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 (OTC PINK: GOLXF; CSE: GLM) entered an unsecured convertible promissory note to borrow C$165,000 with a maturity date of October 29, 2026. The Loan accrues interest at 10% per annum from issue date, subject to earlier conversion. The outstanding amount is convertible into common shares at a conversion price of $0.05 per share. Any shares issued on conversion will be subject to a statutory hold period of four months and a day. The company intends to use the proceeds for advance royalty payments under its Option Agreement with Greenlane Resources Ltd.
Golden Lake Exploration (OTCQB:GOLXF) has announced plans to enter into an unsecured, convertible promissory note to borrow C$50,000. The loan will mature on December 31, 2025, with a 10% annual interest rate. The outstanding amount can be converted into common shares at $0.05 per share, subject to a four-month statutory hold period.
The company plans to use the funds to make payments to the U.S. Bureau of Land Management to maintain its Jewel Ridge claims in good standing.
Golden Lake Exploration (CSE:GLM)(OTCQB:GOLXF) has announced an immediate change in its executive team. Mr. Leon Ho has been appointed as the new Chief Financial Officer, replacing Mr. John Masters who is retiring. Ho brings experience as a chartered professional accountant, particularly in working with mining exploration companies at Cross Davis & Company LLP, where he provided accounting services to publicly listed mining sector entities.
Golden Lake Exploration (GOLXF) has reported results from its autumn drill program at the Jewel Ridge property in Nevada's Battle Mountain-Eureka gold trend. The program completed 1,756 metres of reverse circulation drilling across 5 holes, targeting IP anomalies and historic mines.
The most significant results came from hole JR-24-54, which yielded two notable intercepts: 0.77 g/t Au & 17.54 g/t Ag over 13.72 metres (including 1.42 g/t Au & 35.10 g/t Ag over 6.10 metres) and 0.18 g/t Au & 3.92 g/t Ag over 25.91 metres. These intercepts are associated with two prominent north-trending structures: an unnamed fault and the Jackson fault.
Soho House & Co (NYSE: SHCO) has announced a delay in filing its Form 10-Q for the third quarter of 2024, covering the 13-week and 39-week periods ended September 29, 2024. The company expects to file the report in mid-December 2024. Following the earnings release and 10-Q filing, the company plans to hold an Investor Day in early 2025 to discuss growth opportunities. The delay comes after the company's previous Form 12b-25 filing on November 6, 2024, stating it couldn't file by the original November 13, 2024 deadline without unreasonable effort or expense.
Golden Lake Exploration reports promising developments at their Jewel Ridge property in Nevada's Battle Mountain-Eureka gold trend. Recent drilling by neighboring North Peak Resources revealed significant gold grades within 150 meters of Jewel Ridge's border, including intersections of 12.00 g/t Au over 22.90 metres and 1.06 g/t Au over 126.50 metres. North Peak interprets these results as part of northeast-southwest mineralized trends that could extend into Golden Lake's property. The historic El Dorado mine and Adelphi patent areas, which have never been drill-tested, show potential alignment with these trends, with previous sampling at Adelphi yielding up to 38.60 g/t Au.
Golden Lake Exploration has completed its autumn drill program at the Jewel Ridge property in Nevada's Battle Mountain-Eureka gold trend. The program comprised 5 reverse circulation holes totaling 1,756 metres (JR-24-51 to JR-24-55). The property is strategically located near infrastructure and adjacent to exploration programs by North Peak Resources and i-80 Gold Corp.
Drilling targeted IP anomalies in favorable geological settings for Carlin-type gold and carbonate replacement deposits. All drill holes encountered heavily oxidized gossanous material, with JR-24-54 showing a notable 7.60-metre interval of intensely oxidized material in the Hamburg Dolomite. Samples have been sent to Paragon Geochemical Laboratories, with rush analyses expected within 14 days.
Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) is set to commence drilling on a prime target at its Jewel Ridge Property in Nevada's Battle Mountain-Eureka gold trend. The property is adjacent to high-profile exploration programs by North Peak Resources and i-80 Gold Corp. Geophysical surveys completed in summer 2024 revealed a prominent IP anomaly over an 800-metre strike length, persisting to at least 400 metres depth. This anomaly is associated with a corridor hosting significant carbonate replacement deposits (CRDs).
To date, 1,378 metres across 4 holes have been drilled in the current program. The latest hole, JR-24-54, yielded several gossanous intervals, including a 7.60-metre-long intensely oxidized interval in the Hamburg Dolomite, an important host for CRD and disseminated deposits. Results will be released as they become available.
Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) has expanded its current drilling program to include the high-grade Sterling Tunnel mine on its Jewel Ridge property in Nevada's Battle Mountain-Eureka gold trend. The property is adjacent to successful exploration programs by North Peak Resources and i-80 Gold Corp.
The Sterling Tunnel mine features precious metal-rich carbonate replacement deposit (CRD) mineralization. Grab sampling by Golden Lake and Homestake Mining returned high-grade assays, including:
- 29.49 g/t gold, 181.00 g/t silver
- 111.69 g/t gold, 333.00 g/t silver
- 7.95 g/t gold, 223.00 g/t silver
Mineralization is hosted in brecciated, altered bleached dolomite. The Sterling Tunnel mine has never been tested by diamond drilling. Drilling is expected to commence within a week and take 2-3 days to complete.
Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) has commenced drilling on its flagship Jewel Ridge property in the Battle Mountain-Eureka gold trend of Nevada. The property is strategically located near successful exploration programs by North Peak Resources and i-80 Gold Corp. The 1,700-meter drill program, conducted by HD Drilling Services, will target 4 to 5 high-priority sites over 2 to 3 weeks.
The targets include Induced Polarization (IP) anomalies from 2024 surveys in favorable geological settings that potentially host Carlin-type gold deposits and carbonate replacement deposits. Additional targets include historic mines with high precious and base-metal assays that have not been previously drilled. Drill results will be released as they become available. The technical disclosure has been approved by Don Hoy, P.Geo., serving as the qualified person under National Instrument 43-101.
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