Gold Lakes Corp. Auditor Raises 'Going Concern' Doubt

Gold Lakes Corp. is an exploration-stage company. The Company is engaged in the business of exploring, mining and developing of precious metals and primarily gold. The Company's properties include big monty property and ponderosa property. As of July 31, 2016, the big monty property consisted of seven claims totaling 2,846 acres and was located approximately 70 kilometers north of Kirkland Lake, Ontario, and 68 kilometers east of Timmins, Ontario. The Company focuses on conducting exploration activities on the big monty claims. As of July 31, 2016, the ponderosa property consisted of 329 claim units encompassing over 13,000 acres and was located in the townships of Frecheville, Stoughton and the Mistaken Islands of Ontario, Canada. As of July 31, 2016, the Company had not generated any revenues.