VANCOUVER, BC / ACCESSWIRE / September 18, 2019 / Red Lake Gold Inc. (CSE:RGLD) (FWB:P11)("Red Lake Gold" or the "Corporation") is pleased to report that it has commenced inaugural exploration of its Whirlwind Jack Gold Project situated near Red Lake, Ontario. The Corporation's Whirlwind Jack Gold Project is adjacent to and geologically along strike of the Dixie Gold Project being advanced by neighbouring exploration company Great Bear Resources Ltd.
"Red Lake Gold is the largest owner of mineral claims in the emerging Dixie/LP Fault exploration district. Our initial focus related to securing our property position and now it is time for our company to move into the active exploration phase of our Whirlwind Jack Gold Project, a project that has seen no structured exploration in more than a generation. Deploying geologists into the field marks an important transition point for Red Lake Gold from not only owning highly prospective tenure but also beginning to advance and explore that ground. The potential for discovery is now ahead of us and we look forward to making additional exploration program announcements in the near future," stated Ryan Kalt, Chief Executive Officer of the Corporation.
Exploration Update - Field Program Underway
Red Lake Gold reports that multiple geological personnel have been mobilised to conduct preliminary structural and stratigraphic investigations on the Whirlwind Jack Gold Project, a district-scale exploration opportunity comprising 211.8 km2.
Of importance, the tenure now consolidated by Red Lake Gold into the Whirlwind Jack Gold Project has altogether received negligible historical drilling, as well as no systematic exploration of any form in over 35 years.
The Corporation is of the view that the recently identified LP Fault structure extends onto its Whirlwind Jack Gold Project and that it may be important to potential gold mineralization at a district-scale level.
The phase one field program will, among other objectives, prospect and map multiple target areas which the company has pre-identified from ongoing research as potentially intersecting the interpreted strike-extent of the LP Fault structure and areas of potential outcrop (which are more prevalent on the project based on historic government mapping and prior industry work than at adjoining projects). The focus of the current program is associated with the eastern portion of the Whirlwind Jack Gold Project.
For more information on the Whirlwind Jack Gold Project, please visit:
https://redlakegold.ca/whirlwind-jack-gold-project
The Corporation cautions that past results or discoveries on the adjacent property (i.e. Dixie) may not necessarily be indicative as to the presence of mineralization on the Corporation's property (i.e. Whirlwind Jack).
Qualified Person
Toby Hughes, P.Geo., P.Geol., is the Qualified Person as defined in Canadian National Instrument- 43-101, who has reviewed and is responsible for the technical information presented in this news release.
On Behalf of the Board of Directors
Ryan Kalt
Chairman & Chief Executive Officer
Email: info@redlakegold.ca
Forward-Looking Statements
This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently expected or forecast in such statements.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Red Lake Gold Inc.
View source version on accesswire.com:
https://www.accesswire.com/560110/Red-Lake-Gold-Inc-Commences-Field-Exploration-at-Whirlwind-Jack-Gold-Project
