on Golden Lake Exploration Inc. (NASDAQ:GOLXF)
Golden Lake Poised for Growth at Jewel Ridge Amid Neighboring High-Grade Discoveries
Golden Lake Exploration Inc. (CSE:GLM), headquartered in Vancouver, reports promising prospects at its Jewel Ridge property in Nevada. This follows impressive drilling results from North Peak Resources Ltd. at Prospect Mountain, barely 150 meters from Jewel Ridge. Positioned on the prolific Battle Mountain-Eureka gold trend, the property benefits from proximity to existing infrastructure and active exploration programs.
North Peak's recent projects have revealed high gold grades at the historic Wabash mine area. Key findings include 12.00 g/t Au over 22.90 meters, and other significant intercepts, all near Golden Lake's boundary. These results suggest substantial mineralized trends could extend into the Jewel Ridge property.
Golden Lake notes potential extensions to historic sites like the El Dorado mine, though never diamond drilled. Sampling has already shown high-grade values, prompting further exploration. The company anticipates complete drill results soon, indicating potential for economic development.
R. P.
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