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hy lake gold inc (HYL) Snapshot

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hy lake gold inc (HYL) Details

West Red Lake Gold Mines Inc. focuses on the gold exploration and development in the prolific Red Lake Gold District of Northwestern Ontario, Canada. Its principal project is the West Red Lake project that comprises the Mount Jamie Mine, the Red Summit Mine properties, and the Rowan Mine property covering an area of approximately 3100 hectares located on the Pipestone Bay of St. Paul Bay deformation zone. The company was formerly known as Hy Lake Gold Inc. and changed its name to West Red Lake Gold Mines Inc. on June 21, 2012. West Red Lake Gold Mines Inc. was incorporated in 1991 and is based in Toronto, Canada.

Founded in 1991

hy lake gold inc (HYL) Top Compensated Officers

President
Total Annual Compensation: C$34.2K
Executive Chairman, Chairman of Compensation ...
Total Annual Compensation: C$45.0K
Chief Financial Officer and Director
Total Annual Compensation: C$15.0K
Compensation as of Fiscal Year 2014.

hy lake gold inc (HYL) Key Developments

West Red Lake Gold Mines Inc., Annual General Meeting, Jun 18, 2015

West Red Lake Gold Mines Inc., Annual General Meeting, Jun 18, 2015., at 11:00 Eastern Daylight. Location: Suite 1301. Agenda: To receive the audited financial statements of the company for the fiscal year ended September 30, 2014 and the reports of the auditors thereon; to reappoint Collins Barrow Toronto LLP as auditors and authorize the directors to fix the auditors remuneration; to elect the directors of the company for the upcoming year; and to transact such further or other business as may properly come before the Meeting and at any adjournment thereof.

West Red Lake Gold Mines Inc. Announces Drill Results from its Recent Exploration Program on West Red Lake Project Located in the Prolific Red Lake Gold District

West Red Lake Gold Mines Inc. announced the positive drill results including 26.97gpt over 4.0 million from its recent exploration program on the Company's 3,100 hectare West Red Lake Project located in the prolific Red Lake Gold District, 20k west of the town of Red Lake in Northwestern Ontario, Canada. The company reported it drilled ten exploration holes which successfully intersected the Rowan Mine gold zones. Drill program highlights: 26.97 grams per ton over 4.0 meters, 162.0 grams per ton over 1.5 meters, and 28.0 grams per ton over 1.1 meters. The exploration program was successful in confirming the continuity of the high grade zones and advancing the project towards outlining a potential gold resource at the Rowan Mine. The Rowan Mine is located in the centre of West Red Lake Gold's property position. A 12k portion of the Pipestone Bay-St Paul Deformation Zone crosses the Company property and hosts the Rowan Mine Gold System. Good potential exists to expand the Rowan Mine gold zones along strike and to depth. All ten holes intersected gold values in a pervasive quartz vein structure hosted within mafic volcanics. The gold distribution within the quartz vein structure is consistent with Archean lode gold deposits which have produced the majority of the gold that has been mined in the primary Ontario gold mining districts including Red Lake and Timmins. Deepening the Rowan Mine gold zones below 150m along a strike length of 600m east from the Rowan Mine Shaft coincident with the geological structure known as the Pipestone Bay-St Paul Deformation Zone. The PBS Zone is the east-west trending geological structure which hosts the three former producing gold mines situated on the Company property. The PBS Zone is a regional shear zone that trends across the West Red Lake Project and then continues east for 20k to the town of Red Lake. Extension of the Rowan Mine Gold System for an additional 400 to 500m further to the east along the PBS Zone to the intersection with the regional scale Newman Todd Structural Zone. The western edge of the NT Zone is approximately 1k east of the Rowan Mine Shaft. Structural target at the intersection of the two regional scale gold bearing structures, the PBS Zone and the NT Zone. This exploration target area is approximately 2,000 m in length and is situated between 1k and 3k east of the Rowan Mine Shaft. A similar intersection of two regional structures occurs 20k further to the east, proximal to the Campbell Mine and Red Lake Mine.

West Red Lake Gold Mines Inc. Auditor Raises 'Going Concern' Doubt

West Red Lake Gold Mines Inc. filed its Annual on Dec 19, 2014 for the period ending Sep 30, 2014. In this report its auditor, Collins Barrow LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

 

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