Nov 9 2016
Gold Lakes Corp., (OTCQB: GLLK) an exploration stage Blue-Sky company that specializes in acquiring and developing mining assets announces that the Company has received approval of the exploration work permit plan to the Ontario Ministry of Northern Development and Mines (MNDM).
The exploration permit # PR-16-10942 is effective for a period of three (3) years. This approval allows Gold Lakes to continue its development and begin phase 2 of the Big Monty Claims.
Phase 2 of the exploration program will entail assaying and diamond drilling of geological and geophysical targets of up to 10 holes totaling 3000 meters.
The first stage of phase 2 will entail line cutting of the area. Line cutting is often the first exploration work done on a claim. It involves clearing vegetation and bushes and cutting a main base line through the middle of the mining claim with a series of grid or wing lines running off of the base line at 90-degree angles.
The "Big Monty" property consists of 72 mining claim units totaling 2,846 acres and is located in the prolific Abitibi Greenstone Belt region, in the Frecheville township of NE Ontario Canada. The Big Monty property is near existing producing gold mines, and borders property owned by Harte Gold Corp and St Andrew Goldfields Ltd. who was recently bought for $178 million CAD by Kirkland Lake Gold Inc.
Gold Lakes Corporation strategy is to identify and acquire prospective properties in well-mineralized mining areas and advancing these properties toward making new discoveries within the Abitibi Greenstone Belt. For slightly over a century, the legendary Abitibi-Greenstone belt has produced hundreds of billions of dollars' worth of mostly gold, silver, copper and zinc.
All current and potential shareholders are encourage to download the investor brief at http://goldlakes.com/docs/gllk_iib.pdf
Source: http://www.goldlakes.com/