Golden Lake Exploration CSE:GLM

Bought a bit more on the dip today

I bought some more on this dip today

JunglistGuy wrote: Ron has had so many big winners, it is amazing. GLM is another one for me.
Could this go over $1.00 ??

I think just a matter of time, with news today that Sprott is in the financing, we could hit $1.00 today

Eric Sprott coming into financing

VANCOUVER, BC / ACCESSWIRE / February 24, 2021 / Golden Lake Exploration Inc. (CSE:GLM) ("GLM" or the "Company") announces that the previously announced private placement (see PR dated February 23, 2021) of up to 12 million units ("Units") at a price of $0.45 per Unit for aggregate gross proceeds of $5,400,000.00 (the "Offering") has been fully committed with a lead order from Mr. Eric Sprott.

Ron has had so many big winners, it is amazing. GLM is another one for me.
Could this go over $1.00 ??

Over 20M shares traded and up to as high as $0.63. Very impressive. No sense me posting depth it is changing so quickly

More than Wow, now over 50. Thanks RonS

Stock now 43 here is the news

VANCOUVER, BC / ACCESSWIRE / February 23, 2021 / Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) ("GLM" or the "Company") reported today the discovery of a high-grade (gold-silver-lead-zinc) mineralized oxide zone in diamond drill hole JR-20-DD12 completed in November 2020 on the Northeast Eureka Target on the company's keystone Jewel Ridge gold property located near the town of Eureka, Nevada. From surface an intercept of 24.54 meters was intersected returning 9.16 grams gold per tonne (g/t Au), 65.8 grams silver per tonne (g/t Ag), 1.03 percentage lead (% Pb), and 1.90 percentage zinc (% Zn). This intercept is hosted in Hamburg Dolomite and comprises both Carlin-type and CRD -type ("Carbonate Replacement Deposits") oxide mineralization.

A higher "bonanza" grade portion from 15.21 meters to 18.44 meters returned 3.23 meters averaging 57.16 g/t Au, 452.0 g/t Ag, 7.23 % Pb, and 11.99% Zn. This "bonanza" intercept is interpreted by the Company geologists as similar to the historic Ruby Hill mines and can be described as an oxidized carbonate-hosted, structurally and lithologically controlled gold-silver (with associated lead-zinc) mineralization. The Jewel Ridge property hosts over a dozen past producing mines and prospects over a 4-kilometer strike on the Dunderberg-Windfall Belt, most worked in the late 1800's for gold, silver and lead, from shallow oxide deposits.

Recently announced surface sampling of the South Eureka target area returned very similar mineralization averaging 3.43 Au, 196.3 g/t Ag, 8.8% Zn and 0.88% Pb (see Company PR dated Feb 1, 2021) and will become a focus of an upcoming diamond drill program. This sample area is located approximately 125 meters from the collar of hole JR-20-DD12, and on-trend, and interpreted as the south-west extension of the Northeast Eureka Zone.

"Given our successful efforts to date we anticipated positive results, but this hole has definitely exceeded our highest expectations. We are excited to aggressively continue our work program to define and expand the targets identified in 2020 by drilling, rock and soil geochemistry, magnetics and Induced Polarization geophysics and structural mapping. Congratulations to our first-rate team of geologists and project managers." stated Mike England, CEO and President of Golden Lake. "The discovery of a high-grade "bonanza" zone is a great success and a "game-changer" for the property and the Company, and we await assays from one remaining core hole."

DRILL HOLE JR-20-DD12 HIGHLIGHT SUMMARY



Hole JR-20-DD12 was a vertical diamond core hole drilled close to reverse circulation ("RC") hole JR-20-06 which returned 22.86 meters from surface averaging 2.80 g/t Au and 5.9 g/t Ag. Three other RC holes have defined the tabular, oxide Northeast Eureka Zone with the average of four holes (including JR-20-06) over 21.34 meters returning 1.45 g/t Au and 4.8 g/t Ag.

RC hole JR-20-06 lost circulation from 36.58 to 60.96 meters and the core hole JR-20-DD12 was successful in testing this interval, but also encountered drilling difficulty and was lost at 69.59 meters. A recently discovered Lower Mineralized Zone ("LMZ") intersected in hole RC-20-09 at depth of 160.02 meters, averaging 1.48 g/t Au and 1.3 g/t Ag over 10.67 meters, has not yet been tested by core drilling. The multiple stacked nature of the oxide gold mineralized horizons significantly enhances the tonnage potential of the Northeast Eureka Zone.in hole JR-20-09.

The Company is awaiting assay results from one remaining diamond drill core hole completed in November on the Eureka Tunnel area. Drilling on the Jewel Ridge property during 2020 comprised 10 RC holes 5,200 feet (1,585 meters), and three diamond drill holes 1,236 feet (376.6 meters). Planning is in progress for a spring 2021 drill program on multiple target areas on Federal (BLM) and patented lands.

Wow what a pop in the stock, great drill hit

I averaged down, I think the bottom is in

Good drill results yesterday, the stock got knocked down in last 2 minutes of trading

Looks like a break out on GLM, seems to be bucking the trend today