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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 Nov 09, 2019 3:46pm
94 Views
Post# 30331789

RE:RE:RE:Field Update

RE:RE:RE:Field UpdateGreat comments, diabase!

Ya, apparently the survey is top notch (instrumentation, detection. Sensitivity, etc.).  On top of what you stated, sulphide enriched areas, iron formations, etc. Will also be detected.

No, it’s not as sexy as drilling, but I think most (that are pining for a drill program) don’t realize that this is essentially a grassroots program, starting from scratch.  Drilling would be a gamble (won’t let me post cr a p shoot)...and if it comes up dry, then what?  We’re pooched.

It’s important to conduct a methodical, systematic exploration program to delineate any areas of interest, using all the tools at our disposal....geophysics, geochem sampling when weather permits...and of course the most fun of all (besides blasting)..walk in the D8s and strip/trench the hell out of the area...or at least a few football fields!

Anyway, it’s not going to generate edge of seat results or anything...but will be interesting nonetheless.  I think patient investors will be rewarded here...and with only 27 million shares o/s, we can be patient.

Have a good night!
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