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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

Post by dacreon Sep 05, 2019 6:56am
140 Views
Post# 30097203

How about...

How about...We see what further exploration turns up.  We are not even on the ground yet on our property, the only other property that apparently hosts the LP Fault, felsic and mafic rock units (according to GBR maps).

what we know is that the geology 1/2 km northwest of the BR Zone is more complicated...beyond that who knows?  We also know that there is 10 km of the Fault between the BR zone and our property line.  We know that GBR is planning on further drilling to the northwest of the BR zone toward our property.  

We don't know how long the fault or various units (including your markers) extend on our land...or if these are even factors on our land.  We do know that there is gold on our land as we've had samples in the past grade up to 7g and that's from practically no outcrops on the land.

Let's see what exploration turns up.  I don't think we can make assumptions on our property based on what the nearest hole turned up 10 km away.  For that matter why not look at the Madsen mine model.  How close is it?
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