Golden Lake Reports Autumn Drill Program Results On Its Jewel Ridge Property In The Battle Mountain-Eureka Gold Belt, Eureka County, Nevada
Golden Lake Exploration (GOLXF) has reported results from its autumn drill program at the Jewel Ridge property in Nevada's Battle Mountain-Eureka gold trend. The program completed 1,756 metres of reverse circulation drilling across 5 holes, targeting IP anomalies and historic mines.
The most significant results came from hole JR-24-54, which yielded two notable intercepts: 0.77 g/t Au & 17.54 g/t Ag over 13.72 metres (including 1.42 g/t Au & 35.10 g/t Ag over 6.10 metres) and 0.18 g/t Au & 3.92 g/t Ag over 25.91 metres. These intercepts are associated with two prominent north-trending structures: an unnamed fault and the Jackson fault.
Golden Lake Exploration (GOLXF) ha riportato i risultati del suo programma di perforazione autunnale presso il Jewel Ridge property nella tendenza aurifera di Battle Mountain-Eureka, in Nevada. Il programma ha completato 1.756 metri di perforazione a circolazione inversa su 5 fori, puntando ad anomalie IP e miniere storiche.
I risultati più significativi sono emersi dal foro JR-24-54, il quale ha fornito due intercettazioni notevoli: 0,77 g/t Au e 17,54 g/t Ag su 13,72 metri (inclusi 1,42 g/t Au e 35,10 g/t Ag su 6,10 metri) e 0,18 g/t Au e 3,92 g/t Ag su 25,91 metri. Queste intercettazioni sono associate a due strutture prominenti con andamento nord: una faglia non nominata e la faglia di Jackson.
Golden Lake Exploration (GOLXF) ha reportado resultados de su programa de perforación de otoño en la propiedad Jewel Ridge en la tendencia aurífera de Battle Mountain-Eureka, Nevada. El programa completó 1.756 metros de perforación de circulación inversa en 5 pozos, enfocándose en anomalías IP y minas históricas.
Los resultados más significativos provienen del pozo JR-24-54, que arrojó dos intercepciones notables: 0,77 g/t Au y 17,54 g/t Ag sobre 13,72 metros (incluyendo 1,42 g/t Au y 35,10 g/t Ag sobre 6,10 metros) y 0,18 g/t Au y 3,92 g/t Ag sobre 25,91 metros. Estas intercepciones están asociadas con dos estructuras prominentes con tendencia norte: una falla sin nombre y la falla de Jackson.
골든 레이크 탐사 (GOLXF)는 네바다 배틀 마운틴-유레카 금 트렌드에 위치한 주얼 리지 재산에서 가을 시추 프로그램의 결과를 보고했습니다. 이 프로그램은 역사적인 광산과 IP 이상을 목표로 5개 홀에서 1,756미터의 역 순환 시추를 완료했습니다.
가장 중요한 결과는 JR-24-54홀에서 나왔으며, 두 가지 주목할 만한 인터셉트가 있었습니다: 13.72미터에서 0.77 g/t Au 및 17.54 g/t Ag (6.10미터에서 1.42 g/t Au 및 35.10 g/t Ag 포함)와 25.91미터에서 0.18 g/t Au 및 3.92 g/t Ag입니다. 이러한 인터셉트는 북쪽으로 뻗어 있는 두 대형 구조물, 즉 이름이 없는 단층과 잭슨 단층과 관련이 있습니다.
Golden Lake Exploration (GOLXF) a rapporté les résultats de son programme de forage automnal sur la propriété Jewel Ridge dans la tendance aurifère de Battle Mountain-Eureka au Nevada. Le programme a réalisé 1 756 mètres de forage à circulation inversée sur 5 trous, ciblant des anomalies IP et des mines historiques.
Les résultats les plus significatifs proviennent du trou JR-24-54, qui a produit deux intercepts notables : 0,77 g/t Au et 17,54 g/t Ag sur 13,72 mètres (incluant 1,42 g/t Au et 35,10 g/t Ag sur 6,10 mètres) et 0,18 g/t Au et 3,92 g/t Ag sur 25,91 mètres. Ces intercepts sont associés à deux structures proéminentes tendues vers le nord : une faille non nommée et la faille de Jackson.
Golden Lake Exploration (GOLXF) hat Ergebnisse seines Herbst-Bohrprogramms im Jewel Ridge Grundstück im Goldtrend Battle Mountain-Eureka in Nevada berichtet. Das Programm umfasste 1.756 Meter Reverse-Circulation-Bohrung über 5 Löcher, die auf IP-Anomalien und historische Minen abzielten.
Die bedeutendsten Ergebnisse kamen aus Bohrung JR-24-54, die zwei bemerkenswerte Treffer lieferte: 0,77 g/t Au und 17,54 g/t Ag über 13,72 Meter (einschließlich 1,42 g/t Au und 35,10 g/t Ag über 6,10 Meter) sowie 0,18 g/t Au und 3,92 g/t Ag über 25,91 Meter. Diese Treffer sind mit zwei markanten, nordlich verlaufenden Strukturen verbunden: einer unbenannten Verwerfung und der Jackson-Verwerfung.
