Golden Lake Commences Property-Wide Magnetotelluric (MT) Survey on Its Jewel Ridge Property in The South Eureka Gold Belt, Eureka County, Nevada - Seite 2

At Jewel Ridge, historic shallow intercepts of CRD mineralization occur at the Hamburg mine, returning 10.7 g/t Au, 9.3 g/t Ag over 8.6 metres as well as at the Eureka Tunnel mine, yielding 9.2 g/t Au, 65.8 g/t Ag, 1.0% Pb & 1.9% Zn over 24.5 metres (Figure 1). These CRD occurrences together with the numerous other historic mines at Jewel Ridge comprise a two kilometer-wide, north-trending corridor, transecting the entire length of the Jewel Ridge property. Such mineral occurrences are the surface manifestation of a wide-spread high-grade CRD mineralizing system thought to be at depth on the Property. The deeper bonanza-grade intercepts over significant widths obtained by i-80 Gold immediately to the north, occur at depths of 500 metres and greater, underscoring a real need for deeper exploration methodology and subsequent deeper drilling at Jewel Ridge.

Michael England, CEO of Golden Lake Exploration stated: "We are excited to be getting this long-awaited geophysical program started. The MT results coupled with the recently completed drone magnetic survey supplemented by Golden Lake's historic drill results, will generate numerous quality intrusion-related targets, for an early fall diamond drilling program at Jewel Ridge."

Qualified Person:

Golden Lake Explorations' disclosure of a technical or scientific nature in this news release has been reviewed and approved by Donald Hoy, M. Sc., 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

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