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Golden Lake Exploration Inc. (GOLXF) is a junior public mining exploration company engaged in mineral exploration and acquisition of mineral property assets. The company's objective is to acquire, explore, and develop economic precious and base metal properties, focusing on the Jewel Ridge property. Recently, the company staked additional land near Jewel Ridge, securing high-grade precious and base metal values. Golden Lake has also acquired the Pinto Property, yielding promising results of gold, silver, copper, and zinc. With a strategic focus on Nevada's prolific Battle Mountain-Eureka trend, the company aims to advance its exploration programs, driven by a team of experienced professionals.
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.
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