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VANCOUVER, BC / ACCESSWIRE / December 12, 2024 / Golden Lake Exploration Inc. (CSE:GLM) ("GLM" or "Golden Lake" or the "Company") (OTCQB:GOLXF) today reports the results of its autumn drill program, recently completed on its flagship Jewel Ridge property (the "Property"), located in the prolific Battle Mountain-Eureka gold trend of Nevada.
The Property is well-located proximal to infrastructure and is immediately adjacent to a successful, high-profile exploration program currently being undertaken by North Peak Resources Ltd. (TSX-V:NPR), on their neighboring Prospect Mountain property.
AUTUMN DRILL PROGRAM RESULTS:
In all, a total of 1,756 metres of reverse circulation drilling comprising 5 holes were completed in the subject drill program at Jewel Ridge (JR-24-51 to JR-24-55).
Drill targets included Induced Polarization (IP) anomalies (generated from 2024 surveys) situated within favorable geological & structural settings, hosting both Carlin-type disseminated gold deposits and carbonate replacement deposits. Other targets included historic mines yielding high precious and base-metal assays, exploited at shallow depth that have seen no historic drilling.
The following table documents the most significant results yielded by the drill program:
| Hole ID | From (m) | To (m) | Length (m) | Au g/t1 | Ag g/t1 | Au g/t x m |
| JR-24-51 | 36.58 | 39.62 | 3.05 | 0.28 | nsv2 | nsv |
| JR-24-52 | 181.36 | 202.69 | 21.34 | 0.10 | 1.66 | 2.15 |
| JR-24-52 | 219.46 | 246.89 | 27.43 | 0.19 | 1.36 | 5.15 |
| JR-24-53 | 0.00 | 19.81 | 19.81 | 0.16 | 2.04 | 3.08 |
| JR-24-53 | 48.77 | 59.44 | 10.67 | 0.18 | 5.26 | 1.94 |
| JR-24-53 | 146.30 | 185.93 | 39.62 | nsv | 2.88 | nsv |
| JR-24-54 | 181.36 | 182.88 | 1.52 | 0.13 | nsv | 0.19 |
| JR-24-54 | 187.45 | 214.88 | 27.43 | 0.21 | 4.22 | 5.63 |
| JR-24-54 | 242.32 | 256.03 | 13.72 | 0.77 | 17.54 | 10.50 |
| JR-24-54 | Incl.245.36 | 251.46 | 6.10 | 1.42 | 35.10 | 8.65 |
| JR-24-54 | 265.18 | 274.32 | 9.14 | 0.19 | nsv | 1.73 |
| JR-24-54 | 288.04 | 313.94 | 25.91 | 0.18 | 3.92 | 4.59 |
| JR-24-54 | Incl.298.70 | 306.32 | 7.62 | 0.44 | 3.29 | 3.37 |
| JR-24-55 | 225.55 | 252.98 | 27.43 | 0.12 | nsv | 3.37 |
| JR-24-55 | 252.98 | 295.66 | 42.67 | nsv | 5.26 | nsv |
1 Gold and silver analyses performed by Paragon Geochemical Laboratories in Reno, NV, utilizing an aqua-regia digestion followed by a fire-assay analyses and an atomic absorption finish, on 30 grams of sample
2 No significant values (nsv)
Highlighting the results, are 2 intercepts obtained in hole JR-24-54, yielding broad intervals of anomalous to strongly anomalous gold and silver values, specifically 0.77 g/t Au & 17.54 g/t Ag over 13.72 metres (including 1.42 g/t Au & 35.10 g/t Ag over 6.10 metres) as well as 0.18 g/t Au & 3.92 g/t Ag over 25.91 metres (including 0.44 g/t Au and 3.29 g/t Ag over 7.62 metres). Notably, both intercepts are closely associated with 2 prominent north-trending structures that traverse the Eureka district: an unnamed fault as well as the Jackson fault. The Jackson fault in particular, is intimately associated with several known Carlin-type gold as well as carbonate replace deposits (CRD), situated immediately to the north of Jewel Ridge on the Ruby Hill property, owned by i-80 Gold Corp. Additional drilling is clearly warranted in the immediate locale of drill hole JR-24-54 at Jewel Ridge, along strike as well as at depth (see Figure 1).