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.
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