RE:Halted Pending News? Anybody home? Red Lake Gold Inc. (C-RGLD) - News Release
ORIGINAL: Red Lake Gold Inc. Subsidiary Announces the Discovery of Multiple Gold-in-Soil Anomalies at the Clarence Stream North Gold Project
2020-09-11 14:55 ET - News Release
RGLD Close 2020-09-10 C$ 0.285
VANCOUVER, BC / ACCESSWIRE / September 11, 2020 / Red Lake Gold Inc. (CSE:RGLD)(FWB:P11) ("Red Lake Gold" or the "Corporation") is pleased to announce that its wholly-owned subsidiary Alma Gold Inc. has discovered multiple gold-in-soil anomalies at the Clarence Stream North Gold Project following an inaugural phase one exploration program (see news release, Red Lake Gold Inc. Subsidiary Commences Soil Sampling and Inaugural Field Exploration Programs at Clarence Stream North Gold Project, dated July 29, 2020).
"We are excited to have discovered three distinct gold-in-soil anomalies based on the first phase of exploration at the project by our subsidiary, Alma Gold Inc. These gold-in-soil anomalies share a baseline threshold similarity to certain anomalies identified by Galway Metals at its immediately adjacent Clarence Stream gold project, with Galway Metals having identified 10 ppb as the level for being very anomalous. Soil sampling has been demonstrated as being an effective exploration technique for defining gold targets in this region and our discovery of these gold-in-soil anomalies adjacent to the Clarence Stream gold project is highly promising. We reiterate the view expressed by our neighbour that the Clarence Stream area is emerging as an important new gold district in North America. Our work to spin-out Alma Gold and its Clarence Stream North Gold Project to our shareholders is well-underway and we look forward to advancing the Clarence Stream North Gold Project in that context," stated Ryan Kalt, Chief Executive Officer of Red Lake Gold.