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Gold Lakes Corp. (GLLK)

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Last Post: 3/29/2017 5:01:47 PM - Followers: 115 - Board type: Free - Posts Today: 48

GOLD LAKES CORP.





http://www.goldlakes.com/


 
Welcome to Elephant Country
 
ABOUT GOLD LAKES

As a new exploration play in the exceptionally prolific Abitibi Greenstone area, Gold Lakes represents compelling investment and takeover potential.

Gold has spiked over $1,300 for the first time in two years, and the Gold Miners ETF (GDX) has risen 50% since the start of 2016.

Gold Lakes Corporation strategy is to identify and acquire prospective properties in well-mineralized mining areas and advancing these properties toward making new discoveries within the Abitibi Greenstone Belt. For slightly over a century, the legendary Abitibi-Greenstone belt has produced hundreds of billions of dollars' worth of mostly gold, silver, copper and zinc.

This area of Northern Ontario and Quebec is comparable to Nevada's Carlin Trend.

The Abitibi Greenstone belt is an established gold mining district having produced over 100 mines and 180 million ounces of gold since 1901.



Golden Opportunities
 
THE PLAN
 

Under the direction of industry veteran Ed Morrow GLLK’s VP of Mining Exploration, the Company plans to be on the property presently to ascertain the areas and targets to commence its aggressive drilling program.

The Big Monty lies within the prolific Porcupine-Destor Fault Zone “PDFZ” (110 Million ounces of Au produced to date and adjacent to the North and Northwest borders by St. Andrews Goldfield’s Holt Property (SAS: TSXV) which has 2.8 Million Ounces of measured and indicated resources and 1.1 Million Ounces of inferred resources as of December 31, 2013.

GLLK management intends to prove that the Holt property gold system continues onto its claims.

The 2,846 acre Big Monty was acquired by GLLK in a deal with Flex Mining Ltd. A November 2012 Airborne Survey noted a variety of features characteristic of gold bearing fields within the seven claims making up the property.

Initially, the Company plans to do extensive groundwork and rock sampling, once the current geological report is interpreted, Eventually, an NI-43-101 report will be commissioned to delineate the indicated and reserve figures.

The Company fully intends to explore financing and JV opportunities with potential partners within the Abitibi Greenstone Belt.

Gold Lakes plans to conduct extensive geophysical work and a minimum 2000 metre drill program once financing is secured. The Porcupine-Destor fault system is believed to run generally East-West through the Big Monty property with numerous North East-South West cross faults providing several possible intersecting structural features which could possibly host economic mineralization.

The Abitibi Greenstone Belt area is also noteworthy for impressive grades:

• Bonterra Resources north of Val D’or Quebec, Gladiator Project in a recent announcement generated a high-grade intersection of 137.4 g/t over 2.5 m with coarse visible gold having been observed in the core.

• Oban Mining Corporation in a recent announcement genereated 41.8 g/t Au Over 2.5 Metres at Windfall Lake gold project located in Urban Barry Township, Québec.

• The Hislop mine reported 5.2 g/t of gold in ore. Hislop mine located in the prolific Timmins gold mining district, which lies within the Abitibi Greenstone Belt.

• Macassa gold operations owned by Kirkland Lake Gold Inc., is part of one of Canada’s oldest and richest systems. The Kirkland Lake Main Break system boasts production of 24 million troy ounces of gold over a span of 86 years and average historic grade of 16.5 g/t.

 

Area

The Abitibi Greenstone Belt

 

The Abitibi Greenstone Belt is an established gold mining district (comparable to Nevada’s Carlin trend) having produced over 100 mines and 180 million ounces of gold and more than 50 million ounces from the Cadillac Larder Fault Zone, from operations that include Lake Shore Gold’s Timmins West, the Kirkland Lake Gold complex and Goldcorp’s Porcupine. The Abitibi Greenstone area is also known for robust acquisition and takeover activity. In 2015, Oban Mining (OBM: TSX), with a market cap of north of $60 million, acquired five juniors in the region and has taken out several more to date. Oban is focused on a clear strategy of consolidation in the Abitibi and plans to become an intermediate producer within the near future. Its mandate is to drill test targets rapidly and advance or divest the rest. Oban is well financed with approximately $73 million in cash, cash equivalents and marketable securities.

Gold Lakes’ properties are located in the center of existing junior mining companies.
 

