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 junior public mining exploration company focused on precious and base metal targets, with its activities centered on the Jewel Ridge property in the Battle Mountain–Eureka gold trend of Nevada. The company’s news flow primarily relates to exploration progress, drill programs, technical results and project funding.
On this page, readers can review news releases describing Golden Lake’s reverse circulation drill campaigns at Jewel Ridge, including details on hole locations, metres drilled and geological observations such as gossanous intervals, iron-oxide–rich zones and mineralized sections within the Hamburg Dolomite. The company also reports assay results from external laboratories, highlighting intervals with anomalous to strongly anomalous gold and silver values and discussing their relationship to regional structures and deposit styles like Carlin-type and carbonate replacement deposits.
Golden Lake’s news items also cover geophysical work, such as induced polarization surveys that define targets like the Magnet Ridge IP anomaly, and the interpretation of mineralized trends that may extend from neighboring properties onto Jewel Ridge. In addition, announcements address drill plans at historic workings including the Sterling Tunnel mine and other areas where prior grab sampling returned high-grade gold, silver, lead and zinc values.
Investors and followers of GOLXF can also find updates on corporate and financing developments, including convertible promissory notes and private placements used to support exploration and maintain property obligations. For those tracking early-stage gold and base metal exploration in Nevada, this news feed provides a consolidated view of Golden Lake’s disclosed activities and technical results over time.
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.
Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) has announced the commencement of its drilling program at the Jewel Ridge Project in Nevada. The company has hired HD Drilling Services from Winnemucca, Nevada, to conduct the operation. Drilling is set to begin on September 23rd, 2024, pending written confirmation from the BLM regarding the receipt of the reclamation bond.
The initial phase of the program will involve drilling a minimum of 4 high-priority holes, covering approximately 1,700 meters (5,000 feet) using Reverse Circulation (RC) drilling techniques. CEO Mike England expressed enthusiasm for the start of this long-awaited program, highlighting the extensive data correlation efforts undertaken over the past two years.
Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) has successfully closed an oversubscribed non-brokered private placement, raising $791,750 by issuing 15,835,000 units at $0.05 per unit. Each unit comprises one common share and one transferable warrant, exercisable at $0.07 for 36 months. The proceeds will be used to advance the Jewel Ridge property in Nevada and for general working capital. The company paid $34,425 in finders' fees and issued 896,000 non-transferable finders' warrants, exercisable at $0.07 for 12 months. All shares issued are subject to a four-month hold period.
Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) announces that its recently announced private placement is now fully subscribed. The non-brokered offering consists of 15 million units at $0.05 per unit, aiming to raise $750,000 in gross proceeds. Each unit includes one common share and one transferable warrant, exercisable at $0.07 for 36 months. The funds will be used to advance the Jewel Ridge gold property in Nevada and for working capital. CEO Mike England expressed satisfaction with the response and stated that drilling is expected to commence by the end of September. The shares will be subject to a four-month hold period, and finder's fees may be payable.
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.
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