Golden Lake Exploration Inc (QB) (GOLXF) News

Great buy down here. GLM has commenced drilling on its Nevada Jewel Ridge property that continues to deliver mineralization in all holes drilled thus far. Golden Lake remains well-financed with a healthy treasury. https://goldenlakex.com

SILENCE is GOLDEN
After months of quiet management finally reports significant assays from last falls drilling and lists plans to begin the coming drill program.
"("GLM" or the "Company") wishes to report the full and final results from drilling to date at the Jewel Ridge project in Nevada as well as report on the commencement of drilling at Jewel Ridge.
Core drilling has now commenced at the historic Hamburg mine and will seek to expand on high-grade intercepts of Carlin-style mineralization and Carbonate Replacement Deposits encountered by prior drilling. The geologic team is preparing further targets in advance of the 2022 program at the Eureka Tunnel target for spring and early summer. Big Sky Exploration LLP has been contracted again after a very successful campaign in 2021.

CEO Mike England stated "Golden Lake's geological team is very excited to return to Jewel Ridge after a very successful campaign in 2021. Some highlights from the first 2 phases include the bonanza hit from phase 1 drilling where we hit, from surface, an intercept of 24.54 meters of 9.16 grams per tonne g/t gold Au, 65.8 grams per tonne g/t silver Ag and in phase 2 a hit of 18.68 meters of 5.85 g/t Au and another 8.09 meters of 8.93 g/t Au on the first three holes of phase 2 drilling. In addition to the high grade CRD results encountered in our 2020 and 2021 drill campaigns the company is quite excited about the thick, lower grade intercepts of potentially open pit mineable Carlin-type mineralization that was also encountered in the Eureka Tunnel target area. Gold was encountered in all but one hole drilled to date and we are looking forward to focusing on new CRD targets at Hamburg to kick off this drill season."

The last five drill holes at the Eureka Tunnel target have continued to expand the footprint of the shallowly-dipping Carlin-style mineralization.

Highlights

JR-21-30DD was drilled peripheral to JR-20-12DD and averaged at 2.76 g/t Au 8.51 g/t Ag over 15.67 m with 1.52 m from 9.45 m to 10.97 m assaying at 15.81 g/t Au and 47.81 g/t Ag.
JR-21-33DD is the most southeastern hole drilled to date and encountered a low-grade zone that was punctuated by a 4.42 m intercept from 37.4 m to 41.82 m that averaged at 2.67 g/t Au and 7.86 g/t Ag. The Golden Lake team is encouraged and are working on understanding this dimension of the Eureka Tunnel zone.
JR-21-31DD and JR-21-34DD have expanded the Eureka Tunnel mineralized zone to the north. Mineralization remains open in the north at depth and along strike with rock sampling on the surface indicating the potential for higher-grade zones.

Drilling Quality Assurance and Quality Control Statement

Procedures have been implemented to assure QA/QC of drill hole assaying being done at an ISO accredited assay laboratory. All intervals of drill holes are being assayed and samples have been securely shipped and received by Paragon Geochemical in Sparks, Nevada, with chain-of-custody documentation through delivery. Mineralized commercial reference standards and coarse blank standards are inserted every 20th sample in sequence. All results will be analyzed for consistency.

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.

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."

Lets hope the assays are reported timely and positive

I can't believe the Markets poor reaction to today's assay report. the BONANZA core that showe31.4 grams equals 1 oz of goldd record gold presence seems to have so impressed the Market that susbsequent assays are reated as disappointing whre as they are actually quite impressive compared to normal numbers.
31.4 grams equals 1 Oz of gold. So work the assays with depth, length and width and the numbers of gold reserves grows exponencially. Whether any more Bonanza cores are found I feel an oopen pit ore body will be significantly viable. As well there is possibbly another area of GLM's that they believe has similar potential.
Wake up, investors

Todays news reveals significant gold, silver presence in the
6 new core assays. Looks like we have a GOLD MINE in the making!!
But much more drilling to follow.
" ("GLM" or the "Company") reports today a summary and detailed assay results from six additional diamond drill holes of the ongoing Phase 2 program on the "Eureka Target" on the company's keystone Jewel Ridge gold property located near the town of Eureka, Nevada. All six holes have intersected a robust zone of "Carlin-style", oxide, significant gold mineralization in carbonates with the best intercept (based gold grade x thickness in meters) in hole JR-21-21DD which returned 39 meters from the collar averaging 1.07 g/t Au and 2.2 g/t Ag and the average over the six holes being 36 meters in thickness grading 0.81 grams gold per tonne (g/t Au) and 2.1 grams silver per tonne (g/t Au). To date, all intercepts of the Eureka Target start at surface, or at shallow depths and are targets for open-pit, heap-leachable gold operations. Hole JR-21-17DD intersected the thickest zone of gold mineralization at 47.9 meters averaging 0.42 g/t Au and 1.2 g/t Ag and returned anomalous gold values (+0.30 g/t Au) for a plus 110-meter interval.
Table 1 SUMMARY OF DRILL RESULTS - EUREKA TARGET, JEWEL RIDGE PROPERTY, EUREKA COUNTY, NV


Mike England, Golden Lake CEO, states, "We have followed up our initial drill results with very strong numbers demonstrating that we have hardly gotten started. Drilling on the Eureka Target on the Jewel Ridge Property continues to deliver significant intervals of oxide gold mineralization, with six impressive intercepts in all six holes reported. Our team at Jewel Ridge continues to expand the footprint of the near-surface Carlin-style mineralization. Drilling and geological mapping also continues on the property directed at the high-grade bonanza CRD mineralization. The large gold halo (+100 meter thickness) in hole JR-21-17DD, open to the north and north-east, represents an exploration target with significant tonnage potential. Activity, including drilling, will continue on the property throughout the fall."

Highlights

Diamond drilling continues on the Eureka Target on the north-central portion of the Jewel Ridge property, with drilling currently active on hole JR-21-28 DD. All holes have been core drilled. To date, 14 holes have been drilled as part of the Phase 2 program, comprising 2,710 meters (8,890 ft).
Hole JR-21-17DD is the most northern located hole with assays received and although lower in grade, it exhibits a much thicker zone (+110 meters) of anomalous gold mineralization than previously indicated on the Jewel Ridge property. From the collar at surface, to a depth of 110.3 meters, the Upper Mineralized one ("UMZ") averaged 0.32 g/t Au and 1.1 g/t Ag. Higher grade intervals included 25.5 meters averaging 0.54 g/t Au and 1.6 g/t Ag from a depth of 39.0 meters, and 7.0 meters averaging 0.54 g/t Au and 0.9 g/t Ag from a depth of 79.9 meters. In addition, hole JR021-17DD intersected the Lower Mineralized Zone ("LMZ") returning 0.55 g/t AU and 3.2 g/t Ag over 5.1 meters from a depth of 255.1 meters.
Based on drilling to date, the disseminated, "Carlin-style", oxide mineralization appears as a tabular zone, varying from 25 to 45 meters in thickness (with potential for +100 meters thickness), dipping shallowly to the east, and north-east. The Carbonate Replacement Deposit ("CRD") bonanza mineralization intersected in hole JR-20-12DD occurs within the disseminated oxide gold mineralized zone, and in places below it. Hole JR-21-22DD intersected a narrow (0.7 meter) CRD intercept approximately 7.2 meters below the UMZ which returned 0.94 g/t Au, 14.5 g/t Ag and 0.24% lead (Pb) and 0.78 % zinc (Zn). The delineation of the CRD targets are complicated by more extensive underground workings in the Eureka Target area than was previously known, with several holes terminated by encountering these underground workings.
SUMMARY OF DRILL HOLES JR-21-DD17 DD to JR-21-225DD (detailed assays on the Company website)


Drilling Quality assurance and quality control statement

Procedures have been implemented to assure QA/QC of drill hole assaying being done at an ISO accredited assay laboratory. All intervals of drill holes are being assayed and samples have been securely shipped and received by Paragon Geochemical in Sparks, Nevada, with chain-of-custody documentation through delivery. Mineralized commercial reference standards and coarse blank standards are inserted every 20th sample in sequence. All results will be analyzed for consistency.

