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Red Lake Gold Identifies Gold-In-Soil Anomalies, Highlights Multi-Kilometre Target Area Adjoining LP Fault
Vancouver, British Columbia – TheNewswire - August 13, 2024 - Red Lake Gold Inc. (CSE: RGLD)(“Red Lake Gold” or the "Corporation") reports upon results of the r
About this update from Red Lake Gold Inc
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - August 13, 2024 - Red Lake Gold Inc. (CSE: RGLD)(“Red Lake Gold” or the \"Corporation\") reports upon results of the recently completed field program (the “Field Program”) at its Whirlwind Jack Gold Project (“Whirlwind Jack”) done for the Corporation by Fladgate Exploration Consulting Corporation (“Fladgate”)(see also news release, Red Lake Gold Inc. Field Program Confirms Mafic and Felsic Metavolcanic Lithologies at Whirlwind Jack, Lab Assays Pending on 1,001 Collected Samples, dated July 4, 2024 and news release, Red Lake Gold Inc. – Corporate Update, dated August 7, 2024). “The soil sample highlights - and their locations - speak for themselves,” noted Ryan Kalt, Chief Executive Officer of Red Lake Gold. The Corporation has 41,739,169 common shares issued and outstanding. Red Lake Gold advises that laboratory results of the soil sampling done during the Field Program ranged from below detection to a program high of 269 ppb Au, and contributed to the identification of gold-in-soil anomalies within Whirlwind Jack, as further described and highlighted by spatially-associated targets now-named the Box Target and the Bug Lake Target. Figure 1: Map of the Whirlwind Jack Gold Project with Highlighted Target Areas The Corporation reminds its constituents that it has previously disclosed that the Field Program identified both mafic and felsic metavolcanic lithologies at Whirlwind Jack within the area targeted by the Field Program (see news release by the Corporation dated July 4, 2024). The Box Target The Box Target is centrally located at Whirlwind Jack and is within a company-prioritized east-west mag low corridor emanating from the eastern edge of the project adjoining the Great Bear Project (being independently advanced by Kinross Gold Corporation) and then trending westwards. The Corporation infers this mag low corridor to situate itself adjacent a regional fault structure, interpreted to be the LP Fault seen elsewhere at a regional level. Red Lake Gold is pleased to advise that the Box Target now represents its current highest priority target area at Whirlwind Jack on the basis of several exploration premises presently held by Red Lake Gold under its development as a target, including attribute (1) the below further discussed gold-in-soil anomaly highlights discovered down-ic...