Press Release
This Chart Buried in a Technical Report Reveals West Red Lake Gold’s Potential Reserve Count in the Current Gold Environment
Using a long-term average gold price of US$2,640, the Net Present Value (NPV) of WRLG is estimated at $496 million. The re-rate from developer to producer typically takes a company from 0.5X NAV to 1x NAV.
Canada, 27th Feb 2025 – Sponsored content disseminated on behalf of West Red Lake Gold. On February 18, 2025, West Red Lake Gold Mines (TSXV: WRLG) (OTCQB: WRLGF) announced the filing of its independent pre-feasibility study (PFS) prepared by SRK Consulting.
The reserve cut-off price that was used in the PFS was US$1,680 per oz.
“Investors are surprised how conservative that number is,” Gwen Preston, VP of Communications told Guy Bennett, CEO of Global Stocks News (GSN). “But there’s a simple explanation.”
“SRK has internal guidelines for a PFS,” Preston continued. “The reserve cut-off price would be higher for a full Feasibility Study. The fact that we are going directly from PFS to production does not change SRK’s guidelines.”
Buried in the “Other Relevant Data” section of the 395-page technical report and noted in the Executive Summary, is a chart that shows how the reserve count could potentially change at gold prices closer to the current price of US$2,900.
The SRK chart below reveals what tonnes from the resource would have made it into consideration for inclusion in the reserve at higher reserve gold price cut offs.

The first blue column is the WRLG reserve as stated in the PFS, at the US$1680 cutoff price. This reserve was drawn from the second blue column, which shows the tonnes of the resource that were considered for inclusion in reserve.
Access development and other cost factors were then applied to reach the reserve base shown in the first column. That’s why columns one and two have US$1,680 in the label, but different totals.
One takeaway is that access development is very important at Madsen. It was the force that reduced potential reserve tonnes by half to get the actual reserve.
The other takeaway is that increasing the reserve cut off price to US$2,400 boosts the resource tonnes considered for reserve inclusion by almost 77% (3,072 to 5,438 tonnes).
“The undiluted grade falls from 9.1 grams/tonne to 7.0 grams/tonne but there’s a big tonnage increase,” Preston told GSN. “At the current gold price, the reserves should be significantly higher.”

On February 25, 2025 WRLG announced that it closed the public offering of 23,628,000 charity flow-through units at a price of C$0.8487 raising just over $20 million.
On February 26, 2025 WRLG reported definition drill results from the high-grade South Austin Zone.

Mine re-start update:
Bulk Sample Program: plans to mine at least 10,000 tonnes of material from six stopes. WRLG prioritized parts of the Madsen resource for extraction early in the mine life based on grade, tonnage, and ease of access.
Mill Startup for Bulk Sample Processing: after 28 months of maintained dry shutdown, the mill is scheduled to restart imminently. First feed will be 3,000 tonnes of legacy low-grade material to pack out the grinding mills. All operational readiness milestones have been met for the process plant.
The Connection Drift: it is now 80% complete, allowing WRLG to move all material on large haul trucks through the East Portal, which is situated close to the crusher and the mill.
Underground Development: from August 2024 to January 2025 the pace of new underground development increased notably, with average daily meterage rising 23% each month.
Camp and Mine Dry Installations: finalconstruction permits for the Madsen Mine camp received from the Municipality of Red Lake on January 31st. Final installation work is now underway, which is primarily power, water, sewer, and propane connections.

The Gold Sensitivity Price chart buried in the technical report indicates the amount of meat that SRK potentially left on the bone @US$1,680 reserve cut off price.
Using a long-term average gold price of US$2,640, the Net Present Value (NPV) of WRLG is estimated at $496 million. The re-rate from developer to producer typically takes a company from 0.5X NAV to 1x NAV.
WRLG’s current market cap is $214 million.
“West Red Lake Gold is one of only four single-asset companies putting a new gold mine into production in 2025,” Preston told GSN. “One is Artemis, which has arguably already been re-rated. Then there is Erdene in Mongolia, Robex in Guinea, and West Red Lake Gold in Ontario, Canada.”
“When investors rotate into gold, they look for large producers, growing producers, and new producers,” added Preston. “We are a strong candidate in the third category, operating in a Tier 1 Mining jurisdiction.”
