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Red Lake Gold Inc C.RGLD

Red Lake Gold Inc. is a Canada-based junior mining exploration company. 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-hectare 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, which consists of over 11 mining licenses totaling approximately 56571 hectares, is located in the Athabasaca Basin region of Saskatchewan. 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 STOCKRUSon Aug 07, 2018 11:39pm
40 Views
Post# 28425230

RE:ALM.v $0.02 Getting Ready.. 💰⛏💰

RE:ALM.v $0.02 Getting Ready.. 💰⛏💰ALM.V may be an opportunity... this one is a Diamond in the rough .... 2nd Gold Discovery of 2018 and drilling has not begun on a NEAR TERM PRODUCER

 Highlights
  
 •          Mining Permit & License in good standing
 •          Operating Mining Camp and locals mine alluvial areas under a royalty agreement
 •          Zijin Mining Resource Funds Strategic Investors ($3.2M - 12.8M shares)
 •          42,000 meters of drilling (141 holes) completed in historic exploration since 1985 by prior operators
 •          Mazoa Hill Deposit 43-101 resource indicated 259,100 gold ounces and inferred 86,200 gold ounces   (excludes the Marudi North deposit)
 •          Only 5 % of the 54.6 sq km property explored, with nine areas of interest identified in the 5 % area
 •          Phase 1 work has returned gold surface values as high as 7.45 g/t gold and 107.5 meter gold bearing quartzite trench
 •          Planning a drilling program of up to 10,000 meters to delineate an additional 1 + Million ounce gold resource

 

 
About the Marudi Gold Project

The Company is developing the Marudi Gold Project located in Guyana, South America, the project is unique in that it has a 18-year mining license in good standing, all-season road access, infrastructure in place, with an established mining camp serviced by employees, service buildings, and a full-time mining manager. The Property has three known gold bearing areas, specifically the alluvial areas, the saprolite, and the underlying hard-rock.

There has been 42,000 metres of historic diamond drilling (141 holes) completed on the Project by prior operators. The Company has recently completed a mineral resource estimate on the Mazoa Hill zone containing 259,100 indicated gold ounces within 4,428,000 tonnes grading 1.8 grams/tonne (g/t) and 86,200 inferred gold ounces within 1,653,000 tonnes grading 1.60 grams/tonne (g/t). There exists excellent exploration upside through the development of previously identified mineralized bedrock targets on the Project.
 
 
52 week hi-lo     $0.14 - $0.385
Shares Issued               52.4 M
 
Share Ownership
 
Insiders +                      30.0 M
Zijin Resource Funds  12.8 M
 
 
Symbols : GYA - TSX Venture Exchange
             GYNAF – OTC Markets USA
                 1ZT - Frankfurt Exchange
 
 
 
www.guyanagoldstrike.com
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