# \[Video Enhanced\] 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-staging.minestarters.com/news/video-enhanced-west-red-lake-gold-increases-indicated-gold-ounces-by-70-at-rowan--405e7304-32b9-442f-a59c-6a9d7932f044 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, Drill results - Extracted: 2026-08-22 18:32:57 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. Additionally, the company released a maiden Mineral Resource Estimate for the nearby Mount Jamie deposit. Reasoning: The update shows substantial growth in Indicated ounces at Rowan and establishes a new maiden resource at Mount Jamie, both with high grades. - Positive factor: Significant Indicated gold ounce growth \(70%\) - Positive factor: Maiden resource for Mount Jamie deposit - Positive factor: Low discovery cost per ounce - Positive factor: High-grade nature of both Rowan and Mount Jamie Facts used in scoring: 4 ## Classification and evidence **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. 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% to 334,825 ounces **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: The company announced a maiden MRE for the Mount Jamie deposit. Evidence · text > and a maiden MRE for the nearby Mount Jamie deposit **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 **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: Will Robinson, P.Geo., is named as the Qualified Person for the exploration. Evidence · text > reviewed and approved by Will Robinson, P.Geo., Vice President of Exploration ## 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-staging.minestarters.com/news/video-enhanced-west-red-lake-gold-increases-indicated-gold-ounces-by-70-at-rowan--405e7304-32b9-442f-a59c-6a9d7932f044#fact-resource-facts-0) Rowan Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Rowan Project - Commodity: gold - Ticker: WRLG #### Resource Data - Category: indicated - Grade: 13.03 - Grade Unit: g/t - Contained Metal: 334825 - Contained Unit: oz #### 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 ounces. - Positive factor: 70% increase in ounces vs 2025 MRE Evidence · text > Rowan Indicated gold ounces increased by 70% to 334,825 ounces @13.03 grams per tonne \(g/t\) gold ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/video-enhanced-west-red-lake-gold-increases-indicated-gold-ounces-by-70-at-rowan--405e7304-32b9-442f-a59c-6a9d7932f044#fact-resource-facts-1) Rowan Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Rowan Project - Commodity: gold - Ticker: WRLG #### Resource Data - Category: inferred - Grade: 15.31 - Grade Unit: g/t - Contained Metal: 179013 - Contained Unit: oz #### 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 Inferred ounces and grade. - Positive factor: 52% increase in ounces - Positive factor: Significant grade improvement Evidence · text > Rowan Inferred gold ounces increased by 52% to 179,013 oz grading 15.31 g/t Au ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/video-enhanced-west-red-lake-gold-increases-indicated-gold-ounces-by-70-at-rowan--405e7304-32b9-442f-a59c-6a9d7932f044#fact-resource-facts-2) Mount Jamie · gold #### Identity - Project: Mount Jamie - Commodity: gold - Ticker: WRLG #### Resource Data - Category: indicated - Grade: 14.13 - Grade Unit: g/t - Contained Metal: 49407 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-11T00:00:00.000Z Reasoning: New maiden resource establishment. - Positive factor: Maiden resource Evidence · text > includes an Indicated resource of 49,407 ounces @ 14.13 g/t gold ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/video-enhanced-west-red-lake-gold-increases-indicated-gold-ounces-by-70-at-rowan--405e7304-32b9-442f-a59c-6a9d7932f044#fact-resource-facts-3) Mount Jamie · gold #### Identity - Project: Mount Jamie - Commodity: gold - Ticker: WRLG #### Resource Data - Category: inferred - Grade: 11.97 - Grade Unit: g/t - Contained Metal: 35791 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-11T00:00:00.000Z Reasoning: Maiden resource, but in the Inferred category. - Negative factor: Inferred category Evidence · text > with an additional Inferred resource of 35,791 oz grading 11.97 g/t Au ## 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.