X
Join Our Mailing List

Subscribe to our mailing list to receive news releases and other materials related to Golden Lake Exploration Inc. Your email will never be shared or sold and you can opt out at any time.

Please enter a valid email address.
You're Almost Done

Please check your inbox and follow the link provided to confirm your susbcription.

Close

new target identified on the jewel ridge property, nevada

Vancouver, British Columbia – May 14, 2020, Golden Lake Exploration Inc.  (CSE: GLM) (“GLM” or the “Company”) reports on the identification of a new target on the company's keystone Jewel Ridge gold property located near the town of Eureka, Nevada. Recently, the Company acquired from a third-party, a geochemical data base completed by a major mining company, with a portion of the samples located on the Jewel Ridge property. Highlights include an area not sampled, nor drilled, designated as the “Radio Tower Target”, with values up to 6.03 grams gold per tonne (g/t Au), 119.5 g/t silver (Ag), 0.31 percent (%) copper (Cu), 4.11 % lead (Pb) and 1.58 % zinc (Zn).

The newly acquired data base included 710 samples over the Jewel Ridge property. The Radio Tower Target included nine samples, on the Eldorado and Sunset patented claims, located to the southwest of the Magnet Ridge target. Samples comprise grab rock samples from dumps of old mine workings and rock outcrop exposures. Grab rock samples are not representative of the grade of mineralization of an occurrence but are useful in determining prospectivity and geological features.

CEO Mike England stated “As we continue to collect data on Jewel Ridge the model is becoming stronger and better defined. We look forward to an exciting upcoming drilling campaign this summer to begin proving up the project.”

Table of Samples From the Radio Tower Area

SAMPLE NO

SAMPLE TYPE

AU PPM

AG PPM

CU PPM

PB PPM

ZN PPM

8074BJ

DUMP

6.03

119.5

1530

18000

8770

8075BJ

ROCK

4.39

90.6

2040

41100

8140

8176BJ

DUMP

2.40

42.2

3100

588

15800

8073BJ

ROCK

0.82

5.8

108

854

15300

7481BJ

ROCK

0.39

12.2

702

7790

9220

8071BJ

ROCK

0.17

7.0

745

170

8170

8167BJ

DUMP

0.12

17.6

84

1470

806

8072BJ

ROCK

0.06

23.8

146

974

8940

8216BJ

ROCK

0.02

1.4

18

142

430

About the Jewel Ridge Property

The Jewel Ridge property is located on the south end of Nevada's prolific Battle Mountain - Eureka trend, along strike and contiguous to Barrick Gold's Archimedes/Ruby Hill gold mine to the north and Timberline Resources' advanced-stage Lookout Mountain project to the south.

The property comprises 96 unpatented lode mining claims and 30 patented claims covering approximately 728 hectares (1,800 acres). The Jewel Ridge property contains several historic small gold mines. The Company’s focus is on Carlin-style disseminated gold deposits, the primary focus in the area since the late 1970s.

Nevada Carlin-type gold deposits (CTGD) have a combined endowment of more than 250 million ounces, which are concentrated (85 per cent) in only four trends or camps of deposits: Carlin, Cortez (Battle Mountain-Eureka), Getchell and Jerritt Canyon. The Company cautions that results on adjacent and/or nearby projects are not necessarily indicative of results on the Company’s property.

About Golden Lake Exploration Inc.

Golden Lake Exploration 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 and to aggressively advance its exploration program on the Jewel Ridge property.

Qualified Person

Golden Lake Exploration's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Garry Clark, P.Geo., who serves as a qualified person under the definition of National Instrument 43-101.

ON BEHALF OF THE BOARD

Mike England”
Mike England, CEO & DIRECTOR

FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995
T
ollFree:1-888-945-4770

Neither the Canadian Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

Join Our Mailing List

Subscribe to our mailing list to receive updates and other news related to Golden Lake Exploration.

Please enter a valid email address.