Source: Golden Lake Exploration Inc.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • 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.


More From The Market Herald

" Osisko Mining (TSX:OSK) announces $75 million private placement

Osisko Mining (OSK) will undertake a C$75 million bought-deal private placement.

" @ the Bell: Markets tumble amid rate worries

Canada’s main stock index was weighed down on Monday by commodity-linked and financial stocks. The telecom and utilities sectors posted some gains.
Dolly Varden Silver Corporation - President & CEO, Shawn Khunkhun.

" Dolly Varden Silver (TSXV:DV) reports highest-grade silver assay found so far on the Kitsault Valley Property

Dolly Varden Silver Corporation (DV) discovered the highest-grade silver assay found so far on the Kitsault Valley Property.

" Millennial Potash (TSXV:MLP) announces $2M private placement of units

Millennial Potash Corp. (MLP) has announced a private placement for gross proceeds of $2 million.