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Golden Lake Commences Drilling On Its Jewel Ridge Property In The Battle Mountain-Eureka Gold Belt, Eureka County, Nevada

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Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) has commenced drilling on its flagship Jewel Ridge property in the Battle Mountain-Eureka gold trend of Nevada. The property is strategically located near successful exploration programs by North Peak Resources and i-80 Gold Corp. The 1,700-meter drill program, conducted by HD Drilling Services, will target 4 to 5 high-priority sites over 2 to 3 weeks.

The targets include Induced Polarization (IP) anomalies from 2024 surveys in favorable geological settings that potentially host Carlin-type gold deposits and carbonate replacement deposits. Additional targets include historic mines with high precious and base-metal assays that have not been previously drilled. Drill results will be released as they become available. The technical disclosure has been approved by Don Hoy, P.Geo., serving as the qualified person under National Instrument 43-101.

Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) ha iniziato le perforazioni nel suo principale progetto Jewel Ridge, situato nel trend aurifero di Battle Mountain-Eureka in Nevada. La proprietà è strategicamente posizionata vicino a programmi di esplorazione di successo di North Peak Resources e i-80 Gold Corp. Il programma di perforazione di 1.700 metri, condotto da HD Drilling Services, mirerà a 4-5 siti ad alta priorità in un periodo di 2-3 settimane.

I target includono anomalie di Polarizzazione Indotta (IP) da sondaggi del 2024 in contesti geologici favorevoli che potrebbero ospitare depositi di oro di tipo Carlin e depositi di sostituzione carbonatica. Ulteriori obiettivi includono miniere storiche con alti valori di metalli preziosi e base che non sono state precedentemente perforate. I risultati delle perforazioni saranno comunicati man mano che saranno disponibili. La comunicazione tecnica è stata approvata da Don Hoy, P.Geo., che funge da persona qualificata ai sensi del National Instrument 43-101.

Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) ha comenzado a perforar en su propiedad insignia Jewel Ridge, situada en la tendencia de oro de Battle Mountain-Eureka en Nevada. La propiedad está estratégicamente localizada cerca de programas de exploración exitosos de North Peak Resources e i-80 Gold Corp. El programa de perforación de 1.700 metros, realizado por HD Drilling Services, apuntará a 4-5 sitios de alta prioridad durante un periodo de 2-3 semanas.

Los objetivos incluyen anomalías de Polarización Inducida (IP) de encuestas de 2024 en entornos geológicos favorables que potencialmente albergan depósitos de oro de tipo Carlin y depósitos de reemplazo de carbonato. Targets adicionales incluyen minas históricas con altos análisis de metales preciosos y base que no han sido perforadas anteriormente. Los resultados de las perforaciones se anunciarán a medida que estén disponibles. La divulgación técnica ha sido aprobada por Don Hoy, P.Geo., quien actúa como persona calificada bajo el National Instrument 43-101.

골든 레이크 탐사 주식회사 (CSE:GLM)(OTCQB:GOLXF)는 네바다의 배틀 마운틴-유레카 금 트렌드에 있는 자사의 대표 프로젝트 주얼 리지에서 시추를 시작했습니다. 이 자산은 North Peak Resources와 i-80 Gold Corp.의 성공적인 탐사 프로그램 근처에 전략적으로 위치하고 있습니다. HD Drilling Services에서 실시된 1,700미터 시추 프로그램은 2-3주 동안 4-5개의 고우선 사이트를 목표로 할 것입니다.

타겟에는 카를린형 금 광상과 탄산염 치환 광상이 잠재적으로 포함된 유리한 지질 환경에서 2024년 조사에서 나온 유도 분극(IP) 이상현상이 포함되어 있습니다. 추가 목표로는 이전에 시추되지 않은 높은 귀금속 및 기초 금속 분석 결과를 가진 역사적인 광산이 있습니다. 시추 결과는 이용 가능해지는 대로 발표될 것입니다. 기술 공개는 국가 기준 43-101에 따라 자격이 있는 인물로 활동하는 Don Hoy, P.Geo.의 승인을 받았습니다.

Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) a commencé à forer sur sa propriété phare Jewel Ridge dans la tendance aurifère de Battle Mountain-Eureka au Nevada. La propriété est stratégiquement située près de programmes d'exploration réussis par North Peak Resources et i-80 Gold Corp. Le programme de forage de 1 700 mètres, réalisé par HD Drilling Services, visera 4 à 5 sites prioritaires au cours de 2 à 3 semaines.

Les cibles incluent des anomalies de polarisation induite (IP) issues des enquêtes de 2024 dans des contextes géologiques favorables qui pourraient abriter des dépôts d'or de type Carlin et des dépôts de remplacement carbonatés. D'autres cibles incluent des mines historiques avec de fortes analyses de métaux précieux et de base qui n'ont pas encore été forées. Les résultats des forages seront communiqués dès qu'ils seront disponibles. La divulgation technique a été approuvée par Don Hoy, P.Geo., qui agit comme personne qualifiée conformément à l'instrument national 43-101.

Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) hat mit der Bohrung in seinem Flaggschiff-Projekt Jewel Ridge im Battle Mountain-Eureka Gold-Treffer in Nevada begonnen. Das Grundstück ist strategisch günstig gelegen in der Nähe erfolgreicher Explorationsprogramme von North Peak Resources und i-80 Gold Corp. Das 1.700 Meter Bohrprogramm, das von HD Drilling Services durchgeführt wird, wird innerhalb von 2 bis 3 Wochen 4 bis 5 hochpriorisierte Standorte anvisieren.

Zu den Zielen gehören Induzierte Polarisation (IP) Anomalien aus Erhebungen im Jahr 2024 in günstigen geologischen Umgebungen, die potenziell Carlin-Typ Goldlagerstätten und Karbonat-Substitutionslagerstätten beherbergen. Weitere Ziele sind historische Minen mit hohen Edel- und Basismetallanalysen, die zuvor nicht durchbohrt wurden. Bohrergebnisse werden veröffentlicht, sobald sie verfügbar sind. Die technische Mitteilung wurde von Don Hoy, P.Geo., genehmigt, der als qualifizierte Person im Sinne des National Instrument 43-101 fungiert.

Positive
  • Commencement of drilling program on the flagship Jewel Ridge property
  • Strategic location near successful exploration programs by other companies
  • 1,700-meter drill program targeting 4 to 5 high-priority sites
  • Potential for Carlin-type gold deposits and carbonate replacement deposits
  • Targeting of historic mines with high precious and base-metal assays
Negative
  • None.

VANCOUVER, BC / ACCESSWIRE / September 30, 2024 / Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) ("Golden Lake" or the "Company") is pleased to announce that it has commenced drilling on its flagship Jewel Ridge property (the "Property"), located in the prolific Battle Mountain-Eureka gold trend of Nevada.

The Property is well-located proximal to infrastructure and is immediately adjacent to successful, high-profile exploration programs currently being undertaken by North Peak Resources Ltd. & i-80 Gold Corp. (IAU.TO), on their neighboring Prospect Mountain and Ruby Hill properties, respectively.

Drill Program

HD Drilling Services, based out of Winnemucca, Nevada, has been retained by the Company to complete the 1,700-meter drill program. The program will consist of 4 to 5 high-priority drill targets and is anticipated to take 2 to 3 weeks to complete.

These high-priority drill targets include Induced Polarization (IP) anomalies generated from 2024 surveys situated within favorable geological & structural settings. Such settings host both Carlin-type disseminated gold deposits and carbonate replacement deposits, which are prominent in the immediate area of the South Eureka Gold Belt, where the Jewel Ridge property is located. Other targets include historic mines yielding high precious and base-metal assays, largely exploited at shallow depth that have seen no historic drilling.

Full details of the drill targets can be found on the Golden Lake website at www.goldenlakex.com. Drill results will be released as they become available.

Qualified person

Golden Lake Exploration's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Don Hoy, P.Geo., who serves as a qualified person under the definition of National Instrument 43-101.

About Golden Lake Exploration Inc

Golden Lake Exploration is a junior public mining exploration company engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to acquire, explore and develop economic precious and base metal properties of merit and to aggressively advance its exploration program on the Jewel Ridge property.

Further to the Company's news release of September 13th, 2024, announcing the closing of an oversubscribed private placement, an additional arm's length finder was compensated with finder's fees of $4,600 cash and 92,000 non-transferable finder's warrants. Each finder's Warrant will entitle the finder to purchase one Warrant Share of the Company for a 12-month period after the Closing Date at an exercise price of $0.07 per share.

On Behalf of the Board,
Mike England
CEO, President & Director

For Further Information Please Contact:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770
Email: info@goldenlakex.com

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

SOURCE: Golden Lake Exploration Inc.



View the original press release on accesswire.com

FAQ

What is the size of Golden Lake Exploration's (GOLXF) drill program on the Jewel Ridge property?

Golden Lake Exploration (GOLXF) has commenced a 1,700-meter drill program on its Jewel Ridge property in Nevada.

How many high-priority drill targets does Golden Lake Exploration (GOLXF) plan to explore in its current program?

Golden Lake Exploration (GOLXF) plans to explore 4 to 5 high-priority drill targets in its current program on the Jewel Ridge property.

What types of deposits is Golden Lake Exploration (GOLXF) targeting on the Jewel Ridge property?

Golden Lake Exploration (GOLXF) is targeting Carlin-type disseminated gold deposits and carbonate replacement deposits on the Jewel Ridge property.

Who is conducting the drilling services for Golden Lake Exploration (GOLXF) on the Jewel Ridge property?

HD Drilling Services, based in Winnemucca, Nevada, has been retained by Golden Lake Exploration (GOLXF) to complete the drill program on the Jewel Ridge property.

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