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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 > I can't believe the Markets poor reaction to today's assay
View:
Post by HHHAPPY on Sep 16, 2021 1:16pm

I can't believe the Markets poor reaction to today's assay

report!. the BONANZA core that showe record gold presence seems to have so impressed the Market that subsequent assays are treated as disappointing werhe as they are actually quite impressive compared to normal numbers.
31.4 grams equals 1 Oz of gold. So work the assays with depth, length and width and the numbers of gold reserves grow exponentially. Whether any more Bonanza cores are found I feel an open pit ore body will be significantly viable. As well there is possibly another area of GLM's that they believe has similar potential.
Wake up, investors
Comment by BlueChipper2020 on Sep 16, 2021 1:26pm
You may prove to right in the long run, however I sold the majority of my position today. I took a loss and the reason I sold is that this story did not unfold within my investment expecations given my time horizon. I think this story will take a lot longer with a lot lot more drilling. The results are dime a dozen and nothing compelling here in my view. I may be wrong but feel I have to move on.& ...more  
Comment by PonyBoyOutsider on Sep 16, 2021 2:00pm
Feeling the same BC. This is not compelling. Economic grades cut off usually at .6 g/t based on my research, (for heap Leaching) although, maybe I'm wrong. Correct me if I am. Also, when I compare the location of the Bonanza hole and the direction they are moving the rig following the downward dipping NE direction there is only a few hundred meters of real estate till we reach that sliver of ...more  
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