GOLDEN LAKE EXPL INC - GOLXF STOCK NEWS

Golden Lake Exploration Inc. (CSE:GLM, OTCQB:GOLXF) has commenced a Phase 2 diamond drill program at its Jewel Ridge project in Nevada. This program, designed to explore 20,000 feet (6,100 meters) of drilling, targets high-grade mineralization discovered in previous drilling, including notable intersections of gold, silver, lead, and zinc. The company aims to expand its resource base while working with Big Sky Exploration, LLC. Exploration efforts are focused on both the Carbonate Replacement Deposit and the Hamburg Zone, which showed promising results in earlier drilling campaigns.

Golden Lake Exploration Inc. (CSE:GLM) (GOLXF:OTCQB) has engaged Big Sky Exploration, LLC for a core drilling campaign at the Jewel Ridge project in Nevada, commencing in May 2021. The program aims to follow up on a successful drill hole (JR-20-DD12) that intersected 24.54 meters with 9.16 g/t gold and 65.8 g/t silver. A second drill is being negotiated for Q2 2021. The campaign will explore various targets, including the South Eureka area, which shows promising mineralization. Additionally, the company has granted 100,000 options at $0.45 to a director.

Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) has announced a major exploration program for 2021 on its Jewel Ridge gold property in Nevada, involving 20,000 feet of diamond drilling. Following successful 2020 drilling results, the company aims to extend known gold-silver mineralization zones and explore new targets. Techniques such as hyperspectral imaging and Long Wave Infrared Survey will be utilized to enhance mineral identification. The drilling program is set to commence on May 1, 2021, subject to weather conditions.

Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) announces the appointment of Jay Sujir to its Board of Directors. With over 30 years of experience as a mining and securities lawyer, Sujir is poised to enhance the company's strategic direction. CEO Mike England expressed optimism about Sujir's contributions to Golden Lake's growth. The company also reports the resignation of Twila Jensen from the Board, thanking her for her service. Golden Lake continues to focus on its Jewel Ridge property, located in Nevada’s gold-rich Battle Mountain - Eureka trend.

Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) announced changes to its recent private placement. The Company issued 22,345,404 units at $0.45 per unit, generating gross proceeds of $10,055,431.80. Each unit includes one common share and half a warrant, with a full warrant priced at $0.60 for a 24-month period. Additionally, finders' fees amounted to $407,296.46 cash and 905,101 warrants. The Company also granted 2.85 million options to directors and consultants at $0.45 for two years.

Golden Lake Exploration Inc. (OTCQB:GOLXF) has successfully completed a non-brokered private placement, raising $10,037,431.80 by issuing 22,305,404 units at $0.45 each. Notably, investor Eric Sprott acquired 4,444,444 units, representing approximately 7.5% of the company's shares. The funds will primarily support the advancement of the Jewel Ridge property in Nevada and general working capital. Additionally, finders' fees totaled $406,216.46 cash and 902,701 warrants. Units are subject to a four-month hold period.

Golden Lake Exploration Inc. announced a significant discovery of a high-grade mineralized oxide zone at its Jewel Ridge property in Nevada. Drill hole JR-20-DD12 intercepted 24.54 meters, yielding impressive results of 9.16 g/t gold and 65.8 g/t silver. Notably, a high-grade segment revealed 3.23 meters averaging 57.16 g/t gold and 452 g/t silver. The company plans further drilling on the promising South Eureka target area, demonstrating strong potential for expanding its ore resources. The Jewel Ridge property is strategically located in a prolific mining region.

Golden Lake Exploration Inc. (CSE:GLM, OTCQB:GOLXF) announced significant results from its summer drilling program at the Jewel Ridge gold property in Nevada. Hole JR-20-09 intersected a new mineralized zone at 160 meters depth, averaging 1.48 g/t Au over 10.67 meters. The Upper Mineralized Zone showed lower grade mineralization, enhancing the potential tonnage. The drilling program has concluded for the season, with more assays pending. The company is optimistic about future exploration and has plans for an Induced Polarization survey to identify new targets.

Golden Lake Exploration Inc. announced significant assay results from its drill program at the Jewel Ridge gold property in Eureka, Nevada. Drill hole JR-20-06 reported an impressive 2.80 g/t Au and 5.9 g/t Ag over 22.86 meters. The results confirm the potential for high-grade oxide gold mineralization in the Eureka Tunnel Zone, marking a successful start to the drilling campaign. The company highlighted that the final assay results from four remaining holes are expected soon and implies further drilling exploration is planned in the fall.