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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 dacreon Aug 22, 2019 5:14pm
43 Views
Post# 30056764

RE:From Dixie to Whirlwind Jack

RE:From Dixie to Whirlwind JackIn GBR's own words...

SuneeDaze wrote: Here's a few interesting statements from GBR's technical presentation on their website...

"...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 with a strong quartz-sericite alteration zone...."

As I stated in the previous post, both the LP fault and felsic rocks trend onto RGLD's Whirlwind Jack property.  We are the only other company that can say that.

Also...

"Current fault interpretation suggests that the fault zone and favorable stratigraphy extend for approximately 14 kms...."  As I said a number of times, the" fault zone and favourable stratigraphy"  extend you know where...

Finally, some shareholders are a bit antsy, anxious for a program to start.  It's interesting to see the timeline of GBR's approach to Dixie.  They acquired 67% of Dixie in 2015.  In 2016, they reviewed and compiled data and started to plan exploration program and drill targets.  In 2017, they acquired the rest of the project and began drilling...2 years after acquiring the property!  Again, 2 years after they acquired the project.  They hit their first significant intersection, then in 2018, hit the "bonanza hole" that started all of this...

So, to recap...once again...the LP fault is vital to gold mineralization...and trends onto our property.  The felsic rocks...gold occurs in those on Dixie...and trends onto our property.  And...patience is a virtue.  I know being so for me has seen the sp rise from 0.07 to 0.18.

Have a good night!


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