Suche
 
Folgen Sie uns auf:

GoldON Provides Overview of 2014 Exploration Activity on the Mollie River Portion of its 100% Owned Swayze Gold Project in the Porcupine Mining Division of Ontario

23.10.2014  |  FSCwire

Victoria, British Columbia (FSCwire) - GoldON Resources Ltd. (TSX-V: GLD) (“GoldON” or the “Company”) is pleased to provide an overview of 2014 exploration work completed on its Mollie River property (the “Property”), located approximately halfway between Timmins and Sudbury, in the Porcupine Mining Division of Ontario (See: Figure 1). The Property is part of GoldON’s 100% owned Swayze Gold Project and is one of three non-contiguous claim blocks (Chester, Mollie River and Neville-Potier) that adjoin or are surrounded by the multi-million ounce Côté Gold Project owned by Trelawney Mining and Exploration Inc. (“Trelawney”), a subsidiary of IAMGold Corp..

Work on the Property to date in 2014 has consisted of a surface exploration program designed to discover new gold mineralization and mineralized structures. This program included mapping and prospecting of the Chester Granitoid Complex (the “CGC”) rocks that underlie the Property and are similar in character and alteration to the rocks hosting the Côté Gold Deposit (7.61 million gold ounces). The program recognized two regional structural targets, each of which has the potential to host strata-bound gold mineralization sandwiched between gabbro and tonalite (See: Figure 2). Anomalous gold values up to 192 ppb Au were returned for over 300 meters along a logging road. The silicified hydrothermal alteration of the host rock within the CGC is similar to that of the Côté Gold Deposit.

The geological environment on the Property has the potential for a new discovery along linear structures, which remain untested at depth. The most southern of these structures is of higher priority because of its untested, coincident characteristics: 1) an airborne VLF-EM zone for 550 meters in an east west direction, 2) a sub-circular airborne magnetic low, which measures approximately 0.5 by 0.5 kilometers (km); and 3) the presence of a topographic recessive area marked by a swampy area around two lakes.

Additional exploration work is recommended on the Property that includes winter line-cutting ground magnetic surveying, and pole-dipole induced polarization (IP) surveying transects on both regional structures. This would entail 6.5 km of line-cutting and magnetic survey and 6.0 km of pole-dipole IP.

Andrew Nevin, Ph.D., P.Eng., and Qualified Person as defined by National Instrument 43-101, and has reviewed and approved the information contained in this news release on behalf of the Company.

The Mollie River property consists of 37 units covering 592 hectares. Access and infrastructure are excellent, with the Property’s westernmost claim located approximately 8 km east of the Côté Gold Project camp.

About GoldON Resources Ltd.

GoldON Resources Ltd. is an exploration company geographically focused on two of the prolific gold mining belts of Ontario, Canada. The Company’s properties include the Slate Falls Gold-Silver Property in northwestern Ontario and the Swayze Gold Project adjoining IAMGOLD’s multi-million ounce Côté 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 this press release as a PDF file, click onto the following link:
public://news_release_pdf/GoldONOct232014.pdf
Source: GoldON Resources Ltd. (TSX Venture:GLD) http://goldonresources.com/

Maximum News Dissemination by FSCwire. http://www.fscwire.com

Copyright © 2014 Filing Services Canada Inc.



Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!




Mineninfo
GoldON Resources Ltd.
Bergbau
A1436T
CA38147L2066
Minenprofile
Alle Angaben ohne Gewähr! Copyright © by GoldSeiten.de 1999-2024.
Die Reproduktion, Modifikation oder Verwendung der Inhalte ganz oder teilweise ohne schriftliche Genehmigung ist untersagt!

"Wir weisen Sie ausdrücklich auf unser virtuelles Hausrecht hin!"