- Successful identification of gold and silver mineralization in multiple drill holes
- Strategic property location adjacent to high-profile exploration program by North Peak Resources
- Proximity to known Carlin-type gold and carbonate replace deposits owned by i-80 Gold Corp
- Drill hole JR-24-55 deviated from intended direction, failing to properly test IP anomaly
- Most intercepts showed relatively low-grade gold mineralization
- Additional drilling required for proper evaluation of targets
VANCOUVER, BC / ACCESSWIRE / December 12, 2024 / Golden Lake Exploration Inc. (CSE:GLM) ("GLM" or "Golden Lake" or the "Company") (OTCQB:GOLXF) today reports the results of its autumn drill program, recently completed 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 a successful, high-profile exploration program currently being undertaken by North Peak Resources Ltd. (TSX-V:NPR), on their neighboring Prospect Mountain property.
AUTUMN DRILL PROGRAM RESULTS:
In all, 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. Other targets included historic mines yielding high precious and base-metal assays, exploited at shallow depth that have seen no historic drilling.
The following table documents the most significant results yielded by the drill program:
Hole ID | From (m) | To (m) | Length (m) | Au g/t1 | Ag g/t1 | Au g/t x m |
JR-24-51 | 36.58 | 39.62 | 3.05 | 0.28 | nsv2 | nsv |
JR-24-52 | 181.36 | 202.69 | 21.34 | 0.10 | 1.66 | 2.15 |
JR-24-52 | 219.46 | 246.89 | 27.43 | 0.19 | 1.36 | 5.15 |
JR-24-53 | 0.00 | 19.81 | 19.81 | 0.16 | 2.04 | 3.08 |
JR-24-53 | 48.77 | 59.44 | 10.67 | 0.18 | 5.26 | 1.94 |
JR-24-53 | 146.30 | 185.93 | 39.62 | nsv | 2.88 | nsv |
JR-24-54 | 181.36 | 182.88 | 1.52 | 0.13 | nsv | 0.19 |
JR-24-54 | 187.45 | 214.88 | 27.43 | 0.21 | 4.22 | 5.63 |
JR-24-54 | 242.32 | 256.03 | 13.72 | 0.77 | 17.54 | 10.50 |
JR-24-54 | Incl.245.36 | 251.46 | 6.10 | 1.42 | 35.10 | 8.65 |
JR-24-54 | 265.18 | 274.32 | 9.14 | 0.19 | nsv | 1.73 |
JR-24-54 | 288.04 | 313.94 | 25.91 | 0.18 | 3.92 | 4.59 |
JR-24-54 | Incl.298.70 | 306.32 | 7.62 | 0.44 | 3.29 | 3.37 |
JR-24-55 | 225.55 | 252.98 | 27.43 | 0.12 | nsv | 3.37 |
JR-24-55 | 252.98 | 295.66 | 42.67 | nsv | 5.26 | nsv |
1 Gold and silver analyses performed by Paragon Geochemical Laboratories in Reno, NV, utilizing an aqua-regia digestion followed by a fire-assay analyses and an atomic absorption finish, on 30 grams of sample
2 No significant values (nsv)
Highlighting the results, are 2 intercepts obtained in hole JR-24-54, yielding broad intervals of anomalous to strongly anomalous gold and silver values, specifically 0.77 g/t Au & 17.54 g/t Ag over 13.72 metres (including 1.42 g/t Au & 35.10 g/t Ag over 6.10 metres) as well as 0.18 g/t Au & 3.92 g/t Ag over 25.91 metres (including 0.44 g/t Au and 3.29 g/t Ag over 7.62 metres). Notably, both intercepts are closely associated with 2 prominent north-trending structures that traverse the Eureka district: an unnamed fault as well as the Jackson fault. The Jackson fault in particular, is intimately associated with several known Carlin-type gold as well as carbonate replace deposits (CRD), situated immediately to the north of Jewel Ridge on the Ruby Hill property, owned by i-80 Gold Corp. Additional drilling is clearly warranted in the immediate locale of drill hole JR-24-54 at Jewel Ridge, along strike as well as at depth (see Figure 1).
Drill hole JR-24-55 was undertaken to evaluate a strong prominent Induced Polarization (IP) anomaly, thought to be prospective for carbonate replacement deposit-type mineralization. Unfortunately, the drill hole trace deviated drastically from its intended direction and accordingly, did not optimally test the IP anomaly. Additional drilling utilizing directional drilling equipment is recommended, as an additional drill test.
Elsewhere, in 2 other drill holes (JR-24-52 & JR-24-53), broad intervals of anomalous gold values were similarly obtained. Additional drilling may be warranted at these sites, pending a re-assessment of the drill holes in combination with Golden Lake's extensive Jewel Ridge database.
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
TollFree:1-888-945-4770
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
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