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. reports developments as a junior public mining exploration company focused on mineral exploration and the acquisition of mineral property assets. Company news centers on the Jewel Ridge property in the Battle Mountain-Eureka gold trend of Eureka County, Nevada, including drilling results, exploration targets, precious and base metal mineralization, and technical disclosure reviewed under Canadian mining standards.
Recurring updates also cover convertible promissory notes, claim-maintenance funding, shareholder voting matters, material agreements, capital-structure disclosures, governance matters, and operating and financial results for its publicly traded common shares.
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.
Golden Lake Exploration Inc. reported promising assay results from its 2021 diamond drill program at the Jewel Ridge project in Nevada. The program involved 22 holes totaling 4,232 meters, uncovering a mineralization zone averaging 1.30 g/t Au over 30.32 meters. New findings reveal a thicker, lower-grade zone with 0.38 g/t Au over 101.1 meters. The overall area of mineralization now spans roughly 270 meters long and 90 meters wide, suggesting potential for expansion. The company is advancing permitting for further drilling in 2022 while maintaining 100% ownership of the property.
Golden Lake Exploration has reported promising initial results from samples at its Copperview Property in British Columbia. Notable findings include high-grade silver values reaching up to 9,920 grams per tonne and significant copper, lead, and zinc concentrations. A total of 57 rock samples and 230 soil samples were collected, with further assays pending. The company plans to conduct extensive exploration, including hand trenching and geological mapping, to enhance its drilling targets in this emerging copper-gold district.
Golden Lake Exploration Inc. (OTCQB:GOLXF) announced successful results from the first three diamond drill holes at the Jewel Ridge property in Nevada, revealing significant intersections of Carlin-style and Carbonate Replacement Deposit (CRD) mineralization. Notably, hole JR-21-16DD showcased a mineralized zone averaging 5.85 g/t Au, with another section yielding 5.93 g/t Au over 1.98 meters. The ongoing drilling campaign aims to expand these findings, as the company continues geological mapping and sampling to further explore the site.
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.