 
Properties
 
The Big Monty

The Big Monty Property consists of 7 claims totaling 2846 acres and is located approximately 70 kilometers north of Kirkland Lake, Ontario, and 68 kilometers east of Timmins, Ontario.

The Big Monty lies within the prolific Porcupine-Destor Fault Zone “PDFZ” (110 Million ounces of Au produced to date and adjacent to the North and Northwest borders by St. Andrews Goldfield’s Holt Property (SAS: TSXV) which has 2.8 Million Ounces of measured and indicated resources and 1.1 Million Ounces of inferred resources as of December 31, 2013.

Gold Lakes acquired 100% of the Big Monty property from Flex Mining Ltd.

A November 2012 Airborne Survey noted a variety of features characteristic of gold bearing fields within the seven claims making up the property.

 
The Ponderosa

Gold Lakes has recently acquired 100% interest in 31 claims in the Abitibi Greenstone Belt region. The new acquired land will be known as “The Ponderosa”.

The Ponderosa property consists of 329 claim units encompassing over 13,000 acres and is located in the townships of Frecheville, Stoughton and the Mistaken Islands of Ontario, Canada.

This new acquisition brings Gold Lakes total land holdings in the area to over 15,000 acres.

The company plans to conduct an airborne survey over the Ponderosa claims in the coming months. This airborne survey will tie in with the air borne survey that was previously completed on the Big Monty, to identify specific drill targets.

In addition, GLLK management intends to prove that the Holt property gold system continues onto its claims.
 

 
Takeover Activity

In June 2015 Oban Mining (OBM: TSX), with a market cap of north of $60 million, acquired five juniors in the region and has taken out several more to date. Oban is focused on a clear strategy of consolidation in the Abitibi Greenstone Belt and plans to become an intermediate producer within the near future.

Oban’s mandate is to drill test targets rapidly, advance or divest the rest. Oban is well financed with approximately $73 million in cash, cash equivalents and marketable securities.

In January 2016 Kirkland Lake Gold Inc. (TSX: KGI) closed a $178 million agreement to acquire all the outstanding shares of St Andrew Goldfields Ltd. (TSX: SAS) (OTCQX: STADF).

 

The new entity will have a strong production growth profile and is expected to produce 260-310k oz gold in 2016 with attractive cash costs between US$600-690/oz gold. Over 50% increase in proven & probable gold reserves to a combined 2.3m oz Au, and over 100% increase in measured & indicated gold resources, supporting long-term sustainable production profile.

Previous Abitibi Greenstone Belt 2015 acquisition activity:

• February 2015: Centerra Gold and Premier Gold Mines became 50/50 partners on Premier’s Trans-Canada Property in Ontario.

• March 2015: Goldcorp acquired Probe Mines for their deposit in Ontario.

• April 2015: Alamos Gold acquired Aurico Gold through a merger to gain exposure to its Young-Davidson Mine in Ontario

• April 2015: Yamana acquired Mega Precious Metals for their Monument Bay Gold Project in Manitoba.

• October 2015: Alamos just bought out Carlisle Goldfields for a premium of 62% to Carlisle’s closing price on October 14, 2015, and a 117% premium to its 30-day volume-weighted average price
 

Company Contacts
Gold Lakes Mining Company
Christopher Vallos, President
3401 Enterprise Parkway, Suite 340
Beachwood, Ohio 44122
888-123-4568
216-916-9303
Email: info@goldlakes.com





 



 


































































 

