Golden Lake Exploration Inc has reported further assay results from the summer drill program on the keystone Jewel Ridge gold property located near the town of Eureka, Nevada. A new, deeper elevation, mineralized zone was intersected in hole JR-20-09 at a depth of 160.0 meters, averaging 1.48 grams gold per tonne and 1.3 grams silver per tonne over an interval of 10.67 meters. This represents a second mineralized horizon hosted in dolomite, in addition to the Upper Mineralized Zone that returned 1.25 g/t Au and 5.5 g/t Ag over 16.76 meters from surface in hole JR-20-09. These four holes wrap up the summer program results - assays are now pending from the most recent program announced October 20, 2020.
The Lower Mineralized Zone intersection supports the geological model of a series of stacked, oxide, Carlin-type gold zones with a halo of mineralized material (above a projected 0.2-gram cut-off grade, 0.2 to 0.5 g/t Au range), in the Eureka Tunnel area, on the Jewel Ridge Property. Discovery of a stacked component of oxide gold mineralized horizons represents an attractive target for future drilling and significantly enhances the tonnage potential.
The Eureka Tunnel mine is located in the northwest quartile of the Jewel Ridge property, with the "Oxide Zonelocated east and north-east of the main portal. The Eureka Tunnel Oxide Zone comprises both Carlin-type and CRD -type oxide mineralization. A total of seven Reverse-Circulation drill holes were completed, comprising 1,048.57 meters, with assays for three vertical holes previously received, with a highlighted intercept of 2.80 g/t Au and 5.9 g/t Ag over 22.98 meters from surface. Highlights:
Upper Mineralized Zone was consistently intersected in four holes, with intersections of higher-grade oxide gold mineralization over an average width of 21.34 meters, starting at surface, with a weighted average grade of 1.45 g/t Au and 4.8 g/t Ag. This target is open to the south, southwest, the northeast and north. All holes are vertical, and reported widths represent vertical intervals. Addition drilling is required to determine the true width of the mineralized zones.