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GoldON Resources Ltd.
Summary
| Project: | Slate Falls | |
|---|---|---|
| Deposit: | Sanderson Main, Sanderson East, Sanderson North, Trail | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 2/25/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-2-2020: GoldON Resources Ltd. announces an Exploration/Drilling Update report for its Sanderson Main, Sanderson East, Sanderson North, Trail deposit at the Slate Falls project. Drilling results incl. 0.24m @ 78.5g/t Au from 69.42m. VICTORIA, BC, Februa | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mike Kilbourne (Independent) | |
| ABSTRACT: | VICTORIA, BC, February 25, 2020 – GoldON Resources Ltd. (TSX-V: GLD) (“GoldON” or the “Company”) provides an overview of Phase I drill results from its 100% owned Slate Falls Gold-Silver property (the “Property”) located in the Patricia Mining Division between the Red Lake and Pickle Lake Gold Camps (see regional location map Figure 1). Numerous Au-Ag mineralized zones have been identified over the 13-kilometre breadth of the Property (see Figure 2) and the Phase I drilling program consisted of 1,006.5 meters in nine drill holes testing targets at the Trail Zone, and the Sanderson Main, East and North zones (see drill hole location map Figure 3 and new release of December 3, 2019 for drill target rationale). Analytical results from the drill program are summarized below. Drilling beneath the high-grade gold-silver showings (see news releases dated June 25 and July 17, 2019) confirmed the presence of multiple parallel quartz-carbonate biotite enriched shear zones with appreciable amounts of gold and silver. Every hole intersected mineralization and extended mineralization at depth from surface. The drilling also intersected new zones of mineralized shear previously undetected. | |
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