141 g/t Gold Hit Highlights Expanding High-Grade System in Red Lake
In a January 13 edition of What Is Chen Buying? What Is Chen Selling?, Chen wrote that “WRLG.v, the up and coming producer, reached commercial production,” adding that the company had “40+ million in the bank and look like over the most challenging period of the company.” He stated, “The next key news is free cash flow from operations,” and wrote, “I do think WRLG is an easy takeover target if their share price does not appreciate fast from here.” Chen did not disclose a formal rating or target price for the company.
According to a January 14 article by Robert Sinn, the Madsen Mine achieved commercial production as of January 1, 2026, with the mill averaging 689 tonnes per day in December 2025, or 86% of permitted throughput. Sinn wrote that December was described as a strong operating month, with “3,215 ounces of gold poured and an average of 689 tons per day throughput at the mill.” He also reported that the most recent gold sales were transacted “north of US$4,600/oz.” The article did not disclose a formal rating or target price.
In a January 29 commentary published by The Gold Advisor, Jeff Clark and Daniel Flynn wrote that initial assays from Rowan “confirm high-grade continuity across the system,” highlighting Hole RLG-25-192b, which returned “1m @ 141.5 g/t gold from Vein 013.” They stated, “It’s a strong start,” and noted that the results were “strong enough that WRLG is adding another 1,000 meters, taking the program to 6,000M total.” The authors referenced two upcoming milestones for Rowan, including “an updated Mineral Resource Estimate in Q2” and “a combined PFS for Rowan and Madsen in Q3.” The commentary included a stated recommendation of “BUY ON DIPS,” but did not disclose a specific target price.
Source: https://www.streetwisereports.com/article/2026/02/04/141-g-t-gold-hit-highlights-expanding-high-grade-system-in-red-lake.html
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