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.

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 43-10we could see 1."
If the 43101 final estimates are this good we could see Barrick Gold calling !!

MANAGEMENT RELEASES ASSAYS OF GRAB SAMPLES OF THE BRITISH COLUMBIA MINERAL PROJECT, AS PROMISED.
RESULTS SHOW PROMISE OF POSSIBLE MULTI-MINERAL PRESENCE THAT INVITES FURTHER EXPLORATION.
" ("GLM" or the "Company") is pleased to announce initial results from samples taken at its Copperview Property, located in BC and contiguous to the "MPD Property" owned by Kodiak Copper Corp. ("Kodiak") (KDK). Recently collected surface grab subcrop samples from the Deadman Lake target, on the West Copperview claims, have returned high grade silver values of up to 9,920 grams per tonne silver (g/t Ag) and 5,900 g/t Ag. These samples correspondingly returned 0.95 percent copper (% Cu), 2.45 percent lead (% Pb), and 1.28 percent zinc (% Zn) and 0.94%Cu, 4.33% Pb, and 1.82% Zn.

The above two grab samples represent subcrop material, were taken from old, partially collapsed bulldozer trenches that most likely represent the Mob-8 Minfile showing (Minfile 092HNE154, BC government designation). A total of 57 rock samples were taken over the Deadman Lake area of the West Copperview claims. In addition, 230 soil samples were taken over the same area, with assay results pending.

The Mob 8 showing is exposed in the vicinity of a gas pipeline, 520 metres north of the north end of Prosser Lake and 7.8 kilometres southwest of Missezula Lake. A west-striking shear zone, dipping 25 degrees south, cuts granite and quartz monzonite of the Late Triassic to Early Jurassic Allison Lake pluton. The zone is 2 metres wide and contains small quartz-carbonate lenses accompanied by pyrite, galena, argentite, azurite, malachite, chalcopyrite and tetrahedrite. A selected grab sample assayed trace gold, 25,852 grams per tonne silver (g/t Ag) and 8.06 per cent copper (% Cu)* (Assessment Report 5082, page 5). A chip sample across the shear zone analyzed 145.9 g/t Ag, 0.04 % Cu, 0.630 per cent lead (% Pb) and 0.41 per cent zinc (% Zn)* (Assessment Report 13603, page 6)….A quartz vein, 5 to 15 centimetres wide, is developed in the hanging wall of the shear zone. It strikes north and dips steeply west. The vein is mineralized with galena, chalcopyrite, chalcocite and malachite. A sample analyzed 858.2 g/t Ag, 0.862 % Cu, 2.589% Pb, and 1.473 % Zn * (Assessment Report 13603, page 6).

Chalcopyrite and pyrite occur in dark, fine-grained diorite 90 metres west and 120 metres east of the shear zone. One hundred and twenty metres to the north, chalcopyrite and bornite occur in epidote-filled fractures."


Figure 1. Location map of the MOB - 8 Showing and MT Mobile Geophysical Survey

The reader is cautioned that grab rock samples while not representative of the grade of mineralization of an occurrence or target, they are useful in determining prospectivity and geological features. The above rock samples were taken by personnel of Exploration Facilitation Unlimited Inc. and were delivered by the company's project manager to ALS Labs' facility in North Vancouver, B.C. All samples are analyzed for copper, gold, silver and 31 other elements. Gold is determined by ALS method Au-AA23, which is a fire assay with an atomic absorption spectroscopy finish on a 30-gram split. Copper, silver and the remaining 31 elements are determined by ALS method ME-ICP61, which is a four-acid digestion and inductively coupled plasma atomic emission spectroscopy assay. Golden Lake is reliant on ALS in North Vancouver, for its quality assurance/quality control protocol, as these are preliminary samples and limited in number.

Sample R-2242 comprised gossan material (baked appearance), with significant green and blue malachite oxide and thinly layered sulphides, and large quartz crystals and quartz vein material. Sample R-2243 comprised diorite gossan, with malachite and sulphides observed.


SAMPLE R-2242

Mike England, president of Golden Lake, states: "We have remained very active advancing our programs and defining targets on our Copperview properties in this emerging copper-gold porphyry district. The discovery of a high-grade silver showing, and multiple geophysical and geochemistry anomalies represent strong drill targets for the Company when permitting is completed."

The Company will be returning to the location of samples R-2242 and R-2243 with field crews in late September to conduct additional hand trenching, geological mapping, sampling and prospecting with a portable XRF instrument. Efforts will also focus on the rediscovery of three other Minfile showings in the Deadman Lake Area."

While most shareholders of GLM wait anxiously for assay results from Nevada the almost forgotten BC project announces possibly interesting resultsfrom sampling completed and out or assay!!
"/b] (“GLM” or the “Company”) is pleased to provide an update of activities on the Copperview Property, located contiguous to the north, south, and west of the “MPD Property” owned by Kodiak Copper Corp. (“Kodiak”) (TSX-V: KDK). Field activities have continued over the summer including soil and rock geochemistry, a MT Mobile geophysical airborne survey and prospecting and geological mapping.
Samples have been collected by an independent contractor team at the Mob-8 Minfile showing (Minfile 092HNE154, BC government designation) as well as a total of 57 rock samples taken over the Deadman Lake area of the West Copperview claims. In addition, 230 soil samples were taken over the same area, with assay results pending.
Mike England, president of Golden Lake, states: "While drilling and sampling is ongoing at our flagship Jewel Ridge project in Nevada we have also been advancing our Copperview project in BC. We are eager to receive further results from Jewel Ridge as well as results from ongoing Copperview programs imminently.”
Expert Geophysics Limited (EGL) conducted a helicopter-borne MobileMT electromagnetic and magnetic survey in June 2021 over the Company’s North Copperview and South Copperview claims. The purpose of the survey was mapping bedrock structure and lithology, including possible alteration and mineralization zones, observing apparent conductivity corresponding to different frequencies, inverting EM data to obtain the distribution of resistivity with depth, and using VLF EM and magnetic data to study properties of the bedrock units. A total of 9 production flights were flown to complete 1072 line-kilometers of the survey over two blocks; North Block with 770 line-kilometers of the survey over a 155 sq.km area; South Block with 302 line-kilometers of the survey over a 115 sq.km area.
The MobileMT data is continuing to being reviewed and assessed by the Company’s contract geophysicist, however two significant targets have been identified on the North Copperview claims, the Conglin Creek Target and the Vinson Lake target.
The Conglin Creek Minfile showing area covers a strong magnetic high anomaly with a resistivity low and conductivity high, southwest and southeast of Missezula Lake. The Conglin Creek Minfile showing is located approximately 6 kilometers northwest of the Gate and Prime zones on Kodiak's MPF property. A soil geochemistry survey completed by the Company returned copper-in-soils values up to 345 parts per million (“ppm”) and anomalies (defined by 100 and 200 ppm Cu) correlate well with historic soil survey over the same area. Additional historic geochemical data was also compiled from the 1990s and the strong copper-in-soil anomaly has a strike length of greater than 3 kilometers and is open to the south-east. The Conglin Creek geochemical and geophysical anomalies will be high priortargets for diamond drilling.

