# \[Video Enhanced\] West Red Lake Gold Increases Indicated Gold Ounces by 70% at Rowan with a Discovery Cost of C$17.60 Per Ounce Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/video-enhanced-west-red-lake-gold-increases-indicated-gold-ounces-by-70-at-rowan--eb413b44-c3fa-4875-a57d-b0f329b42931 Original source: https://money.tmx.com/en/quote/WRLG/news/5731695207889481/video-enhanced-west-red-lake-gold-increases-indicated-gold-ounces-by-70-at-rowan Publisher: tmx Original announcement: 2026-06-11T12:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: West Red Lake Gold Mines - Ticker: WRLG - Exchange: TSX - Region: northwestern Ontario, Canada - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Other - Extracted: 2026-09-15 06:45:18 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary West Red Lake Gold has announced an updated 2026 Mineral Resource Estimate for the Rowan Project, featuring a 70% increase in Indicated gold ounces to 334,825 oz @ 13.03 g/t Au. Additionally, the company reported a maiden Mineral Resource Estimate for the nearby Mount Jamie deposit, including 49,407 Indicated ounces @ 14.13 g/t Au. Reasoning: The update shows substantial growth in Indicated ounces at Rowan and establishes a new maiden resource at Mount Jamie, both at high grades. - Positive factor: Significant Indicated gold ounce growth \(70%\) - Positive factor: Maiden resource established at Mount Jamie - Positive factor: High-grade nature of both Rowan and Mount Jamie deposits - Positive factor: Low discovery cost per ounce - Positive factor: NI 43-101 compliant update Facts used in scoring: 4 ## Classification and evidence **Category Upgrade** Polarity: positive Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal. Why it applies: Indicated gold ounces at Rowan increased by 70% compared to the 2025 MRE. Evidence · text > Rowan Indicated gold ounces increased by 70% **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: The company prepared a maiden MRE for the Mount Jamie deposit. Evidence · text > and a maiden MRE for the nearby Mount Jamie deposit **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The technical information was reviewed and approved by Will Robinson, P.Geo., the Qualified Person. Evidence · text > reviewed and approved by Will Robinson, P.Geo., ... and the Qualified Person **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The updated Technical Report for the Rowan MRE was prepared in accordance with NI 43-101. Evidence · text > prepared in accordance with NI 43-101 ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/video-enhanced-west-red-lake-gold-increases-indicated-gold-ounces-by-70-at-rowan--eb413b44-c3fa-4875-a57d-b0f329b42931#fact-resource-facts-0) Rowan Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Rowan Project - Commodity: gold - Region: canada\_on - Reported Region: northwestern Ontario, Canada - Ticker: WRLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Will Robinson - Resource group id: resource:d1f7bf87f8844cc728fa - Deposit or zone: Rowan - Resource basis: gross #### Resource Data - Category: indicated - Grade: 13.03 - Grade Unit: g/t - Contained Metal: 334825 - Contained Unit: oz #### Prior Estimate - Resource Date: 2026-06-09 - Prior Grade: 12.78 - Prior Contained Metal: 196747 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-07-08T00:00:00.000Z #### Dates - Event date: 2026-06-11T00:00:00.000Z Reasoning: Significant growth in Indicated category de-risks the project. - Positive factor: 70% increase in Indicated ounces Evidence · text > Rowan Indicated gold ounces increased by 70% to 334,825 ounces @13.03 grams per tonne \(g/t\) gold #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 334825 against 196747 previously ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/video-enhanced-west-red-lake-gold-increases-indicated-gold-ounces-by-70-at-rowan--eb413b44-c3fa-4875-a57d-b0f329b42931#fact-resource-facts-1) Rowan Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Rowan Project - Commodity: gold - Region: canada\_on - Reported Region: northwestern Ontario, Canada - Ticker: WRLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Will Robinson - Resource group id: resource:06515a41c74d105ae818 - Deposit or zone: Rowan - Resource basis: gross #### Resource Data - Category: inferred - Grade: 15.31 - Grade Unit: g/t - Contained Metal: 179013 - Contained Unit: oz #### Prior Estimate - Resource Date: 2026-06-09 - Prior Tonnes: 421181 - Prior Grade: 8.73 - Prior Contained Metal: 118155 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-07-08T00:00:00.000Z #### Dates - Event date: 2026-06-11T00:00:00.000Z Reasoning: Strong growth in both ounces and grade for the Inferred category. - Positive factor: 52% increase in Inferred ounces - Positive factor: Significant grade improvement in Inferred category Evidence · text > Rowan Inferred gold ounces increased by 52% to 179,013 oz grading 15.31 g/t Au #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Grade Improvement** Polarity: positive Definition: Average resource grade improved vs prior estimate — better deposit economics. Why it applies: 15.31 against 8.73 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 179013 against 118155 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: the source states a 52% increase in contained ounces ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/video-enhanced-west-red-lake-gold-increases-indicated-gold-ounces-by-70-at-rowan--eb413b44-c3fa-4875-a57d-b0f329b42931#fact-resource-facts-2) Mount Jamie · gold #### Identity - Project: Mount Jamie - Commodity: gold - Region: canada\_on - Reported Region: northwestern Ontario, Canada - Ticker: WRLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Will Robinson - Resource group id: resource:d383fb60b3173a375c97 - Deposit or zone: Mount Jamie - Resource basis: gross #### Resource Data - Category: indicated - Grade: 14.13 - Grade Unit: g/t - Contained Metal: 49407 - Contained Unit: oz #### Prior Estimate - Resource Date: 2026-06-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-11T00:00:00.000Z Reasoning: First formal resource estimate for the Mount Jamie deposit. - Positive factor: Maiden resource established Evidence · text > includes an Indicated resource of 49,407 ounces @ 14.13 g/t gold #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/video-enhanced-west-red-lake-gold-increases-indicated-gold-ounces-by-70-at-rowan--eb413b44-c3fa-4875-a57d-b0f329b42931#fact-resource-facts-3) Mount Jamie · gold #### Identity - Project: Mount Jamie - Commodity: gold - Region: canada\_on - Reported Region: northwestern Ontario, Canada - Ticker: WRLG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Will Robinson - Resource group id: resource:5df3a3c03b0a59f6fb1c - Deposit or zone: Mount Jamie - Resource basis: gross #### Resource Data - Category: inferred - Grade: 11.97 - Grade Unit: g/t - Contained Metal: 35791 - Contained Unit: oz #### Prior Estimate - Resource Date: 2026-06-09 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-11T00:00:00.000Z Reasoning: Maiden Inferred resource component of the Mount Jamie estimate. - Positive factor: Maiden resource established Evidence · text > with an additional Inferred resource of 35,791 oz grading 11.97 g/t Au #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.