Brien Lundin, in the April, 2016, edition of the Gold Newsletter, says buy West Red Lake Gold Mines Inc., recently 13 cents. This is Mr. Lundin's first time recommending the stock. West Red Lake has several properties near Goldcorp Inc.'s Red Lake mine including the Rowan project, which is 60 per cent owned by West Red Lake and 40 per cent owned by Goldcorp. Rowan has an inferred resource of approximately one million ounces averaging 7.57 grams per tonne gold. Goldcorp has had "legendary success" with structural intersections of gold-bearing zones. As a result, Mr. Lundin says that it urged West Red Lake to focus on some high-potential exploration targets to the east of Rowan where the east-west-trending Pipestone Bay-St. Paul deformation zone intersects the northeast-southwest-trending Newman Todd zone. West Red Lake listened and drilled six holes totalling 1,767 metres. The first five holes hit relatively low-grade gold, but the last hole intersected 69.55 grams per tonne Au over 1.5 metres. While the company has not hit a prime target, the potential at Rowan is promising. West Red Lake's next drilling program will start in the summer. Buy at current levels.
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