The Madsen deposits presently host an NI 43-101 Indicated resource of 1.65 million ounces of gold grading 7.4 g/t gold and an Inferred resource of 0.37 Moz of gold grading 6.3 g/t gold. [1.] [2.] [3.]
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. When compensation has been paid to GSN, the amount and nature of the compensation will be disclosed clearly.
References:
- “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.
- 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 and an Inferred resource of 0.37 Moz of gold grading 6.3 g/t Au. 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 as stated are inclusive of mineral reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The Madsen Resource Estimate has an effective date of December 31, 2021 and excludes depletion of mining activity during the period from January 1, 2022 to the mine closure on October 24, 2022 as it has been deemed immaterial and not relevant for the updated report. Please refer to the technical report entitled “Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada”, prepared by SRK Consulting (Canada) Inc., and dated June 16, 2023, and amended April 24, 2024. A full copy of the SRK report is available on the Company’s website and on SEDAR+ at www.sedarplus.ca
- The Madsen Mine also contains Probable reserves of 478 thousand ounces (“koz”) of gold grading 8.16 g/t Au. Mineral reserve estimates are based on a gold price of US$1,680/oz. Please refer to the technical report “NI 43-101 Technical Report and Prefeasibility Study for the Madsen Mine, Ontario, Canada” available on the Company’s website and on SEDAR+ at www.sedarplus.ca.
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Press Release
Dolly Varden Silver Confirms High-grade Gold System at Homestake Ridge
Dolly Varden Silver reported a significant gold intercept from a step-out drill hole at the Homestake Silver deposit. The hole is a 45-meter step-out along strike from hole HR24-433 and 30 meters up dip from hole HR24-451
Canada, 7th Oct 2025 – Global Stocks News – Sponsored content disseminated on behalf of Dolly Varden Silver. On October 1, 2025 Dolly Varden Silver (TSXV: DV) (NYSE American: DVS) (FSE: DVQ) reported a significant gold intercept from a step-out drill hole at the Homestake Silver deposit.
Hole HR25-456 intersected 3.34 g/t Au over 120 meters, including 216 g/t Au over 0.52 meters and 166 g/t Au over 1.3 meters.
The hole is a 45-meter step-out along strike from hole HR24-433 and 30 meters up dip from hole HR24-451
.
“These gold results from a step-out hole at the Homestake Silver Deposit confirm that the deposit continues to grow beyond the current mineral resource estimate,” stated Shawn Khunkhun, CEO of Dolly Varden Silver in the October 1, 2025 press release.
“These results demonstrate the strength of the high-grade gold system, potentially a separate and overlapping event from high-grade silver mineralization at the deposit; this deposit is potentially a key driver of future project development,” added Khunkhun.
“We have two lenses that are close to each other,” Rob van Egmond, VP of Exploration, told Guy Bennett, the CEO of Global Stocks News (GSN). “The second phase could overlap the silver-rich mineralization, or it could be a separate lens.”
“Any time you have overlapping events or long-lived fluid conduits, it indicates some of the precious metals may have been deposited during the Jurassic age [160 million years ago], while a second mineralizing event may have occurred in the Eocene age [40 million years ago]”.
“This duo-timeline mineralisation is one deposit is a known characteristic of the Golden Triangle. One of our neighbours has been age-dating their assays, confirming the presence of an Eocene age mineralised system.”
“When you find a regional corridor where Jurassic mineralization has been overprinted by Eocene mineralisation,” added van Egmond, “typically the grade is augmented in that structure. Hole HR25-456 had large flakes of visible gold.”
“When we purchased this asset,” van Egmond told GSN. “Homestake Silver had a higher ratio of silver to gold than Homestake Main. But we’re thinking about changing the name, because at investor conferences Shawn and I have to explain that Homestake Silver is now primarily a gold deposit.”
“Geologists are always working to either prove or disprove a model,” said van Egmond. “You collect data, assess it, and make modifications to the model as necessary. Hole HR25-456 is adding confidence to the current model.”
Five diamond drills are nearing completion of the 2025 drill program across the Kitsault Valley and Big Bulk Projects. At Homestake Silver, drilling has focused on expanding and infilling areas of high-grade gold mineralisation.