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PostSubject
#2906  Sticky Note GLLK NOW READ THIS FROM MARCH 2ND, 2017!!! FUEGO10 03/16/17 06:07:38 PM
#2217  Sticky Note Macd crossed...Psar getting close to a flip to georgie18 03/07/17 05:09:26 AM
#3586   Picked up some 5's today here. ProfitChaser 03/29/17 05:01:47 PM
#3585   hmm .0006-.008 sound about right? layupdrill 03/29/17 04:50:21 PM
#3584   Ran from 0002 to 002 and now a georgie18 03/29/17 04:43:51 PM
#3583   hmmm, volume, very interesting layupdrill 03/29/17 04:42:47 PM
#3582   Yup I agree...vndm will move when tested...imo... georgie18 03/29/17 04:42:02 PM
#3581   Might be those holders of 4's ... took Chingga 03/29/17 04:39:33 PM
#3580   001 could clear as early as tomorrow. Go GLLK. OTC Knight 03/29/17 04:36:11 PM
#3579   Seriously, wth is going on here? I think MOPENNYS 03/29/17 04:12:41 PM
#3578   After ALL that it ends the day even, WTF?!! DialedIn2Trade 03/29/17 04:01:07 PM
#3577   GLLK... 0008s clearing here... georgie18 03/29/17 01:49:30 PM
#3576   it is a forward looking event and is AAAtrades 03/29/17 01:18:10 PM
#3575   Lol why September? waytoorandom 03/29/17 01:16:16 PM
#3574   GLLK will move higher into SEPTEMBER 2017 AAAtrades 03/29/17 01:14:49 PM
#3573   Lol I should of said 1.00....?? but right buttaflisw 03/29/17 01:11:59 PM
#3572   you mean .10 ? lol AAAtrades 03/29/17 01:07:31 PM
#3571   Yup... georgie18 03/29/17 01:07:21 PM
#3570   We are getting close. 001 coming soon here!!! OTC Knight 03/29/17 01:04:10 PM
#3569   Would love to see this hit .01 one day buttaflisw 03/29/17 01:03:48 PM
#3568   LOTS OF VOLUME HERE WE GO!! MFE23 03/29/17 01:02:27 PM
#3567   9s on the offer! Let's go! Bob Dolina 03/29/17 12:57:02 PM
#3566   Yup...would like to see that 001 break and georgie18 03/29/17 12:38:13 PM
#3565   GLLK is a buy and hold until September AAAtrades 03/29/17 12:35:59 PM
#3564   GLLK looks ready to head back up to OTC Knight 03/29/17 12:27:46 PM
#3563   I must admit it is tempting to go AAAtrades 03/29/17 12:25:55 PM
#3562   This is ready to take off! mizzou7 03/29/17 12:24:46 PM
#3561   Mostly Buys Today. Something big is Coming !! Me2Greedy 03/29/17 12:19:30 PM
#3560   I know,im holding for more that 9s,just wanted sick nam vet 03/29/17 12:11:08 PM
#3559   I think the 'forward looking event' that GLLK AAAtrades 03/29/17 12:09:22 PM
#3558   don't worry you will get your .09 in AAAtrades 03/29/17 12:06:50 PM
#3557   Who cares about Rome,i care about 9s!! sick nam vet 03/29/17 12:04:58 PM
#3556   Goes to 8 from strong base of 4 DialedIn2Trade 03/29/17 12:04:42 PM
#3555   Rome was not built in one day.... AAAtrades 03/29/17 12:02:28 PM
#3554   holding my 4s tight!!! sick nam vet 03/29/17 12:01:43 PM
#3553   A"holes trying to bring it back down sick nam vet 03/29/17 12:00:09 PM
#3552   GLLK...0008 ...4 Mill ask slap... georgie18 03/29/17 11:57:54 AM
#3551   In anticipation of 43-101 technical report alone can Chingga 03/29/17 11:46:43 AM
#3550   GLLK...0008...on the ask...watch for a psar flip to georgie18 03/29/17 11:45:24 AM
#3549   the price action recently was very solid because AAAtrades 03/29/17 11:44:34 AM
#3548   the price action recently was very solid because AAAtrades 03/29/17 11:44:34 AM
#3547   dammit, I was going to buy another boatload AAAtrades 03/29/17 11:40:33 AM
#3546   Wow huge slap on 7s! Bob Dolina 03/29/17 11:38:56 AM
#3545   GLLK... 0007s up and thinned out... georgie18 03/29/17 11:37:44 AM
#3544   I wonder how those sellers at this level Chingga 03/29/17 11:32:52 AM
#3543   It's about to run I can smell it Lol waytoorandom 03/29/17 11:27:58 AM
#3542   GLLK... 0007s starting here... georgie18 03/29/17 10:11:50 AM
#3541   $0.0006 is broken, very thin up there. Chingga 03/29/17 09:55:40 AM
#3540   Gan thank you... georgie18 03/29/17 05:01:42 AM
#3539   g18, great analysis..short and sweet :) Gan 03/29/17 02:11:26 AM
#3538   From GLLK's recent 10Q filing: AAAtrades 03/28/17 08:22:58 PM
#3537   Whats going on with this ticker? Is it MOPENNYS 03/28/17 08:11:28 PM
PostSubject