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Red Lake Gold Inc. CSERGLD is focused on high-impact gold exploration through our 21,238 ha district-scale Whirlwind Jack gold project situated near Red Lake, Ontario and adjacent to the Dixie gold project being advanced by Great Bear Resources Ltd.
Red Lake Gold Inc. 605-815 Hornby Street Vancouver, BC, V6Z 2E6
Portofino Commences Exploration on Bruce Lake Gold Property, Red Lake Gold District, Ontario
All properties are underexplored and host structural characteristics typical of gold deposits in the Red Lake Greenstone Belt of Northwestern Ontario
VICTORIA, BC ACCESSWIRE June 11, 2019 nbspGoldON Resources Ltd. TSX-V GLD GoldON or the Companynbspis pleased to announce it has entered into an option agreement to acquire three properties in the Red Lake Mining District of northwestern Ontario.
While our focus remains on West Madsen and our Slate Falls projects, these new properties exhibit similar geological characteristics as recent discoveries in the Red Lake Greenstone Belt and fit well with our project generator model, said Michael Romanik President of GoldON.
Comprised of 69 full and partial cells covering 1,062 hectares ha within the Red Lake Greenstone Belt, the property is located 15 kilometres km north of the town of Red Lake and is contiguous with Rubicon Minerals Slate Bay gold property see mapnbspFigure 1.
Report of the Bureau of Mines 1935 Vol.XLIV Part 6 p.1-52 Red Lake area Kenora District, Patricia portion Positions and means of access to area Sams Portage, Chukuni River photo Hydro electric power in area Previous work done in area General geology of area Economic geology of area mining claim map Description of mining properties Goldside Mining Co., Ltd. Acquired ...
Comprised of 22 full and partial cells covering 448 ha within the Red Lake Greenstone Belt, the property is located 32 km west of the town of Red Lake see mapnbspFigure 2.
Ontarios Red Lake Mining District is one of Canadas most prolific gold mining districts, renowned for high-grade gold deposits. This is a mining-friendly, politically stable jurisdiction with a skilled labour force and infrastructure specifically built around meeting the needs of the mining industry.
With gold prices remaining close to 2011s peak, the prolific Red Lake Mining District in northern Ontario has become a hotbed for investments, including a recent C15 million investment from gold ...
quotDixie Gold is pleased to announce one of the largest single-phase soil programs to be performed in the emerging Dixie Gold District. Our Red Lake Gold Project represents a once-in-a-generation at ...
Oct 08, 2020nbsp018332About Vixen and the Red Lake Mining District. To date, the Red Lake Mining District Red Lake has produced over 28 million ounces of gold since mines began production in 1925 readers are cautioned that mineralization present on adjacent properties may not be present at Vixen.
Investor Interest in the Red Lake Mining District Continues to Rise Following C15 Million Investment in Pure Gold
Oct 28, 2020nbsp018332With gold prices remaining close to 2011s peak, the prolific Red Lake Mining District in northern Ontario has become a hotbed for investments, including a recent C15 million investment from gold ...
GoldON Resources TSX-VGLD NCMBF may be the mostrecent addition to the prolific Red Lake region, but the company has already made serious headway at its West Madsen project, an optionjoint venture with Great Bear Resources. Since acquiring an option on the West Madsen property in May 2019, the company has completed a phase I diamond drilling program and acquired additional claims in 2020, and received permits for phase II drilling in 2020.
Mr. Red Lake, Perry English, also joinedGoldON Resources during that time as a strategic advisor. English, who has been referred to as a one-man project generator, has staked thousands of claims and sold hundreds of properties in the region over the last 35 years, including the West Madsen project and Great Bears Dixie Gold Project.
With the addition of the new claims, GoldON ResourcesWest Madsen project now covers 4,722 hectares of prime gold exploration real estate in the heart of the Red Lake Gold District. The property also adjoins the highest-grade underground gold project in Canada, the Pure Gold Red Lake Mine, which is set to begin production before the end of 2020.
Finding gold in the shadow of headframes may be an old mining adage, but it evidently still rings true today. GoldON Resources West Madsen property meets this criteria thanks to its close proximity to the high-grade Pure Gold Red Lake Mine, which is just a few hundred meters from the propertys boundary.
In July, GoldON completed the initial, wide-spaced reconnaissance diamond drilling program at West Madsen, which included the discovery of 14.4 grams per tonne gt gold over 0.5 meters m. The company has since received drill permits and is prioritizing targets for Phase II drilling on the expanded West Madsen project later this quarter.
As mentioned, Pure Gold Mining TSXVPGM OTCLRTNF, whos market cap is approaching C1 Billion,is expecting their first pour at its Pure Gold Red Lake Mine before the end of 2020. The robust economics of the project, bolstered by the rising gold price, have attracted serious investors including a C15 million investment from Eric Sprott. In February 2019, the feasibility study on the property outlined a 12-year, high-grade mining operation with a production rate of 800 tonnes per day.
The Pure Gold Red Lake Mine has probable mineral reserves of 3.5 million tonnes Mt at 9.0 gt containing 1 million ounces of gold included in a mineral resource of 7.19 million indicated tonnes grading 8.9 gt gold for 2.06 million ounces of gold and 1.88 million inferred tonnes grading 7.7 gt gold for 467,000 ounces of gold, making it the highest grade development-stage gold deposit in Canada.
Great Bear Resources TSXVGBR OTCGTBAFhas also experienced success in the Red Lake region. Since acquiring 100 interest in their flagship Dixie property in 2017, the company has made numerous high-grade gold discoveries. On October 7, the company announced they had reached 100,000 meters drilled in 180 holes and reported additional results, including 18.58 gt gold over 19.25m.