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Bullboard - Stock Discussion Forum 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... see more

CSE:RGLD - Post Discussion

Red Lake Gold Inc > LP Fault Trends Onto Whirlwind Jack
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Post by SuneeDaze on Aug 17, 2019 11:12pm

LP Fault Trends Onto Whirlwind Jack

hillcrester, 

That's really all you need to know.  You ask why RGLD rather than any other companies? 

Here's a few fundamentals to consider:

1.  RGLD holds contiguous land to GBR's Dixie project, and not just contiguous land but probably the most prospective land (see below).

2.  The LP Fault, integral to Dixie gold mineralization, trends northwest through Dixie onto Whirlwind Jack (RGLD's property).  Not only does the fault trend onto our property, but so do felsic rock units which host the Bear Rimini and Dixie NW zones.

This from GBR's website..

  • The LP Fault is interpreted as a major gold mineralization control and hydrothermal fluid conduit during Archean age gold mineralization. The generally 1 kilometre wide area between the LP and North Faults may represent a significant structural dilation zone where gold rich hydrothermal fluids accumulated."
  • The new discovery is hosted by a new exploration target, the “LP Fault”, and adjacent lithologies.

Geophysical maps and geological maps clearly show the rocks and fault folding in the northwest onto our property.  

3.  Also of significance, the Bear Rimini zone and Dixie zones align in a northwesterly trend...yep right through our property...and interestingly on strike with the Madsen mine to the northwest.
 
4.  Past grab samples have assayed as high as 7 g/t gold.

5.  Moosehead Properties - I believe RGLD is the only exploreco. to have contiguous properties in both these areas.  RGLD has two contiguous properties bordering the East and North East boundaries of SIC's Moosehead property...on strike with their deposit.  They also have a third group of claims nearby.

5.  RGLD has one of the lowest floats out there, approximately 25 million shares.

6.  With only 25 million shares...at 0.18, that's a market cap of about only $4.5 million...crazy low.

7.  Heavy Insider Ownership with Ryan Kalt (CEO) owning over 26% of the company.  That leaves only about 18,000,000 free trading.  Ryan has steadily over the last year bought shares on the open market...not options...but has invested his own personal funds in the company.    Have a look at this...

https://www.canadianinsider.com/node/7?menu_tickersearch=RGLD+%7C+Red+Lake+Gold

8.  RGLD's CEO is sensitive to shareholders and has their interest.  He has spoken out in the past, expressing his concerns over the effects of financings, warrant repricing and unnecessary, frivolous expenses.  With he also a major shreholder, his interests are aligned with ours.  See interview below......
 
https://stockhouse.com/opinion/independent-reports/2015/03/16/the-junior-mining-ceo-who-sick-junior-mining-ceos

So, there you go.  Given all those fundamental reasons, I personally feel that RGLD is the premier Dixie area play.  Once an exploration program is announced, we should see increased activity and share price appreciation. 

Hope this helps you and any other potential investors.  Have a good weekend!  Sorry, I can't get it out of this purple underline mode!!!  Help!!!
Comment by hillcrester18 on Aug 19, 2019 7:56am
Thanks for this.  Greatly appreciated.  Would be great to get a nr from the company stating their plans.  Are they now "compiling data", planning a program, have they done any recon field work or sampling.  Like I said, an nr would obviously inform us but also give a bit of a boost to the sp.  Get Red Lake's name out there... Thanks again.
Comment by dacre on Aug 19, 2019 5:17pm
Welcome to all of the BTU shareholders that have shown up here over the past couple days, and to those that are just doing their dd on RGLD.  If you read one post on this board, this is probably it.  
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