DV is also testing outside the current resource. Additional results from the Homestake Silver gold zone, Wolf Vein silver mineralization extension, Big Bulk copper-gold porphyry system, as well as other exploration targets, will be reported as assays are received.
DV Silver is using directional drilling technology to precisely target areas for step-out and infill holes at Homestake Silver.
“Directional drilling allows you to position the drill bit exactly where you want it to be, without re-drilling hundreds of meters from the surface,” van Egmond told GSN. “It’s an ideal technique for us to explore Homestake Silver.”
This animated video by Horizontal Technology gives a technical overview of directional drilling.
“A skilled driller can direct the course of the drill bit along a pre-planned path over great distances,” confirms Horizontal Technology.
HR25-456 is one of three holes drilled from the same pad, designed to extend the wide, high-grade plunging zone and test outside the current mineral resource model. The drill hole is approximately a 45-meter step-out along strike from previous intersects.
Approximately 40% of the 2025 season’s 55,000-meter planned drill program at DV’s 100% owned Kitsault Valley Silver and Gold Project targeted the Homestake Silver Deposit to expand and infill zones of high-grade gold mineralization.
The deposit remains open for expansion, with gold mineralization vectoring to the Homestake Main Deposit, along strike to the north of the Homestake Silver Deposit.
On October 01, 2025 Dolly Varden Silver announced a $30 Million Bought-Deal Financing featuring 2,300,000 @ $6.50/share; 750,000 flow-through shares @ $9.42/share and 990,000 flow-through shares at $8.10 per share.
“Flow-through shares enable public companies to transfer exploration expenditures to investors who can take advantage of the corresponding tax incentives, thereby ‘flowing their benefits through’ to the shareholder,” writes CG Wealth Management.
“Investors in a high tax bracket can use the tax credits from flow-through investments to bring down their personal tax owing,” added CG Wealth.
Pursuant to existing agreements, Hecla Canada and Fury Gold Mines will be entitled to acquire shares @ $6.50/share to maintain their respective pro rata equity interests in DV Silver.
DV’s metal inventory value is now approximately a 50/50 split between silver and gold.
“With gold selling for CND $5,400/ounce,” van Egmond told GSN, “our team is encouraged to hit 120 meters of 3.34 g/t gold.”
Rob van Egmond, P.Geo., Vice-President Exploration for Dolly Varden Silver, the “Qualified Person” as defined by NI43-101, has reviewed, validated and approved the scientific and technical information contained in this GSN release.
Disclaimer: Dolly Varden Silver paid GSN $1,750 for the research, creation and dissemination of this content.
Contact: guy.bennett@globalstocksnews.com
Full Disclaimer: Global Stocks News (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 makes no recommendation to purchase any individual stock. When compensation has been paid to GSN, the amount and nature of the compensation will be disclosed clearly. 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.
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Press Release
Matt Egyhazy on AI: The Future of Banking is Hyper-Personalized, Not Just Automated
New York, USA, 7th October 2025, ZEX PR WIRE, In an era where digital transformation is reshaping industries, the financial services sector stands at a critical juncture. The conversation around artificial intelligence has often been dominated by its potential for automation, process optimization, and cost reduction. While these benefits are significant, Matt Egyhazy argues that this view is far too narrow. He posits that the true, transformative power of AI lies not in replacing human functions, but in profoundly enhancing them to deliver an unprecedented level of client personalization.
According to Matt Egyhazy, the ultimate goal of implementing AI should be to move banking from a transactional model to a deeply relational one. The future, he suggests, is not a world of automated, impersonal interactions. Instead, it is a future where technology empowers financial institutions to understand and anticipate the unique needs of each client, offering tailored advice, products, and support throughout their financial lives. This vision re-frames AI as the engine for hyper-personalization, a tool for building stronger, more meaningful, and more resilient client partnerships.
Redefining the Role of AI in Financial Services
For too long, the narrative has positioned AI as a tool for internal optimization. The metrics for success were often inwardly focused: reduced headcount, faster processing times, and lower operational costs. Egyhazy advocates for a fundamental shift in this perspective. The focus must turn outward, toward the client experience. The new key performance indicators should be client satisfaction, financial wellness, and long term loyalty.
This approach requires thinking of AI less like a factory assembly line, designed for uniform efficiency, and more like a master craftsman’s toolkit, capable of creating something unique for each individual. It is about using intelligent systems to understand the nuanced context of a client’s life or a business’s operational cycle.
