Meet the Company and its CEO that are exploring for gold, silver, and copper in some of North America’s most resource-friendly, prolific, and historic mining districts…and with some recent eye-popping results.
Golden Lake Exploration Inc. (GLM) (
CSE.GLM,
OTCQB:GOLXF,
Forum) is a junior public mining exploration company engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to acquire, explore, and develop economic precious and base metal properties of merit. The company’s two primary projects are its Jewel Ridge property – located on the south end of central Nevada's prolific Battle Mountain-Eureka trend. The company is also developing its Copperview project, comprising 28 claim blocks totaling 27,927 hectares located in south-central British Columbia.
The Company is currently aggressively advancing its exploration program on the Jewel Ridge property – the company’s marquee acquisition, right in the heart of a prolific gold trend in Nevada. The property consists of 96 unpatented lode mining claims and 30 patented claims covering approximately 728 hectares or 1800 acres. Golden Lake boasts year-round drilling capability and exciting potential for discovery of significant Carlin-type gold deposits. Nevada Carlin-type gold deposits (CTGD) have a combined endowment of more than 250 million ounces, which are concentrated (85%) in only four trends or camps of deposits: Carlin, Cortez (Battle Mountain-Eureka), Getchell and Jerritt Canyon.
And it is here that
GLM has recently struck “bonanza-grade” discoveries of both gold and silver that has turned heads in the metals & mining investment community.
Stockhouse Editorial recently reached out to CEO, President & Director Michael B. England – a resource industry veteran who has been directly involved with structuring and financing public companies in various roles for over 25 years – to update shareholders and investors specifically on the Company’s Jewel Ridge property, their unique strategy and business model, and all things Golden Lake Exploration.
SH: Mike, to start off with, and for our audience that may be discovering your company for the first time, can you please give us a little background history about yourself and a brief overview of Golden Lake Exploration’s operations?
ME: I have been involved in the venture capital markets since the 1980’s and have raised in excess of 90 million dollars for junior mining projects around the world.
Golden Lake has 2 main focus areas – the flagship project being the Jewel Ridge project in Nevada and in Canada we have the Copperview project located near Princeton, BC and adjoins Kodiak Coppers MPD project.
SH: Can you give us some details and updates on your two recent high-grade discoveries on the Northeast and South Eureka Targets areas at Jewel Ridge? The drill results look phenomenal!
ME: Our big discovery hole (3.23 metres averaging 57.16 g/t Au, 452.0 g/t Ag, 7.23 per cent Pb and 11.99 per cent Zn) came from a very consistent zone we have been following. While the zone is mainly Carlin style mineralization this hit is a Carbonate Replacement Deposit (CRD) style of mineralization. This is a very exciting discovery for anywhere in the world let alone Nevada!
SH: You acquired the Jewel Ridge Property in November 2019, noting strategic "Carlin-Type" targets in the prolific Battle Mountain-Eureka Trend. Can you walk us through the project to date?
ME: We are still in the early stages with this project. Alongside various geophysical and geochemical programs we have undertaken in the last year we have also been drilling on some of the patented grounds. At this time we are permitting unpatented grounds as we prepare to pursue a much bigger drill program starting in May of this year.
SH: You’ve also just announced a private placement with gross proceeds of $5.4 million with a fully committed lead order from billionaire mining investment guru Eric Sprott. This must bring a ton of ‘street cred’ to the project, correct?
ME: Yes indeed. With a lead order from Eric Sprott, the announced $5.4 million became slightly over $10 million and we could have raised more!
SH: What are some of the significant advantages Jewel Ridge’s deposit offers over others in the region?
ME: Extensive roadworks, proximity to other mines, a healthy database of historic holes yet with many untouched areas which have shown great results at surface. Nevada generally is known for low-cost operations to produce gold and with our Jewel Ridge project is offering just the right combination of oxidized mineralization and excellent grade at very shallow depths so far.
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SH: What can you tell our metals & mining investors about your exploration and production programs, overall, and what to expect looking forward into 2021?
ME: With the company fully funded we are looking forward to an aggressive drill campaign to start soon, looking at a minimum of 20,000 feet with 2 drills likely (depending on availability).
SH: Switching gears to Southwestern BC, can you give us an update on what’s happening at the Copperview Project?
ME: We are currently permitting the project for drilling as we also prep for a ZTEM survey to be undertaken in the next month or so.
SH: Mike, it would be negligent of me not to mention that your stock has had a huge bump since the announcement of the drill results at Jewel Ridge…almost quadrupling since then. What can you tell our investor audience regarding the current valuation of your stock and why you think it’s still a good buy right now?
ME: The stock has settled back a bit since hitting its high of $0.70 based on the initial discovery hole and now, being fully funded and ready to begin our aggressive 2021 campaign in my opinion this is a good time to be a shareholder!
SH: What sets Golden Lake Exploration apart from other junior mining exploration companies in this space, and what makes your business model so attractive to investors?
ME: Making this discovery definitely sets us apart from other juniors looking to make this type of discovery!
SH: And finally, Mike, if there’s anything else you’d like to talk about that I’ve overlooked, please feel free.
ME: I have been in this business for 30+ years and to make a discovery as meaningful as this sure is a game changer! We have an excellent, experienced team and we feel we are on the cusp of an exceptional, developing storyline in one of the best mining environments in the world.
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For further information, head to
www.goldenlakex.com.
FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.