Gold Exploration Projects

Red Lake - Atikokan, Ontario

The Red Lake Mining District in northwestern Ontario has produced more than 29 million ounces of high grade gold, making this one of the largest and highest grade gold producing districts in the world.

Click here to learn more about the Red Lake Mining District.

Seagrave, Ontario

Seagrave is a strategic, unexplored block of claims in the Red Lake District. Greencastle has entered into an option agreement to earn an undivided 100% interest in the Seagrave property. The property consists of 131 claim units in the Birch-Uchi Greenstone Belt, Red Lake Mining District in northwestern Ontario and is approximately 12 kilometers south of the Springpole Gold Deposit of First Mining Gold Corp. (4.67 Moz Au Indicated and 0.23 Moz Au Inferred).

The terms of the agreement call for Greencastle to pay Gravel Ridge Resources Ltd. (50%) and 1544230 Ontario Inc. (50%) a total of $95,000 cash, issue a total of 600,000 shares of Greencastle, and complete a total of $350,000 in Exploration Expenditures to earn a 100% interest in the Property, subject to a 1.5% Net Smelter Return Royalty. Greencastle retains the option to purchase sole rights to 0.5% of the 1.5% Net Smelter Return Royalty from the vendors for a payment of $500,000.

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Battle Mountain Trend, Nevada

Nevada is the top gold producing state and responsible for over 6% of the world’s production. Jewel Ridge and Indian Creek are strategically located on the Battle Mountain Trend, which has produced more than 65 million ounces of gold and continues to produce nearly 2 million ounces annually.

Jewel Ridge, Eureka, NV

Jewel Ridge is adjacent to the recently productive, Carlin-style, Archimedes Gold Mine. Greencastle has granted an option to purchase Jewel Ridge to Golden Lake Exploration Inc. (CSE: “GLM”).  

Golden Lake can acquire the Jewel Ridge property by paying Greencastle $155,000 in cash, issuing five million Golden Lake shares and spending $750,000 on the property over three years (subject to an NSR of 1 per cent on various claims and leases).


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More on Golden Lake and Jewel Ridge here.

Indian Creek, NV

With improved gold prices, options are being considered to advance Indian Creek. Located 5 miles north of the Pipeline mine in the heart of the highly productive Battle Mountain trend, Nevada. Previous RC drilling 17.7 g/t gold and 130 g/t silver over 1.52 m.