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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 SuneeDazeon Aug 17, 2019 7:58am
44 Views
Post# 30039175

RE:RE:LP Fault Trends onto Whirlwind Jack

RE:RE:LP Fault Trends onto Whirlwind Jack
hillcrester18 wrote:
SuneeDaze wrote: I know we haven't started a field program yet, but there's lots to be optimistic about.

As a couple of us have stated before, the rock lithologies clearly trend from GBR's Dixie project onto RGLD's Whirlwind Jack property.  Geophysical maps clearly show the rocks folding in the northwest onto our property.  

Also of significance, the Bear Rimini zone, Dixie zones align in a northwesterly trend...yep right through our property...and interestingly on strike with the Madsen mine to the northwest.

Probably most significant is the LP Fault that GBR's own maps show trending from their property to our property.  The significance?  According to GBR's website, 

"
  • The LP Fault is interpreted as a major gold mineralization control and hydrothermal fluid conduit during Archean age gold mineralization. The generally 1 kilometre wide area between the LP and North Faults may represent a significant structural dilation zone where gold rich hydrothermal fluids accumulated."
  • The new discovery is hosted by a new exploration target, the “LP Fault”, and adjacent lithologies.


Hey guys.  Here from the BTU board.  I bought into BTU a couple of days ago and its been mentioned on that board that it kakes sense to also take a stake in RGLD whichh I haven't done ... yet.

Guess Im trying to gind a reason to put $ here rather than PAC, morebBTU, or GLD.

thanks


Well, it's a rainy day here on Georgian Bay...

Who knows?  Really.  They're all exploration plays in which any, all or none may hit.  But you want to make money regardless of that.  Do in depth dd into management, management, management, share structure and property geology (which you may not ubderstand).

To me, RGLD is superior in each of these facets.  I'll do a really quick recap in another post as it'll be too long here...stay tuned.

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