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GoldON Resources Outlines 2014 Exploration Plans for its Swayze Gold Project in the Porcupine Mining

21.05.2014  |  FSCwire
GoldON Resources Outlines 2014 Exploration Plans for its Swayze Gold Project in the Porcupine Mining Division of Ontario

Swayze Project consists of three non-contiguous properties that adjoin or are surrounded by Trelawney-IAMGOLD's multi-million ounce Cote Gold Project


Victoria, British Columbia CANADA, May 21, 2014 /FSC/ -GoldON Resources Ltd. (TSX-V: GLD) is pleased to provide an outline of its 2014 exploration plans for its 100% owned Swayze gold properties (the "Swayze Project") located approximately halfway between Timmins and Sudbury, in the Porcupine Mining Division of Ontario. The Swayze Project consists of three non-contiguous properties, the Chester, Mollie River and Neville-Potier claim blocks, that adjoin or are surrounded by Trelawney Mining and Exploration Inc., ("Trelawney") multi-million ounce Cote Gold Project.

This year's work will continue to focus on a portion of the Neville-Potier Claims ("NP Claims") covered by a geophysical feature of particular significance. The feature is a major magnetic low that includes the historical Chester gold operations, Trelawney's Cote Gold deposit and extends north into the NP Claims as shown on the Aeromag map (see slide 15 of the GoldON presentation available at www.goldonresources.com).

Trelawney, a subsidiary of IAMGold Corp. ("IAMGOLD"), is the operator of this year's work program on the NP Claims.

Work began in February with a follow-up IP/resistivity survey completed to better define the geological, geophysical and structural features interpreted as worthy of drill testing. Final interpretations of the Survey results are pending and geological verification of the specific geophysical responses will be carried out this summer as required. Diamond drilling will also be carried out this fall that will be more focused on testing a few anomalies delineated in the target area. GoldON will provide more detailed information as it becomes available.


About GoldON Resources Ltd.

GoldON Resources Ltd. is an exploration company geographically focused on two of the prolific gold mining belts of Ontario, Canada. Its properties include the Slate Falls and Pickle Lake gold properties in northwestern Ontario and the Swayze Gold Property adjoining Trelawney-IAMGOLD's multi-million ounce Cote Gold Project in the Swayze Greenstone Belt.

For more information, visit www.goldonresources.com


ON BEHALF OF THE BOARD

Signed "Michael Romanik" 
Michael Romanik, President


Direct line: (204) 724-0613
Email: info@goldonresources.com



Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the press release as a PDF, please click on the following link:
http://www.fscwire.com/sites/default/files/news_release_pdf/goldon05212014.pdf
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