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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. has announced a strategic acquisition of four patented claims in Nevada's Jewel Ridge property. This includes the Cardinalli Portfolio and the Lord Byron claim. The company will earn a 100% interest in the Cardinalli Portfolio through cash payments of $550,000 and issuance of 1 million shares over four years, while it has purchased the Lord Byron claim for $70,000. These acquisitions provide immediate drill targets and enhance access to known mineralization areas, potentially increasing the company's market position.
Golden Lake Exploration Inc. (CSE:GLM, OTCQB:GOLXF) announced promising results from its second diamond drill hole, JR-22-37DD, at the Hamburg Mine Target on the Jewel Ridge project, Nevada. The drill hole revealed an 18.71 meter interval with an average of 2.85 g/t gold and 20.5 g/t silver. Notably, significant CRD mineralization was detected, with high-grade samples showing up to 9.86 g/t gold. This indicates potential for further exploration as the company aims to advance drilling throughout spring and summer.
Golden Lake Exploration Inc. (CSE:GLM) (GOLXF-OTCQB) announced significant results from its first diamond drill hole of the 2022 field season at the Hamburg Mine Target, Jewel Ridge project, Nevada. The drill hole JR-22-36DD intersected 26.37 meters with an average of 5.38 grams gold per tonne at a depth of 42.64 meters. This result marks the highest gold grades ever recorded at the Hamburg target. The wider interval showed 67.57 meters averaging 2.37 g/t Au. Additional assays from holes JR-22-37DD and JR-22-38DD are pending.
Golden Lake Exploration has initiated the permitting process for a maiden diamond drill program at its Copperview Project in British Columbia.
The project spans 37,814 hectares and is expected to commence in Q3 2022. This location borders significant properties owned by Kodiak Copper Corp. and Gold Mountain Mining Corp.
Mike England, President of Golden Lake, highlighted ongoing activities at the Jewel Ridge project while expanding Copperview, including planned geochemical and geophysical field programs to refine drilling targets.
Golden Lake Exploration Inc. (CSE:GLM, OTCQB:GOLXF) announced the granting of 1.6 million stock options to directors, officers, and consultants at an exercise price of $0.15 for a period of two years. This move aligns with the Company's stock option plan and underscores its commitment to enhancing shareholder value. Golden Lake focuses on the exploration and development of precious and base metal properties, particularly advancing its exploration program on the Jewel Ridge property.
Golden Lake Exploration Inc. (CSE:GLM, OTCQB:GOLXF) has announced the final results from its drilling at the Jewel Ridge project in Nevada. Core drilling has commenced at the historic Hamburg mine, targeting Carlin-style mineralization. Highlights from previous phases include significant gold and silver intercepts, with a 24.54-meter intercept averaging 9.16 g/t gold and 65.8 g/t silver. The company plans to further evaluate new targets and expand the Eureka Tunnel mineralized zone. Quality control measures are in place for assay accuracy.
Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) has reported new high-grade results from drill hole JR-21-29 DD at its Jewel Ridge project, revealing 5.43 m @ 5.13 g/t Au and 1.5 g/t Ag, with the interval open to the north. The company corrected a previous error regarding assay results, clarifying the accurate measurement to 4.24 m @ 1.10 g/t Au plus 21 g/t Ag. Additional assays are pending, and the property lies in Nevada’s renowned Battle Mountain - Eureka trend, near significant gold mines.
Golden Lake Exploration Inc. reported promising assay results from its 2021 diamond drill program at the Jewel Ridge project in Nevada. The program involved 22 holes totaling 4,232 meters, uncovering a mineralization zone averaging 1.30 g/t Au over 30.32 meters. New findings reveal a thicker, lower-grade zone with 0.38 g/t Au over 101.1 meters. The overall area of mineralization now spans roughly 270 meters long and 90 meters wide, suggesting potential for expansion. The company is advancing permitting for further drilling in 2022 while maintaining 100% ownership of the property.
Golden Lake Exploration has reported promising initial results from samples at its Copperview Property in British Columbia. Notable findings include high-grade silver values reaching up to 9,920 grams per tonne and significant copper, lead, and zinc concentrations. A total of 57 rock samples and 230 soil samples were collected, with further assays pending. The company plans to conduct extensive exploration, including hand trenching and geological mapping, to enhance its drilling targets in this emerging copper-gold district.
Golden Lake Exploration Inc. (OTCQB:GOLXF) announced successful results from the first three diamond drill holes at the Jewel Ridge property in Nevada, revealing significant intersections of Carlin-style and Carbonate Replacement Deposit (CRD) mineralization. Notably, hole JR-21-16DD showcased a mineralized zone averaging 5.85 g/t Au, with another section yielding 5.93 g/t Au over 1.98 meters. The ongoing drilling campaign aims to expand these findings, as the company continues geological mapping and sampling to further explore the site.
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