GLM's recently released MD&A gives a lengthy and impressivedescription of their gold prospects in Nevada. A detailed listing of findings from assays received and possible further drilling will provide.
"On December 7, 2021, the Company reported additional assay results from six (6) holes from the 2021 diamond drill program at the Jewel Ridge project near the town of Eureka in Nevada. Further drill hole assays remain pending. A 4,232 meter Diamond Drill program comprised of 22 holes focused on defining and expanding the mineralization encountered in its 2020 drill program was completed in 2021. The previously released 2021 drill results indicate a shallowly north dipping zone of mineralization averaging 1.30 g/t Au over a thickness of 30.32 meters based on 2021 diamond drill holes JR-21-14DD to JR16DD, and JR-21-18DD through JR-22- 21DD. The new results indicate that this zone is abruptly down faulted to the north along a west to northwest trending structure. Based on 2021 drill results to date a much thicker, lower grade mineralized zone has been discovered in the hanging wall of the fault. This mineralization averages 0.38 g/t over a thickness of 101.1 meters based on 2021 diamond drill holes JR-21-17DD, and JR-21-23DD to JR-21-27. The new mineralization, which starts from the surface, is open to the north and east and is only partially constrained to the west and south. The drill holes are slightly oblique to mineralization so these thicknesses may not represent true widths. To date the overall size of the area of known mineralization at Eureka Tunnel is approximately 270 meters long and 90 meters wide and there is a good potential for expansion. The Eureka Tunnel mineralized zone consists of both carbonate replacement deposit (“CRD”) mineralization and Carlin-type mineralization. Recent petrologic studies indicate overlapping mineralization styles which are still being worked out. Based on encouraging petrography and mineralogy results, we will be completing initial metallurgical studies to determine the gold recovery in a heap leaching application. The additional hole, JR-21-29 DD, came back with a new high-grade intercept of 5.43 m @ 5.13 g/t Au & 1.5 g/t Ag. This hole is open to the north with the intercept section beginning at the 156.70- meter level.
On February 7, 2022, the Company reported the full and final results from drilling to date at the Jewel Ridge project in Nevada as well as report on the commencement of drilling at Jewel Ridge. Core drilling has now commenced at the historic Hamburg mine and will seek to expand on highgrade intercepts of Carlinstyle mineralization and Carbonate Replacement Deposits encountered by prior drilling. The geologic team is preparing further targets in advance of the 2022 program at the Eureka Tunnel target for spring and early summer. Big Sky Exploration LLP has been contracted again after a very successful campaign in 2021. The last five drill holes at the Eureka Tunnel target have continued to expand the footprint of the shallowly-dipping Carlinstyle mineralization. Highlights • JR-21-30DD was drilled peripheral to JR-20-12DD and averaged at 2.76 g/t Au 8.51 g/t Ag over 15.67 m with 1.52 m from 9.45 m to 10.97 m assaying at 15.81 g/t Au and 47.81 g/t Ag. • JR-21-33DD is the most southeastern hole drilled to date and encountered a low-grade zone that was punctuated by a 4.42 m intercept from 37.4 m to 41.82 m that averaged at 2.67 g/t Au and 7.86 g/t Ag. The Golden Lake team is encouraged and are working on understanding this dimension of the Eureka Tunnel zone. • JR-21-31DD and JR-21-34DD have expanded the Eureka Tunnel mineralized zone to the north. Mineralization remains open in the north at depth and along strike with rock sampling on the surface indicating the potential for higher-grade zones.
On March 23, 2022, the Company reported on its first diamond drill hole of the 2022 field season, located at the Hamburg Mine Target, on the Company’s keystone Jewel Ridge project, located in the prolific Eureka gold district, Nevada. Hole JR-22-36DD returned a very significant intercept of 26.37 meters averaging 5.38 grams gold per tonne (g/t Au) from a shallow depth of 42.64 meters. Highlights of this hole include: • The above intercept is part of a much wider interval of mineralization that returned 67.57 meters averaging 2.37 g/t Au, from a depth of 42.64 meters. • These intercepts in hole JR-22-36DD represent the highest gold grades ever drilled on the Hamburg target. The best previous historic hole on the Hamburg target was HRC11, which returned 2.01 g/t AU over 41.1 meters from a depth of 94.5 meters. • The Hamburg target is approximately 1.8 kilometers South-Southeast of the Eureka Tunnel target, where the Company was actively exploring throughout most of 2021. • At the Hamburg Mine, historic gold production from the underground and open pit workings, and previous exploration activities had focused on oxide gold mineralization in the Hamburg Dolomite unit, and/or at the contact of the Hamburg Dolomite with the Dunderberg Shale. • However, the high-grade mineralization in hole JR-22-36DD, occurs within the Dunderberg Shale horizons, associated with silicification and sulfidation, and with frequent and vivid arsenic sulfide minerals, orpiment and realgar (see photos). The Dunderberg Shale represents an attractive new geologic target that has seen little exploration focus, in addition to the known oxide gold mineralization in the altered, oxidized dolomite breccias of the Hamburg Dolomite. The prospective Hamburg Dolomite - Dunderberg Shale contact is projected to extend the entire 3.5-kilometer length of the Jewel Ridge property. • Silver and base metals assays are still pending, which typically take longer to analyze, and will be reported when received. • Holes JR-22-37DD, and JR-22-38DD have been completed on the Hamburg Mine target and are located approximately 225 meters South-Southeast of Hole JR-22-36DD. Assays are pending on these holes"
Discussions regarding BC holdings were also enlightening. There is much to anticipate. The current share price doesn't reflect the possibilities. IMO