- Golden Lake Exploration (GLM) is releasing results from its latest exploration work at the company’s flagship property
- The Vancouver-based mineral explorer’s Jewel Ridge Property is located in Nevada’s Battle Mountain-Eureka gold belt
- The company realized maximum values of 45.2 grams per tonne of gold and 547 grams per tonne of silver from sampling
- A total of 586 rock samples were collected for examination and assay during the 2021 and 2022 exploration seasons
- Golden Lake Exploration is up 18.18 percent, trading at $0.13 at 3:48 p.m. EST
Golden Lake Exploration (GLM) is releasing results from its latest exploration work at the company’s flagship property.
The Vancouver-based mineral explorer’s Jewel Ridge Property is located in Nevada’s Battle Mountain-Eureka gold belt.
The property is situated along the structural and stratigraphic trend of an existing mineral deposit.
The company realized maximum values of 45.2 grams per tonne of gold and 547 grams per tonne of silver from sampling.
It also uncovered 25.2 percent lead-zinc concentrates.
A total of 586 rock samples were collected for examination and assay during the 2021 and 2022 exploration seasons.
The samples were collected from outcrop, float and rock dumps situated over a large part of the property. The best and most encouraging results were obtained over the western half of the Jewel Ridge land holdings.
The company will now conduct a MagnetoTelluric geophysical survey at Jewel Ridge to assist in targeting future deeper drilling.
“The survey will of great assistance in an ongoing interpretation in mapping faults, intrusive centres (Ruby Hill intrusion), as well as key contacts between respective rock types and their relationships with mineralization,” the company said in a statement.
Golden Lake Exploration is up 18.18 percent, trading at $0.13 at 3:48 p.m. EST.