Vinson Lake Target
On the south-eastern portion of the North Copperview claims, the MTMobile geophysics has indicated a arcuate, north-east-trending, low resistivity anomaly with excellent depth continuity, coincident with a distinct magnetic low feature. A compilation of assessment data indicated scattered gold and copper soil anomalies in the area south and east of Vinson Lake. Recently the company has completed prospecting, geological mapping, and soil geochemistry over the geophysical anomalies and assays are pending"

My Garrue says "that's the Market-obviously 1 player had a large holding
and dumped it, which motivated selling by weak hands" If the Bonanza report didn't exist, these reported gold numbers would be VERY encouraging. Lots more news will come over the coming months to stimulate interest.

My first comment on todays news is if the the bonanza hole
report had not been revealed would we or should we be impressed by todays revelations?
I think so but would like further speculation.
("GLM" or the "Company") (OTCQB:GOLXF) today reported assay results from the first three diamond drill holes of the Phase 2 program on the Eureka Target on the company's keystone Jewel Ridge gold property located near the town of Eureka, Nevada. Two types of mineralization have been identified on the Eureka Target, included a tabular, shallow dipping zone of "Carlin-style" mineralization intersected in several recent drill holes, and the recently discovered Carbonate Replacement Deposit mineralization (see Press Release dated February 24, 2021 ). To date 7 hol es have been completed as drilling continues.

Highlights

Diamond drilling resumed on the Jewel Ridge property on May 6, 2021, on hole JR-21-14DD.
To date, complete assays have been received for holes JR-21-14 DD, JR-21-15DD and JR-21-16DD (see table below). All three holes were collared close to (with 10 meters) of hole JR-20-12DD to determine the dip of the CRD zone and to test the width and continuity of the Carlin-style mineralization. Hole JR-21-14DD was drilled to the southwest at -45 degrees and was lost at 37.2 meters. Hole JR-21-15 DD was drilled to the southwest at -70 degrees and ended at 175.3 meters. Hole 21-16DD was drilled at -70 degrees in a northeast direction to a depth of 201.8 meters.
In hole JR-21-16DDthe mineralized zone extends from 6.86 meters to 25.54 meters, over a core width of 18.68 meters averaging 5.85 g/t Au, 18.3 g/t Ag, 0.38 % Pb and 1.28 % Zn. A CRD section from a depth of 18.78 meters within this interval returned 1.98 meters averaging 5.93 g/t Au, 111.2 g/t Ag, 2.83 % Pb and 3.50 % Zn. A unit of jasperoid mineralization within the Carlin-style portion of the interval from a depth of 10.68 meters, over a width of 8.09 meters averaged 8.93 g/t Au, 9.4 g/t Ag, 0.12 % Pb, and 1.72 % Zn.
Based on these initial results the CRD zone appears to be steeply dipping in a north-easterly direction, and the Carlin mineralization is a tabular zone, striking North-North-west with a shallow dip to the east.
As reported in our February 24, 2021 Press Release, the Carbonate Replacement Deposit ("CRD") bonanza mineralization returned 3.23 meters averaging 57.16 grams gold per tonne (g/t Au), 452.0 grams silver per tonne (g/t Ag), 7.23 percentage lead (% Pb) and 11.99 percentage zinc (% Zn). This high-grade interval in hole JR-20-12DD (vertical hole) was within a wider zone (combined with Carlin style mineralization) that averaged 9.16 g/t Au, 65.8 g/t Ag. 1.03 % Pb, and 1.90 % Zn over a drill interval of 24.54 meters.

Mike England, CEO, states, "These drill results are very encouraging for the continuation of the near-surface Carlin-style mineralization and represent early confirmation of the high-grade bonanza CRD mineralization. In addition to diamond drilling, a program of surface and underground geological mapping and sampling is also in progress. We believe the discovery of the high-grade "bonanza" CRD zone represents a significant "game-changer" for the property and the Company".

DRILL HOLE JR-21-DD14, JR-21-15DD, and JR-21-16DD SUMMARY

Drilling Quality assurance and quality control statement

Procedures have been implemented to assure QA/QC of drill hole assaying being done at an ISO accredited assay laboratory. All intervals of drill holes are being assayed and samples have been securely shipped and received by Paragon Geochemical in Sparks, Nevada, with chain-of-custody documentation through delivery. Mineralized commercial reference standards and coarse blank standards are inserted every 20th sample in sequence. All results will be analyzed for consistency.

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.

Next couple of weeks could be most revealing regarding the value of the Nevada project. Assays from further drilling will tell us the true story. ALL fingers crossed.
"Company") (GOLXF-OTCQB) today reported on exploration activities on the company's keystone Jewel Ridge gold property located near the town of Eureka, Nevada.
Highlights
• Diamond drilling resumed on the Jewel Ridge property on May 6, 2021, on hole JR-21-14DD. To date six holes have been completed (JR-21-14DD to JR-21-19DD) comprising 3,125 ft (952.5 meters). Drilling has focused on the Eureka Target on the northern portion of the property.
• Assays for the first three holes (JR-21-14DD to JR-21-16DD) are expected within 7-10 days and will be reported when available.
• Two types of mineralization have been identified on the Eureka Target, included a tabular, shallow dipping zone of "Carlin-style" mineralization intersected in several recent drill holes, and the recently discovered (see Press Release dated February 24, 2021) Carbonate Replacement Deposit ("CRD" bonanza mineralization which returned 3.23 meters averaging 57.16 grams gold per tonne (g/t Au), 452.0 grams silver per tonne (g/t Ag), 7.23 percentage lead (% Pb) and 11.99 percentage zinc (% Zn). This high-grade interval in hole JR-20-12DD (vertical hole) was within a wider zone (combined with Carlin style mineralization) that averaged 9.16 g/t Au, 65.8 g/t Ag. 1.03 % Pb, and 1.90 % Zn over a drill interval of 24.54 meters.
• The Company has engaged EM Strategies, based in Reno, Nevada, for preparation and submission to the Bureau of Land Management ("BLM"), a comprehensive "Plan of Operation" ("PoO") over most of the Jewel Ridge property. The Jewel Ridge PoO represents a significant stage and asset for the company, as the baseline studies completed (biological, hydrological, and archeological) will be essential for any future development of a gold deposit on the Property. The PoO over the Property, and the larger disturbance allowance, will give the Company more flexibility in planning and permitting future drill sites. After the baseline study reports have been approved by the BLM, EM Strategies will submit the complete Plan to the BLM and Nevada Division of Environmental Protection (NDEP) Bureau of Mining Regulation and Reclamation (BMRR), which will include a description of the planned exploration activities and reclamation plan.
• The Company has recently completed a Lidar ("light detection and ranging) survey a remote sensing method that uses light in the form of a pulsed laser to measure ranges (variable distances) to generate precise, three-dimensional information about the surface characteristics of the project ground. The survey was completed by GSP Consulting / Synergy Mapping of Sparks, Nevada and the final product is expected within two weeks. The Lidar survey will be useful given the rugged and variable topography on the property and the multitude of historical workings and disturbances.
Mike England, CEO, states, "Since resuming drilling in early May we have made excellent progress advancing the exploration program on the Jewel Ridge Property. We are looking forward to receiving the first assays from the Phase 2 drill program shortly. In addition to diamond drilling, a program of surface and underground geological mapping and sampling is also in progress".
Drilling Quality assurance and quality control statement
Procedures have been implemented to assure QA/QC of drill hole assaying being done at an ISO accredited assay laboratory. All intervals of drill holes and surface samples are being assayed and samples have been securely shipped and received by Paragon Geochemical in Sparks, Nevada, with chain-of-custody documentation through delivery. Mineralized commercial reference standards and coarse blank standards are inserted every 20th sample in sequence. All results will be analyzed for consistency.
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.
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.
About Golden LakeLake 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.

