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sur Golden Lake Exploration Inc. (NASDAQ:GOLXF)

Golden Lake Exploration Announces Promising Silver Findings at New Pinto Property in Nevada

Golden Lake Exploration Inc. reported significant findings of high-grade silver and other base metals at its newly staked Pinto Property in White Pine County, Nevada. The property, which covers approximately 440 acres, is situated near the company’s Jewel Ridge Property and shows promising mineralization, including gold, silver, copper, lead, and zinc. Notably, silver values reached up to 2600 grams per tonne.

The Pinto Property was strategically acquired through the company’s ongoing exploration activities in Nevada. Initial assessments from 23 rock grab samples have confirmed the presence of carbonate replacement deposits (CRDs) and polymetallic quartz veins, suggesting an intrusion-related hydrothermal system. This acquisition is in line with recent regional mining activities, including neighboring projects by McEwen Mining and i-80 Gold, enhancing prospects for the South Eureka gold belt.

CEO Mike England expressed optimism about the upcoming drilling campaigns planned for the summer, aiming to elaborate on the current findings. The historical mining district, operational between 1869-1922, further supports the site’s high-grade mineral potential, previously explored for silver. The company anticipates a vibrant exploratory phase leveraging recent geophysics insights from the adjacent Jewel Ridge site.

R. H.

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