As a new exploration play in the exceptionally prolific Abitibi Greenstone area, Gold Lakes (GLLK: OTCQB) represents compelling investment and takeover potential.
Gold has spiked over $1,300 for the first time in two years, and the Gold Miners ETF (GDX) has risen 50% since the start of 2016.
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.
This area of Northern Ontario and Quebec is comparable to Nevada's Carlin Trend.
The Abitibi Greenstone belt is an established gold mining district having produced over 100 mines and 180 million ounces of gold since 1901.