Signifigant approval ruling by Nevada BLM as they are notorious for lengthy considerations, so this is welcome timing.
"("GLM" or the "Company")(OTCQB:GOLXF) is pleased to announce it has received approval from the BLM for its near-term proposed exploration and drill plan under a "Notice of Intent" ("NOI"), which is limited to five acres of surface disturbance. EM Strategies, based in Reno, Nevada, assisted with the application. The planned surface disturbance included under this Notice consists of constructed drill sites including sumps, improvements to existing roads, and overland travel routes, with planned surface disturbance of approximately 2.49 acres, in the Eureka Tunnel target area. Under the Notice the Company has proposed 35 drill sites. The Eureka Tunnel target covers the carbonate replacement deposit (CRD) bonanza mineralization intersected in hole JR-20-12DD which returned from 15.21 metres to 18.44 metres returned 3.23 metres averaging 57.16 grams per tonne (g/t) gold (Au), 452.0 g/t silver (Ag), 7.23 per cent lead (Pb) and 11.99 per cent zinc (Zn) (see Press Release, February 23rd, 2021).

Mike England, CEO, stated "Securing approval to drill on BLM land is a significant outcome for GLM as the BLM lands are very proximal to our Bonanza hole announced in February. This considerably enhances the opportunities we are pursuing at the Jewel Ridge Project. With drilling underway this immediately gives us the freedom to drill any and all targets plotted to date in the area. Samples from the first two holes have been submitted to the laboratory for analysis."

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 release of drill results must be kept very securely as positive reports will blast the share price much higher.
my comments "
Your absolutely right! Must have security over the assay results- assuming they are as positive as last reported assays. I am a firm believer that "visuals" are NOT reliable. the ASSAY reports tell the real story. premature tales of visuals tend to come from drill crews and can get people reporting results that cannot be reliable.
If the assays confirm what the bonanza report infdicates we will have a great summer!!
" ("GLM" or the "Company")(OTCQB:GOLXF) is pleased to announce that a Phase 2 diamond drill program has started on its keystone Jewel Ridge project, near Eureka, Nevada. The drill contractor is Big Sky Exploration, LLC, based in Bozeman, Montana, and supervision and support are supplied by a team of consulting and Company geologists and technicians. The proposed drill program of 20,000 feet (6,100 meters) will be augmented with a second rig later in the summer. The initial drill holes will be directed at the Carbonate Replacement Deposit ("CRD") bonanza mineralization intersected in hole JR-20-12DD which returned from 15.21 meters to 18.44 meters returned 3.23 meters averaging 57.16 g/t Au, 452.0 g/t Ag, 7.23 % Pb, and 11.99% Zn (see PRD dated Feb 23, 2021).
Subsequent targets will include the Hamburg Zone where drilling last year returned a wide zone of mineralization in holes JR-20-02 from 123.44 to 181.36 meters, over 57.91 meter in width (drill width) averaging 0.44 g/t Au and 3.0 g/t Ag, with a higher-grade portion from 152.40 to 169.16 meters, over 16.76 meters averaging 0.94 g/t Au and 6.6 g/t Ag.

Also, at the Hamburg Zone a CRD intercept drilled in a 2012 program has never been followed up by diamond drilling. Reverse circulation ("RC") JR-12-06, from 15.2 to 18.2 meters, over 3.0 meters returned 1.1 g/t Au, 601.0 g/t Ag, 8.8 % Pb, and 4.7 % Zn.

"We are excited to have the drills turning again on our Jewel Ridge property and are looking forward to testing the bonanza mineralization we intersected last fall." stated CEO Mike England.

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.

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."

Drilling begins today on the very promising Nevada site.
their webpage links a video of the area. A must-see for investors

First week in May starts drilling on the major project for GLM. Verification of major find will make this company!
"(CSE:GLM) ("GLM" or the "Company")(GOLXF:OTCQB) is pleased to announce it has engaged Big Sky Exploration, LLC, based in Bozeman, Montana, for the upcoming core drill program at its Jewel Ridge project, Nevada.

Negotiations are underway with a second drill to join the program in Q2 of 2021.

"We are very pleased to have secured Big Sky for our upcoming program at Jewel Ridge set to commence the first week of May. Our objectives will be to follow up on last season's core drilling success and to begin testing numerous other targets also defined." stated CEO Mike England.

Golden Lake will embark on a 20,000-foot core drilling campaign to follow up and begin delineating the size extent of drill hole JR-20-DD12 which intersected from surface an intercept of 24.54 meters returning 9.16 grams gold per tonne (g/t Au), 65.8 grams silver per tonne (g/t Ag), 1.03 percentage lead (% Pb), and 1.90 percentage zinc (% Zn)including a higher "bonanza" grade portion from 15.21 meters to 18.44 meters returned 3.23 meters averaging 57.16 g/t Au, 452.0 g/t Ag, 7.23 % Pb, and 11.99% Zn (see PRD dated Feb 23, 2021). Surface sampling of the South Eureka target area returned very similar mineralization averaging 3.43 Au, 196.3 g/t Ag, 8.8% Zn and 0.88% Pb (see Company PR dated Feb 1, 2021) and will also be a focus of the upcoming diamond drill program. This sample area is located approximately 125 meters from the collar of hole JR-20-DD12, and on-trend, and interpreted as the south-west extension of the Northeast Eureka Zone.

The Company further announces it has set 100,000 options at $0.45 to a Director of the Company.

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.

THIS ARTICLE TELLS US ALL RE GLM POTENTIAL
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.

DID SOME DD OVER THE WEEKEND AND FOUND AN INTERESTING
FACT RE THE COMING ASSAY EXPECTED IN A FEW WEEKS . I BELIEVE, BASED ON A PR OF NOVEMBER 2020 WHICH DISCUSSED THE PLANS OF DRILLING IN NEVADA, THAT THE COMING ZONE OF THE ASSAY IS NOT THE SAME AS THE RECENTLY ANNOUNCED MAJOR GOLD FIND ZONE
IT MAY BE, AS THE ZONE WAS MENTIONED AS HAVING SIMILAR INDICATIONS AS THE "FIND" ZONE, BUT IF SIMILAR GRADES ARE DUPLICATED IT WOULD HAVE EVEN A GREATER IMPRESSION OF THE VALUE OF THE WHOLE PROJECT!
ALL FINGERS CROSSED.

