Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Golden Lake Exploration Inc C.GLM

Alternate Symbol(s):  GOLXF

Golden Lake Exploration Inc. is a Canada-based public mining exploration company. The Company acquires, explores, and develops precious and base metal properties of merit and to aggressively advance its exploration program on the Jewel Ridge property. The Company’s Jewel Ridge property is located on the south end of Nevada’s prolific Battle Mountain-Eureka trend, along strike and contiguous with i-80 Gold’s Archimedes, Ruby Hill and FAD shaft gold deposits to the north, Timberline Resources advanced-stage Lookout Mountain project to the south and North Peak Resources Prospect Mountain Mine Complex to the west. It also holds the Cardinalli Portfolio, consisting of three patented mineral claims called the Sentinel, the Clipper and the Golden Rule, comprising approximately 23 acres. It also owns an early-stage property, the Copperview project, which is situated in south-central British Columbia. It holds the option to acquire a 100% undivided interest in the Conglin Creek Copper Property.


CSE:GLM - Post by User

Post by SuneeDazeon Feb 23, 2021 9:08pm
237 Views
Post# 32643705

Unbelievable Results (Part II)

Unbelievable Results (Part II)So, some not so brief comments regarding today’s results as well as past numbers.  When viewing GLM’s results, it’s important to remember that this is Nevada where there’s operating, profitable mines with grades 0.5 g/t gold (or less).  That’s what makes today’s results so impressive.  Not only were they high grade, but the highest grade ever reported on the property.
 
Speaking of the property, the Eureka area of the property hasn’t seen any exploration work since the 80s due to land tenure issues.  Nor was there any modern geophysics performed on the property in that time since GLM conducted an aeromag survey last year.  It’s also worthwhile to note that Jewel Ridge is sandwiched between a past 2 Moz producer (Barrick) and a 700,000 oz deposit to the south (Timberline).   
 
 
As I stated, today’s hit (see below) was the best ever on the property:
 
** 24.5 m of 9.1 g/t gold, 65 g/t silver, 1% lead and 1.9% zinc **
** including 3.2 m of 57.1 g/t gold, 452 g/t silver, 7.2% lead, 12% zinc **
That last interval equates to 10.5 ft of 1.8 oz/t gold, 14.5 oz/t silver, 7.2% lead, 12% zinc
 
Not only are the gold/silver values high, but there’s also the high secondary values of lead and zinc.
 
As I said, this has been the best drill intersection ever reported on the property; however significant results have been reported mainly from South Eureka (see below).
 
Historic Intersections include:
** 27 m of 5.5 g/t gold **
** 21 m of 4.2 g/t gold **
** 41 m of 2 g/t gold **
** 23 m of 2.8 g/t gold ** (best prior GLM intersection)
 
Grab samples reported over the past summer/fall from various zones have also been impressive and include values up to: 29.5 g/t gold, 562 g/t silver, 4.3% lead, 2% zinc.
The fact that today’s results reported contained higher grades over core widths than select surface samples is also impressive.
 
At any rate, this is anything but a “one hit wonder” as some have implied; but is undoubtedly a new high grade discovery on grounds that have produced significant results in the past.  It’ll no doubt be intriguing to follow GLM as they attempt to delineate this discovery and discover it’s extent.
 
Have a good night.

<< Previous
Bullboard Posts
Next >>