Welcome to our dedicated page for Golden Lake Exploration news (Ticker: GOLXF), a resource for investors and traders seeking the latest updates and insights on Golden Lake Exploration stock.
Golden Lake Exploration Inc. (GOLXF) is a mineral exploration company actively developing its Nevada-based projects, including the flagship Jewel Ridge property in the Battle Mountain-Eureka trend. This page aggregates all official news releases, financial disclosures, and operational updates essential for tracking the progress of their precious metals exploration programs.
Investors and industry observers will find timely information on drilling results, resource estimates, and corporate developments. The curated collection includes press releases about geophysical survey findings, financing activities through private placements, and strategic partnerships that advance exploration objectives.
Key updates cover diamond drilling campaigns, induced polarization survey interpretations, and laboratory analysis outcomes reviewed by Qualified Persons under NI 43-101 standards. Content is organized chronologically while maintaining focus on material developments affecting the company’s exploration trajectory.
Bookmark this page for streamlined access to Golden Lake’s latest announcements, including permit acquisitions, director appointments, and technical report publications. Check regularly for new insights into their systematic approach to discovering economically viable mineral deposits in North America’s most prospective mining jurisdictions.
Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) announces that its recently announced private placement is now fully subscribed. The non-brokered offering consists of 15 million units at $0.05 per unit, aiming to raise $750,000 in gross proceeds. Each unit includes one common share and one transferable warrant, exercisable at $0.07 for 36 months. The funds will be used to advance the Jewel Ridge gold property in Nevada and for working capital. CEO Mike England expressed satisfaction with the response and stated that drilling is expected to commence by the end of September. The shares will be subject to a four-month hold period, and finder's fees may be payable.
Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) has announced a non-brokered private placement to raise up to $750,000. The company plans to issue up to 15 million units at $0.05 per unit. Each unit consists of one common share and one transferable share purchase warrant, exercisable at $0.07 per share for 36 months. The proceeds will be used to advance the company's Jewel Ridge gold property in Nevada and for general working capital. Shares issued will be subject to a four-month hold period, and finders' fees may be payable. Golden Lake Exploration is focused on acquiring, exploring, and developing precious and base metal properties, with a particular emphasis on its Jewel Ridge property.
Golden Lake Exploration Inc. (CSE:GLM, OTCQB:GOLXF) announces the Bureau of Land Management's approval of its Plan of Operations for the Jewel Ridge property in Nevada. This authorization allows for preparatory activities and diamond drilling on the property, located in the Battle Mountain-Eureka gold trend. The company plans a 1,500-metre diamond drilling program to commence by mid to late September, targeting deeper areas previously unexplored.
The approval is timely, considering recent encouraging drill results from neighboring North Peak Resources at Prospect Mountain. Notable intercepts include 1.06 g/t Au & 12.30 g/t Ag over 126.5 metres in a drill hole situated within 200 metres of Jewel Ridge's western boundary. These results suggest potential for Golden Lake's upcoming exploration efforts.
Golden Lake Exploration (CSE:GLM)(OTCQB:GOLXF) has engaged Walk the Street Capital Inc. (WTS Capital) for media services. The 5-month agreement, starting July 29th, 2024, involves WTS Capital providing media content strategy, creation, and dissemination services. Compensation includes $10,000 monthly and 500,000 stock options at $0.05, exercisable for one year.
CEO Mike England expressed enthusiasm about working with WTS Capital to expand their audience, particularly regarding developments at their Jewel Ridge project in Nevada. The company also granted 500,000 options to a consultant. Golden Lake's primary focus is on the Jewel Ridge property, strategically located near significant gold mining operations in Nevada's Battle Mountain-Eureka trend.
Golden Lake Exploration has granted 2,850,000 stock options to its directors, officers, and consultants. These options are exercisable at $0.06 each for a term of three years, following the company's stock option plan guidelines. The announcement aligns with the company's strategy to incentivize its leadership and key personnel.
Golden Lake Exploration Inc. announced high-grade silver and base metal results from the newly staked Pinto Property in White Pine County, Nevada. The property was acquired based on ongoing generative exploration activities, and rock grab samples showed values of up to 0.31 g/t Au, 2600 g/t Ag, 5.56% Cu, 14.05% Pb, and 10.6% Zn. The presence of elevated pathfinder elements suggests an intrusion-related hydrothermal system, enhancing the company's land position and potential value. The Pinto Mining district's historical high-grade silver production and adjacent mining activities contribute to the property's promising outlook.
Golden Lake Exploration Inc. (CSE:GLM) (OTCQB:GOLXF) successfully closed a non-brokered private placement, issuing 17,600,000 units at $0.05 per unit, generating $880,000 in gross proceeds. The funds will be used to advance the Jewel Ridge property in Nevada and for general working capital. Finders' fees of $25,450 cash and 509,000 non-transferable finders' warrants were paid to arm's length parties. Shares issued will be subject to a four-month hold period as per applicable securities laws of Canada.
