Gold Lakes has recently acquired 100% interest in 31 claims in the Abitibi Greenstone Belt region. The new acquired land will be known as “The Ponderosa”.
The Ponderosa property consists of 329 claim units encompassing over 13,000 acres and is located in the townships of Frecheville, Stoughton and the Mistaken Islands of Ontario, Canada.
This new acquisition brings Gold Lakes total land holdings in the area to over 15,000 acres.
The company plans to conduct an airborne survey over the Ponderosa claims in the coming months. This airborne survey will tie in with the air borne survey that was previously completed on the Big Monty, to identify specific drill targets.
In addition, GLLK management intends to prove that the Holt property gold system continues onto its claims.