MANAGEMENT MOVING QUICKLY TO OBTAIN FUNDING FOR DEVELOPMENT OF THEIR APPARENT MAJOR FIND ANNOUNCED YESTERDAY.
"
[/Golden Lake Exploration Inc. has arranged a non-brokered private placement of up to 12 million units at a price of 45 cents per unit for aggregate gross proceeds of $5.4-million. Each unit will comprise one common share and one-half of one transferable share purchase warrant of the company. Each whole warrant will entitle the subscriber to purchase one warrant share for a 24-month period after the closing date at an exercise price of 60 cents per share. Net proceeds of the financing will be used to advance the corporation's Jewel Ridge gold property near Eureka, Nev., and for general working capital purposes.

Shares issued pursuant to the financing will be subject to a four-month hold period according to applicable securities laws of Canada.

Finders' fees may be payable on the private placement, subject to the policies of the Canadian Securities Exchangeb]"

WE HAVE A WINNER!!
"Golden Lake Exploration Inc. has discovered a high-grade (gold-silver-lead-zinc) mineralized oxide zone in diamond drill hole JR-20-DD12, completed in November, 2020, on the Northeast Eureka target on the company's keystone Jewel Ridge gold property located near the town of Eureka, Nev. From surface an intercept of 24.54 meters was intersected returning 9.16 grams gold per tonne (g/t Au), 65.8 grams silver per tonne (g/t Ag), 1.03 percentage lead (% Pb), and 1.90 percentage zinc (% Zn). This intercept is hosted in Hamburg Dolomite and comprises both Carlin-type and CRD -type ("Carbonate Replacement Deposits") oxide mineralization.

A higher "bonanza" grade portion from 15.21 meters to 18.44 meters returned 3.23 meters averaging 57.16 g/t Au, 452.0 g/t Ag, 7.23 % Pb, and 11.99% Zn. This "bonanza" intercept is interpreted by the Company geologists as similar to the historic Ruby Hill mines and can be described as an oxidized carbonate-hosted, structurally and lithologically controlled gold-silver (with associated lead-zinc) mineralization. The Jewel Ridge property hosts over a dozen past producing mines and prospects over a 4-kilometer strike on the Dunderberg-Windfall Belt, most worked in the late 1800's for gold, silver and lead, from shallow oxide deposits.

Recently announced surface sampling of the South Eureka target area returned very similar mineralization averaging 3.43 Au, 196.3 g/t Ag, 8.8% Zn and 0.88% Pb (see Company PR dated Feb 1, 2021) and will become a focus of an upcoming diamond drill program. This sample area is located approximately 125 meters from the collar of hole JR-20-DD12, and on-trend, and interpreted as the south-west extension of the Northeast Eureka Zone.

"Given our successful efforts to date we anticipated positive results, but this hole has definitely exceeded our highest expectations. We are excited to aggressively continue our work program to define and expand the targets identified in 2020 by drilling, rock and soil geochemistry, magnetics and Induced Polarization geophysics and structural mapping. Congratulations to our first-rate team of geologists and project managers." stated Mike England, CEO and President of Golden Lake. "The discovery of a high-grade "bonanza" zone is a great success and a "game-changer" for the property and the Company, and we await assays from one remaining core hole"

[A FULL REPORT BY MANAGEMENT OF THE GOLD AND MINERAL PROJECTS OF GLM.
THEY ARE STILL WAITING FOR THE ASSAYS DRILLED IN THE FALL.
"GOLDEN LAKE REPORTS 303 G/T SILVER AND 11.2 G/T GOLD FROM SURFACE GRAB SAMPLES AT THE SOUTH EUREKA ZONE, JEWEL RIDGE PROPERTY, NEVADA

Golden Lake Exploration Inc. has released additional anomalous and significant silver and gold values from surface rock samples from several targets on the company's keystone Jewel Ridge gold property located near the town of Eureka, Nev.

"While we await assays from three diamond drill holes completed in November, the company is very encouraged to identify additional areas of widespread silver and gold mineralization over the Jewel Ridge property. The company is looking forward to an aggressive and expansive drill program (RC and core) in 2021 to define and expand the targets outlined in 2020 and to test the new targets identified by rock and soil geochemistry, magnetics and induce polarization geophysics, and structural mapping," stated Mike England, chief executive officer of Golden Lake.

Northeast Eureka target

The area northeast of the Eureka Tunnel portal was drilled by the company with five drill holes (four reverse circulation (RC) holes and one core hole (assays pending)). Highlights included RC hole JR-20-06 which intersected two zones of mineralization. An upper mineralized zone (UMZ) of 1.25 grams gold per tonne (g/t) gold (Au) and 5.5 g/t silver (Ag) over 16.76 metres was intersected from surface and a second, lower mineralized zone was intersected at a depth of 160 metres, averaging 1.48 g/t Au and 1.3 g/t Ag over 10.67 metres, hosted in dolomite. Similar to the UMZ, the lower-grade mineralization (halo mineralization) underlies this interval, with a wider zone returning 0.83 g/t Au and one g/t Ag over 21.34 metres from a depth of 160.02 metres. Hole RC-20-09 was the only hole on the east flank of the valley that was drilled to depth (190 metres) to test this mineralized horizon (holes RC-20-06, 07 and 08 were too shallow). The multiple stacked nature of the oxide gold mineralized horizons significantly enhances the tonnage potential of the Northeast Eureka zone in hole JR-20-09.


Surface sampling was conducted northeast of the company's drill holes, in an area of intense road building and shallow, historic drill holes over an area of 200 metres in a northeast direction by 160 metres wide. Many samples were retrieved from piles around historic RC holes that the company does not have data for. The results strongly indicate a continuation of the Northeast Eureka zone to the north and northeast. Silver and base metals values are markedly lower on samples from this target area and are interpreted to reflect Carlin-style, oxide gold mineralization. Additional sampling will be conducted with drilling to follow.


South Eureka target

The South Eureka target is centred approximately 230 metres due south of the Eureka Tunnel adit in a north-south-trending steeply incised valley. Diamond drill hole JR-20-DD13 (assays pending) tested this target. Four rock samples of highly oxidized, gossanous material from dumps and workings in the area have returned good gold, silver and base metal values indicative of carbonate replacement deposit (CRD) mineralization. The area is located just southwest of, and on trend with, the Northeast Eureka zone.


Hamburg mine target

The Hamburg mine target is located in the south-central portion of the Jewel Ridge property and represents both Carlin-type and CRD-type oxide gold mineralization hosted in the Hamburg dolomite at or near the contact with the Dunderberg shale. Three angled reverse circulation holes, comprising 548.64 metres, were completed by the company in 2020 with the best intercept in RC hole JR-20-02 of 0.936 g/t Au over 16.76 metres from a depth of 152.4 metres in the recent program. Significantly, holes JR-20-02 and JR-20-03 both intersected wide intercepts of anomalous gold values (defined as greater than 0.1 g/t Au). Hole JR-20-02 intersected 0.436 g/t Au over 57.91 metres from a depth of 123.44 metres and hole JR-20-03 returned 0.161 g/t Au over 106.7 metres from 73.2 metres. A total of seven rocks samples were collected north and northwest of the area drilled by the company to investigate determine the extent and style of the gold mineralization. All samples, except J-32, were in areas previously unsampled and no known drilling. These recent rock results are encouraging and indicate excellent potential for gold mineralization to continue to the northwest of the historic Hamburg mine and open pit. A program of soil geochemistry is proposed when weather permits to better define the gold mineralization followed by drilling.


West Eureka (Industry Tunnel mine) target

The West Eureka target is located on the west flank of the valley, approximately 200 metres southwest of the Eureka Tunnel adit. The target covers portions of the historic Industry Tunnel mine with extensive workings and dumps and no known drill holes. Many samples are extensively oxidized and the higher silver and associated base metals are characteristic of CRD mineralization.


