat currency. Gold, unlike cash, can not be generated through government policy or financial engineering. A weakened US dollar is bullish for gold.

“The country with the largest debt—$39 trillion and counting—is the United States,” writes WRLG founding strategic investor Frank Giustra on March 23, 2026. “Interest on that debt now exceeds defense spending.”

“With over $10 trillion in U.S. debt maturing in the next 12 months and the 10-year yield approaching 4.5%, the massive $1 trillion in interest costs the U.S. absorbed last year are set to climb even higher.”

“I am quite certain that the price of gold, as measured in fiat currency, can only rise dramatically in years to come,” added Giustra.

2025 was a “ramp-up year” that saw the Madsen Mine pour 20,147 ounces of gold, sold at an average price of US$3,650 per ounce, yielding total gold sales revenue of US$73 million (C$99 million).

WRLG declared commercial production at the mine on January 1, 2026. Since then, production has continued, and the price of gold has increased from US$4,330 per ounce to US$4,750 per ounce.

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 exploration at the West Red Lake Project, as defined by NI 43-101. Mr. Robinson is not independent of WRLG.

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: 

The Madsen Mine deposit presently hosts a National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) Indicated resource of 1.65 million ounces (“Moz”) of gold grading 7.4 g/t Au within 6.9 Mt, and an Inferred resource of 0.37 Moz of gold grading 6.3 g/t Au within 1.8 Mt. Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US$1,800/oz. A full copy of the Madsen Report is available on the Company’s website and on SEDAR+ at www.sedarplus.ca.

Media Contact

Organization: Global Stocks News

Contact Person: guy.bennett@globalstocksnews.com

Website: https://www.globalstocksnews.com

Email: Send Email

Country:Canada

Release id:44068

The post West Red Lake Gold Drills 904 Complex Hitting 215.26 grams per tonne Gold over 5.35 Metres appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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