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. has appointed Mr. Don Hoy as the Vice President of Exploration, bringing over 30 years of experience in mining. Previously, he held key positions at Wolfden Resources and Cliffs Natural Resources. His expertise will support the advancement of the Jewel Ridge project in Nevada, a promising area for gold exploration. The company also announced the granting of 1.8 million stock options at $0.08 each for five years, and the decision to drop one option from its Copperview portfolio. Jewel Ridge consists of 96 unpatented lode claims and 30 patented claims, targeting Carlin-style gold deposits.
Golden Lake Exploration has released results from its Phase 2 diamond drill program at the Jewel Ridge Property in Nevada.
Highlights include:
- 26.37 metres averaging 5.38 g/t gold from hole JR-22-36DD.
- Highest grade intercept in hole JR-22-50DD: 3.31 g/t gold, 209.5 g/t silver.
- Comprehensive Plan of Operation submission is ongoing to enhance future drilling capabilities.
Drilling quality assurance was noted, with no reported QA/QC issues.
Golden Lake Exploration Inc. (CSE:GLM) (GOLXF-OTC) announced exciting updates regarding its Jewel Ridge project in Nevada. Drilling at the Hamburg Mine Target has revealed the Red Zone with visual arsenic minerals orpiment and realgar in hole JR-22-42DD, confirming significant mineralization potential. The hole was drilled at a depth of 183.5 metres (602 ft) and aims to extend mineralization findings from previous drill hole JR-22-36DD, which returned 5.38 g/t Au over 26.37 metres. The project area holds robust geological prospects along a north-south mineralized corridor.
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.