Drilling Underway at GoldON's West Madsen Gold Project in Ontario's Red Lake Camp
GoldON Resources (TSXV: GLD) has announced the start of exploration drilling at its 100%-owned West Madsen gold property in Ontario's Red Lake Gold District. The 5,988-hectare property is strategically located near West Red Lake Gold Mines' (WRLG) Madsen gold mine, which is expected to restart production in 2025. Previous drilling by GoldON discovered gold mineralization in felsic intrusive rocks, with hole WM-21-22 intersecting a 195-metre zone of consistent low-grade gold mineralization.
The new drilling phase will focus on Block A, where the company has identified potential for a proximal gold system. GoldON's exploration strategy is influenced by Great Bear's success at the Dixie property, which led to a $1.8 billion acquisition by Kinross Gold Corp. The company's drill target development is led by Andrea Diakow, P.Geo., former exploration manager at Great Bear.
GoldON Resources (TSXV: GLD) ha annunciato l'inizio della perforazione esplorativa presso il suo proprietà aurifera West Madsen, di cui detiene il 100%, situata nel distretto aurifero di Red Lake, Ontario. La proprietà, che si estende su 5.988 ettari, è strategicamente posizionata vicino alla miniera d'oro Madsen di West Red Lake Gold Mines (WRLG), la cui produzione è prevista ripartire nel 2025. Le precedenti perforazioni effettuate da GoldON hanno scoperto mineralizzazione d'oro in rocce intrusive felsiche, con il foro WM-21-22 che ha intersecato una zona di 195 metri di mineralizzazione consistente a basso grado d'oro.
La nuova fase di perforazione si concentrerà sul Blocco A, dove l'azienda ha identificato un potenziale sistema aurifero prossimo. La strategia esplorativa di GoldON è influenzata dal successo di Great Bear presso la proprietà Dixie, che ha portato a un'acquisizione di 1,8 miliardi di dollari da parte di Kinross Gold Corp. Lo sviluppo degli obiettivi di perforazione dell'azienda è guidato da Andrea Diakow, P.Geo., ex responsabile esplorativo di Great Bear.
GoldON Resources (TSXV: GLD) ha anunciado el inicio de la perforación de exploración en su propiedad de oro West Madsen, de la cual posee el 100%, situada en el distrito de oro de Red Lake, Ontario. La propiedad de 5,988 hectáreas se encuentra estratégicamente ubicada cerca de la mina de oro Madsen de West Red Lake Gold Mines (WRLG), que se espera que reinicie la producción en 2025. Perforaciones anteriores realizadas por GoldON descubrieron mineralización de oro en rocas intrusivas felsicas, con el agujero WM-21-22 intersecando una zona de 195 metros de mineralización de oro de bajo grado consistente.
La nueva fase de perforación se centrará en el Bloque A, donde la compañía ha identificado un potencial sistema aurífero próximo. La estrategia exploratoria de GoldON está influenciada por el éxito de Great Bear en la propiedad Dixie, que llevó a una adquisición de 1.8 mil millones de dólares por Kinross Gold Corp. El desarrollo de los objetivos de perforación de la compañía está liderado por Andrea Diakow, P.Geo., ex gerente de exploración de Great Bear.
GoldON Resources (TSXV: GLD)는 온타리오 레드 레이크 금 지구에 위치한 100% 소유의 웨스트 매드센 금 속성에서 탐사 드릴링을 시작한다고 발표했습니다. 5,988 헥타르의 이 속성은 2025년 생산 재개가 예상되는 웨스트 레드 레이크 골드 마인의 매드센 금광 근처에 전략적으로 위치하고 있습니다. GoldON의 이전 드릴링은 침입성 화성암에서 금 광물을 발견했으며, WM-21-22 홀은 일관된 저급 금 광물화가 나타나는 195미터 구역을 관통했습니다.
새로운 드릴링 단계는 블록 A에 집중될 예정이며, 이곳에서 회사는 근접 금 시스템의 잠재력을 확인했습니다. GoldON의 탐사 전략은 디크시 속성에서의 그레이트 베어의 성공에 영향을 받아, 이는 킨로스 골드 법인에 의해 18억 달러에 인수되었습니다. 회사의 드릴 목표 개발은 그레이트 베어의 전 탐사 관리자인 안드레아 디아코우(P.Geo.)가 이끌고 있습니다.
GoldON Resources (TSXV: GLD) a annoncé le début du forage d'exploration sur sa propriété aurifère West Madsen, dont elle détient 100 %, dans le district aurifère de Red Lake, en Ontario. La propriété de 5 988 hectares est stratégiquement située près de la mine d'or Madsen de West Red Lake Gold Mines (WRLG), dont la production devrait redémarrer en 2025. Des forages précédents réalisés par GoldON ont découvert une minéralisation d'or dans des roches intrusives felsiques, le trou WM-21-22 ayant intersecté une zone de 195 mètres de minéralisation d'or de faible grade et constante.
La nouvelle phase de forage se concentrera sur le Bloc A, où la société a identifié un potentiel pour un système aurifère proximal. La stratégie d'exploration de GoldON est influencée par le succès de Great Bear sur la propriété Dixie, qui a conduit à une acquisition de 1,8 milliard de dollars par Kinross Gold Corp. Le développement des cibles de forage de l'entreprise est dirigé par Andrea Diakow, P.Geo., l'ancienne responsable de l'exploration chez Great Bear.
