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.

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Red Lake Gold Inc > Read the NR, Learn Before You Post!

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Comment by dacreon Sep 04, 2019 6:49pm

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RE:Read the NR, Learn Before You Post!

Well said Sunnee. This is going to be a long process...will be lots of speculation and lot more advancement. We haven't even set foot on the land yet...Everyone needs to follow the words of that famous philosopher Taylor Swift ..You need to calm down!

SuneeDaze wrote: I'm guessing that some of the negative posts are trolls, individuals upset that they feel they missed the out on RGLD, investors in other companies, whatever.

Yesterday's nr hasn't changed anything for RGLD other than provide further infromation about the LP Fault area 575 m northwest of the Bear Rimini zone...the most northwestern zone (with DNW). Why mention the Yuma Zone to the southeast?

Again, this is from GBR's nr yesterday:

"Two drill holes were completed 575 metres to the northwest of the Bear-Rimini Discovery area. While the gold mineralized system clearly continues into this area, the main target marker unit was not intersected. Alternating mafic and felsic units were intersected in this area in an arrangement not seen in other locations drilled along the LP fault. The units may be complexly infolded, or the LP fault may contain tectonic delaminations of the surrounding units, including the hanging wall mafic lithologies.

More drilling is required in order to locate the key marker unit and further evaluate the gold potential of the area.

Follow-up drilling will be undertaken both between this section and the Bear-Rimini Discovery area and farther to the northwest along the LP fault as the drill program proceeds."

Sure doesn't sound like GBR is giving up and shutting down the drill northwest of the BR Zone. In fact, it states they intend to drill further northwest. Do the naysayers seriously believe that GBR is going to leave 1/2 the fault...the other 10 km to RGLD's border untested.

I get that it's been tough for some watching RGLD go from 0.075 earlier in the summer to over $0.60 ysterday. And it's also physically difficult to even buy in if you want when the float is so low, but give us all some credit here.

Have a good night.