“We must see AI as a catalyst for empathy at scale,” says Egyhazy. “The technology allows us to listen more intently to the signals our clients are giving us through their financial activities. When we harness that understanding, we can move from being reactive service providers to proactive, trusted advisors. The goal is not just to make banking faster; it is to make banking smarter, more intuitive, and more aligned with the individual aspirations of our clients.”
The Mechanics of Hyper-Personalization
Achieving this vision of hyper-personalization is a complex undertaking, built on a foundation of robust, secure, and ethically managed data. AI algorithms can analyze vast and diverse datasets far beyond human capacity, identifying patterns, predicting future needs, and flagging opportunities that might otherwise go unnoticed.
This capability translates into tangible, real world applications. For a small business owner, it could mean an AI powered system that analyzes cash flow patterns and proactively suggests a more flexible line of credit before a seasonal downturn. This prevents a potential crisis and demonstrates a deep understanding of the business’s unique rhythm.
In wealth management, it could be a platform that adjusts investment recommendations in real time, not just based on market fluctuations, but also on subtle shifts in a client’s life goals, which are inferred from their changing financial behavior. For a commercial banking client, an AI might alert a relationship manager that a company is expanding into a new international market, providing the manager with the perfect opportunity to offer tailored trade finance and foreign exchange services.
“This is about connecting the dots in a client’s financial story,” Egyhazy explains. “Predictive analytics allows us to anticipate the next chapter in that story. We can be ready with the right advice or the right product at the exact moment it becomes relevant. That is a profoundly different and more valuable interaction than simply waiting for a client to come to us with a request.”
Balancing Technology with the Human Touch
A common fear is that the rise of AI will render the human element in banking obsolete. Matt Egyhazy strongly contests this view, arguing that AI’s true value is realized when it augments, rather than replaces, human expertise. The technology should be seen as a powerful co-pilot for financial professionals.
By automating routine and data intensive tasks, AI can liberate relationship managers, financial advisors, and other specialists to focus on what they do best: building trust, providing nuanced strategic advice, and navigating complex, emotionally charged financial decisions with clients. AI can provide the data driven insights, but it is the human professional who provides the wisdom, empathy, and contextual understanding to apply those insights effectively.
“Imagine a relationship manager who is freed from hours of manual data analysis,” says Egyhazy. “Instead, they walk into a client meeting armed with a set of AI generated insights about that client’s emerging needs and potential risks. The conversation is immediately more strategic, more forward looking, and more valuable. The technology does not replace the relationship; it powers it.”
Navigating the Ethical and Practical Challenges
This forward-thinking vision is not without its challenges. The ethical implications of using client data are paramount. Egyhazy stresses that any AI-driven initiative must be built on a bedrock of trust, which requires an unwavering commitment to data privacy, security, and transparency. Clients must have confidence that their information is protected and used responsibly to their benefit.
Furthermore, the “black box” problem, where AI decision making processes are opaque, must be actively avoided. Financial institutions have a responsibility to ensure their AI models are explainable, fair, and free from bias. There is also the significant technical hurdle of integrating sophisticated AI platforms with existing legacy banking systems and the critical need to upskill the workforce to collaborate effectively with these new intelligent tools.
“We must innovate at the speed of trust,” Egyhazy notes. “Progress cannot come at the expense of our fundamental obligations to our clients and our communities. Responsible innovation means being transparent, ethical, and deliberate in how we deploy these powerful technologies.”
A Vision for the Future of Banking
Ultimately, Egyhazy’s vision is for a banking ecosystem that is more responsive, more intelligent, and more human. It is a future where a client’s interaction with their bank feels less like a series of isolated transactions and more like a continuous, supportive partnership.
This future is one where technology and humanity work in concert to help individuals, families, and businesses achieve their financial goals. By focusing AI on hyper-personalization, the banking industry has an opportunity to redefine its value proposition, fostering a new generation of client loyalty built on genuine understanding and proactive support.
Media Contact
Matt Egyhazy
Orchard Park, New York, USA
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Cheap Airport Transfers: Travelers Get New Choices with Global Airport Taxi
For international and domestic travelers, finding reliable and affordable airport transportation has always been a challenge. Today, with the launch of Global Airport Taxi, passengers worldwide now have access to cheap airport transfers, budget-friendly cabs, and premium taxi services—all within a single online booking platform.
