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 (GOLXF) announced progress on its Jewel Ridge gold property in Nevada. Drilling resumed on May 6, 2021, with six holes completed, totaling 3,125 ft. Assays for the first three holes are anticipated shortly. Highlighted results include a high-grade interval of 57.16 g/t Au. The company is preparing a comprehensive Plan of Operation to expand exploration capabilities and has engaged EM Strategies for its submission to regulatory bodies. Additionally, a Lidar survey is underway to enhance site mapping.
Golden Lake Exploration Inc. (OTCQB:GOLXF) has received approval from the BLM for its exploration and drill plan on the Jewel Ridge property. This plan includes a surface disturbance of 2.49 acres and aims for 35 drill sites in the Eureka Tunnel target area. Previous drilling returned impressive results, with samples averaging 57.16 g/t gold. CEO Mike England emphasized the significance of this approval for expanding drilling opportunities in the area. The Jewel Ridge property is near prominent mining sites like Barrick Gold’s Archimedes gold mine.
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.
