Metals
  • Gold$3,993.62/oz0.00%
  • Silver$53.90/oz+0.02%
  • Platinum$1,552.00/oz0.00%
  • Palladium$1,046.50/oz0.00%
  • Copper$6.48/lb0.00%
  • Aluminium$3,047/t+0.01%
  • Nickel$15,870/t+0.13%
  • Zinc$3,744/t−0.09%
  • Lead$1,895/t−0.49%
  • Lithium$14,542/t−0.04%
  • Cobalt$23.11/lb0.00%
  • Uranium$90.10/lb+0.02%
Indicative · 08:22 UTC · Prices by MetalCharts
Blog

Golden Lake Expands Drilling at Jewel Ridge NV

Golden Lake Exploration (CSE ) expands its drilling program to include the historic Sterling Tunnel mine at the Jewel Ridge property in Nevada, a key site within the prolific Battle Mountain-Eureka gold belt, known for its high-grade gold and silver mineralization.

Global edition
Golden Lake Expands Drilling at Jewel Ridge NV
Golden Lake Exploration, Sterling Tunnel mine

Golden Lake Exploration (CSE) has announced an expansion of its current drilling program at the Jewel Ridge property, now including the historic Sterling Tunnel mine. Located in the renowned Battle Mountain-Eureka gold belt in Eureka County, Nevada, this move adds to Golden Lake’s exploration efforts in one of the most prolific gold mining regions in the United States. The addition of the Sterling Tunnel mine to the company’s drilling program could unlock further high-grade mineralization, building on promising exploration results already recorded in the area.

Sterling Tunnel: A Key Addition to Golden Lake’s Exploration Strategy

The Jewel Ridge property, which is located near critical infrastructure and significant exploration projects by North Peak Resources Ltd. and i-80 Gold Corp., remains a central focus for Golden Lake. The newly added Sterling Tunnel mine features extensive underground workings and surface pits that have shown potential for high-grade carbonate replacement deposit (CRD) mineralization. Mineralization at this site is hosted in the altered and bleached Hamburg dolomite, with gold and silver occurring within structurally controlled gossan zones.

Golden Lake Exploration’s decision to include Sterling Tunnel in its expanded drilling program builds on earlier grab samples taken from the site, which yielded exceptional assay results. Some of the high-grade assays from the grab samples included:

  • 29.49 g/t gold, 181.00 g/t silver, 0.89% lead, and 0.40% zinc
  • 11.69 g/t gold, 333.00 g/t silver, 4.00% lead, and 0.61% zinc
  • 7.95 g/t gold, 223.00 g/t silver, 0.92% lead, and 1.44% zinc

While grab samples do not necessarily represent the overall mineralization across the property, these results highlight the potential for significant economic mineralization at Sterling Tunnel.

Promising Signs of High-Grade Mineralization

The Sterling Tunnel mine’s brecciated and altered dolomite hosts promising gold and silver mineralization, a feature that has drawn attention from Golden Lake’s exploration team. Structural features and the presence of gossan zones suggest the potential for fault zone replacement deposits, which are known to produce high concentrations of valuable minerals.

The expansion of the drill program marks the first time that the Sterling Tunnel mine will undergo diamond drilling. This new phase will help Golden Lake explore deeper into the promising mineralization zones and define the resource potential more accurately.

Drilling Program Details and Methodology

Golden Lake plans to initiate drilling at the Sterling Tunnel mine within the next week, with the program expected to last two to three days. The company’s analysis of the grab samples was performed at ALS Labs in Elko, Nevada, using industry-standard techniques. The fire assay method (Au-AA23) was used for gold, while the ME-MS61 method was employed for multi-element analysis. Over-limit samples were re-analyzed using the OG62 method to ensure precision.

By including Sterling Tunnel in the broader exploration strategy for Jewel Ridge, Golden Lake aims to unlock additional resources and enhance the property’s overall value. This new drill program will complement ongoing work across the site, which already hosts exploration activities by other prominent mining companies.

Unlocking New Opportunities at Jewel Ridge

Golden Lake Exploration’s decision to expand its drilling program at Jewel Ridge to include the Sterling Tunnel mine underscores its commitment to exploring the prolific Battle Mountain-Eureka gold belt. The upcoming drilling program is expected to provide valuable insights into the mineralization potential of the Sterling Tunnel, contributing to the broader success of the Jewel Ridge property. Investors and stakeholders can look forward to further updates as Golden Lake continues to advance this high-potential project.

About the author

Charles Pitts

Charles Pitts

Publisher & Lead Macro-Strategist

Charles Pitts is the publisher of Skillings Mining Review, the trade journal that has covered mining since 1912. He writes on the macro forces behind metal prices: commodity cycles, sovereign capital and the shifting sources of demand.

His current work argues that hyperscale AI, and the gigawatt-scale power its data centres need, is becoming a buyer of lithium and copper in its own right, competing with the automotive supply chain for tier-one reserves.


More from Skillings