The platform, designed for both leisure and business travelers, is transforming how people experience airport transfers. With a strong focus on low-cost pricing, safety, and convenience, Global Airport Taxi ensures that no passenger has to compromise quality for affordability.
Why Affordable Airport Transfers Matter
Travelers are becoming increasingly conscious of travel costs. Rising airfares, higher baggage fees, and fluctuating hotel rates have made affordability a priority. At the same time, passengers don’t want to sacrifice comfort and reliability when arranging airport taxis.
Global Airport Taxi bridges this gap by offering cheap airport transfers without hidden costs. From solo travelers on tight budgets to large groups seeking cost-effective minibuses or coaches, the platform covers every need.
Unlike ride-hailing apps with unpredictable surge pricing, Global Airport Taxi guarantees fixed fares, giving passengers full control over travel expenses.
Key Features of Global Airport Taxi
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Transparent and Low-Cost Pricing
Passengers can see upfront rates with no hidden fees. Whether you’re booking a cheap cab to Heathrow, a minibus in Dubai, or an executive car in New York, the price remains transparent and locked in at the time of booking. -
Worldwide Coverage
Operating in 150+ countries, Global Airport Taxi provides seamless airport transfers across Europe, North America, Asia, the Middle East, and beyond. Whether you land at London Heathrow, Paris Charles de Gaulle, JFK New York, or Dubai International, a reliable transfer is just a click away. -
Fleet Variety for All Budgets
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Saloon cars – ideal for budget-conscious individuals and couples.
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Estate cars & MPVs – for families needing extra luggage space.
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Minibuses and coaches – affordable group travel for schools, sports teams, or corporate events.
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Executive cars – premium yet cost-effective options for business travelers.
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Flight Tracking & Meet and Greet
Drivers monitor real-time flight data to ensure on-time pickups, even if your flight is delayed. Meet-and-greet services are available for stress-free arrivals. -
Safety and Professionalism
Every driver is licensed, insured, and vetted, ensuring passenger safety and peace of mind. Vehicles are modern, clean, and well-maintained. -
Eco-Friendly Options
Travelers can also opt for electric or hybrid airport taxis, combining affordability with sustainability.
Meeting the Needs of Today’s Travelers
The demand for cheap airport transfers isn’t just about saving money—it’s about value. Travelers today want:
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Convenience – easy online booking from mobile or desktop.
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Flexibility – vehicles to match different passenger and luggage needs.
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Assurance – knowing their driver is professional and punctual.
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Support – 24/7 customer care for last-minute changes or emergencies.
Global Airport Taxi is built with these priorities in mind. The platform is user-friendly, multilingual, and accessible worldwide, ensuring smooth booking whether you are in London, Dubai, Toronto, or Karachi.
Quote from the Company
“We understand that travelers today demand both affordability and reliability. Global Airport Taxi is committed to offering cheap airport transfers without compromise—whether you need a cab, minibus, or luxury car, you’ll find a trusted option at a fair price. Our vision is to make airport transfers simple, transparent, and globally connected,” said Qazi Mumtaz Hussain spokesperson for Global Airport Taxi.
The Growing Market for Cheap Airport Transfers
The global airport transfer market is growing rapidly, with millions of passengers relying on taxis, cabs, and shuttles every day. However, most travelers face two challenges: either paying high prices for premium transfers or risking unreliable budget cabs.
Global Airport Taxi addresses both problems by combining affordability, professionalism, and international reach. With fixed pricing, multiple vehicle options, and trusted drivers, the service ensures that passengers no longer have to choose between cheap and reliable—they can have both.
About Global Airport Taxi
Global Airport Taxi is a worldwide airport transfer marketplace that connects travelers with licensed, professional taxi and cab operators across 150+ countries. From saloon cars to minibuses and executive vehicles, the platform offers affordable, transparent, and reliable airport transfers with instant online booking.
Travelers can enjoy fixed fares, professional drivers, 24/7 support, and a choice of vehicles to suit all budgets. Whether it’s a quick cab ride, a cheap airport shuttle, or a premium chauffeur-driven transfer, Global Airport Taxi makes every journey smooth and cost-effective.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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