Golden Lake Exploration Inc.
GLM.CN
Canadian Securities Exchange0.11
CAD
+0.00
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Golden Lake Exploration Inc.
GLM.CN
(Canadian Securities Exchange)
Recent
price
0.11
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Golden Lake Exploration Inc. is a Canada-based junior mining exploration company focused on acquiring, exploring, and developing precious and base metal properties, primarily targeting gold and copper deposits in the United States and Canada. The company holds interests in the flagship Jewel Ridge project, comprising 96 unpatented lode mining claims and 30 patented claims covering approximately 728 hectares (now expanded to 2,642 acres through additional staking) in Eureka County, Nevada, along the prolific Battle Mountain-Eureka gold trend; the Jewel Ridge property features multiple targets including the Eureka Tunnel zone with historic intercepts such as 24.54m grading 9.16 g/t Au, the Jewel Ridge target with 56.39m grading 1.24 g/t Au, and the Hamburg target with 67.57m grading 2.37 g/t Au, prospective for Carlin-type disseminated gold and carbonate replacement deposits (CRD); the early-stage Copperview project in south-central British Columbia, including recent staking of Connector claims totaling 311 hectares linking holdings north of Kodiak Copper Corp. and Gold Mountain Mining Corp., plus additional claim blocks on Copperview North; and an option to acquire 100% interest in the Conglin Creek Copper Property. Operations center on Nevada's South Eureka Gold Belt, contiguous with properties held by i-80 Gold Corp., North Peak Resources Ltd., and others, with exploration activities including high-resolution drone magnetic surveys, IP geophysical surveys identifying anomalies like the 800m-long Magnet Ridge target, reverse-circulation drilling programs targeting oxide-gold mineralization at South Eureka and Hamburg zones, and strategic claim expansions. Founded in 2018 and headquartered at Suite 1240, 789 West Pender Street, Vancouver, British Columbia V6C 1H2, Canada, the company trades on the Canadian Securities Exchange under ticker GLM and OTCQB as GOLXF. Recent developments include the September 2024 announcement of a phase one reverse-circulation drill program of at least four holes totaling 1,700 meters at Jewel Ridge set to commence late September, following retention of HD Drilling Services; a June 2023 high-resolution drone magnetic survey partnership with i-80 Gold Corp. and North Peak Resources Ltd. covering Jewel Ridge, Ruby Hill, and Prospect Mountain properties; September 2023 staking of 46 BLM lode claims adding 924 acres near Jewel Ridge; April 2022 acquisition of the Cardinalli Portfolio of three patented claims (Sentinel, Clipper, Golden Rule totaling 23 acres) and three properties on Copperview; and April 2022 expansion of Copperview holdings.
Golden Lake Announces Convertible Promissory Note