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Golden Lake Completes Drilling Program on Its Jewel Ridge Property in the Battle Mountain-Eureka Gold Trend, Eureka County, Nevada

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Golden Lake Exploration has completed its autumn drill program at the Jewel Ridge property in Nevada's Battle Mountain-Eureka gold trend. The program comprised 5 reverse circulation holes totaling 1,756 metres (JR-24-51 to JR-24-55). The property is strategically located near infrastructure and adjacent to exploration programs by North Peak Resources and i-80 Gold Corp.

Drilling targeted IP anomalies in favorable geological settings for Carlin-type gold and carbonate replacement deposits. All drill holes encountered heavily oxidized gossanous material, with JR-24-54 showing a notable 7.60-metre interval of intensely oxidized material in the Hamburg Dolomite. Samples have been sent to Paragon Geochemical Laboratories, with rush analyses expected within 14 days.

Golden Lake Exploration ha completato il suo programma di perforazione autunnale presso il proprietà Jewel Ridge nella tendenza aurifera di Battle Mountain-Eureka in Nevada. Il programma ha incluso 5 fori di circolazione inversa per un totale di 1.756 metri (JR-24-51 a JR-24-55). La proprietà è strategicamente situata vicino a infrastrutture e adiacente ai programmi di esplorazione di North Peak Resources e i-80 Gold Corp.

Le perforazioni hanno mirato ad anomalie IP in contesti geologici favorevoli per oro di tipo Carlin e depositi di sostituzione carbonatica. Tutti i fori di perforazione hanno incontrato materiale gossanoso pesantemente ossidato, con JR-24-54 che ha mostrato un intervallo notevole di 7,60 metri di materiale intensamente ossidato nel Dolomite di Amburgo. I campioni sono stati inviati ai Laboratori Geochimici Paragon, con analisi urgenti previste entro 14 giorni.

Exploración Golden Lake ha completado su programa de perforación de otoño en la propiedad Jewel Ridge en la tendencia de oro de Battle Mountain-Eureka en Nevada. El programa constó de 5 pozos de circulación inversa que totalizan 1,756 metros (JR-24-51 a JR-24-55). La propiedad está estratégicamente ubicada cerca de infraestructuras y adyacente a los programas de exploración de North Peak Resources y i-80 Gold Corp.

La perforación se centró en anomalías IP en entornos geológicos favorables para el oro tipo Carlin y depósitos de reemplazo carbonatado. Todos los pozos encontraron material gossánico fuertemente oxidado, con JR-24-54 mostrando un intervalo notable de 7.60 metros de material intensamente oxidado en la Dolomita de Hamburgo. Las muestras han sido enviadas a los laboratorios geoquímicos Paragon, con análisis urgentes esperados dentro de 14 días.

골든 레이크 탐사는 네바다 배틀 마운틴-유레카 금 트렌드에 위치한 주얼 리지 부지에서 가을 시추 프로그램을 완료했습니다. 이 프로그램은 총 1,756미터(전 성분 JR-24-51에서 JR-24-55)에 해당하는 5개의 역순환 구멍으로 구성되었습니다. 이 부지는 인프라 근처에 전략적으로 위치하고 있으며 North Peak Resources 및 i-80 Gold Corp.의 탐사 프로그램에 인접해 있습니다.

시추는 카를린형 금 및 탄산염 교체 매장지에 유리한 지질 환경의 IP 이상을 겨냥했습니다. 모든 시추 구멍은 강하게 산화된 고산성 물질을 발견했으며, JR-24-54에서는 함부르크 돌로마이트에서 강하게 산화된 물질의 7.60미터 구간이 두드러지게 나타났습니다. 샘플은 파라곤 지구화학 연구소로 보내졌으며, 긴급 분석 결과는 14일 이내에 예상됩니다.

Golden Lake Exploration a achevé son programme de forage d'automne sur la propriété Jewel Ridge dans la tendance aurifère de Battle Mountain-Eureka au Nevada. Le programme comprenait 5 trous de circulation inverse totalisant 1 756 mètres (JR-24-51 à JR-24-55). La propriété est stratégiquement située près des infrastructures et adjacente aux programmes d'exploration de North Peak Resources et i-80 Gold Corp.

