on Golden Lake Exploration Inc. (NASDAQ:GOLXF)
Golden Lake Initiates Drilling at Jewel Ridge in Nevada
Golden Lake Exploration Inc., based in Vancouver, is set to commence drilling on its Jewel Ridge Property, situated in the Battle Mountain-Eureka gold trend in Nevada. This region is known for its rich infrastructure, making it an attractive site adjacent to active exploration by North Peak Resources and i-80 Gold Corp.
Recent geophysical surveys have identified a significant Induced Polarization (IP) anomaly at Magnet Ridge, extending over an 800-meter strike length and reaching at least 400 meters in depth. This IP target sits in a corridor known for carbonate replacement deposits, alongside established sites such as Ruby Hill and Prospect Mountain.
In the ongoing drilling program, Golden Lake has completed 1,378 meters across four holes. Notably, the final hole, JR-24-54, revealed gossanous iron oxide mineral intervals, with a promising 7.60-meter section in the Hamburg Dolomite—a lithotype crucial for hosting mineral deposits.
R. H.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Golden Lake Exploration Inc. news