GoldON Resources (TSXV: GLD) hat den Beginn der Erkundungsbohrungen auf seinem zu 100 % im Besitz befindlichen Goldgrundstück West Madsen im Goldbezirk Red Lake in Ontario bekannt gegeben. Das 5.988 Hektar große Grundstück befindet sich strategisch günstig in der Nähe der Goldmine Madsen von West Red Lake Gold Mines (WRLG), deren Produktion voraussichtlich 2025 wieder aufgenommen wird. Frühere Bohrungen von GoldON haben eine Goldmineralisierung in felsischen Intrusionsgesteinen entdeckt, wobei das Bohrloch WM-21-22 eine 195 Meter lange Zone mit konstant niederschwelliger Goldmineralisierung durchdrungen hat.
Die neue Bohrphase wird sich auf Block A konzentrieren, wo das Unternehmen Potenzial für ein proximales Goldsystem identifiziert hat. Die Explorationsstrategie von GoldON wird vom Erfolg von Great Bear bei der Dixie-Immobilie beeinflusst, was zu einer Übernahme durch Kinross Gold Corp. im Wert von 1,8 Milliarden Dollar führte. Die Entwicklung der Bohrziele des Unternehmens wird von Andrea Diakow, P.Geo., der früheren Explorationsleiterin von Great Bear, geleitet.
- Strategic location near West Red Lake Gold Mines' Madsen gold mine
- Previous drilling discovered gold mineralization in felsic intrusive rocks
- Hole WM-21-22 intersected 195-metre zone of consistent low-grade gold mineralization
- Exploration strategy influenced by Great Bear's success at Dixie property
- Experienced exploration team led by former Great Bear exploration manager
- None.
The eastern boundary of the West Madsen property is a 5 km drive from the Madsen gold mine and mill complex owned by West Red Lake Gold Mines (WRLG)
Victoria, British Columbia--(Newsfile Corp. - September 10, 2024) - GoldON Resources Ltd. (TSXV: GLD) (the "Company") is pleased to announce the commencement of exploration drilling at its
Figure 1: Looking northeast from GoldON's West Madsen property to WRLG's Madsen Gold Mine property.
To view an enhanced version of this graphic, please visit:
https://goldonresources.com/images/westmadsen/WM-BLK-A_WRLG.jpg
Located in the heart of the Red Lake Gold District, the 5,988-hectare Property covers two claim blocks, Block A (east) and Block B (west), that are non-contiguous by less than 100 metres. Block A adjoins the Madsen gold mine property (Figure 1) where West Red Lake Gold Mines (WRLG) expects to restart production in the second half of 2025.
The bulk of the mineral resources on the Madsen mine property are hosted in a ~7-km-long gold trend that follows the major crustal break or contact between the Balmer and Confederation assemblages. GoldON has observed the same Balmer-Confederation contact in outcrop ~1.5 kilometres (km) west of the Block A eastern claim boundary and identified it within an ~8-km corridor of disrupted regional magnetics that traverses Block A from the Madsen mine property.
Figure 2: Geophysical interpretation with known gold showings and priority target area.
To view an enhanced version of this graphic, please visit:
https://goldonresources.com/images/westmadsen/WM-Geophysical-Interpretation.jpg
The next phase of drilling will focus on Block A where GoldON's previous prospecting and diamond drilling discovered gold mineralization in felsic intrusive rocks (quartz-feldspar porphyry) within the Confederation Assemblage.
The eye-opener was hole WM-21-22 (Drill hole location map) which intersected a 195-metre zone of relatively consistent low-grade gold mineralization (i.e. values greater than 0.1 g/t Au), that included elevated gold values of up to 2.2 g/t Au over 2.2 metres which was within a broader interval of 0.51 g/t Au over 10.9 metres. The consistent anomalous gold in this hole suggests the potential of a proximal gold system, and as such, warrants further investigation via the target development that has been focused within and around this area.
Figure 3: Close ups of priority target area showing multiple fractures (left) and possible folding (right).
view an enhanced version of this graphic, please visit:
https://goldonresources.com/images/westmadsen/WM-Priority-1-Target-close-ups.jpg
The exploration potential for gold mineralization within felsic rocks of the Confederation Assemblage was elevated by Great Bear's gold discovery at their Dixie property. Instead of intermittent high-grade, vein-hosted gold mineralization typical of the Red Lake Camp, Great Bear found continuous sheet-like mineralization with high-grade gold occurring within a lower-grade mineralized halo. Great Bear was acquired by Kinross Gold Corp. in February 2022 for
"Our drill target development, spearheaded by Andrea Diakow, P.Geo., former exploration manager at Great Bear, has embraced the theory that previous exploration efforts at West Madsen have provided valuable insights into the potential of a more robust gold mineralization system and we are excited to commence drill testing these new targets," said Mike Romanik, President of GoldON.
The technical information contained in this news release has been approved by Mike Kilbourne, P.Geo., who is a Qualified Person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.
About GoldON Resources Ltd.
GoldON is a mineral exploration company focused on discovery-stage properties. Our goal with a property is to add value by defining or redefining the exploration opportunity, maintain ownership control during the value creation phase of discovery, and then source a well-financed partner capable of accelerating discovery, resource definition, and development.
For more information on GoldON and the West Madsen gold project, please visit our website at goldonresources.com. You can also download our investor presentation here and follow us on X (Twitter) here.
ON BEHALF OF THE BOARD
Signed "Michael Romanik"
Michael Romanik, President
GoldON Resources Ltd.
Direct line: (204) 724-0613
Email: info@goldonresources.com
179 - 2945 Jacklin Road, Suite 416
Victoria, BC, V9B 6J9
This news release may contain "forward-looking statements" that involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/222704
FAQ
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