Golden Lake Exploration Inc C.GLM

Why GLM is an "interesting" investment

[NickelOne]

A bit of technical information (easy read):

GT = Grade x Thickness of a drill hole (example 10 meters @ 10g/t = 100 GT).

The majority of >2 Moz Au deposits have initial GT intersects >50 GT

When a company drills less than 4,000m and hit a 75 GT intersect, this could be very significant.

GLM drilled 1,600 m in 2020 and below are some of the equivalent GTs:

23 m @2.8 g/t = 64.4
23 m @ 1.1 g/t = 25.3

Historic intersections GTs:

27 m @ 5.5 g/t = 148.5
21 m @ 4.2 g/t = 88.2
41 m @ 2 g/t = 82

To capture most of the gold in a gold deposit bigger than 2M oz the discovery intersect should have at least 5m of mineralized rock.

Can GLM define a gold deposit greater than 2M oz?

I like the grade, I like the thickness and the fact that is close to surface (amenable for open pit mining) is a bonus. Is this in a safe jurisdiction?  Nevada is the best place to mine in the entire World.

2021 drilling campaigns will be very interesting, as permitting is in place and they can drill with all the flexibility they need to go after the best targets (12+ targets in total on the property, only 2 targets drilled in 2020). 

Note: I am a trained professional and this is not a recommendation to invest in GLM. Do your own DD before investing in any company. 

Happy New Year and Happy investing!

[FREEDOM55]

Thank you for the info! I am heavily invested in GLM and waiting patiently!!

[NickelOne]

I liked GLM for their Nevada prospect, but with the aquisition of Copperview Project I like them even more. News from Copperview should start coming in slowly, first pass exploration results, airborne geophysical survey results (which I anticipate would be ZTEM), exploration plans for 2021, other posible aquisitions in the same area, etc. It is a young company with very experienced management

[FREEDOM55]

All the best! Happy New Year!!

[Flyingjay]

with gold being a tier 1 asset this gold play is gonna fly! We have a copper play here that will explode anyone skeptical of glms positions will regret not buying in at these undervalued levels

[NickelOne]

Hey Freedom55 - your patience was rewarded. That Freedom55 is one step closer! What a day, couldn't ask for anything better! GLTA

[FREEDOM55]

THANK YOU NICKELONE!! WHAT A DAY AND STILL HOLDING AND IN THE GREEN! ALL THE BEST AND STAY HEALTHY!!

[NickelOne]

Last drill hole had a GT of 224.7, from surface. Nothing more to add here, all the indicators are pointing in one direction. GLTA

[BlueChipper2020]

Nickelone Thanks for the excellent post. BC

[NickelOne]

You are welcome - my initial post was early 2021, there were wery few of us on this bullboard as GLM was mostly unknown to many retail investors. Things have changed a lot, it is a good start for what is to come... GLTA