Golden Lake, i-80 Gold and North Peak Commence Collaborative Drone Magnetic Survey on Their Respective Properties, in the South Eureka Gold Belt, Nevada - Seite 2

At Jewel Ridge, shallow intercepts of CRD mineralization occur at the Hamburg zone, returning 10.72 g/t gold & 9.30 g/t silver over 8.56 metres as well at the Eureka Tunnel zone, yielding 9.16 g/t gold, 65.77 g/t silver, 1.03% lead & 1.90% zinc over 24.54 metres.

The distribution of precious and base-metal deposits within the SEGB district is controlled by structure, lithology and proximity to intrusive centres. The effect of each control varies from deposit to deposit, that include carbonate replacement deposits (CRD), skarns, Carlin-type disseminated gold deposits, as well as hybrid CRD-Carlin type styles of mineralization.

The high-resolution drone magnetic survey will assist in refining the role played by rock type, structure and proximity to intrusions and their relationship with mineralization at the district scale, as well as at the detailed property scale. Most importantly, the survey will assist in drill targeting, in efforts to extend known zones of mineralization and to discovering new deposits at Jewel Ridge, Ruby Hill and Prospect Mountain.

Qualified person:

Golden Lake Exploration's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Don Hoy, P.Geo., who serves as a qualified person under the definition of National Instrument 43-101.

About Golden Lake 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.

ON BEHALF OF THE BOARD

"Mike England"
Mike England, CEO & DIRECTOR

FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: [phone]
TollFree:1-888-945-4770

Neither the Canadian Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

SOURCE: Golden Lake Exploration Inc.

View source version on accesswire.com:
https://www.accesswire.com/762579/Golden-Lake-i-80-Gold-and-North-Peak ...


The Golden Lake Exploration Stock at the time of publication of the news with a raise of +6,25 % to 0,080CAD on CSE stock exchange (20. Juni 2023, 21:37 Uhr).