Source: Gold Line Resources Ltd.
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  • Gold Line Resources Ltd. (GLDL) announced initial results from its 2022 drill program at its Paubäcken Project in Sweden
  • The first hole in the phase two drill program, 2022-AID-001, intercepted gold mineralization
  • The hole had an average low grade throughout but showed one high-grade intercept at 142.25 metres down depth
  • The company is awaiting more drill results, expected later this year till early next year
  • Gold Line’s drilling in Sweden is continuing with one drill rig on the project
  • Gold Line Resources Ltd. (GLDL) is up 2.78 per cent and is trading at $0.18 per share as of 12:02 p.m. EST

Gold Line Resources (GLDL) announced initial results from its 2022 drill program at its Paubäcken Project in Sweden.

The first hole in the phase two drill program, 2022-AID-001, intercepted gold mineralization with an average low grade throughout the hole but showed one high-grade intercept at 142.25 metres down depth.

Initial drill results on step down of discovery hole. (Source: Gold Line Resources Ltd.)

Gold mineralization began at approximately 50 metres down dip from a hole that was drilled last year.

The company is awaiting more drill results, which are expected later this year till early next year.

Gold Line’s drilling in Sweden is continuing and expected to go until permitted by the local reindeer husbandry. The company plans to complete up to 1500 metres of drilling at the Aida target on the Paubäcken Project using one drill rig.

The program is designed to test over 800 metres of a five-kilometre identified structural corridor comparable to an anomalous top of bedrock gold and pathfinder anomalism. It will step out on a gold intercept found in 2021 to understand the size, geometry, and structural controls of mineralization along the Aida structural corridor.

Gold Line Resources Ltd. (GLDL) is up 2.78 per cent and is trading at $0.18 per share as of 12:02 p.m. EST.


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