While grab rock samples are not representative of the grade of mineralization of an occurrence or target, they are useful in determining prospectivity and geological features. The rock samples in an attached table were delivered by the company consulting geologist to the ALS prep facility in Elko, Nev. All samples are analyzed for copper, gold, silver and 31 other elements. Gold is determined by ALS method Au-AA23, which is a fire assay with an atomic absorption spectroscopy finish on a 30-gram split. Copper, silver and the remaining 31 elements are determined by ALS method ME-ICP61, which is a four-acid digestion and inductively coupled plasma atomic emission spectroscopy assay. Golden Lake is reliant on ALS Labs in Reno, Nev., for its quality assurance/quality control (QA/QC) protocol as these are preliminary samples and limited in number.

The company is awaiting assay results from three diamond drill core holes completed in November on the Eureka Tunnel area. Drilling on the Jewel Ridge property during 2020 comprised 10 RC holes (5,200 feet (1,585 metres)) and three diamond drill holes (1,236 feet (376.6 metres)). Planning is in progress for a spring 2021 drill program on multiple target areas on federal (BLM) and patented lands, with EM Strategies of Reno, Nev., engaged to lead the permitting process.

Drilling quality assurance and quality control statement

Procedures have been implemented to assure QA/QC of drill hole assaying is being done at an ISO accredited assay laboratory. All intervals of drill holes are being assayed and samples have been securely shipped and received by ALS Labs in Reno, Nev., with chain-of-custody documentation through delivery. Mineralized commercial reference standards and coarse blank standards are inserted every 20th sample in sequence. All results will be analyzed for consistency. Assays are pending and will be reported when available.

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 thatresults on adjacent and/or nearby projects are not necessarily indicative of results on the company's property. /b]

Encouraging assay results reported by the company. Of course further drilling needed to expand the find but hope is there.
Golden Lake Exploration Inc. (CSE:GLM) ("GLM" or the "Company")(OTCQB:GOLXF) is pleased to report further assay results from the summer drill program on the keystone Jewel Ridge gold property located near the town of Eureka, Nevada. A new, deeper elevation, mineralized zone was intersected in hole JR-20-09 at a depth of 160.0 meters, averaging 1.48 grams gold per tonne ("g/t Au") and 1.3 grams silver per tonne ("g/t Ag") over an interval of 10.67 meters. This represents a second mineralized horizon hosted in dolomite, in addition to the "Upper Mineralized Zone" that returned 1.25 g/t Au and 5.5 g/t Ag over 16.76 meters from surface in hole JR-20-09. These four holes wrap up the summer program results - assays are now pending from the most recent program announced October 20, 2020.

The Lower Mineralized Zone ("LMZ") intersection supports the geological model of a series of stacked, oxide, Carlin-type gold zones with a halo of mineralized material (above a projected 0.2-gram cut-off grade, 0.2 to 0.5 g/t Au range), in the Eureka Tunnel area, on the Jewel Ridge Property. Discovery of a stacked component of oxide gold mineralized horizons represents an attractive target for future drilling and significantly enhances the tonnage potential.

Eureka Tunnel Oxide Zone Drill Highlights

The Eureka Tunnel (aka South Eureka Tunnel) mine is located in the northwest quartile of the Jewel Ridge property, with the "Oxide Zone" (aka "Viking Zone") located east and north-east of the main portal. The Eureka Tunnel Oxide Zone comprises both Carlin-type and CRD -type ("Carbonate Replacement Deposits") oxide mineralization. A total of seven (7) Reverse-Circulation ("RC") drill holes were completed, comprising 1,048.57 meters, with assays for three vertical holes previously received (PR September 24, 2020), with a highlighted intercept of 2.80 g/t Au and 5.9 g/t Ag over 22.98 meters from surface. Highlights:

Upper Mineralized Zone ("UMZ") - the UMZ was consistently intersected in four holes, with intersections of higher-grade oxide gold mineralization over an average width of 21.34 meters, starting at surface, with a weighted average grade of 1.45 g/t Au and 4.8 g/t Ag. This target is open to the south, southwest, the northeast and north. All holes are vertical, and reported widths represent vertical intervals. Addition drilling is required to determine the true width of the mineralized zones.
Image: https://www.accesswire.com/users/newswire/images/617549/c43970c1-366a-4e06-afb7-b33fdc5cf1ae.png

Upper Zone Halo (UMZ and Low Grade) - Underlying the UMZ in four holes were wide intervals of lower grade oxide gold mineralization (0.2 to 0.5 g/t Au range). The Upper Zone Halo mineralization was intersected in the same four holes and had an average combined vertical width (4 holes) of 42.67 meters with a weighted average grade of 0.96 g/t Au and 3.2 g/t Ag. Including the lower grade halo material approximately doubles the mineralized intervals of the UMZ.

Lower Mineralized Zone ("LMZ") - A new, lower mineralized zone was intersected in hole RC-20-09 at depth of 160.02 meters, averaging 1.48 g/t Au and 1.3 g/t Ag over 10.67 meters, hosted in dolomite. Similar to the UMZ, lower grade mineralization (halo mineralization) underlies this interval, with a wider zone returning 0.83 g/t Au and 1.0 g/t Ag over 21.34 meters from a depth of 160.02 meters. Hole RC-20-09 was the only hole on the east flank of the valley that was drilled to depth (190.05 meters) to test this mineralized horizon (holes RC-20-06, 07, and 08 were too shallow). The multiple stacked nature of the oxide gold mineralized horizons significantly increases the enhances the tonnage potential of the Eureka Tunnel Zone.
Carbonate Replacement Deposit (CRD) Mineralization - CRD type mineralization has been historically mined from the Eureka Tunnel adit which extend approximately 600 meters to the west. Three discrete intersections (see table) of CRD mineralization were intersected in three holes from the recent program. CRD mineralization is associated with higher silver to gold ratios, higher arsenic (As) to gold ratio, and enhanced lead and zinc values.

All data from the recent drilling will be added to the 3D model to refine additional drill targets. The diamond drilling program at the Eureka Tunnel target has recently ended due to inclement weather conditions. A total of three short core holes were completed comprising 376.58 meters.

An IP ("Induced Polarization") geophysical survey is planned to be completed before the end of the month over the Eureka Tunnel area.

Mike England, chief executive officer of Golden Lake, states "We are very pleased with the results to date on the Jewel Ridge project and look forward to results yet to come from the current drill program. These results are giving us a good understanding of the geology and mineralization in place and will help guide us in future programs. Permitting is ongoing on the BLM parcels of land within Jewel Ridge that will be subject to future drill programs in 2021."

