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Bullboard - Stock Discussion Forum 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... see more

CSE:GLM - Post Discussion

Golden Lake Exploration Inc > Why GLM is an "interesting" investment
View:
Post by NickelOne on Dec 31, 2020 5:09pm

Why GLM is an "interesting" investment

A bit of technical information (easy read):

GT = Grade x Thickness of a drill hole (example 10 meters @ 10g/t = 100 GT).

The majority of >2 Moz Au deposits have initial GT intersects >50 GT

When a company drills less than 4,000m and hit a 75 GT intersect, this could be very significant.

GLM drilled 1,600 m in 2020 and below are some of the equivalent GTs:

23 m @2.8 g/t = 64.4
23 m @ 1.1 g/t = 25.3

Historic intersections GTs:

27 m @ 5.5 g/t = 148.5
21 m @ 4.2 g/t = 88.2
41 m @ 2 g/t = 82

To capture most of the gold in a gold deposit bigger than 2M oz the discovery intersect should have at least 5m of mineralized rock.

Can GLM define a gold deposit greater than 2M oz?

I like the grade, I like the thickness and the fact that is close to surface (amenable for open pit mining) is a bonus. Is this in a safe jurisdiction?  Nevada is the best place to mine in the entire World.

2021 drilling campaigns will be very interesting, as permitting is in place and they can drill with all the flexibility they need to go after the best targets (12+ targets in total on the property, only 2 targets drilled in 2020). 

Note: I am a trained professional and this is not a recommendation to invest in GLM. Do your own DD before investing in any company. 

Happy New Year and Happy investing!
Comment by FREEDOM55 on Dec 31, 2020 7:33pm
Thank you for the info! I am heavily invested in GLM and waiting patiently!!
Comment by NickelOne on Jan 02, 2021 5:32am
I liked GLM for their Nevada prospect, but with the aquisition of Copperview Project I like them even more. News from Copperview should start coming in slowly, first pass exploration results, airborne geophysical survey results (which I anticipate would be ZTEM), exploration plans for 2021, other posible aquisitions in the same area, etc. It is a young company with very experienced management ...more  
Comment by FREEDOM55 on Jan 03, 2021 12:57am
All the best! Happy New Year!!
Comment by Flyingjay on Jan 04, 2021 12:13am
with gold being a tier 1 asset this gold play is gonna fly! We have a copper play here that will explode anyone skeptical of glms positions will regret not buying in at these undervalued levels
Comment by NickelOne on Feb 23, 2021 5:48pm
Hey Freedom55 - your patience was rewarded. That Freedom55 is one step closer! What a day, couldn't ask for anything better! GLTA
Comment by FREEDOM55 on Feb 23, 2021 7:00pm
THANK YOU NICKELONE!! WHAT A DAY AND STILL HOLDING AND IN THE GREEN! ALL THE BEST AND STAY HEALTHY!!
Comment by NickelOne on Feb 28, 2021 10:48am
Last drill hole had a GT of 224.7, from surface. Nothing more to add here, all the indicators are pointing in one direction. GLTA
Comment by BlueChipper2020 on Feb 28, 2021 6:47pm
Nickelone Thanks for the excellent post. BC
Comment by NickelOne on Feb 28, 2021 9:43pm
You are welcome - my initial post was early 2021, there were wery few of us on this bullboard as GLM was mostly unknown to many retail investors. Things have changed a lot, it is a good start for what is to come... GLTA
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