Golden Lake Set to Drill Magnet Ridge Induced Polarization (IP) Anomaly & Provides Drilling Update on Its Jewel Ridge Property in The Battle Mountain-Eureka Gold Belt, Eureka County, Nevada
Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) is set to commence drilling on a prime target at its Jewel Ridge Property in Nevada's Battle Mountain-Eureka gold trend. The property is adjacent to high-profile exploration programs by North Peak Resources and i-80 Gold Corp. Geophysical surveys completed in summer 2024 revealed a prominent IP anomaly over an 800-metre strike length, persisting to at least 400 metres depth. This anomaly is associated with a corridor hosting significant carbonate replacement deposits (CRDs).
To date, 1,378 metres across 4 holes have been drilled in the current program. The latest hole, JR-24-54, yielded several gossanous intervals, including a 7.60-metre-long intensely oxidized interval in the Hamburg Dolomite, an important host for CRD and disseminated deposits. Results will be released as they become available.
Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) è pronta a iniziare le perforazioni su un obiettivo strategico nella sua Jewel Ridge Property nella tendenza aurifera di Battle Mountain-Eureka, in Nevada. La proprietà si trova adiacente a programmi di esplorazione di alto profilo da parte di North Peak Resources e i-80 Gold Corp. Sondaggi geofisici completati nell'estate del 2024 hanno rivelato un'importante anomalia IP su una lunghezza di strike di 800 metri, persistere fino a una profondità di almeno 400 metri. Questa anomalia è associata a un corridoio che ospita significativi depositi di sostituzione carbonatica (CRD).
Fino ad oggi, sono stati perforati 1.378 metri su 4 fori nel programma attuale. L'ultimo foro, JR-24-54, ha prodotto diversi intervalli gossanosi, inclusi un intervallo di 7,60 metri intensamente ossidato nel Dolomite di Amburgo, un importante ospite per i depositi CRD e disseminati. I risultati saranno rilasciati man mano che saranno disponibili.
Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) está lista para comenzar a perforar en un objetivo clave en su Jewel Ridge Property en la tendencia aurífera de Battle Mountain-Eureka, en Nevada. La propiedad está junto a programas de exploración de alto perfil de North Peak Resources e i-80 Gold Corp. Estudios geofísicos completados en el verano de 2024 revelaron una notable anomalía IP a lo largo de 800 metros de longitud, que persiste a una profundidad de al menos 400 metros. Esta anomalía está asociada con un corredor que alberga significativos depósitos de reemplazo carbonático (CRD).
Hasta la fecha, se han perforado 1.378 metros a través de 4 pozos en el programa actual. El último pozo, JR-24-54, produjo varios intervalos gossanosos, incluyendo un intervalo de 7,60 metros intensamente oxidado en el Dolomita de Hamburgo, un importante anfitrión para los depósitos CRD y diseminados. Los resultados se publicarán a medida que estén disponibles.
Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF)는 네바다 배틀 마운틴-유레카 금 트렌드에 위치한 Jewel Ridge Property에서 주요 목표에 대한 드릴링을 시작할 준비가 되어 있습니다. 이 자산은 North Peak Resources와 i-80 Gold Corp.의 유명한 탐사 프로그램과 인접해 있습니다. 2024년 여름에 완공된 지구물리학 조사에서는 800미터의 스트라이크 길이를 가진 두드러진 IP 이상이 발견되었으며, 최소 400미터 깊이까지 지속됩니다. 이 이상은 중요한 탄산염 교체 광상(CRD)이 있는 통로와 연관되어 있습니다.
현재까지 1,378 미터의 드릴링이 4개 구멍에서 진행되었습니다. 가장 최근의 구멍인 JR-24-54는 여러 개의 고산 간격을 산출했으며, 그 중에서도 7.60 미터 길이의 강하게 산화된 간격이 함부르크 돌로마이트에서 발견되었으며, 이는 CRD 및 분산된 매장물의 중요한 호스트입니다. 결과는 준비되는 대로 발표될 예정입니다.
Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) est sur le point de commencer le forage sur une cible principale dans sa Jewel Ridge Property dans la tendance aurifère de Battle Mountain-Eureka au Nevada. La propriété est adjacente à des programmes d'exploration de haut niveau menés par North Peak Resources et i-80 Gold Corp. Des études géophysiques achevées durant l'été 2024 ont révélé une anomalie IP marquante sur une longueur de 800 mètres, s'étendant jusqu'à au moins 400 mètres de profondeur. Cette anomalie est associée à un corridor abritant des dépôts de remplacement carbonatés (CRD) significatifs.