Le forage visait des anomalies IP dans des environnements géologiques favorables aux dépôts de type Carlin et de remplacement carbonaté. Tous les trous de forage ont rencontré des matériaux gossaniques fortement oxydés, avec JR-24-54 montrant un intervalle notable de 7,60 mètres de matériaux intensément oxydés dans le Dolomite de Hambourg. Des échantillons ont été envoyés aux laboratoires géochimiques Paragon, les analyses urgentes étant attendues dans les 14 jours.

Golden Lake Exploration hat sein Herbstbohrprogramm im Jewel Ridge Grundstück im Goldtrend von Battle Mountain-Eureka in Nevada abgeschlossen. Das Programm umfasste 5 umkehrbare Bohrlöcher mit insgesamt 1.756 Metern (JR-24-51 bis JR-24-55). Das Grundstück ist strategisch günstig in der Nähe von Infrastruktur und angrenzend an die Explorationsprogramme von North Peak Resources und i-80 Gold Corp. gelegen.

Die Bohrungen zielten auf IP-Anomalien in günstigen geologischen Gegebenheiten für Carlin-Typ Gold und karbonatverdrängte Lagerstätten. Alle Bohrlöcher stießen auf stark oxidiertes Gossanmaterial, wobei JR-24-54 ein bemerkenswertes Intervall von 7,60 Metern intensiv oxidiertem Material im Hamburg-Dolomit zeigte. Die Proben wurden an die Paragon Geochemical Laboratories geschickt, wobei mit Eilanalysen innerhalb von 14 Tagen zu rechnen ist.

Positive
  • Strategic location adjacent to high-profile exploration programs
  • All drill holes encountered heavily oxidized gossanous material
  • Discovery of 7.60-metre interval with intense oxidation in Hamburg Dolomite
Negative
  • None.

‘Rush Assays Requested for Visually Encouraging Intervals'

VANCOUVER, BC / ACCESSWIRE / October 24, 2024 / Golden Lake Exploration Inc. ("Golden Lake" or the "Company") (CSE:GLM)(OTCQB:GOLXF) announces that it has completed its autumn drill program 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. (NPR:TSX-V) & i-80 Gold Corp. (IAU.TO), on their neighboring Prospect Mountain and Ruby Hill properties, respectively.

AUTUMN DRILL PROGRAM:

A total of 1,756 metres of reverse circulation drilling comprising 5 holes were completed in the subject drill program at Jewel Ridge (JR-24-51 to JR-24-55).

Drill targets included Induced Polarization (IP) anomalies (generated from 2024 surveys) situated within favorable geological & structural settings, hosting both Carlin-type disseminated gold deposits and carbonate replacement deposits, which are prominent in the immediate area of the district, known as the South Eureka Gold Belt. Other targets included historic mines yielding high precious and base-metal assays, exploited at shallow depth that have seen no historic drilling.

Drilling encountered several zones of heavily oxidized gossanous material over variable widths in all drill holes. JR-24-54 yielded several gossanous intervals containing iron oxide minerals in strongly altered rocks. In particular, a 7.60-metre-long interval in this hole yielded a visually promising intensely oxidized interval (95% iron oxide minerals) in karsted terrain within the Hamburg Dolomite. The Hamburg Dolomite is a very important lithotype for hosting CRD as well as disseminated gold mineralization in the Eureka district.

Mineralized intervals from the drilling have been sent to Paragon Geochemical Laboratories in Sparks, Nevada for analyses. Some of the mineralized samples will undergo ‘rush' analyses with results anticipated within 14 days. The other samples submitted will be analyzed utilizing the normal turn-around time of about 4 weeks. 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.

ON BEHALF OF THE BOARD

"Mike England"
Mike England, CEO & 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 total drilling depth completed by Golden Lake (GOLXF) at Jewel Ridge in October 2024?

Golden Lake completed 1,756 metres of reverse circulation drilling comprising 5 holes (JR-24-51 to JR-24-55) at the Jewel Ridge property.

When will Golden Lake (GOLXF) receive the rush analysis results from the Jewel Ridge drilling program?

Rush analysis results are expected within 14 days, while regular analysis results will take approximately 4 weeks.

What significant finding was discovered in drill hole JR-24-54 at Jewel Ridge?

Drill hole JR-24-54 revealed a 7.60-metre-long interval of intensely oxidized material (95% iron oxide minerals) in karsted terrain within the Hamburg Dolomite.

GOLDEN LAKE EXPL INC

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