Management announces a significant additional landholding in the BC Project.
They are actively drilling in Nevada for the next month. Because of the high elevation there, further drilling will be curtailed there. But the BC project already has a crew beginning exploration and can continue through the winter months.
"("GLM" or the "Company") is pleased to announce the acquisition of two additional strategic claim blocks, from the same arms-length vendor, contiguous to and in the vicinity of the "MPD Property" owned by Kodiak Copper Corp. ("Kodiak") (TSX-V: KDK). The Deadman Lake property is contiguous to the Company's Copperview West property and represents a well-known porphyry target with historic sampling returning high silver assays (+25,000* grams silver per tonne (g/t Ag)) and 8.06% copper as well as elevated lead and zinc values. The South Dill Property is contiguous to the southern portion of Kodiak's MPD property and connects with the Company's Copperview South claims. Kodiak has made a significant new copper-gold porphyry discovery on the MPD property with the announcement of drill hole MPD-20-004 of 282 meters averaging 0.70 percent copper and 0.49 grams gold per tonne (see PR Kodiak September 3, 2020). The Company cautions that results on adjacent and/or nearby projects are not necessarily indicative of results on the Company's property.
Deadman Lake Cu-Ag Property
This property comprises 1 claim (375.7 ha) and covers four reported Minfile (BC government designation) showings between Deadman and Green Lake, centered 1.4 kilometers east of Hwy 5A, approximately 40 kilometers south of Merritt. The four mineral showings, known as Mob 2, Mob 6, Mob 8, and Mob 11, surround a distinct magnetic high definite by BC regional magnetic surveys and historic ground magnetic surveys. This magnetic high anomaly trends north-north-west and is situated approximately 7.5 kilometers west of Kodiak's discovery hole MPD-20-004.
Mike England, president of Golden Lake, states: "As part of our ongoing review of properties in this emerging copper-gold porphyry district, we are pleased to have acquired two properties of merit that augment and enhance our Copperview holdings. The outstanding historic silver values on the Deadman Lake property are an added bonus and with a stronger silver price could add significant value to our targets."
Cumulative terms of the acquisition for both properties, from one arms-length vendor, to earn a 100% interest in the Copperview project call for Golden Lake to pay $50,000 cash and issue a total of 400,000 shares over a 2-year time frame. A 1.6 % NSR will be granted to the vendor of which 1.0% can be purchased back by the Company for $1.0 million. "
The games continue!!

Assays announced They found GOLD
in them there hills!! The rotary drilling lost part of the best-assayed hole but they will now be drilling regular samples that should be able to follow the ore. The important point is that their expectation that the deposit is deeper than the previous drilling is PROVEN by assay! Let's hope subsequent drilling will continue to expand the size of the find.
We haven't a mine yet, but hope is still alive.
"("GLM" or the "Company") is pleased to report assay results from the first six of ten drill holes from the Company's keystone Jewel Ridge gold property located near the town of Eureka, Nevada, with a highlighted intercept in hole JR-20-06 at the Eureka Tunnel Zone, averaging 2.80 grams gold per tonne ("g/t Au") and 5.9 grams silver per tonne ("g/t Ag") over an interval of 22.86 meters from surface. The lower portion of this intersection returned 4.38 g/t Au and 9.7 g/t Ag over 10.67 meters from a depth of 12.19 meters."

Management seems to feel their Coglin Creek project is a very promising position as they increase their holdings in the area.
"("GLM" or the "Company") is pleased to announce the acquisition of an additional strategic property known as the "Conglin Creek Copper Property" located contiguous and north-west of the "MPD Property" owned by Kodiak Copper Corp. ("Kodiak") (TSX-V:KDK). Kodiak previously reported an intercept in drill hole MPD-20-004 of 282 meters averaging 0.70 percent copper and 0.49 grams gold per tonne (see PR Kodiak, September 3, 2020).
The Conglin Creek property covers a strong magnetic high anomaly (see map below) that trends in a north-west, south-east direction from the Gate and Prime zones on Kodiak's MPF property. A soil geochemistry survey completed in 1973 indicates strong copper-in-soil anomalies trending north-west to north-south. Copper values of + 400 parts per million ("ppm") occur of strike lengths of 125 to 150 meters, enclosed by copper anomalies with values of 200 - 400 ppm Cu over strike lengths of 400 to 500 meters. Note that the Company has not verified the values in government assessment filings, and they are not to be relied upon, and additional sampling, assaying and verification is required. The Company's recent acquisition also covers the "Conglin Creek Showing" (Minfile 092HNE132, BC government designation). There has not been drilling on the Conglin Creek property, to the best of the Company's knowledge
Golden Lake further announces it has also staked an additional 6,009 hectares of land in the region which now brings its Copperview Project to 27,238 hectares
Cumulative terms of the acquisition to earn a 100% interest in the Conglin project call for Golden Lake to pay $100,000 cash and issue a total of two million shares over a 2 year time frame. A 2.5% NSR will be granted to the vendor of which 1.5% can be purchased back by the Company for $1.5 million.
"

GLM trading at new high! No news that I can find but
2 properties should have news soon.
The Nevada project should have assays from rotary drilling revealed soon.
The BC properties apparently are atracting significant interest and should be starting exploration shortly.
Stay tuned.

Management moving quickly to start the exploration of newest Copperview project
" ("GLM" or the "Company") is pleased to announce that it has retained Exploration Facilitation Unlimited Inc. ("EFU"), a geological consulting company, to initiate a reconnaissance exploration program on the "Copperview Project" bordering Kodiak Copper Corp.'s ("Kodiak") (TSX-V: KDK) "MPD Property" in south-central British Columbia.

The Copperview project is situated on the same regional geologic trend as Kodiak's MPD Property which recently reported an intercept in drill hole MPD-20-004 of 282 meters averaging 0.70 percent copper and 0.49 grams gold per tonne (PR Kodiak September 3, 2020). More recently (PR Kodiak September 14, 2020) Kodiak has announced a CAD $12.5 million dollar financing with Canadian major Teck Resources Ltd. subscribing to $10.5 million of the placement.

EFU will mobilize a four-man crew to the Copperview Project within a week. Field activities will include prospecting, rock and soil sampling, and geological mapping with an initial focus on nine (9) known Minfile (BC government designation) mineral showings or occurrences. In addition, on claims located approximately 4 kilometers northwest of Kodiak's drill hole MPD-20-004, the exploration crews will prospect for extensions of, and parallel zones to, the Conglin Creek copper showing located near the eastern claim boundary. An extensive network of logging and ranching roads allows year-round access to most target areas over the project area.

The Copperview Project comprises 17 claim blocks totaling over 204 square kilometers (20,437 hectares) over a large area measuring 40 kilometers in an east-west direction, by 30 kilometers in a north-south direction.

Much of the Copperview Project has seen only limited exploration activity and only a few shallow drill holes. Historic exploration focused largely on exposed surface mineral showings and several large untested copper-in-soil and gold-in-soil anomalies are known and can quickly be advanced to new near-term drill targets. With some exploration activity dating to the 1960-1970s, many historical copper intervals were not assayed for gold, representing underexplored gold potential. Company management will provide further information on pending exploration plans on the Copperview Project following a detailed review and compilation of Minfile and assessment reports and a site visit.

Management moving quickly to start the exploration of newest Copperview project
" ("GLM" or the "Company") is pleased to announce that it has retained Exploration Facilitation Unlimited Inc. ("EFU"), a geological consulting company, to initiate a reconnaissance exploration program on the "Copperview Project" bordering Kodiak Copper Corp.'s ("Kodiak") (TSX-V: KDK) "MPD Property" in south-central British Columbia.

The Copperview project is situated on the same regional geologic trend as Kodiak's MPD Property which recently reported an intercept in drill hole MPD-20-004 of 282 meters averaging 0.70 percent copper and 0.49 grams gold per tonne (PR Kodiak September 3, 2020). More recently (PR Kodiak September 14, 2020) Kodiak has announced a CAD $12.5 million dollar financing with Canadian major Teck Resources Ltd. subscribing to $10.5 million of the placement.

