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Hy Lake Gold Inc (CNSX: HYL) - in Brief
Hy Lake Gold Inc. is a CNSX exchange (CNSX: HYL) and Frankfurt (HYK) listed junior exploration company with several interests in the Red Lake region. Its strategy is focused on leveraging the ability of its talented exploration teams to recognize geological opportunities that are adjacent to previously big finds but are overlooked. It has a close working relationship with Goldcorp (GG: TSX) which is a great asset.The properties now include a 12-km long continuous strike length on the Pipestone-Bay- St Paul Bay deformation zone.
Investment Essentials - HYL.CN - Share Highlight
Investment Essentials - HYL.CN - Chart
Hy Lake Gold Inc (CNSX: HYL) - Investment Highlights
- Strategically located in the historic Red Lake gold camp: Hy Lake has assembled a 12 km long package of contiguous mining properties that are strategically located over the Pipestone Bay-St. Paul Bay deformation zone, a major, NW-SE trending regional structure which hosts a number of former producing gold mines. HYLK can be considered a "pure" Red Lake gold play.
- Sound Management: Aggressive, focused property acquisition and exploration program (e.g. Golden Tree, Pipestone Bay and South Jamie properties) based on application of expert knowledge of regional scale gold mineralization concepts.
- Strong working relationship with Goldcorp: This arises from the joint option with Goldcorp. We believe the relationship between Hy Lake and Goldcorp is developing into one similar to FNX/Vale Inco and FNI/Xstrata in the Sudbury camp
- Current Fair Value: On our "in-situ" mineral value, and through peer comparison, we believe Hy Lake is currently valued close to its fair market value of $0.43 per share.
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