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Golden Lake Exploration Inc GOLXF


Primary Symbol: C.GLM

Golden Lake Exploration Inc. is a Canada-based public mining exploration company. The Company acquires, explores, and develops precious and base metal properties of merit and to aggressively advance its exploration program on the Jewel Ridge property. The Company’s Jewel Ridge property is located on the south end of Nevada’s prolific Battle Mountain-Eureka trend, along strike and contiguous with i-80 Gold’s Archimedes, Ruby Hill and FAD shaft gold deposits to the north, Timberline Resources advanced-stage Lookout Mountain project to the south and North Peak Resources Prospect Mountain Mine Complex to the west. It also holds the Cardinalli Portfolio, consisting of three patented mineral claims called the Sentinel, the Clipper and the Golden Rule, comprising approximately 23 acres. It also owns an early-stage property, the Copperview project, which is situated in south-central British Columbia. It holds the option to acquire a 100% undivided interest in the Conglin Creek Copper Property.


CSE:GLM - Post by User

Comment by BlueChipper2020on Jun 09, 2021 12:24am
132 Views
Post# 33353327

RE:RE:RE:RE:Party Starting

RE:RE:RE:RE:Party Starting
PonyBoyOutsider wrote:

Thanks BC,

That's my point. IMO Dud or not,  we need to know ALL the hole results, not just the great ones, otherwise our investing opinion may be scewed. Your thoughts on that?


I'm going to call in and just ask about it. Been finding it hard to reach anyone at GLM. Found out today from someone in the GLM office (it's shared) that Wednesday's are best to catch someone there on the GLM team.

I hope everyone on this board has taken advantage of the SP below the PP and has been able to accumulate what they feel they need before the story breaks out.

Every time I wonder about whether or not I've done the right thing (going all in on GLM) (and thinking long), I reimburse myself in USGS documents on Carlin & CRD deposits, what they typically mean for potential tonnage (can be elephants....) and then I get pretty excited all over again.

That, coupled with Eric Sprott's step up after the Bonanza hole and the bump up from 5.4M PP to 10M, I'm feeling pretty confident the property is going to yield more positive news over the coming months. 

patience......



I completely agree with you. However keep in mind that the Company can release the news in various ways. It can lump into results from some upcoming drill holes vs. reporting the single hole non-event which I really have not seen done. The Company can consider it not material news so not under rules to release. This is a grey and shady area in my view.  Also keep in mind that releasing the single hole DUD would also be misleading to many investors as that hole has no impact on the FY 21 program. I am waiting for the pending assays from drilling started in early May which is directly related to the big hole hit and will start to tell us something. 


PS I have a very good position here however I am not "all in" as you would say. I have 4 other juniors and Sprott and the boys are focused in Newfoundland. You may want to take a look at what NFG and SIC have done the past 6 months. My others are FVl in Alaska and Teuton in the Golden Triangel in BC. All major Sprott investments not just a few million PP he does so often.  

BC
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