EFU will mobilize a four-man crew to the Copperview Project within a week. Field activities will include prospecting, rock and soil sampling, and geological mapping with an initial focus on nine (9) known Minfile (BC government designation) mineral showings or occurrences. In addition, on claims located approximately 4 kilometers northwest of Kodiak's drill hole MPD-20-004, the exploration crews will prospect for extensions of, and parallel zones to, the Conglin Creek copper showing located near the eastern claim boundary. An extensive network of logging and ranching roads allows year-round access to most target areas over the project area.

The Copperview Project comprises 17 claim blocks totaling over 204 square kilometers (20,437 hectares) over a large area measuring 40 kilometers in an east-west direction, by 30 kilometers in a north-south direction.

Much of the Copperview Project has seen only limited exploration activity and only a few shallow drill holes. Historic exploration focused largely on exposed surface mineral showings and several large untested copper-in-soil and gold-in-soil anomalies are known and can quickly be advanced to new near-term drill targets. With some exploration activity dating to the 1960-1970s, many historical copper intervals were not assayed for gold, representing underexplored gold potential. Company management will provide further information on pending exploration plans on the Copperview Project following a detailed review and compilation of Minfile and assessment reports and a site visit.

Hopefully, this week we will receive assays from the first 5 holes rotary drilled on the Nevada project. Now we will be getting REAL information as assays are the only viable measurement of what is in the ground.
Perhaps next week the second batch of assays will be released as we'll. This second batch based on visuals and loss of hdrilled material my be even more revealing.
We live in interesting times.
Here are excerpts from a recent article re GLM
"encouraging exploration results at its 100%-optioned flagship Jewel Ridge gold project near Eureka on the south end of Nevada’s prolific Battle Mountain -Eureka gold trend, along strike and contiguous to the Archimedes/Ruby Hill gold mining operations to the north (acquired in 2015 from Barrick by private equity firm Waterton Resource Management) and the Timberline Resources advanced-stage Lookout Mountain project to the south.

The Battle Mountain-Eureka gold trend hosts numerous famous gold mines, including Marigold, Cove McCoy, Pipeline, and Cortez Hills to name a few. Between 1976 and 2012, production from these Carlin-type deposits in the Eureka District totaled 1.38 million ounces of gold.

The Jewel Ridge property consists of 96 unpatented lode mining claims and 30 patented claims covering approximately 728 hectares (1,800 acres) that contains several historic small gold mines which align along a north-south-trending stratigraphic contact of Lower Paleozoic sedimentary rocks, as well as several other gold-mineralized zones with a variety of structural and lithological controls. Multiple targets occur on the property with Carlin-type gold mineralization.

During a recent ten-hole Phase I drilling program, the second hole on the South Eureka Tunnel target, has intersected a significant width of oxide mineralization at depths greater than previously tested. Hole JR-20-05, a vertical Reverse Circulation drill hole, intersected a void (cavity) at 500 feet (152 metres) and, upon extension, intersected strong alteration and oxidation at 600 feet to 675 feet (183 metres to 206 metres), at which depth the hole was still in mineralization but lost due to ground conditions. Alteration of rocks and oxidation are key indicators of a geological setting amenable for gold deposition.

“While the Jewel Ridge gold project has many attributes, the lack of exploration at depth historically provides one of the greatest opportunities. Hitting oxide mineralization at this never-before-tested depth is a very good step in the right direction,” stated Mike England, President and CEO of Golden Lake.

Since the occurrence of alteration and strong oxidization at these depths on the South Eureka Tunnel target represents a new target, the company is proposing to deepen two of its planned holes of the Phase I program to test the deep oxide target. The deepest previous hole on this target was drilled in the 1980s to a depth of 340 feet (104 metres).

Geological modeling of Jewel Ridge is targeting a large tonnage gold deposit with important silver values, over a north-south trend of at least 4 km.

Golden Lake will make necessary site preparations to allow the drilling of deeper holes to depths of 750 to 900 feet (230-275 metres) to test the new deep oxide target. The company’s focus is on Carlin-style disseminated gold deposits, the primary focus in the area since the late 1970s. These types of deposits have been responsible for more than 250 million ounces of Nevada gold production from four trends or camps: Carlin, Cortez (Battle Mountain/Eureka), Getchell and Jerritt Canyon.[b}

Today's PR from management shows they are planning ahead
The explanation for moving forward on this acquisition while we wait for important assays fron Nevada is this statement " The ability to work the project on a year-round basis complements nicely with our exploration activities on the Jewel Ridge gold project in Nevada."
Much of the Nevada property is at a relativrly high elevation which could make drilling a bit limited for a period of time. Thus work would be shifted to the new acquisition to keep the news coming.

An additional acquisition for GLM
"GLM is pleased to announce the acquisition of a large, expansive group of claims known as the "Copperview Project" located in south-central British, Columbia. The project, acquired from Donald Rippon of Mineworks Ventures, is situated on the same regional geologic trend as, and surrounding the "MPD Property" owned by Kodiak Copper Corp. ("Kodiak") (TSX-V: KDK). Kodiak recently reported an intercept in drill hole MPD-20-004 of 282 meters averaging 0.70 percent copper and 0.49 grams gold per tonne (see PR Kodiak, September 3, 2020). Kodiak indicates this intercept represents a "significant high-grade copper-gold extension of the recently discovered Gate zone", located in the well-known, prolific southern portion of the Quesnel trough, host to numerous producing, past-producing and advanced development stage copper-gold porphyry deposits.The Copperview project comprises 17 claim blocks totaling over 204 square kilometers (20,437 hectares) over a large area measuring 40 kilometers in an east-west direction, by 30 kilometers in a north-south direction. The southern extent is traversed by the Peachland-Summerland Hwy, which parallels the railroad tracks. The northern portion of the project area is just south of Hwy 97C, and the western claim groups are traversed by Hwy 5A. An extensive network of logging and ranching roads allows year-round access to most target areas over the project area.The Copperview project covers, or is adjacent to, nine (9) known Minfile (BC government designation) mineral showings or occurrences, and also covers with the mineral rights, three historical small placer gold operations (Minfile past producers). The Siwash West 1000 claim block west of Mizzezula Lake is the closest area to Kodiak's recent drilling, located approximately 4.2 kilometers northwest of hole MPD-20-004. The southeast and east portions of the Copperview project are contiguous to Kodiak's MPD Property.Much of the Copperview project has seen only limited exploration activity and only a few shallow drill holes. Historic exploration focused largely on exposed surface mineral showings and several large untested copper-in-soil and gold-in-soil anomalies are known and can quickly be advanced to new near-term drill targets. With some exploration activity dating to the 1960-1970s, many historical copper intervals were not completed"

This company is actively drilling in Nevada for GOLD.
25,000,000 shares are outstanding.
Time will shortly tell us if it will be successful.
DO YOUR OWN DD!!
Ist post
"Present management of GLM is notoriously QUIET when waiting
for the return of assays from the lab. They immediately turned to announce further plans to drill the South Eurika Tunnel area and other claims. But this should not be interpreted that assays are questionable. Visuals are SELDOM reliable.
When the assays are received, then they will be announced.
I note a fairly large "bid" seems to be building. Assays may show by end of next week or by month-end. Fingers crossed.

Of interest is the fact that management plans to add core drilling as well as reverse circulation drilling at South Eureka Tunnel gold target. Depth must be of interest.
Lots of targets are to be examined through the coming months. This Should keep interest high from the Market, But positive assays only real determinant of true value. Stay tuned.