Gold Lakes Corp. (OTC Pink: GLLK) is engaged as a mining exploration and development company. Shares of the mining company are jumping 50%, through afternoon trading on Tuesday, April 11, 2017. Over the past month, Gold Lakes Corp. has seen average daily volume of 184.97 million shares. However, volume of 217.37 million shares or dollar volume of $130,422, has already exchanged hands on Tuesday.
Shares of Gold Lakes Corp. are surging today, after the company provided a shareholder update. Management notes that they plan to press forward with the phase 2 program at the Big Monty Property. Furthermore, the company hopes to begin phase 1 drilling at its Ponderosa Property by this summer. Here is the full press release detailing of the drilling program updates:
Gold Lakes Corp. Press Release:
Beachwood, Ohio, April 10, 2017 (GLOBE NEWSWIRE) — Gold Lakes Corp., (OTC PINK: GLLK) an exploration stage Blue-Sky company that specializes in acquiring and developing mining assets is excited that Spring has arrived and with the warmer weather, we will continue with Phase 2 of the work program on the Big Monty Property.
Phase 2 of the exploration program will entail line-cutting, geophysical work, assaying and diamond drilling.
“We are looking forward to this summer and making new discoveries on the Big Monty Property, and also drafting the plans to start Phase 1 on the Ponderosa Property.” stated Christopher Vallos, CEO of Gold Lakes Corp.
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. which was purchased by Kirkland Lake Gold Inc.
The Ponderosa property consists of 329 claim units encompassing 13,008 acres and is located in the townships of Frecheville, Stoughton and the Mistaken Islands of Ontario Canada.
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.
All current and potential shareholders are encourage to download the investor brief at http://goldlakes.com/docs/gllk_iib.pdf
About Gold Lakes Corp.:
Gold Lakes Corp. is an exploration stage Blue Sky company that specializes in acquiring and developing mining assets. The Company primary asset is known as the “Big Monty” property, located in the prolific Abitibi Greenstone Belt region, in Ontario, Canada. The Big Monty property is bordered by producing gold mines and is situated within the Porcupine-Destor Fault Zone “PDFZ” and Larder Lake Cadillac Fault Zone. For more information please visit: www.goldlakes.com
Forward Looking Statements: This news release includes “forward looking statements”, as that term is defined in Section 27A of the Unites States Securities Act of 1933, as amended, and Section 21E of the United States Exchange Act of 1934, as amended, that are subject to assumptions, risks and uncertainties. Statements in this news release that are not purely historical are forward looking statements, including without limitation any statements concerning the Company’s intentions, plans, estimates, expectations or beliefs regarding the future. Although the Company believes that any forward looking statements in this news release are reasonable, there can be no assurance that any such forward looking statements will prove to be accurate. The Company cautions readers that all forward looking statements, including without limitation those relating to the Company’s future operations and business prospects, are based on assumptions none of which can be assured, and are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated in the forward looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward looking statements.
Any forward looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward looking statements, or to update the reasons why actual events or results could or do differ from those projected in the forward looking statements. Except as required by law, the Company assumes no obligation to update any forward looking statements, whether as a result of new information, future events or otherwise.