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. 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.
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.