Golden Lake Reports High Silver Values from The Newly Staked Pinto Property in White Pine County, Nevada

VANCOUVER, BC / ACCESSWIRE / May 2, 2024 / Golden Lake Exploration Inc. (CSE:GLM) ("GLM" or the "Company") (OTCQB:GOLXF) is pleased to announce high-grade silver and base metal results from its newly acquired Pinto Property ("Property") in White Pine County, Nevada, located approximately 15 kilometres from the Company's keystone Jewel Ridge Property. The Pinto property was staked based on the Company's ongoing generative exploration activities on Nevada and comprise approximately 440 acres (178 ha). The new claims are 100% owned by the company and do not have royalty obligations or work commitments.

A total of 23 rock grab samples were collected by Company personnel, over the Property that returned precious and base metal values up to 0.31 grams gold per tonne (g/t Au), 2600 grams silver per tonne, (g/t Ag), 5.56 % copper (% Cu), 14.05 % lead (Pb), and 10.6 % zinc (Zn). Samples from quartz veins consistently showed high tin (Sn) values that exceeded the assay packages detection limits (>500 ppm). The geochemical signature, including elevated pathfinder elements like Bi, Mo, and W, suggest an intrusion-related hydrothermal system. Table 1 lists the initial sample results.

Donald Hoy, Golden Lake's Vice President of Exploration commented; "The addition of the Pinto property to our portfolio adds significant value to our Eureka land position in view of McEwen Mining's (MUX-TSX) recent acquisition of our southern neighbor, Timberline Resources (TBR -TSXV) and i-80 Gold having acquired our northern neighbor Paycore Minerals, last year. Additionally, North Peak Resources (NPR-TSXV) our neighbor to the west, will shortly commence a diamond drilling program evaluating several quality targets on their Prospect Mountain property; one of their prime targets is situated proximal to our western property boundary. This all augurs well for a busy year for exploration and development in the South Eureka gold belt."

"Being financed now and guided by our extensive geophysics recently completed at Jewel Ridge, we look forward to commencing drilling our exciting, new targets on trend with I-80 this summer," stated CEO Mike England.

The Pinto Mining district was primarily worked for high-grade silver from approximately 1869-1922, evidenced by numerous adits, shafts, and prospect pits found throughout the district. A small open-pit operation was initiated in the early 1980's by Mars Mining. Carbonate replacement deposits (CRDs) and polymetallic quartz veins are the mineralization styles present in the district.