Red Lake Gold Inc C.RGLD

Metals & Mining Gold

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.

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Red Lake Gold Inc > RGLD-Wedged Between Bonanza Gold Properties

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Comment by goindeeperon Aug 23, 2019 12:34am

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Post# 30057870

RE:RE:RGLD-Wedged Between Bonanza Gold Properties

Hopefully it doesn't take too much exploration to get this stock to really soar. There is only 2m of overburden at GBRs Bear-Rimini and gold is supposedly present at bedrock surface. The mutual boundary is 10km away, so the overburden may be thicker (or shallower), but RGLD may be able to get away with a quick trenching and channel sampling program across the LP fault just inside RGLDs east boundary.

Also, if the current GBR drilling further proves up the Spaciotemporal Geochemical Hydrocarbon (“SGH”) survey results in the next couple of months, doing our own survey would likely be the first step. In that case, positive results on a RGLD geochem survey would send us soaring without even turning a drill.

Our most technically efficient option is likely to wait for GBR to do all the work of showing us the exploration and deposit models. That said, is there a danger of being taken out too early at too low a price if we havent proven up a deposit....

SuneeDaze wrote: I don't think there's another company that has a property more strategically situated than RGLD's Whirlwind Jack property. Obviously we're not going to know for certain after a prolonged, systematic exploration program. But given it's location, you sure got to like our chances of success.

SuneeDaze wrote: Most of our discussion on the board has related to GBR, and how our property is on strike with their zones (e.g. Bear Rimini) and the LP Fault, and deservedly so.

What we tend to forget is that to the north, we are bordered by PAC that has returned recent grab samples up to 126.5 g/t gold and historic samples grading as high as 133 g/t gold. Also to our north-northwest is the historic Starrat-Olsen Mine and Pure Gold's Madsen Mine which has a resource of 2 million ozs +.

Again, if it hasn't been said before, RGLD's Whirlwind Jack property is right in the middle of elephant country, wedged between prolific GBR's Dixie property and PAC...and on trend as well between Dixie and Pure Gold's Madsen Mine, making it the only property as such.