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Red Lake Gold Inc C.RGLD

Red Lake Gold Inc. is a Canada-based company focused on gold exploration. The Company’s principal business activities include the acquisition and exploration of mineral property assets. It is focused on high-impact gold exploration through its 21,238 hectares district-scale Whirlwind Jack gold project situated near Red Lake, Ontario. Its projects include Whirlwind Jack Gold Project, Fenelon North Gold Project, Preston District Uranium Project, and Celt Lake Lithium Project. The Whirlwind Jack Gold Project is a district-scale gold exploration project located near Red Lake, Ontario. The Fenelon North Gold Project is situated within the core of the Fenelon gold district. The Preston District Uranium Project is located in Saskatchewan near exploration projects held in by Azincourt Energy Corp. and Orano Canada. The Celt Lake Lithium Project is located in Red Lake Mining District, Ontario, Canada. The Celt Lake Lithium Project has approximately 500 claims.


CSE:RGLD - Post by User

Comment by TruthBKnownon Aug 25, 2019 6:01pm
31 Views
Post# 30064151

RE:RGLD's Property:Whirlwind Jack

RE:RGLD's Property:Whirlwind JackThis is great.  Thanks so much for doing it.  To be honest, every time I review the facts of this company I just get more encouraged.  

SuneeDaze wrote: And this is in response to comments on other boards that their property is bigger or their property is closer or their property is...well, you get the idea.  My apologies for the length...a little weekend reading.  If you take a few seconds and check the links, you'll clearly see my reasoning.

Ya, all those factors above are nice, but what is even more important is the property's geology: rock types, structures, mineralization, alteration, etc.  I personally feel that RGLD's Whirlwind Jack property contains many of those compelling requisites, sharing many of the features that are integral to their contiguous neighbour, GBR's Dixie project.

It's important to note that according to a 2015 MNDM report the geology in the area is poorly understood because only 1-2%...that's 1-2% of the land surface is rock outcrops, so maps involve a lot of extrapolation....remember that for later.

Until we begin our own exploration, we must rely on comments from GBR with respect tp gold mineralization controls.  Obviously, most investors are aware that the LP Fault is key to controlling gold mineralization, and in the northwest zones (Bear Rimini) felsic volcanic rocks are also integral as is silification.  In particular, we know that GBR feels that the LP Fault is key to mineralization on the entire property and they are showing that now by deploying 3 drills to drill along the strike length of it on their property.

From GBR's slide presentation:

...BR Zone – high grade gold in silicified felsic lapilli tuff associated with wide-spread anomalous gold and a regional scale deformation zone...

...High grade gold is localized within silicified coarse grained felsic volcaniclastic rocks. The zone is proximal to a large fault zone (LP Fault) the fault zone is marked by anomalous gold values...

First off, if you look at the link below to RGLD's site, you'll see a copy of a geophyisical map that clearly shows signatures from rocks and structures trending from Dixie onto RGLD's property.  

https://www.redlakegold.ca/whirlwind-jack-gold-project

Now, If you scroll to page 6 of GBR's presentation, you'll see a property geology map that clearly shows the LP Fault and the felsic vocanics (yellow coloured) trending nothwest to our property...

https://www.greatbearresources.ca/site/assets/files/3773/geology_presentation_may-23_2019.pdf

And if that's not enough, if you have a look at PAC's website and scroll down, you'll see a property map of the entire region.  Our property isn't labelled, but you can see it in grey, connecting in the NW of Dixie (juts up to north and to west).  Now look from Dixie northwest.  Our property is located on trend from Dixie towards Starratt-Olsen Mine, Wedge Zone and Pure Gold's Madsen Mine.

https://www.pactongold.com/projects/canada/red-lake-ontario/

That's right, Whirlwind Jack is aligned not only with Dixie but 3 significant deposits (2 mines) as well as Pacton's property to the northwest.  However, as I've said, this isn't just about proximity to others, though we're right in the middle of elephant country.  It's about having a property that has the right geology condusive to hosting gold mineralization which it sure looks like RGLD's Whirlwind Jack has. 

It's going to be an interesting exploration program which I'm sure will garner further excitement, interest, speculation and price appreciation.

Have a good night.

Oh, also remember the geology map is a very general regional view...and also remember the lack of rock outcrops showing (only 1-2 %).  The last thing GBR wants to do is show key features trending onto neighbouring lands (e.g. north fault).  Because should those neighbouring lands lapse due to inactivity, you can bet GBR will be all over them.  It won't be until we do extensive exploration work that we discover the features of Whirlwind Jack.  Should be interesting!




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