Hy Lake Gold

Published : May 05th, 2016

Exploration Drilling To Commence In June Targeting Structural Intersection Potential - Red Lake District

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Gold Mines | Iron | Mines | Silica |

Exploration Drilling To Commence In June Targeting Structural Intersection Potential - Red Lake District

EXPLORATION DRILLING TO COMMENCE IN JUNE TARGETING STRUCTURAL INTERSECTION POTENTIAL - RED LAKE DISTRICT

West Red Lake Gold Mines Inc. ('West Red Lake Gold' or the 'Company') (CSE: RLG) (FWB: HYK) (OTC: HYLKF) announces the Summer 2016 exploration plan for the Company's 3100 hectare West Red Lake Project located in the Red Lake Gold District, 20 km west of Balmertown, Northwest Ontario, Canada.

Beginning early June the Company plans to drill approximately ten drill holes to follow up on the recent result of 69.55 grams over 1.50 metres from RLG Hole 15-24 reported March 15, 2016. The purpose of the early stage exploration drill program is to identify and follow east-west trending gold zones eastwards to the intersection of two regional gold bearing structures, referred to as the Structural Intersection. The intersection of two regional structures creates potential for significant gold deposition in the geological folds and fractures which typically occur in association with such an intersection.

Drilling will start in the area of Hole RLG 15-24 and successive drill holes will move progressively to the east over a distance of approximately 500 metres. The first four or five drill holes are planned to be drilled to the north from surface with a drill angle at 45 degrees to depths ranging from 100 metres to 250 meters below surface. The angle and attitude of the balance of the exploration drill holes may be adjusted as the geological structure is followed further to the east, and then into the intersecting structure.

The area to be explored lies within the east-west trending regional shear structure known as the Pipestone Bay-St Paul Deformation Zone (the 'PBS Zone'). Gold zones are hosted within a sequence of hydrothermally altered mafic volcanics with intercalated felsic volcanics and porphyries as well as ultramafics. The gold mineralization is associated with quartz veining and increased iron sulphide mineralization.

The regional scale PBS Zone intersects with the NT Zone which crosses on to the West Red Lake Project from the south boundary and trends north-east across the Company property for 2km to where it intersects with the PBS Zone. The NT Zone is a large scale alteration/deformation zone. The scale and style of the iron-carbonate alteration within the NT Zone is considered to be associated with large multi stage hydrothermal systems. High grade gold mineralization in the NT Zone is associated with silica/sulphide replacement of the ironcarbonate zones within altered volcanic and sedimentary rocks.

The Company property is situated on the Red Lake Archean Greenstone Belt which hosts the high grade gold mines of the Red Lake Gold District. The PBS Zone strikes east-west across the 12 km length of the property, and then continues east towards the town of Red Lake. A second gold bearing regional structure, the Golden Arm Structure and associated NT Zone, trend on to the property from the southwest and trend toward and then intersect with the PBS Zone (the 'Structural Intersection') approximately 1 km east of the Rowan Mine zones. Twenty km to the east a similar geologically important intersection of two regional gold bearing structures occurs proximal to the world class Red Lake Mine and Campbell Mine, providing a highly favourable geological model and illustrating the significant exploration potential for high grade gold zones on the Company's West Red Lake Project.

The information presented in this news release has been reviewed and approved by Ken Guy, P.Geo., a consultant to West Red Lake Gold and the Qualified Person for exploration at the West Red Lake Project property, as defined by National Instrument 43-101 'Standards of Disclosure for Mineral Projects' ('NI 43-101').

________________________________________________________________________________________________
West Red Lake Gold Mines Inc. is a Toronto-based minerals exploration company focused on gold exploration and development in the prolific Red Lake Gold District of Northwest Ontario, Canada. The Red Lake Gold District is host to some of the richest gold deposits in the world and has produced 30 million ounces of gold from high grade zones. The Company has assembled a significant property position totalling 3100 hectares in west Red Lake (the 'West Red Lake Project') which contains three former gold mines. The Mount Jamie Mine and Red Summit Mine properties are 100% owned by the Company and the Rowan Mine property is held in a 60%-owned joint venture with Red Lake Gold Mines, a partnership of Goldcorp Inc. and Goldcorp Canada Ltd. The West Red Lake Project property covers a 12 kilometre strike length along the Pipestone Bay-St Paul Deformation Zone and the Company plans to continue to explore the property both along strike and to depth. To find out more about West Red Lake Gold, please visit our website at http://www.westredlakegold.com.
_________________________________________________________________________________________________

For more information, please contact: John Kontak, President and Acting CFO, Phone: 416-203-9181 Email: [email protected]

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. Certain statements contained in this news release constitute 'forward looking statements'. When used in this document, the words 'anticipated', 'expect', 'estimated', 'forecast', 'planned', and similar expressions are intended to identify forward looking statements or information. These statements are based on current expectations of management, however, they are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the forward-looking statements in this news release. Readers are cautioned not to place undue reliance on these statements. West Red Lake Gold does not undertake any obligation to revise or update any forward- looking statements as a result of new information, future events or otherwise after the date hereof, except as required by securities laws.

1 Files
>>>> Download all files

West-Red-Lake-Gold-Mines-Inc.-News-Release-May-3-2016.pdf

Read the rest of the article at www.publicnow.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

EXPLORATION STAGE
CODE :
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Hy Lake Gold is a gold exploration company based in Canada.

Its main exploration properties are RED SUMMIT, GOLDEN TREE, ROWAN LAKE, PIPESTONE BAY, MT. JAMIE and SOUTH JAMIE in Canada.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of
8/6/2016West Red Lake Gold Mines Closes $1,300,000 Financing
Corporate news of
6/10/2016RLG Commences Exploration Drilling Targeting The Structural ...
5/31/2016West Red Lake Gold Warrant Funding
5/30/2016West Red Lake Gold Warrant Funding
5/5/2016Exploration Drilling To Commence In June Targeting Structura...
4/6/2016West Red Lake Gold Mines Closes $575,000 Financing
3/30/2016West Red Lake Gold Announces Change Of Corporate Address
1/21/2016Management Cease Trade Order Update
1/16/2016West Red Lake Gold Exploration Update and MCTO Update
1/7/2016West Red Lake Gold Exploration Update And Mcto Update
1/6/2016West Red Lake Gold Mines Completes $120,000 Financing
1/4/2016West Red Lake Gold Announces Grant Of Management Cease Trade...
1/4/2016Disclosure On West Red Lake Project Property
12/29/2015West Red Lake Gold Mines News Release December 24 2015
12/24/2015DISCLOSURE ON WEST RED LAKE PROJECT PROPERTY
11/3/2015West Red Lake Gold Exploration Plan For Fall 2015
10/31/2015WEST RED LAKE GOLD EXPLORATION PLAN FOR FALL 2015
8/17/2015West Red Lake Gold Mines Completes $308,000 Financing
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (HYL.V)FRANKFURT (HYK.F)
0.029+0.00%
Prev close Open
Low High
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  - -
Volume 1 month var.
-
Produces
Develops
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2022-12.12%0.050.01
2021-26.67%0.070.03
202050.00%0.140.01
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 6.69-0.15%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 8.30+2.78%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.61+3.40%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06-8.33%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
 2.11+1.44%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 13.07+0.62%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
 0.30+7.14%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
 0.20+2.56%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 2.20+1.38%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 39.01-0.26%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.10-4.55%Trend Power :
Sun Res.(Oil)SUR.AX
Released ASX Announcement: Quarterly Activities Report
AU$ 0.00+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.