(TheNewswire)
Vancouver, British Columbia – TheNewswire - April 19 , 2024 - Red Lake Gold Inc. (CSE:RGLD)(“ Red Lake Gold ” or the " Corporation ") announces that it has retained Thunder Bay-based FladgateExploration Consulting Corporation (“Fladgate”) to design andperform an upcoming field exploration program at its Whirlwind JackGold Project near Red Lake, Ontario.
“Red Lake Gold is pleased to engage FladgateExploration, which brings experienced geologists and a proventrack-record of executing field work in the region where our WhirlwindJack Gold Project is located,” stated Ryan Kalt, Chief ExecutiveOfficer of the Corporation.
Based on its geophysical exploration work to-date, RedLake Gold believes that its Whirlwind Jack Gold Project may host awesterly extension of an important regional fault, commonly referredto as the LP Fault, which has been identified on mining claims thatadjoin the Whirlwind Jack Gold Project. Red Lake Gold is seeking todetermine if gold endowment also exists at its Whirlwind Jack GoldProject within the potential area of this interpreted westerlyextension. To views held by the Corporation, the exploration programis expected to focus on a significant mag low corridor situated withinthe Whirlwind Jack Gold Project, which itself adjoins the Great BearProject being advanced by Kinross Gold Corporation.
Red Lake Gold expects that the field explorationprogram will be primarily funded using proceeds from its recentlyclosed flow-through financing (see news release, Red Lake Gold Inc.Closes Financings, dated April 5, 2024). As previously reported, theCorporation is in the ongoing process of refining and resizing theinitial scale of its Whirlwind Jack Gold Project to more effectivelyexplore areas of prioritized interest that are situated in closestproximity to the adjoining Great Bear Project, as well as toproactively adjust for other regional interests.
The anticipated exploration program outlined by thisnews release is expected to be the second exploration programperformed by Red Lake Gold since it fully resolved operatorship of theWhirlwind Jack Gold Project last year (see also news release, Red LakeGold Inc. Engages ProspectAir for a TDEM Exploration Survey atWhirlwind Jack, dated July 20, 2023).
The Corporation shall endeavor to update shareholderson the implementation of the expected field program in the ordinaryand appropriate course.
The Corporation cautions that theexploration potential of and any exploration results from theWhirlwind Jack Gold Project may differ, materially, from explorationresults of adjoining and/or regional projects, including but notlimited to the adjacent Great Bear Project being advanced by KinrossGold Corporation.
Qualified Person
The technical information in this news release has beenreviewed and approved by Michael Thompson, P.Geo, Fladgate ExplorationConsulting Corporation’s President, who is a Qualified Person asdefined by National Instrument 43-101 and responsible for thetechnical information for this phase of exploration on the WhirlwindJack Gold Project.
About Red Lake Gold Inc.
Red Lake Gold Inc. is a Vancouver-based junior miningexploration company, traded on the Canadian Securities Exchange (CSE)under the symbol “RGLD”. For more information, please visitwww.redlakegold.ca.
The Corporation is subject to various risks anduncertainties, including those risks and uncertainties set out in itspublic filings, such public filings generally being available, withoutlimitation, through SEDAR+ (www.sedarplus.ca) and the Corporation’sDisclosure Hall on the CSE website(thecse.com/listings/red-lake-gold-inc/#disclosure).
On Behalf of the Board ofDirectors
Ryan Kalt
Chief Executive Officer
T: 604.687.2038
Email: info@redlakegold.ca
Forward-Looking Statements
This news release contains forward-looking statements. Forward-lookingstatements address future events and conditions and therefore involveinherent risks and uncertainties, including but not limited to theCorporation’s intention to conduct exploration work at its WhirlwindJack Gold Project, the timing and completion of such exploration workand the results of such exploration work to the extent such work issuccessfully completed, as well as to the general explorationpotential of the Whirlwind Jack Gold Project held by the Corporation.Actual results may differ materially from those currently expected orforecast in such statements.
Neither the CSE nor its RegulationServices Provider (as that term is defined in the policies of the CSEExchange) accepts responsibility for the adequacy or accuracy of thisrelease.
Copyright (c) 2024 TheNewswire - All rights reserved.