À ce jour, 1.378 mètres ont été forés dans le cadre du programme actuel, à travers 4 trous. Le dernier trou, JR-24-54, a fourni plusieurs intervalles gossanés, y compris un intervalle de 7,60 mètres intensément oxydé dans le dolomite de Hambourg, un hôte important pour les dépôts de CRD et diffuses. Les résultats seront publiés au fur et à mesure de leur disponibilité.
Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) bereitet sich darauf vor, mit Bohrungen auf einem wichtigen Ziel in seinem Jewel Ridge Property im Goldtrend von Battle Mountain-Eureka, Nevada, zu beginnen. Das Grundstück grenzt an hochkarätige Explorationsprogramme von North Peak Resources und i-80 Gold Corp. Geophysikalische Untersuchungen, die im Sommer 2024 abgeschlossen wurden, zeigten eine auffällige IP-Anomalie über eine Strike-Länge von 800 Metern, die mindestens bis in eine Tiefe von 400 Metern anhält. Diese Anomalie ist mit einem Korridor verbunden, der bedeutende Karbonat-Ersatzlagerstätten (CRD) enthält.
Bis heute wurden im aktuellen Programm 1.378 Meter über 4 Bohrlöcher gebohrt. Das letzte Bohrloch, JR-24-54, lieferte mehrere gossanartige Intervalle, darunter ein 7,60 Meter langes intensiv oxidiertes Intervall im Hamburg-Dolomit, einem wichtigen Wirtsgestein für CRD und disseminierte Lagerstätten. Die Ergebnisse werden veröffentlicht, sobald sie verfügbar sind.
- Prominent IP anomaly discovered over 800-metre strike length, persisting to at least 400 metres depth
- Property located in prolific Battle Mountain-Eureka gold trend, adjacent to successful exploration programs
- 1,378 metres of drilling completed in current program
- Latest drill hole yielded promising 7.60-metre-long intensely oxidized interval in important host rock
- None.
VANCOUVER, BC / ACCESSWIRE / October 15, 2024 / Golden Lake Exploration Inc. ("Golden Lake" or the "Company") (CSE:GLM)(OTCQB:GOLXF) is pleased to announce that it will shortly commence drilling on one of its prime drill targets, 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. (TSX-V: NPR) & i-80 Gold Corp. (TSX: IAU), on their neighboring Prospect Mountain and Ruby Hill properties, respectively.
MAGNET RIDGE IP ANOMALY:
Geophysical surveys completed by the Company in the summer of 2024 defined a prominent IP anomaly, delineated over an 800-metre strike length. Such an anomaly is strongly defined at surface and persists to a minimum depth of 400 metres below surface, where it remains open at depth.
Figure 1. Magnet Ridge situated in the heart of the corridor.
The IP anomaly is intimately associated with a north-south trending corridor hosting significant carbonate replacement deposits (CRDs), including the Ruby Deeps/Hilltop deposits situated to the north, on i-80 Gold's Ruby Hill property to the Diamond/Excelsior deposits to the south, on North Resource's Prospect Mountain property (see Figure 1). The CRD deposits are related to a north-south trending fault complex and intersecting WNW & ENE structures, as well as lithologic contacts.
Figure 2. Magnet Ridge 800-Long IP Anomaly.
The Magnet Ridge anomaly is situated in the heart of the corridor and comprises a high-priority, untested IP target (see Figure 2). It is anticipated that it will take 2 to 3 days to drill-test the target. Results will be released as they become available.
DRILLING UPDATE:
To date, a total of 1,378 metres comprising 4 holes have been completed in the current drill program at Jewel Ridge (JR-24-51 to JR-24-54). HD Drilling, based out of Winnemuca, Nevada, have completed the drilling in a most cost-efficient and proficient manner.
The last hole completed, 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 (
Qualified person: Golden Lake'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 Inc. 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
CEO, PRESIDENT & DIRECTOR
FOR FURTHER INFORMATION PLEASE CONTACT:
TEL: 1-604-683-3995
TOLLFREE: 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 the IP anomaly discovered at Golden Lake's Jewel Ridge Property?
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What significant interval was found in drill hole JR-24-54 at Golden Lake's Jewel Ridge Property?
When did Golden Lake Exploration (GOLXF) complete the geophysical surveys at Jewel Ridge?
