Red Lake Exploration Inc. RLKX Archives - Page 2 of 2

ThursdayMar 20, 2008 4:08 am

Red Lake Exploration, Inc. (RLKX.OB) Experiences Record Trading Volume

In today’s volatile market, investors are looking for somewhere safe to put their money. Gold and other minerals have always been the first haven for investors in time of economic trouble. This time is no different; gold last week hit an all-time high of over $1000 dollars an ounce. Other minerals are trending upward as well. All of this is good news for Redlake Exploration. Yesterday, the stock traded at a record volume, or 330% higher than the average. As of late last year, the company began mining exploration in the third region of Chile. The company acquired Minera Polymet…

WednesdayMar 19, 2008 6:43 pm

Red Lake Exploration, Inc. (RLKX.OB) Announces Options to Purchase Santa Rosa and Camila Mineral Properties in Chile

Red Lake Exploration, Inc. (RLKX.OB), a company engaged in the acquisition, exploration and development of natural resource properties in Chile, recently announced that it has acquired options on the Santa Rosa and Camila mineral properties. Both properties have identified drill targets, and planning for upcoming drilling is underway. The Santa Rosa property, located in the highly prospective Candelaria Iron Oxide Copper Gold (IOCG) Belt, is comprised of two mensura mining and exploration concessions totaling 110 hectares. Multiple mineralized structures with significant alteration indicators of IOCG systems have been identified in the area. Ore from the property is being sold to…

WednesdayMar 19, 2008 8:26 am

Red Lake Exploration, Inc. (RLKX.OB) – Due Diligence That Pays off

In the investing world, a phrase we often hear is "due diligence", and rightfully so. If one doesn't do their "DD", there's a good chance that the investment might go sour. So, just what is Due Diligence? A glance at the dictionary shows us this: "the care that a prudent person might be expected to exercise in the examination and evaluation of risks affecting a business transaction". Okay, that's a good baseline. We can further expand our definition based on a Wikipedia entry: "A common example of due diligence in various industries is, the process through which a potential acquirer…

TuesdayMar 18, 2008 12:53 pm

Red Lake Exploration, Inc. (RLKX.OB) Announces Exploration Program At Camila Copper-Gold Project in Chile

Red Lake Exploration, Inc. (RLKX) announced today that the company has begun exploring the Camila Breccia, a copper-gold project in the Candelaria iron-oxide-copper-gold (IOCG) belt of Chile’s costal cordillera. The exploration will entail six drillholes totaling approximately 1000 metres of diamond drilling on two previously identified mineralized structures. The Camila Breccia is an early-stage exploration project that was last explored in the late 1990s by Trilogy Metals, Inc. Previous work included a property-wide geological mapping and sampling program and a geophysics IP (induced polarization) survey. Two mineralized structures were identified from this work: the El Zorro Vein and the Camila…

TuesdayMar 18, 2008 5:38 am

Red Lake Exploration, Inc. (RLKX.OB) – Modern Day Treasure Hunting!

The investing landscape has certainly changed over the last two years, and the news of the Bear Sterns Company being sold to JP Morgan for just 2 dollars a share certainly exemplifies how dramatic the changes can be. For years, investors gorged themselves on financial assets and esoteric derivatives, but this run has come to an end with the implosion of the subprime mortgage market. Once it was shown that a lot of companies were holding paper assets with no true way to value them, the credit markets seized up, leading to a mass exodus out of all those mark…

MondayMar 17, 2008 5:38 am

Red Lake Exploration, Inc. (RLKX.OB) Begins Exploration Program at the Camila Copper-Gold Property in Chile

Red Lake Exploration announced that it has begun exploring its copper-gold rich project in the Candelaria iron-oxide-copper-gold (IOCG) belt of Chile's coastal cordillera. The exploration program includes the drilling of six holes, totaling about 1,000 metres (or 3,280 feet) of diamond drilling on two previously discovered mineralized structures. The drilling will focus on depth extents of surface copper mineralization and coincident IP anomalies related with the Camila Breccia project. Grab samples from the region have returned 1.15% Cu. Also planned is a second target along the El Zorro Vein which is anticipated to intercept depth and strike extents of the…

FridayMar 14, 2008 5:20 am

Red Lake Exploration, Inc. (RLKX.OB) Announces Promotion through QualityStocks.net

Red Lake Exploration, Inc. will be featured in upcoming Daily Newsletters, Daily Blogs, Message Boards, and the Small Cap Daily Internet broadcasts put out by QualityStocks. QualityStocks has over 600,000+ subscribers to The Daily Stock Newsletter, which is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters and puts it all into one Free Daily Newsletter Report. John DiCicco, CEO of Red Lake Exploration, has the company focused on acquiring, exploring and developing natural resource properties in Chile. Mr. DiCicco stated, “Red Lake Exploration has established a unique and solid business foundation in Chile,…

FridayMar 14, 2008 4:43 am

Mining Exploration Company Red Lake Exploration, Inc. (RLKX.OB) sees Great Potential in Chilean Hills

The company is buying up old Mines in the Chiles III region, with the intention to use present day mining techniques to extract copper, gold, and silver. Many of the Mines date back to the 16th century and were abandoned many years ago in favor of the large inland deposits, but using today’s advanced mining methods, the company believes these mines hold large deposits of Gold, Silver and Copper waiting to be extracted. Gold is currently trading at the highest price it has ever traded at, hitting a record high of over $1000 dollars an ounce yesterday. This is driven by…

WednesdayMar 12, 2008 5:38 pm

Red Lake Exploration, Inc. (RLKX.OB) is "One to Watch"

Red Lake Exploration, Inc. (RLKX.OB) is focused on acquiring, exploring and developing mineral properties in Chile. The Company’s headquarters are located in Richmond, Canada. Its primary project, the Farellon property, is situated in the promising Canadalaria Iron Oxide Copper Gold belt. The Management team, comprised of John Di Cicco, Caitlin Jeffs, and Michael Thompson, has great experience working within the mineral exploration industry. Caitlin Jeffs received her Honours B.Sc. in Geology from the University of British Columbia and has worked for a number of junior and major companies in both gold and base metal exploration. The majority of her experience…

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