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.

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Comment by dacreon Sep 03, 2019 9:17pm

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Post# 30092716

RE:Soooo...

This is good...

Follow-up drilling will be undertaken both between this section and the Bear-Rimini Discovery area and farther to the northwest along the LP fault as the drill program proceeds.

SuneeDaze wrote:
As far as what today's announcement/results mean for RGLD...

They stated in the nr that they drilled two holes 575 m NW of BR Zone, and that the geology is complex and unlike elsewhere on the property and will need further drilling to evaluate the area. It's worth noting that Whirlwind Jack is approximately 10 km NW of the BR Zone, so lots of work to be done, interpretation, etc. See below.

"Two drill holes were completed 575 metres to the northwest of the Bear-Rimini Discovery area. While the gold mineralized system clearly continues into this area, the main target marker unit was not intersected. Alternating mafic and felsic units were intersected in this area in an arrangement not seen in other locations drilled along the LP fault. The units may be complexly infolded, or the LP fault may contain tectonic delaminations of the surrounding units, including the hanging wall mafic lithologies.

More drilling is required in order to locate the key marker unit and further evaluate the gold potential of the area.

Follow-up drilling will be undertaken both between this section and the Bear-Rimini Discovery area and farther to the northwest along the LP fault as the drill program proceeds."